According to data from the Centre for Monitoring Indian Economy (CMIE), India’s unemployment rate reached 8.30% in December, the highest level in 16 months. This marks an increase...
The Reserve Bank of India (RBI) has launched Utkarsh 2.0, the second phase of its medium-term strategy for strengthening regulatory and supervisory mechanisms. Utkarsh 2.0 builds upon the...
The Department for Promotion of Industry and Internal Trade (DPIIT) in India is currently working on a new industrial policy that aims to increase financing options for industry...
India’s Unified Payments Interface (UPI) processed a record 7.82 billion transactions in December, worth a total of INR 12.82tn ($174.6bn). This represents an increase of 7.12% in volume...
The Supreme Court of India has upheld the 2016 decision of the Narendra Modi government to demonetize currency notes of INR 500 and INR 1,000 denominations. The decision,...
On the 30th of December 2016, the Prime Minister of India, Narendra Modi, launched the Bharat Interface for Money (BHIM) payment app. Six years later, BHIM is still...
Stock exchanges have been directed by the Securities and Exchanges Board of India (SEBI) to set up an Investor Risk Reduction Access (IRRA) platform. With the growing reliance...
The 14 km-long Angul-Balram rail link was inaugurated recently. About Angul-Balram rail link The Angul-Balram rail link was constructed by the Mahanadi Coal Railway Limited (MCRL). It was...
The Union Labour Ministry is currently mulling to shift from the “minimum wages” to “living wages” in a bid to bring more people from poverty in the country....
The International Monetary Fund (IMF), in its World Economic Outlook, slashed its FY23 growth forecast for India from its July projection of 7.4 percent to 6.8 percent. What...
