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RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment. Out of the total gold reserves, 510.46

Finance & Economics

30 Oct 2024 10:15 AM 1.27k views

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment. Out of the total gold reserves, 510.46

Finance & Economics

"RBI Cuts GDP Growth Forecast to 6.8% Amid Festival Season Optimism"

The Reserve Bank of India (RBI) has reduced its GDP growth forecast for India to 6.8% for the second quarter of fiscal 2024-25, a decrease of 20 basis points. In its October bulletin titled "State of the Economy," the RBI attributed this revision to a slackening momentum observed in some high-frequency indicators, which were partially impacted by unusual heavy rainfall in August and September. This latest forecast is lower than the previous projection of 7% made by RBI Gov

Finance & Economics

21 Oct 2024 18:29 PM 1.22k views

"RBI Cuts GDP Growth Forecast to 6.8% Amid Festival Season Optimism"

The Reserve Bank of India (RBI) has reduced its GDP growth forecast for India to 6.8% for the second quarter of fiscal 2024-25, a decrease of 20 basis points. In its October bulletin titled "State of the Economy," the RBI attributed this revision to a slackening momentum observed in some high-frequency indicators, which were partially impacted by unusual heavy rainfall in August and September. This latest forecast is lower than the previous projection of 7% made by RBI Gov

Finance & Economics

"Jaishankar on India-Canada Relations: Diplomatic Double Standards Exposed"

During a compelling interview at the World Summit, Indian Foreign Minister S. Jaishankar shed light on the deteriorating diplomatic relations between India and Canada, which have faced significant strain following Canadian Prime Minister Justin Trudeau's allegations regarding India's involvement in the murder of Khalistani terrorist Hardeep Singh Nijjar. Jaishankar criticized what he termed "double standards" in diplomatic treatment, noting that while Canadian diplomat

General

21 Oct 2024 18:18 PM 989 views

"Jaishankar on India-Canada Relations: Diplomatic Double Standards Exposed"

During a compelling interview at the World Summit, Indian Foreign Minister S. Jaishankar shed light on the deteriorating diplomatic relations between India and Canada, which have faced significant strain following Canadian Prime Minister Justin Trudeau's allegations regarding India's involvement in the murder of Khalistani terrorist Hardeep Singh Nijjar. Jaishankar criticized what he termed "double standards" in diplomatic treatment, noting that while Canadian diplomat

General

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards. In a press release, the RBI emphasized its ongoing commitment to

Business

17 Oct 2024 19:20 PM 1.34k views

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards. In a press release, the RBI emphasized its ongoing commitment to

Business

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions. In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,

Business

09 Oct 2024 12:41 PM 1.48k views

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions. In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,

Business

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro

Business

01 Oct 2024 10:34 AM 1.06k views

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro

Business

Government Blocks Websites Exposing Sensitive Personal Data of Indian Citizens

In a decisive move to safeguard citizens' sensitive information, the Indian government has blocked several websites found to be exposing personal identifiable information, including Aadhaar and PAN Card details. This action follows a report from the Indian Computer Emergency Response Team (CERT-In), part of the Ministry of Electronics and Information Technology, which identified significant security flaws on these sites. The official statement highlighted the government's co

Global News

26 Sep 2024 12:33 PM 1.38k views

Government Blocks Websites Exposing Sensitive Personal Data of Indian Citizens

In a decisive move to safeguard citizens' sensitive information, the Indian government has blocked several websites found to be exposing personal identifiable information, including Aadhaar and PAN Card details. This action follows a report from the Indian Computer Emergency Response Team (CERT-In), part of the Ministry of Electronics and Information Technology, which identified significant security flaws on these sites. The official statement highlighted the government's co

Global News

PM Narendra Modi's Historic Visit to Poland Marks a Shift in India's Foreign Policy

Prime Minister Narendra Modi is making headlines with his historic visit to Poland, marking the first visit by an Indian Prime Minister in more than 40 years. This visit underscores a major shift in India’s foreign policy, moving from a stance of distance to one of active engagement and connectivity. Modi humorously noted that this visit, along with his recent trip to Austria, represents a series of diplomatic "firsts" reflecting India's evolving international strategy.

