The Reserve Bank of India has introduced new rules for the money changing sector, emphasizing banking principles and setting a ₹10 crore annual turnover threshold for authorized dealers. The central bank is tightening oversight by shifting responsibility to principal authorized…
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India may need central bank support to attract dollar investments, potentially through forex deposit schemes, to cover exchange risks and offer competitive yields. Economists suggest higher subsidies from the RBI might be necessary to make such initiatives attractive for banks,…
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India Inc faces an uncertain FY27 as sustained West Asia conflict keeps crude prices above $100, materially increasing risks. While Q4 FY26 impact was limited for most companies, prolonged high crude threatens profitability across sectors due to demand softness and…
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AI giants are making a big splash in India. ChatGPT and Google Gemini are using TV and billboards to show how AI can solve everyday problems. They aim to make AI a daily habit for millions. This strategy is about…
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The Asian Development Bank advised Asian economies to avoid broad fuel subsidies and excise duty cuts, warning they could strain public finances amid elevated crude oil prices. The lender suggested targeted cash transfers for vulnerable populations and a shift to…
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India and Vietnam are looking to ramp up bilateral trade to $25 billion by 2030, Prime Minister Narendra Modi said Wednesday, following talks with President To Lam in New Delhi. “Bilateral trade between India and Vietnam has doubled in the…
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