Prime Minister Narendra Modi has welcomed India’s latest economic growth figures, describing them as a strong endorsement of the government’s reform-oriented policies and long-term development strategy. Reacting to the recently released Gross Domestic Product (GDP) data, the Prime Minister emphasized that the country’s journey of “Reform, Perform, and Transform” will continue with renewed momentum. The...
The Reserve Bank of India (RBI) has decided to keep the benchmark repo rate unchanged at 5.25% following the latest meeting of its Monetary Policy Committee (MPC), signaling a cautious approach as policymakers navigate a complex economic environment marked by inflationary pressures, global uncertainties, and currency volatility. The decision, announced after the MPC’s policy review,...
Prime Minister Narendra Modi has reportedly issued a series of critical directives to Union ministers as India prepares to manage the economic and geopolitical consequences emerging from the escalating conflict between the United States and Iran. The government’s response comes amid growing concerns over global energy prices, trade disruptions, inflationary pressure, and the broader impact...
The Indian rupee staged a notable recovery on Wednesday, gaining 41 paise against the U.S. dollar after previously falling to its weakest-ever closing level. The domestic currency settled at 96.45 per dollar, providing temporary relief to financial markets and import-dependent sectors amid ongoing global economic uncertainty and strong demand for the American currency. The rebound...
The Indian rupee weakened sharply in early trading on Wednesday, touching a historic low of 96.90 against the U.S. dollar, reflecting mounting pressure from global economic uncertainties, rising crude oil prices, and sustained foreign capital outflows. The decline in the domestic currency has intensified concerns among investors, traders, and policymakers about the broader implications for...
Senior Congress leader Mallikarjun Kharge launched a sharp attack on the central government over the recent rise in fuel prices, alleging that ordinary citizens are being unfairly burdened while select corporate interests continue to receive preferential treatment. Addressing the issue in a strongly worded statement, Kharge accused the government of “robbing common people” through repeated...
India’s financial services landscape is witnessing a significant strategic investment move as the promoter group of TVS Motor Company prepares to acquire up to a 9.9% stake in Jana Small Finance Bank. The transaction marks a notable diversification and expansion effort by the TVS-linked entities into the banking and financial services ecosystem. The proposed investment...
The political battle over rising fuel prices intensified on Friday after petrol and diesel rates were increased across the country, triggering a sharp exchange between the ruling BJP and the Opposition Congress. The hike came days after Prime Minister Narendra Modi appealed to citizens to reduce fuel consumption and adopt austerity measures in response to...
In a significant policy move aimed at safeguarding foreign exchange reserves and stabilizing the domestic currency, the Government of India has increased the import duty on gold and silver from 6% to 15%. The decision comes against the backdrop of escalating geopolitical tensions in West Asia and mounting pressure on India’s forex reserves. Officials indicated...
Prime Minister Narendra Modi has once again appealed to citizens across the country to adopt responsible economic practices amid rising global instability triggered by the ongoing conflict involving the United States and Iran. Emphasising the need for national preparedness during uncertain times, the Prime Minister called on people to reduce fuel consumption, embrace work-from-home culture...