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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 1.18k 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 1.13k 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

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 1.24k 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 1.4k 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

Central Government Steps In to Revive Vishakapatnam Steel Plant Amid Shutdown Fears

Amid growing concerns about the potential shutdown of Rashtriya Ispat Nigam Limited’s Vishakapatnam Steel Plant, the central government has intervened with crucial financial assistance aimed at reviving operations. Speculations had intensified after the closure of Blast Furnace BF-3, Annapurna, which sparked outrage among employees. The situation is dire, with only one of the three furnaces, Krishna, currently operational, and its available cooking coal expected to last only a few more

Political News

21 Sep 2024 07:04 AM 1.54k views

Central Government Steps In to Revive Vishakapatnam Steel Plant Amid Shutdown Fears

Amid growing concerns about the potential shutdown of Rashtriya Ispat Nigam Limited’s Vishakapatnam Steel Plant, the central government has intervened with crucial financial assistance aimed at reviving operations. Speculations had intensified after the closure of Blast Furnace BF-3, Annapurna, which sparked outrage among employees. The situation is dire, with only one of the three furnaces, Krishna, currently operational, and its available cooking coal expected to last only a few more

Political News

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#rbi-intervention

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"

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

Central Government Steps In to Revive Vishakapatnam Steel Plant Amid Shutdown Fears

Central Government Steps In to Revive Vishakapatnam Steel Plant Amid Shutdown Fears

PCB Rejects Hybrid Model for Champions Trophy

World's largest magic venue, The Hand & The Eye, set to open in Chicago in 2026

10-Year-Old Krish Arora Achieves IQ of 162, Surpasses Einstein and Hawking

AI-Based Business Ideas Indian Youth Are Pitching in the US

Christy Carlson Romano's Candid Account of Being Shot in the Face

NIMAS Team Conquers Unclimbed Tsangyang Gyatso Peak in Arunachal Pradesh

Milpitas Enforces New Wage Policy to Match Bay Area Living Costs

Trump influence looms over key state and local elections across the U.S.

Heir to Hills Bros. Coffee empire charged after Tesla plant car rampage

Israel Airstrikes Doha In Summit Of Fire To Target Hamas Leaders

Popular Cities

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PCB Rejects Hybrid Model for Champions Trophy

World's largest magic venue, The Hand & The Eye, set to open in Chicago in 2026

10-Year-Old Krish Arora Achieves IQ of 162, Surpasses Einstein and Hawking

AI-Based Business Ideas Indian Youth Are Pitching in the US

Christy Carlson Romano's Candid Account of Being Shot in the Face

NIMAS Team Conquers Unclimbed Tsangyang Gyatso Peak in Arunachal Pradesh

Milpitas Enforces New Wage Policy to Match Bay Area Living Costs

Trump influence looms over key state and local elections across the U.S.

Heir to Hills Bros. Coffee empire charged after Tesla plant car rampage

Israel Airstrikes Doha In Summit Of Fire To Target Hamas Leaders

#rbi-intervention

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"

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

Central Government Steps In to Revive Vishakapatnam Steel Plant Amid Shutdown Fears

Central Government Steps In to Revive Vishakapatnam Steel Plant Amid Shutdown Fears

PCB Rejects Hybrid Model for Champions Trophy

World's largest magic venue, The Hand & The Eye, set to open in Chicago in 2026

10-Year-Old Krish Arora Achieves IQ of 162, Surpasses Einstein and Hawking

AI-Based Business Ideas Indian Youth Are Pitching in the US

Christy Carlson Romano's Candid Account of Being Shot in the Face

NIMAS Team Conquers Unclimbed Tsangyang Gyatso Peak in Arunachal Pradesh

Milpitas Enforces New Wage Policy to Match Bay Area Living Costs

Trump influence looms over key state and local elections across the U.S.

Heir to Hills Bros. Coffee empire charged after Tesla plant car rampage

Israel Airstrikes Doha In Summit Of Fire To Target Hamas Leaders

Popular Cities