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On 7th June, RBI Governor Shantikanta Das said that India’s foreign exchange reserves hit a record high of $651.5 billion as of 31st May, 2024. “India’s external sector remains resilient and the key external vulnerability indicators continue to improve,” the Central Bank’s Governor said while announcing the latest interest rate decision. He further added, “Overall, […]
The Asian Banker, a financial company, has awarded Sebi the “Best Conduct of Business Regulator” award in Asia Pacific for its role in enhancing the regulatory framework for securities markets in India. SEBI’s full time member Kamlesh Chandra Varshney received this award, on behalf of all the Sebi members, in a ceremony held in Hong […]
In the fiscal year 2023-2024, the northwestern European nation Netherlands became India’s 3rd largest export destination after the USA and UAE, despite the decline in India merchandise shipments by almost 3%. The main commodities which led to healthy export growth in the Netherlands include electrical goods, chemicals, petroleum products and pharmaceuticals. With $14.29 billion worth […]
After winning the recently-held Lok Sabha Elections 2024, PM-designate Shri. Narendra Modi reiterated his commitment for qualitative changes in the education sector of the country. He also showed his happiness over the improvement in the Indian universities’ performance in the QS World University Rankings released in the first week of June, 2024. Over the last […]
Tesla and SpaceX CEO Elon Musk took to social media platform X to congratulate PM-designate Shri. Narendra Modi for victory in the Lok Sabha elections 2024. Musk, who extended his well wishes to Shri. Modi, talked about the future of his companies in India. Elon Musk’s tweet came three days after the election results were […]
Newspapers are the link between people and their government. They’re the ‘voice’ of the general public and the custodians of truth. Even though the fall of newspapers has long been predicted due to the rise in technology, they still continue to survive globally despite competition from radio, television and the internet. This is because newspapers […]
TRAI, the Indian telecom regulator, is exploring a penal option for telecom operators for hoarding unutilized fixed line phone numbers to address the crunch of numbering resources hampering the growth of new connections. In order to address the lack of numbering resources in the segment, TRAI appears to be looking into ways to change fixed […]
RBI’s Monetary Policy Committee (MPC) meeting was scheduled from 5 – 7 June, 2024. The key lending rate at which the RBI lends to commercial banks currently stands at 6.5%. The rate hike cycle was initiated by RBI two years back in 2022 and since then, the repo rate has been increased by 250 basis […]
Union Health Ministry, under the chairmanship of the Directorate General of Health Services (DGHS) Dr. Atul Goel, conducted a virtual meeting with States/UTs to evaluate the preparedness of heatwave conditions and fire & electrical safety measures adopted by various health care facilities across India. As per IMD-issued long-range outlook forecast on 27th May, 2024, it […]
Zurich Insurance Company has received the approval of the Reserve Bank of India (RBI) for the acquisition of 70 percent stake in Kotak Mahindra General Insurance Company for Rs. 5,560 crore. Kotak General is Kotak Mahindra Bank’s 100 percent subsidiary. The RBI’s approval was received on 4th June, 2024. The private bank stated that all […]