RBI Reports 98.04% Of Rs 2000 Banknotes Returned Since Withdrawal Announcement
The RBI provides facilities to exchange Rs 2000 banknotes at its 19 Issue Offices. This service has been available since May 19, 2023
India’s CPI Inflation Jumps To 5.49% In September Due To Weather And High Base Effect
The Consumer Food Price Index (CFPI) showed inflation at 9.24% for September. Urban housing inflation increased to 2.78%, up from 2.66% in August
3 Share Nobel In Economics For Explaining Why Some Countries Are Rich And Others Poor
The laureates' studies have highlighted the crucial role that societal institutions play in a country’s economic growth. According to the Academy, societies with weak legal frameworks and exploitative institutions fail to generate sustained development
RBI Increases Transaction Limits For UPI 123Pay And UPI Lite
The limit for UPI Lite balances has also been increased to Rs 5,000 from Rs 2,000. UPI Lite, available on apps like Paytm, BHIM, and Google Pay, was launched in September 2022 to support quick, low-value transactions. Many banks are already offering this facility
Indian Auto Market Sees 6.55% Growth, Rural Demand To Drive Festive Sales
The April-September period saw 2W sales grow by 9.08%, 3W by 7.58%, and passenger vehicles (PVs) by 1.07%. However, consumer vehicles (CV) and tractor sales dropped by 0.65% and 8.82%, respectively
India’s Foreign Exchange Reserves Cross $700 Billion For First Time
India joins China, Japan, and Switzerland as the only countries to cross the $700 billion threshold in foreign reserves.
PM Modi Meets Tata Sons, Taiwan’s PSMC Leaders As They Build Rs 91,000 Cr Chip Facility In India
Railways and Electronics and IT Minister Ashwini Vaishnaw announced a technology agreement between Tata Electronics and PSMC
Government Increases Minimum Wage Rates to Support Workers Amid Rising Costs
Workers in various fields, including construction, loading and unloading, cleaning, and agriculture, will benefit from the revised wage rates
Indian Economy Set For 7.1% Growth In FY25, Moody’s Projects
Moody's Analytics also revised India's inflation forecast down to 4.7% from 5%. The country's inflation rate stayed below 4% in July and August. For 2025 and 2026, the inflation forecasts remain unchanged at 4.5% and 4.1%, respectively.
EPFO Adds Record 19.94 Lakh Members In July, Highest Since 2018
Union Minister Dr. Mansukh Mandaviya attributed the surge in new memberships to increased employment opportunities, better awareness of employee benefits, and EPFO’s outreach initiatives
