DDIndia Business: Economic Headlines & Updates

Business

February 12, 2024 9:01 AM

India’s UPI services set to launch in Sri Lanka and Mauritius on Feb 12

By: Aditya Ahuja In a landmark development, India’s Unified Payments Interface (UPI) technology is set to be launched in Sri Lanka and Mauritius on February 12. Prime Minister Narendra Modi, alongside the President of Sri Lanka, H.E Ranil Wickr...

February 10, 2024 12:55 PM

Understanding the Sovereign Gold Bond Scheme 2023-24 (Series IV)

The Ministry of Finance, in collaboration with the Reserve Bank of India (RBI), is set to launch the Sovereign Gold Bond Scheme 2023-24 (Series IV), which will be open for subscription from February 12th to February 16th, 2024. This scheme allows inv...

February 9, 2024 2:14 PM

Former PMs PV Narasimha Rao & Chaudhary Charan Singh, and MS Swaminathan to be conferred Bharat Ratna

Former Prime Minister and veteran leader of Congress P V Narasimha Rao, former Prime Minister of the country, Chaudhary Charan Singh and agricultural scientist Dr. MS Swaminathan will be conferred with the country's highest civilian award Bharat Ratn...

February 8, 2024 6:16 PM

“It was a crisis situation”: FM Sitharaman tables White Paper on management of economy by UPA

Finance Minister Nirmala Sitharaman on Thursday tabled a 'White Paper', detailing the state of the Indian economy during the Congress-led UPA government from 2004 to 2014. The paper states that when the BJP-led government came to power in 2014, the ...

February 8, 2024 3:42 PM

PLI scheme for white goods attracts substantial investments

The Ministry of Commerce announced on Wednesday that 64 applicants, with a combined investment commitment of Rs. 6,766 crore, have successfully secured approval under the Production-Linked Incentive (PLI) scheme for white goods. In 2021, the Union C...

February 8, 2024 3:31 PM

Indian Business and Professional Council explores Healthcare opportunities in UAE

The Indian Business and Professional Council Dubai is actively exploring healthcare opportunities within the UAE. Recent panel discussions have centered on advancements in medical treatment and strategies for investing in healthcare. The discussions ...

February 8, 2024 11:27 AM

RBI keeps Repo Rate steady, predicts 7% GDP growth

The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 percent during its recent meeting. They also forecasted India's GDP growth for the upcoming financial year 2024-25 to be 7 percent. Breaking it down, they anticipate a gr...

February 8, 2024 11:00 AM

Lok Sabha passes Finance Bill, addresses tax and budget concerns

Lok Sabha passed the Finance Bill, on Wednesday marking the end of the interim budget exercise in the House with Finance Minister Nirmala Sitharaman seeking to allay apprehensions of opposition parties on tax devolution to some states and assuring th...

February 8, 2024 11:27 AM

RBI leaves repo rate unchanged for sixth straight meeting

The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 percent for the sixth time in a row during its February meeting. The repo rate is the interest rate at which RBI lends money to other banks. RBI Governor Shaktikanta Da...

February 8, 2024 11:19 AM

RBI to announce bi-monthly monetary policy today

Reserve Bank of India will announce its bi-monthly policy today amid expectations of a continued pause on the key interest rate. RBI Governor Shaktikanta Das will announce at 10 AM the decisions taken during the 3-day meeting of the Monetary Policy C...