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World Bank Reveal India Obtained $83 billion in Remittance in 2020

World Bank Reveal India Obtained $83 billion in Remittance in 2020

India obtained over USD83 billion in remittance which is a drop of just 0.2 per cent from the preceding year even in case of devastating the world economy  due to the pandemic, as per the World Bank report. China received USD...

India Complements 12.1 GW Power Generation Capacity in FY21; Renewable Space Constitutes 64 Percent: Report

India Complements 12.1 GW Power Generation Capacity in FY21; Renewable Space Constitutes 64 Percent: Report

India added 12.1-gigawatt (GW) power generation capacity in 2020-21, of which 7.7 GW was from renewable energy sources, according to a report. India's total power generation also increased by 1.3 per cent in FY21 despite pandemic restrictions,...

RBI amends the KYC norms: Here's what bank customers must know

RBI amends the KYC norms: Here's what bank customers must know

On Monday, the Reserve Bank of India (RBI) has amended its master direction on know-your-customer (KYC) norms to further leverage the video-based customer identification process (V-CIP) and simplified the process of periodic updation of KYC for...

Packaged goods sales up by 9.4 percent in Q4

Packaged goods sales up by 9.4 percent in Q4

India’s fast moving consumer goods (FMCG) segment reported 9.4% year-on-year growth in the March quarter aided by price increases by large companies across edible oils, packaged foods and tea, and demand for packaged foods such as biscuits,...

Passenger vehicle sales fall by 10 percent in April

Passenger vehicle sales fall by 10 percent in April

Passenger vehicle (PV) and two-wheeler sales fell in double digits in the month of April as a sharp rise in Covid-19 cases and lockdowns in several states hit production and delivery of vehicles to dealerships. Sales of cars, SUVs and minivans...

India is Estimated to Grow at 10.1% in 2022, Cautioned Growth Outlook of 2021: UN

India is Estimated to Grow at 10.1% in 2022, Cautioned Growth Outlook of 2021: UN

The United Nations predicted that India's economy would rise at 10.1 percent in 2022, making it the world's fastest growing major economy, but warned that the growth outlook for 2021 was 'highly fragile' because the country...

Creating a Financially Inclusive System in India amid Covid-19

Creating a Financially Inclusive System in India amid Covid-19

As the year 2020 has been more troublesome for people all over the world, low-income and underserved people struggle much to cope up with the economy in India. The challenge of creating a financially inclusive system has never been more...

Indian currency drops by 18 paise to 73.53 against US dollar in early trade

Indian currency drops by 18 paise to 73.53 against US dollar in early trade

The Indian rupee  drops by 18 paise to 73.53 against the US dollar in opening trade on Tuesday tracking weak domestic equities and strong American currency. Forex traders stated agitation over rising Covid-19 cases also influenced...

SEBI Proposes to Bring in 'Person In Control' Concept over 'Promoter'

SEBI Proposes to Bring in 'Person In Control' Concept over 'Promoter'

The Securities and Exchange Board of India (Sebi) has suggested that the concept of promoters be phased out in favor of the concept of "individual in charge". In a consultation paper published Tuesday, it also proposed lowering the...

Second Wave Continues to be Menace as Risks to Financial Organization Climbs up across India: Fitch Ratings

Second Wave Continues to be Menace as Risks to Financial Organization Climbs up across India: Fitch Ratings

The relief measures announced by the RBI to offer some relief to financial institutions in the next 12-24 months, but at the charge of deferring the recognition and resolution of underlying asset quality problems. Risks to India’s...

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