Search Results for: global economy

India's forex reserves at historic high of $675 billion: RBI chief

India's Forex Reserves Soar to Historic $675 Billion

India's foreign exchange reserves have reached a record high of $675 billion, showcasing the country's external sector resilience. Key indicators like current account deficit, services exports, and remittances have improved. Despite global economic challenges, India's economy remains strong Aug 8, 2024
RBI forecasts 7.2 pc GDP growth on back of rising urban, rural demand

RBI Projects 7.2% GDP Growth Despite Global Uncertainties

The Reserve Bank of India (RBI) announced a projected GDP growth of 7.2% for India in the fiscal year 2024-25. This projection, made on August 8, 2024, is based on the strength of investment demand, steady urban consumption, and rising rural consumption. Aug 8, 2024
Reserve Bank Of India

RBI Keeps Repo Rate Unchanged, focuses on Price Stability

RBI Governor Shaktikanta Das said the Monetary Policy Committee has decided by a 4:2 majority to keep the repo rate unchanged as inflation has risen above 5 per cent and is still above the targeted level of 4 per cent. Aug 8, 2024
India, US working to 'shape the future', write Blinken, Austin

US and India Unite to Counter China's Influence in Semiconductors and Bolster Supply Chain Resilience

The US-India strategic partnership is crucial in shaping the future of sectors like AI, semiconductors, and clean energy. The partnership has evolved with a focus on joint investments in future-shaping sectors and initiatives like the Quad and iCET. The collaboration serves as a counterbalance to China's influence in the semiconductor market and bolsters supply chain resilience. The alliance underscores the commitment of both nations to maintaining regional stability and security, indicating the evolving nature of 21st-century international relations. Aug 7, 2024
Engineers develop earbuds to combat drowsiness while driving

Innovative Earbuds Detect Drowsiness to Enhance Road Safety

Engineers at the University of California, Berkeley, have designed a prototype of earbuds that can detect signs of drowsiness in the brain. This innovative technology aims to protect drivers and machine operators from the dangers of drowsiness, a critical hazard contributing to road accidents worldwide. Aug 7, 2024
Replacing table sugar with artificial sweetener safe for diabetics in small doses: Study

Artificial Sweeteners: A Potential Ally for Diabetics?

The recent study led by Dr. V. Mohan, a senior Diabetologist and Chairman of the Madras Diabetes Research Foundation (MDRF) in Chennai, has shed light on the effects of replacing table sugar with artificial sweeteners in diabetics. Aug 7, 2024
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