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
Sensex Rises Ahead Of RBI MPC Decision
Indian equity indices were trading higher on Wednesday as investors awaited the monetary policy announcement from the Reserve Bank of India (RBI). At 9:48AM, the Sensex was up 251 points, or 0.31 percent, reaching 81,873. Meanwhile, the Nifty gained 81 points, or 0.34 percent, to reach 25,097. Market sentiment remained positive ahead of RBI MPC …
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.
RBI Bulletin Sees Revival In Rural Consumption, Boost To Private Sector Investment
RBI monthly bulletin has expressed optimism about India's economic prospects, citing a revival in rural consumption.
RBI To Create Open Database Of Online Lending Apps To Curb Scams
To tackle issues with unauthorized online lending apps (DLAs), the Reserve Bank of India (RBI) will create a public repository.
With 19.5 Percent Surge Direct Tax Collection Reaches To Rs 5.74 lakh Cr In 2024-25 So Far
Latest figures compiled by Income Tax Department reveals that India’s net direct tax collection observes a robust surge of 19.5 percent as it reaches to Rs 5.74 lakh as on till July 11 of the current financial year (2024-25) compared to the same period of the previous year. From April 1 to July 11, net …
Banking Sector Achieves Decade-High Performance: RBI
As India is soon to become World's third largest Economy, Deputy Governor of RBI claimed that Indian banking sector is undergoing a decade-high performance in financial metrics.
Indian Economy Sees Surge With 46.6 Million New Jobs In 2023-24: RBI Report
RBI recent data stated that the Indian economy saw a significant upturn in employment during FY 2023-24, with 46.6 million new jobs created.
Govt Announces Sale Of Bonds Worth Rs 28,000 Crore For Sale On July 5
Up to 5 per cent of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.