Political News

22 Aug 2024 03:18 AM 1.26k views

PM Narendra Modi's Historic Visit to Poland Marks a Shift in India's Foreign Policy

Prime Minister Narendra Modi is making headlines with his historic visit to Poland, marking the first visit by an Indian Prime Minister in more than 40 years. This visit underscores a major shift in India’s foreign policy, moving from a stance of distance to one of active engagement and connectivity. Modi humorously noted that this visit, along with his recent trip to Austria, represents a series of diplomatic "firsts" reflecting India's evolving international strategy.

Political News

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Gold Emerges as Top Safe-Haven Amid U.S. Treasury and Dollar Declines

#rbi-foreign-exchange-data

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

"RBI Cuts GDP Growth Forecast to 6.8% Amid Festival Season Optimism"

"RBI Cuts GDP Growth Forecast to 6.8% Amid Festival Season Optimism"

"Jaishankar on India-Canada Relations: Diplomatic Double Standards Exposed"

"Jaishankar on India-Canada Relations: Diplomatic Double Standards Exposed"

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

Government Blocks Websites Exposing Sensitive Personal Data of Indian Citizens

Government Blocks Websites Exposing Sensitive Personal Data of Indian Citizens

PM Narendra Modi's Historic Visit to Poland Marks a Shift in India's Foreign Policy

PM Narendra Modi's Historic Visit to Poland Marks a Shift in India's Foreign Policy

Santa Clara County homelessness prevention model expands nationwide

UAE expands foster care rights as Modi, Merz strengthen India-Germany partnership

Anand Mahindra Says Curiosity And Humility Define Chiranjeevi’s Enduring Success

Trump Confirms 25% Tariffs on Mexico, Canada, and EU; Deadline Pushed to April

Rafael Nadal Announces Retirement from Professional Tennis

Modi’s Bihar victory boosts prospects for India–US trade deal on farm concessions

Former NFL quarterback Mark Sanchez hospitalized after apparent stabbing in Indianapolis

Arvind Kejriwal, Manish Sisodia Discharged in Delhi Excise Policy Case

Noman Ali Makes History with Hat-Trick in Test Against West Indies

Gold Emerges as Top Safe-Haven Amid U.S. Treasury and Dollar Declines

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Santa Clara County homelessness prevention model expands nationwide

UAE expands foster care rights as Modi, Merz strengthen India-Germany partnership

Anand Mahindra Says Curiosity And Humility Define Chiranjeevi’s Enduring Success

Trump Confirms 25% Tariffs on Mexico, Canada, and EU; Deadline Pushed to April

Rafael Nadal Announces Retirement from Professional Tennis

Modi’s Bihar victory boosts prospects for India–US trade deal on farm concessions

Former NFL quarterback Mark Sanchez hospitalized after apparent stabbing in Indianapolis

Arvind Kejriwal, Manish Sisodia Discharged in Delhi Excise Policy Case

Noman Ali Makes History with Hat-Trick in Test Against West Indies

Gold Emerges as Top Safe-Haven Amid U.S. Treasury and Dollar Declines

#rbi-foreign-exchange-data

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

"RBI Cuts GDP Growth Forecast to 6.8% Amid Festival Season Optimism"

"RBI Cuts GDP Growth Forecast to 6.8% Amid Festival Season Optimism"

"Jaishankar on India-Canada Relations: Diplomatic Double Standards Exposed"

"Jaishankar on India-Canada Relations: Diplomatic Double Standards Exposed"

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

Government Blocks Websites Exposing Sensitive Personal Data of Indian Citizens

Government Blocks Websites Exposing Sensitive Personal Data of Indian Citizens

PM Narendra Modi's Historic Visit to Poland Marks a Shift in India's Foreign Policy

PM Narendra Modi's Historic Visit to Poland Marks a Shift in India's Foreign Policy

Santa Clara County homelessness prevention model expands nationwide

UAE expands foster care rights as Modi, Merz strengthen India-Germany partnership

Anand Mahindra Says Curiosity And Humility Define Chiranjeevi’s Enduring Success

Trump Confirms 25% Tariffs on Mexico, Canada, and EU; Deadline Pushed to April

Rafael Nadal Announces Retirement from Professional Tennis

Modi’s Bihar victory boosts prospects for India–US trade deal on farm concessions

Former NFL quarterback Mark Sanchez hospitalized after apparent stabbing in Indianapolis

Arvind Kejriwal, Manish Sisodia Discharged in Delhi Excise Policy Case

Noman Ali Makes History with Hat-Trick in Test Against West Indies

Gold Emerges as Top Safe-Haven Amid U.S. Treasury and Dollar Declines

Popular Cities