Delhi government's finance minister Atishi presented the Budget for the financial year 2024-25 in the state assembly on Monday, with an outlay of ₹76,000 crore. In her Budget speech, she made a slew of announcements for the welfare of the people of Delhi.
6 Mar 2024India's Reserve Bank's move to allow international trade in Indian rupees aimed to cut the oil import bill and boost rupee adoption. It's shown progress in trade with Nepal, Bhutan, and Russia, with 34 Russian banks approved for Special Rupee Vostro Accounts. Importers pay in rupees, while exporters receive rupees via correspondent banks.
25 Aug 2023Discover how India aims to increase the use of the rupee for cross-border transactions with an RBI-appointed panel's roadmap. Learn how this move can benefit India's exporters, importers, and economy by reducing transaction costs, limiting exchange rate risks, and accessing global financial markets. Explore challenges and recommendations to internationalize the rupee, potentially transforming India's position in the global financial landscape. Stay tuned for insights into the future of India's currency on the world stage.
21 Jul 2023India’s de-dollarization efforts are gaining momentum. In 2023, first, Bangladesh, then UAE, and now Indonesia will trade with India using local currencies. Other than that, 18 countries have been allowed by the RBI to use the rupee as a primary currency. In less than 48 hours of signing a memorandum of understanding with the UAE for Rupee-dirham trade India has inked a deal with Indonesia to trade in local currencies.
18 Jul 2023The Reserve Bank of India (RBI) announced the withdrawal of ₹2,000 banknotes from circulation, providing a deadline for deposit or exchange. In this video, we delve into the reasons behind this move, the impact on liquidity, and the response from the public. Explore the decline in circulation, the reconciliation of deposited and exchanged notes, and updates on the deadline extension. Learn how RBI aims to minimize inconvenience for individuals both in India and abroad.
14 Jun 2023Discover the factors behind the recent stellar rally in shares of Adani Group companies, resulting in a substantial increase in market capitalization. We explore the clean chit received by the Adani Group from a Supreme Court panel, absolving them of regulatory failure allegations. Additionally, we highlight the significant role played by Gqg Partners, a major investor led by veteran Rajiv Jain, who not only raised their stake by 10% but also invested a staggering ₹15,446 crore.
30 May 2023Have you heard the latest buzz in India's financial landscape? From May 23 to September 30, 2023, the Reserve Bank of India (RBI) is providing a unique opportunity for individuals to deposit or exchange their ₹2000 banknotes.
26 May 2023Join us as we delve into the recent decision by India to withdraw its highest currency note, the ₹2000 rupee, from active circulation. In this video, we explore the gradual approach taken by the government and the implications of this move on the Indian economy.Discover why Chidambaram refers to the introduction of the ₹2000 note as a foolish move and his thoughts on the government's objective of rooting out black money. Explore the implications of this decision on the Indian banking system and the potential reintroduction of the ₹1000 note.
23 May 2023The Indian government released the Foreign Trade Policy (FTP) 2023 last week. The policy aims to increase India's merchandise and services exports to USD 2 trillion by 2030. The new foreign-based policy proposes to shift from an incentives-based regime to a remission and entitlement-based one to achieve the ambitious target.
3 Apr 2023According to the stats and prior experience, it is difficult to boost exports with a weaker currency. One US dollar has been worth more than 80 Indian rupees for over a month. The value of the rupee has more than halved since early 2008. Would a depreciation of the rupee boost exports and bolster India's economic development during the impending global slowdown? #rupee #currency #economicdevelopment #globalinflation #economy #finance #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze
9 Jan 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared