India forex reserves August 2025 rise by $1.48 billion to $695.10 billion, driven by foreign currency assets and gold reserves. Key update for UPSC, banking, SSC, and defence exam aspirants. India’s Forex Reserves Rise by $1.48 Billion to $695.10 Billion in Mid-August 2025 Strong Growth in India’s Forex Reserves India’s foreign exchange (forex) reserves increased…
Drop in India’s Foreign Exchange Reserves to $688.26 Billion India’s foreign exchange reserves have witnessed a notable decline, now standing at $688.26 billion as of October 20, 2023. This decrease, amounting to $4.84 billion, is a significant concern for the Indian economy, as these reserves play a crucial role in maintaining the country’s financial stability…
India’s Foreign Exchange Reserves Reach Record High India’s foreign exchange reserves have recently hit a record high, showcasing the resilience and strength of the nation’s economy. The Reserve Bank of India (RBI) reported that the country’s forex reserves surged to a remarkable $642.453 billion in the week ending March 25, 2024. This achievement marks a…
List of RBI Governors of India (1935 to 2023): Roles and Functions Introduction to the RBI Governors The Reserve Bank of India (RBI) is one of the most crucial financial institutions in the country. Established in 1935, the RBI is responsible for managing India’s monetary policy, controlling inflation, and fostering economic growth. The head of…
RBI’s Diwali Plan: Transporting 102 Tonnes of Currency from England As the festive season approaches in India, the Reserve Bank of India (RBI) has initiated a significant logistical operation to ensure adequate currency supply during Diwali. The central bank plans to transport 102 tonnes of new banknotes from England to meet the anticipated demand during…
Global Public Debt Set to Exceed $100 Trillion, Warns IMF Introduction to the Concern The International Monetary Fund (IMF) has issued a stark warning that global public debt is projected to surpass a staggering $100 trillion in the coming years. This alarming figure highlights the growing financial challenges faced by nations worldwide as they navigate…
RBI Monetary Policy Committee Reshuffling: A Comprehensive Analysis Introduction to the Reshuffle The Reserve Bank of India (RBI) recently underwent a significant reshuffling of its Monetary Policy Committee (MPC), which has sparked widespread discussions among economists, policymakers, and market participants. This reshuffle aims to enhance the efficacy of the committee in formulating and implementing monetary…
India’s Foreign Kitty Reaches All-Time High at $689.24 Billion Introduction: India’s foreign exchange reserves, often termed as the “foreign kitty,” have reached a fresh record high of $689.24 billion. This remarkable achievement is being hailed as a significant milestone in India’s financial growth, providing a buffer against economic uncertainties and fostering stability in the country’s…
India and UAE Strengthen Audit Cooperation Strengthening Bilateral Audit Cooperation India and the United Arab Emirates (UAE) have recently taken significant steps to enhance their cooperation in the field of audit and financial management. This strategic partnership aims to bolster transparency, improve financial oversight, and foster a more robust economic relationship between the two countries….
Central Board of Indirect Taxes and Customs (CBIC): Overview, Establishment, Missions, and Functions Introduction to CBIC The Central Board of Indirect Taxes and Customs (CBIC) is a crucial institution in India responsible for administering indirect taxes, including Customs duties and Goods and Services Tax (GST). Established under the Central Board of Revenue Act, 1963, CBIC…
