https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1.jpgIndiaThe Reserve Bank of India with the concurrence of the Government of India has decided to put in place a revised framework on currency swap arrangement for SAARC countries for the period 2024 to 2027. Under this framework, the RBI would enter into ...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaReserve Bank Governor Shaktikanta Das on Thursday called upon all stakeholders in the Indian financial ecosystem to assign highest priority to modernisation as it prepares to go more global and to strong governance amidst vigilance over emerging r...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaReforms, inflation-targeting and job creation were some of the key recommendations that figured prominently in Finance Minister Nirmala Sitharaman’s first pre-Budget consultations with leading economists in connection with the forthcoming General ...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaIndustrial output in India measured by the Index of Industrial Production (IIP) expanded 5.0 per cent year on year for the month of April 2024, over the corresponding period of previous year, pushed by mining, manufacturing and electricity. “The I...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaEven as a slew of projections indicate moderation in India’s GDP growth in the range of 6.3 per cent in the fourth quarter ended 31 March, 2024, from 8.4 per cent recorded in the third quarter this fiscal, ICRA has projected the year-on-year (YoY)...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaIndian households have been borrowing at a faster pace than they have been saving since the Covid-19 pandemic as a result of which ‘net’ household financial savings — gross financial savings adjusted for liabilities — have fallen. Hous...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaAmid favourable market sentiment driven by stable fuel prices, positive monsoon outlook, festive demand and the marriage season, the Indian auto retail sector achieved a robust 27 per cent year-on-year growth in April 2024, even as the industry re...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaThe introduction of higher import duties and the Quality Control Order (QCO) has significantly impacted the toy trade in India with imports falling drastically from USD 304.1 million in FY2019 to USD 64.9 million in FY2024. Decisive steps — ...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaUnderscoring the robust health of the Indian economy, gross Goods and Services Tax (GST) collections hit a record high in April 2024 at Rs 2.10 lakh crore, representing a significant 12.4 per cent year-on-year growth. The surge was driven by a str...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaThe first quarter of 2024 witnessed a decent increase in new housing launches across the top 7 cities in India, according to a report by Anarock, a leading real estate services company. A total of approx. 1,10,900 residential units were launched, ...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaThe Spices Board of India is taking proactive steps to ensure the safety and quality of Indian spices meant for exports following reports on recall of a few products of two Indian spice brands in Singapore and Hong Kong due to concerns of potentia...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaAdani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has acquired Gopalpur Port in Odisha for INR 3,080 crore aimed at driving synergy with APSEZ existing ports and strengthening APSEZ’s presence on the E...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaIndia’s financial system regulator, Reserve Bank of India (RBI), is demonstrating a serious commitment to improving governance and transparency at finance companies and banks, with the RBI’s recent measures aimed at curtailing lenders’ over-exuber...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaIndicating a slowing growth ahead, India’s industrial growth, as measured by the Index of Industrial Production, declined to 2.4 per cent in November 2023, shows the data released by the Ministry of Statistics and Programme Implementation. Meanwhi...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaIndia and UAE are ambitiously charting a course to expand bilateral trade to USD 100 billion and both the countries are looking for newer propositions from industry and business to further enhance their partnership. While bilateral trade has incre...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaReeling under the impact of a global slowdown, India’s merchandise exports dropped by 2.83 per cent to USD 33.90 billion in November 2023, compared to USD 34.89 billion a year ago. Imports also slipped to USD 54.48 billion in the month under consi...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaWith the time period for the current FAME II scheme nearing completion in March 2024, industry has called for the continuation of the scheme for the next five years for enabling upfront near price-parity for EVs vis a vis ICE vehicle, and to help ...https://latest.thedailyguardian.com/india/rbi-revises-currency-swap-framework-with-saarc/June 28, 2024, 1:00 amhttps://latest.thedailyguardian.com/wp-content/uploads/2024/06/RBI-1-300x169.jpgIndiaSurpassing expectations and Reserve Bank of India projections, India’s GDP in the July- September quarter of 2023 (Q2 FY24) registered a robust growth of 7.6 per cent year-on-year, led by a double digit surge in manufacturing sector — despit...