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The world witnessed economically slump after the recent decline of Silicon Valley and Signature Banks in the United States. Indian regulators have also been highly strung amid a high-inflation environment. Check about the banks that have failed in the past 20 years.
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Union Budget 2023 Highlights: Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament on February 1, 2023. Here are the key highlights from Sitharaman’s Budget speech, summary, explanations, and complete analysis.
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Budget 2023 in Pictures: Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament on February 1. Here are the key highlights of Union Budget 2023-24 in pictures explaining important facts and numbers through charts.
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Agriculture Budget 2023-24: Finance Minister Nirmala Sitharaman presented the Agriculture Budget 2023-24 in Parliament on February 1. Here are the key highlights from Agriculture Budget 2023, summary, explanations, and complete analysis.
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Railway Budget 2023-24: Finance Minister Nirmala Sitharaman presented the Railways Budget 2023-24 in Parliament on February 1, 2023. Here are the key highlights from Rail Budget 2023, summary, explanations, and complete analysis.
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Budget Economic Survey 2023 Updates: Finance Minister Nirmala Sitharaman represents the country’s annual pre-budget economic survey at Parliament. According to the Economic Survey 2022-23, the following fiscal year will see real GDP growth of 6.5 percent.
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The Reserve Bank of India (RBI) increased the repo rate by 35 basis points to 6.25% for the fifth consecutive time. The key interest rate increased by a total of 190 basis points.
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World Bank, in its latest Migration and Development Brief, has said that remittances flow to India will rise 12 percent, putting its inflows ahead of China, Mexico, and the Philippines.
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The Retail Digital Rupee will be in the form of a digital token that represents legal tender. The Reserve Bank of India will issue the digital currency in the same denominations that the paper currency and coins are issued.
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India handed over USD 100 million to the Maldives to ease the financial challenges faced by the archipelagic state in the Indian Ocean. Read below to check the details.
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India’s first sticker-based Debit Card is one-third the size of a regular debit card, thus, making the sticker applicable on a wide range of devices and objects as well as significantly enhancing customer convenience.
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Once India-Australia Economic Cooperation and Trade Agreement is implemented, it will provide duty-free access to the Australian market for over 6,000 broad sectors of India. It will include textiles, furniture, leather, machinery, and jewelry.
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The Memorandum of Understanding signed between IFSCA and RBI will facilitate technical cooperation and the exchange of information.
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The G20 countries have agreed to build a pandemic fund to prevent and prepare for the pandemic. Donors from G20 and non-G20 members, as well as philanthropic organizations, have contributed to the funds.
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The decision to allow settlement of the trade in Indian rupees has come amid the increasing pressure on the Indian currency in the wake of Russia’s invasion of Ukraine in late February.
