In the fiscal year 2023-24, the net money creation by the Reserve Bank of India was virtually neutral, recording -1 per cent in FY23 and +1 per cent in FY24, against a 20-year average of +3 per cent and a higher +4-5 per cent in the earlier three years
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The Reserve Bank of India (RBI) Governor states that Digital Public Infrastructure (DPI) has enabled India to achieve in less than a decade levels of financial inclusion that would have otherwise taken several decades or even more
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As per the poll by Reuters, India’s economy grew at the slowest pace in a year at 6.9 per cent in the April to June 2024 quarter. The growth is down from 7.8 per cent in the preceding quarter
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Icra has expected a decline of 60 to 180 basis points (bps) for the primary steel producers. Taking into consideration, the cess of 5 to 15 per cent on iron ore, based on current prices, the rating agency has projected a decline of 80 to 250 basis points for the secondary producers
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Agri Gold loans and Non-Banking Financial Companies (NBFCs) each account for 14 per cent of the gold loan portfolio, and banking channels give about 7 per cent of gold loans
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India's transition to a bio-economy faces significant obstacles, including fragmented research, regulatory hurdles, market awareness, and market development challenges
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Goyal also met with Cindy Lim, CEO of Infrastructure at global asset manager and operator, Keppel
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As per the rating agency, the projected outlay will be 1.8 times the capital expenditure during the past three financial years
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