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Economy
India’s forex reserves at historic high of $675 billion: RBI chief
Mumbai: India's foreign exchange reserves reached a historical high of $ 675 billion, as of August 2, as overall, India's external sector remains resilient with key indicators continuing to improve, RBI Governor Shaktikanta Das said on!-->…
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Indian hospital industry’s financial profile to remain healthy in FY25: Report
New Delhi: Backed by sustained healthy demand for healthcare services and continued market share gains for organised players, the aggregate occupancy for the Indian hospital industry will remain strong at 61-63 per cent in the financial!-->…
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FPIs invested over Rs 11,000 crore in IT sector last month: NSDL
New Delhi: Foreign Portfolio Investors (FPIs) invested Rs11,763 crore ($1.40 billion) in July, according to NSDL data.
It is the highest investment since April 2022 when a new sectoral classification was implemented in the market by!-->…
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India’s financial sector gaining strength from macroeconomic stability: RBI chief
Mumbai: RBI Governor Shaktikanta Das said on Thursday that the Indian financial system remains resilient and is gaining strength from broader macroeconomic stability.
He pointed out that the banking sector’s well-capitalised and!-->…
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RBI creating public repository of digital lending apps to curb scams
Mumbai: To address the problems arising from unauthorised digital lending apps (DLAs), the Reserve Bank proposes to create a public repository of DLAs deployed by its regulated entities to help consumers verify a digital lender, RBI!-->…
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RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh
Mumbai: The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction, RBI Governor Shaktikanta Das announced on Thursday.
“UPI has become the most preferred mode of payment,!-->…
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B’desh unrest a $250 mn monthly readymade garment export opportunity for India: Report
New Delhi: If the political unrest prolong in Bangladesh, nearly 10 per cent of the neighbouring country’s readymade garment (RMG) export orders could shift, presenting a $200-250 million monthly export opportunity for India’s RMG sector!-->…
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Frequency of reporting credit info to CICs being cut to 15 days or less: RBI chief
Mumbai: The RBI proposes to increase the frequency of reporting of credit information to credit information companies (CICs) to a fortnightly basis or at shorter intervals, the central bank’s Governor Shanktikanta Das said on Thursday.!-->…
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Clearing time for cheques to be cut from 2 days to a few hours: RBI chief
Mumbai: The RBI aims to reduce the clearing time required for bank cheques to a few hours as part of a major step to facilitate the ease of doing business in the country, RBI Governor Shaktikanta Das said on Thursday.
At present, cheque!-->…
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RBI forecasts 7.2 pc GDP growth on back of rising urban, rural demand
New Delhi: India’s domestic economic activity continues to sustain its momentum on the strength of investment demand, steady urban consumption and rising rural consumption, RBI Governor Shaktikanta Das said on Thursday.
Taking all the!-->…
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