The Reserve Bank of India (RBI) has announced an interest rate of 8.34% for the Government of India (GOI) Floating Rate Bond (FRB) 2033. This announcement is crucial for investors and policymakers, as it reflects current economic conditions and market trends. Floating Rate Bonds (FRBs) are debt instruments with variable interest rates, making them attractive…
Remittances from the U.S. and U.K. Overtake Gulf Nations The latest Reserve Bank of India (RBI) bulletin has revealed a significant shift in remittance patterns. The U.S. and U.K. have now become the top sources of remittances to India, surpassing the Gulf nations, which have historically dominated this sector. This development highlights changing economic and…
India has gained global recognition as the “Pharmacy of the World” due to its significant role in manufacturing and supplying affordable medicines to various countries. With a strong pharmaceutical industry, India plays a crucial role in ensuring global access to essential medicines, especially for developing nations. India’s Contribution to the Global Pharmaceutical Industry India is…
India has imposed anti-dumping duties on five Chinese products to curb unfair trade practices and protect domestic industries. The decision was made after thorough investigations by the Directorate General of Trade Remedies (DGTR), which found that these imports were harming Indian manufacturers. The move aligns with India’s broader strategy to safeguard local businesses from unfair…
The Indian Premier League (IPL) 2025 is set to be one of the most exciting cricket tournaments of the year, with top franchises competing for the coveted trophy. The Board of Control for Cricket in India (BCCI) has officially announced the IPL 2025 schedule, featuring thrilling matches across multiple venues in India. This year’s tournament…
The Chinese Grand Prix 2024 witnessed an outstanding performance from McLaren, with Oscar Piastri clinching a remarkable victory. McLaren secured a one-two finish, solidifying their position as a dominant force in Formula 1. This victory is a significant milestone for both Piastri and McLaren, as it highlights their competitive edge in the 2024 Formula 1…
Public sector banks (PSBs) in India have recorded a significant 33% increase in dividend payouts for the fiscal year 2023-24 (FY24). This surge in dividends indicates strong financial performance and stability in the banking sector. The higher payouts reflect improved profitability, asset quality, and capital adequacy among PSBs, aligning with the government’s broader financial sector…
India has achieved a significant milestone with the certification of Eri silk, marking its recognition on the global stage. Eri silk, known for its unique texture and sustainability, is primarily produced in the northeastern states of India, particularly in Assam and Meghalaya. This certification will help boost the export potential of Eri silk, promoting traditional…
Introduction Project PARI (Public Art for Resilient and Inclusive Spaces) is an innovative initiative aimed at revitalizing public spaces through the power of art. Launched to enhance urban aesthetics and cultural expression, the project seeks to promote community engagement, inclusivity, and sustainability by transforming neglected urban areas into vibrant, artistic spaces. Transforming Public Spaces with…
In a significant milestone for India’s floriculture industry, Mizoram has successfully exported its first-ever consignment of Anthurium flowers to Singapore. This marks an important step in India’s efforts to boost floriculture exports and promote the northeastern region’s agricultural potential on the global stage. Successful Export of Anthurium Flowers Mizoram, known for its lush greenery and…
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