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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

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

"Noel Tata Appointed Chairman of Tata Trusts Following Ratan Tata's Passing"

In a significant transition for the Tata Group, Noel Tata has been appointed Chairman of Tata Trusts, succeeding his half-brother Ratan Tata, who passed away at the age of 86 in a Mumbai hospital. Ratan Tata's death marks the end of an era for Indian business, where he transformed the Tata Group into a global powerhouse, reshaping the country’s industrial landscape. Noel Tata has been an influential figure within the Tata Group since he joined in the early 2000s. His appoi

General

11 Oct 2024 11:29 AM 1.2k views

"Noel Tata Appointed Chairman of Tata Trusts Following Ratan Tata's Passing"

In a significant transition for the Tata Group, Noel Tata has been appointed Chairman of Tata Trusts, succeeding his half-brother Ratan Tata, who passed away at the age of 86 in a Mumbai hospital. Ratan Tata's death marks the end of an era for Indian business, where he transformed the Tata Group into a global powerhouse, reshaping the country’s industrial landscape. Noel Tata has been an influential figure within the Tata Group since he joined in the early 2000s. His appoi

General

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

Arvind Kejriwal Resigns as Delhi Chief Minister; Atishi Takes Over Amidst Liquor Policy Case Controversy

Kejriwal’s Resignation: Arvind Kejriwal, the Chief Minister of Delhi, resigned from his position on Tuesday evening, making way for colleague Atishi to take over. This decision follows a dramatic four-day period after Kejriwal's release on bail related to the liquor policy case. Atishi’s Appointment: Atishi, newly appointed as the leader of the legislative party, will serve as the acting Chief Minister unt

Political News

17 Sep 2024 12:38 PM 1.18k views

Arvind Kejriwal Resigns as Delhi Chief Minister; Atishi Takes Over Amidst Liquor Policy Case Controversy

Kejriwal’s Resignation: Arvind Kejriwal, the Chief Minister of Delhi, resigned from his position on Tuesday evening, making way for colleague Atishi to take over. This decision follows a dramatic four-day period after Kejriwal's release on bail related to the liquor policy case. Atishi’s Appointment: Atishi, newly appointed as the leader of the legislative party, will serve as the acting Chief Minister unt

Political News

Chandrababu Naidu’s Innovative Flood Relief: Drones and On-the-Ground Efforts Receive Widespread Praise

Chief Minister N. Chandrababu Naidu is earning widespread acclaim for his prompt and effective response to the recent floods in Andhra Pradesh. The state has been grappling with severe flooding due to relentless rains and significant inflow from upstream areas, leading to overflowing water bodies and breaches. In this challenging scenario, Naidu’s leadership and innovative approach to flood relief

Political News

04 Sep 2024 08:53 AM 1.16k views

Chandrababu Naidu’s Innovative Flood Relief: Drones and On-the-Ground Efforts Receive Widespread Praise

Chief Minister N. Chandrababu Naidu is earning widespread acclaim for his prompt and effective response to the recent floods in Andhra Pradesh. The state has been grappling with severe flooding due to relentless rains and significant inflow from upstream areas, leading to overflowing water bodies and breaches. In this challenging scenario, Naidu’s leadership and innovative approach to flood relief

Political News

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From Conclave to The Brutalist: A Historic Night at the BAFTAs 2025

#rbi-leadership-transition

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

"Noel Tata Appointed Chairman of Tata Trusts Following Ratan Tata's Passing"

"Noel Tata Appointed Chairman of Tata Trusts Following Ratan Tata's Passing"

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

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

Arvind Kejriwal Resigns as Delhi Chief Minister; Atishi Takes Over Amidst Liquor Policy Case Controversy

Arvind Kejriwal Resigns as Delhi Chief Minister; Atishi Takes Over Amidst Liquor Policy Case Controversy

Chandrababu Naidu’s Innovative Flood Relief: Drones and On-the-Ground Efforts Receive Widespread Praise

Chandrababu Naidu’s Innovative Flood Relief: Drones and On-the-Ground Efforts Receive Widespread Praise

Kash Patel Faces Perjury Allegations Over FBI Purge Claims

RCB Storm Into IPL Final With Dominant Win Over Punjab Kings in Qualifier 1

Chandrababu Naidu to Lead Andhra Pradesh Delegation at Davos 2025

Indians Shine in London Theatre as Brits Shun US Amid Visa Woes

Dehradun Family of 7 Found Dead in Panchkula Car: Suicide Suspected

Santa arrives early as Chicago malls kick off festive photo sessions for families

Trump post on India sparks diplomatic pushback from US and India

Several animals die in Prospect Park house fire; two residents displaced in Jersey City region

Samia Suluhu Hassan wins Tanzania’s election amid violence and unrest

From Conclave to The Brutalist: A Historic Night at the BAFTAs 2025

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Kash Patel Faces Perjury Allegations Over FBI Purge Claims

RCB Storm Into IPL Final With Dominant Win Over Punjab Kings in Qualifier 1

Chandrababu Naidu to Lead Andhra Pradesh Delegation at Davos 2025

​Indians Shine in London Theatre as Brits Shun US Amid Visa Woes

Dehradun Family of 7 Found Dead in Panchkula Car: Suicide Suspected

Santa arrives early as Chicago malls kick off festive photo sessions for families

Trump post on India sparks diplomatic pushback from US and India

Several animals die in Prospect Park house fire; two residents displaced in Jersey City region

Samia Suluhu Hassan wins Tanzania’s election amid violence and unrest

From Conclave to The Brutalist: A Historic Night at the BAFTAs 2025

#rbi-leadership-transition

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

"Noel Tata Appointed Chairman of Tata Trusts Following Ratan Tata's Passing"

"Noel Tata Appointed Chairman of Tata Trusts Following Ratan Tata's Passing"

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

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

Arvind Kejriwal Resigns as Delhi Chief Minister; Atishi Takes Over Amidst Liquor Policy Case Controversy

Arvind Kejriwal Resigns as Delhi Chief Minister; Atishi Takes Over Amidst Liquor Policy Case Controversy

Chandrababu Naidu’s Innovative Flood Relief: Drones and On-the-Ground Efforts Receive Widespread Praise

Chandrababu Naidu’s Innovative Flood Relief: Drones and On-the-Ground Efforts Receive Widespread Praise

Kash Patel Faces Perjury Allegations Over FBI Purge Claims

RCB Storm Into IPL Final With Dominant Win Over Punjab Kings in Qualifier 1

Chandrababu Naidu to Lead Andhra Pradesh Delegation at Davos 2025

​Indians Shine in London Theatre as Brits Shun US Amid Visa Woes

Dehradun Family of 7 Found Dead in Panchkula Car: Suicide Suspected

Santa arrives early as Chicago malls kick off festive photo sessions for families

Trump post on India sparks diplomatic pushback from US and India

Several animals die in Prospect Park house fire; two residents displaced in Jersey City region

Samia Suluhu Hassan wins Tanzania’s election amid violence and unrest

From Conclave to The Brutalist: A Historic Night at the BAFTAs 2025

Popular Cities

Indians Shine in London Theatre as Brits Shun US Amid Visa Woes

Indians Shine in London Theatre as Brits Shun US Amid Visa Woes