RBI to launch E-Rupee on pilot basis for limited use; issues concept paper
The central bank will also commence pilot launches of e-rupee for specific use cases, it said in a statement. As the extent and scope of such pilot launches expand, the…
IMF warns hiking rates too quickly could trigger prolonged recession; anticipates global loss of 4 trillion dollars economic output
WEB DESK International Monetary Fund has warned that hiking rates too quickly could trigger a prolonged recession. IMF managing director, Kristalina Georgieva has said that the global economic outlook is…
World Bank cuts India’s GDP forecast to 6.5%, but there’s some hopes too
WEB DESK The World Bank on Thursday downgraded India’s GDP or gross domestic product to 6.5% for the fiscal year 2022-23 from an earlier estimate of 7.5%. In the previous…
India emerges as world’s largest producer of sugar
ANDALIB AKHTER With record sugar production in the country, India has emerged as the world’s largest producer, consumer of sugar. The Ministry of Consumer Affairs, Food & Public Distribution stated…
In Saudi Arabia Piyush Goyal discusses trade, commerce and investments linkages
ADITYA RAJ DAS / AMN Indian Minister of Commerce and Industry Piyush Goyal concluded his two-day visit to Saudi Arabia. Mr Goyal had visited the country to attend the Ministerial…
Global crude oil prices fall around two and half percent in intra-day trade
AMN Global crude oil prices today fell around two and half percent in intra-day trade. The crude prices declined pressured by expectations of weaker global demand and U.S. dollar strength…
Asian Market: stock falls as investors fled risk-driven assets ahead of U.S. Federal Reserve meet
AMN Most Asian stock markets today fell as investors fled risk-driven assets ahead of a U.S. Federal Reserve meeting later this week. Trade did not take place in Japan’s NIKKEI-225…
Rupee weakens three paise at Rs 79.77 against US dollar
AMN The rupee today weakened three paise against the US dollar in the forex market. The domestic currency closed at 79 rupees and 77 paise against the American Unit. The…
Tomar for crop diversification to meet increasing demand of food grains
Sudhir Kumar / NEW DELHI Union Agriculture Minister Narendra Singh Tomar has said that the government is committed to ensuring food and nutrition to all. Mr Tomar was addressing the…
Foreign investors pump over Rs 12,900 crore in Indian capital markets in September
WEB DESK Foreign investors pumped more than 12,900 crore rupees in the Indian capital markets in September, so far. According to the depositories data, Foreign Portfolio investors (FPIs) invested 12,084…