Category : Business and economicsPublished on: December 15 2024
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RBI keeps repo rate at 6.50% but cuts CRR to 4%, lowers growth forecast to 6.6%, and raises retail inflation forecast to 4.8%.
SBI Card achieves a significant milestone with over 20 million credit cards now in circulation.
RBI will enable small finance banks to offer credit lines through the UPI platform.
India's FDI inflows have surpassed $1 trillion from April 2000 to September 2024, with major investors being Mauritius, Singapore, and the US, and key sectors including services, software, telecommunications, and manufacturing.
India plans to acquire a $4 billion wall-like radar system to counter Chinese threats from 6,000 km away.
Ajay Seth assumes additional charge as Revenue Secretary, succeeding Sanjay Malhotra, who has been appointed as the 26th Governor of the Reserve Bank of India.
