Global News for You – Top News – Current News
At a job fair in Kochi, Kerala, in 2023 | Photo Credit: The Hindu/THULASI KAKKAT The Union Budget has been presented, and this is the right time to outline the three kinds of jobs this writer believes India must create. Beyond reviving private consumption in urban areas, we must continue to strengthen long-term job creation…
The Reserve Bank of India (RBI) has decided to undertake a comprehensive review of trading and settlement timings across various market to synchronise it to facilitate benefits of efficient price discovery and optimisation of the liquidity requirements. “Over the last few years, there have been several developments including increased electronification of trading, availability of forex…
Image used for representation purpose only. | Photo Credit: The Hindu India’s forex reserves rose $1.05 billion to $630.607 billion for the week ended January 31, the RBI said on Friday (February 7, 2025) In the previous reporting week, the overall reserves had increased by $5.574 billion to $629.557 billion. This is the second consecutive…
The National Statistics Office (NSO) has confirmed emerging fears about the economy’s evidently sluggish trajectory through this year in its first Gross Domestic Product (GDP) estimates for 2024-25. While the election-focused first quarter hit public capital spending, the second quarter (Q2) was marred by weak demand and still underwhelming public capex, dragging GDP growth to…
Image used for representational purpose | Photo Credit: Reuters The Reserve Bank of India (RBI) on Thursday (January 16, 2025) announced liberalised norms to encourage use of Indian Rupee and local/national currencies to settle cross border transactions. The decision comes at a time when the domestic currency is sliding and touched an all-time low of…
Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s forex reserves dropped by $5.693 billion to $634.585 billion in the week ended January 3, the Reserve Bank of India said on Friday (January 10, 2025). In the previous reporting week, the overall kitty had declined by $4.112 billion to $640.279 billion. The…
In November, a Cabinet Minister reportedly stated at a press conference that the Reserve Bank of India (RBI) should focus on growth and not be concerned with food price inflation. Though the Minister clarified that he was speaking in his personal capacity, it is not in the spirit of things that once the central bank…
Mumbai: The Indian rupee may slip to a lifetime low at open on Friday after the dollar index climbed to the highest in more than two years, building on its rally in the last quarter. The 1-month non-deliverable forward indicated that the rupee will open at 85.80-85.82 to the U.S. dollar, down from 85.7525 in…
As the new year begins, many may wonder about the banking schedule for the first day of January 2025. The Reserve Bank of India (RBI) has announced closures in multiple regional offices to mark New Year’s Day and other regional celebrations. RBI Closures on January 1, 2025 According to the latest holiday list, on January…
The year 2024 is coming to an end. In the new year, several changes will come into effect that will impact the lives of a large number of people. Many are also wondering if banks will remain close on the first day of 2025. The confusion has emerged because Reserve Bank of India (RBI) has…
