Economy News

India's forex reserves surge for 3rd week in row to touch $642.5 billion mark

India's foreign exchange reserves surged by $6.4 billion to touch a robust $642.5 billion for the week ended March 15, the latest data released by the RBI on Friday showed.

Mar 23, 2024

RBI slaps fines on Bank of India & Bandhan Bank for breach of rules

The Reserve Bank of India (RBI) has imposed fines on Bank of India and Bandhan Bank for breach of rules, the central bank said on Wednesday.

Mar 14, 2024

Here's all you need to know about RBI's Unclaimed Deposits portal

The Reserve Bank of India (RBI) on Tuesday issued a set of frequently asked questions (FAQs) about its UDGAM portal to help people recover their funds that are stuck in unclaimed deposits/ accounts with banks.

Mar 6, 2024

Karnataka CM Siddaramaiah presents state Budget; Live Updates

This is Siddaramaiah's 15th budget presentation and eighth as the chief minister, which is the highest by any CM in the state

Feb 16, 2024

Japan loses its position as the world's third-largest economy, Germany takes over

Japan has slipped to the world's fourth-largest economy as it fell behind the size of Germany's in 2023, says Deepak Jasani, Head of Retail Research, HDFC Securities.

Feb 15, 2024

Lakhs of dormant wallets, one Pan Card for 1000 accounts... how Paytm came under the RBI scrutiny and what next [details]

This is not the first time Paytm has been caught in the regulatory crosshairs. However, this is the first time that its violations have been under a detailed scrutiny, begging the question how did it get away for seven years?

Feb 6, 2024

Interim Budget proposals to boost real-estate sector: Builders upbeat

The big operators in the real-estate sector of the country on Thursday welcomed the proposals of the Interim Budget 2024 presented by Finance Minister Nirmala Sitharaman, saying the focus on housing requirements of the middle class will actually boost the sector.

Feb 2, 2024

Interim Union Budget 2024: FM calls on President before presentation in Lok Sabha

Union Finance Minister Nirmala Sitharaman reached Rashtrapati Bhawan to call on President Droupadi Murmu before presenting the interim Union Budget for 2024 in Lok Sabha.

Feb 1, 2024

US Fed keeps interest rate unchanged, cites 'uncertain' economic outlook

The US Federal Reserve Bank has kept the interest rate unchanged for the fourth consecutive time after its customary two-day meeting, saying the "economic outlook is uncertain" despite the economy was "expanding at a solid pace".

Feb 1, 2024

Agricultural sector remains bedrock of nation's economy: Economy Review

The India Economy Review prepared by the Ministry of Finance said that the agricultural sector -- which is estimated to constitute 18 per cent of India's GVA in FY24 -- is the bedrock of nation's economy.

Jan 30, 2024

Finance Minister kicks off Interim Budget 2024 process with halwa ceremony in North Block

The Halwa ceremony, marking the final stage of the preparation process for Interim Union Budget 2024, was held in North Block on Wednesday in the presence of Finance Minister Nirmala Sitharaman and Minister of State for Finance Dr. Bhagwat Kisanrao Karad.

Jan 25, 2024

Shaktikanta Das, Governor, Reserve Bank of India

RBI not thinking of moving towards de-dollarisation: Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das said that it is incorrect to say that there was a move towards de-dollarisation as the efforts of the central bank towards internationalisation of the rupee are not aimed at replacing the dollar.

Jan 17, 2024

RBI proposes stricter rules for housing finance firms

The RBI on Monday issued a draft circular which proposes to harmonise regulations of housing finance companies (HFCs) with that of non-banking finance companies (NBFCs) in several areas such as minimum capital requirement and deposit taking rules.

Jan 16, 2024

'Invest in Telangana' campaign launched at WEF meet

The Telangana government has launched the 'Invest in Telangana' campaign at the World Economic Forum (WEF) meeting at Davos, Switzerland.

Jan 16, 2024

Customer benefits being kept in mind while regulating Fintechs: RBI Guv

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that post-pandemic digital lending has seen an exponential rise in India and at the same time, it has also raised a host of business conduct issues on which the central bank was keeping a close watch.

Jan 11, 2024

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