By Yukta Baid Four Indian States have received grants totalling Rs 1,764 crore from the Department of Expenditure which operates under the Union Ministry of […]
Economy
PM MODI LAUNCHES ‘ONE NATION, ONE FERTILIZER’ SCHEME
By Devleena Dash PM Modi launched the Pradhan Mantri Bhartiya Jan Urvarak Pariyojana-One Nation One Fertilizer scheme on Monday. The scheme was launched during the […]
India to assume the presidency of G20 summit for one year, regulatory framework for cryptocurrencies to be developed
By Aditi Shekar VS During its G20 presidency the next year, India plans to create standard operating procedures (SOPs) for cryptocurrencies, asserted Finance Minister Nirmala […]
PM Modi dedicates 75 Digital Unit Banks to the nation
By Navya Sharma On Sunday, 16 October, PM Modi decided to dedicate 75 Digital Banking Units (DBU’s) across 75 districts through video conferencing. To commemorate […]
India’s Largest private bank- HDFC reports 20% profit growth
By Nishtha Gupta The largest private bank in India, HDFC Bank, announced a 20% increase in net profit for the three months ending September 2022. This increase was driven by higher loan growth and an increase in income from other sources. According to Refinitiv IBES statistics, the private bank recorded a net profit of Rs. 106.05, higher than experts’ predictions of Rs. 105.97 billion in net earnings. For the three months ending in September 2022, HDFC Bank, India’s largest private bank, reported a 20% increase in net profit, driven by faster loan growth and a gain in income from other sources. Net interest income increased by 18.9% to Rs. 210.21 billion, and income from other sources increased […]
SBI Chairman says that global recession is unlikely to hit India
By Prajakta Mhatre The chairman of the State Bank of India (SBI), Dinesh Khara, stated on Friday that India probably won’t experience a global recession […]
Economists Claim Volatile Food Prices Led to the RBI Missing Inflation Forecasts
By Yukta Baid Extreme weather that increased food costs have been a major factor in India’s central bank routinely missing its inflation forecasts over the […]
Global economy will decrease further, India remains in relative bright spot: IMF
By Ritika Singh When everyone else is slowing down in terms of economic development, India has not stayed unaffected but is performing better and is […]
RuPay, UPI, BHIM App To Go Global, Singapore & UAE Showing Interest, Says FM Sitharaman
By Mrinalini Kaushik According to Union Finance Minister Nirmala Sitharaman, India is in talks with various countries to make homegrown online payment methods UPI, BHIM […]