Economy National
The Reserve Bank of India’s currency-printing subsidiary has invited global expressions of interest for polymer material suitable for Indian banknotes, taking an initial step towards testing more durable currency notes. RBI Arm Seeks Polymer Banknote Material Bharatiya Reserve Bank Note Mudran Private Limited has sought manufacturers capable of producing and supplying
Economy National
The Reserve Bank of India will conduct an auction of government bonds worth ₹32,000 crore on July 10 as part of the Centre’s market borrowing programme. RBI Government Bond Auction On July 10 The auction will include dated Government of India securities with settlement scheduled for July 13. The borrowing will be raised through the […]
Economy National
India’s foreign exchange reserves fell sharply in the week ended June 26, mainly due to a decline in the value of gold reserves, while foreign currency assets saw only a marginal fall. India Forex Reserves Fall To $666.93 Billion India’s foreign exchange reserves declined by $5.654 billion to $666.933 billion for the week ended June […]
Economy National
India has set a $1 trillion export target for FY27, with the government expecting strong growth in both merchandise and services exports during the current financial year. India $1 Trillion Export Target For FY27 Commerce and Industry Minister Piyush Goyal said India is on track to reach the $1 trillion export milestone in FY27, supported […]
Economy National
India’s gross GST collections rose sharply in June, touching ₹1.95 lakh crore and recording the fastest annual growth in 13 months. The increase was largely driven by a strong rise in tax collections from imports. India GST Collections Rise In June Gross Goods and Services Tax collections grew 13.9% year-on-year to ₹1,94,812 crore in June […]
Economy National
Gold demand in India has fallen sharply after the recent import duty hike, with buyers staying cautious despite a correction in prices. Industry estimates suggest many households are choosing to sell old jewellery instead of making fresh purchases. India Gold Demand Drops After Duty Hike Gold demand in the Indian market has dropped by more […]
Economy National
India’s economy is expected to grow between 6.6% and 6.8% in FY27, supported by resilient domestic demand, easing global energy prices and improving supply conditions, according to EY Economy Watch. The outlook suggests India could remain among the faster-growing major economies despite external risks. India GDP Growth Forecast FY27 EY has projected India’s real GDP […]