Manufacturing to propel India’s journey of Viksit Bharat: PM Modi
Prime Minister Modi expressed, “India is going to be a global player, and India’s private sector is an empowered medium to make India a Viksit Bharat.”
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Digitalisation lowers costs and to boost volume of inward remittances
The Reserve Bank of India (RBI) reports that the global adoption of Unified Payments Interface (UPI) and Central Bank Digital Currencies (CBDCs) can reduce remittance costs, increase volumes, and boost inflows. In 2023, Fintechs offered the lowest average remittance cost…
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Digital tech adoption has improved efficiency of banks, increased competition on sector: RBI RCF Report
Paying light to the banking sector, the Reserve Bank of India in its recent report has said that the adoption has improved the efficiency of banks in India, along with increasing competition. “The adoption of digital technologies has improved the…
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Fake ITC claims detection by central GST officers up 51 pc at Rs 36,374 cr in FY24
Detection of fake input tax credit (ITC) claims by central GST officers rose 51% to Rs 36,374 crore in 2023-24, Parliament was informed. In 2023-24, 9,190 cases were booked, 182 arrests made, and Rs 3,413 crore voluntarily deposited. In 2022-23,…
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New-age D2C brands flex muscle via own sites
Direct E-commerce, or brands selling directly to consumers through their digital platforms, has risen to ten to 15 per cent of India’s online retail market of USD 70 to 75 billion now, from two to three five years ago, according…
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‘Govt debt may ease to 5-year low of 56.8% of GDP in current fiscal’
In absolute terms, the debt, however, will rise to Rs 185.27 lakh crore (budget estimate) in FY25 from Rs 171.78 lakh crore last fiscal, Chaudhary said in a written reply in the Lok Sabha. The data include the Centre’s external…
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