September 10, 2023 03:11 PM ISTThe RBI launched the pilot for its wholesale central bank digital currency in November. While there have been few transactions, RBI executive director Ajay Choudhary says the use cases are being tested in silos deliberately
September 09, 2023 06:58 PM IST G20 Leaders' Summit: The New Delhi Leaders' Declaration has stressed the importance of the grain transport agreement to meeting the demand of developing and least developed countries, particularly those in Africa
September 09, 2023 03:14 PM IST So far, non-resident Indians living in Oman, Kuwait, Bahrain and the United Arab Emirates have been able to pay bills on behalf of their family members in India through the Bharat Bill Payment System
September 08, 2023 05:12 PM IST A new staff report from the New York Fed makes an old argument for centrally managed capital, but its predictions will rarely hold up in the real world
September 08, 2023 05:45 PM IST G20 2023 summit: There is intense speculation about India's ability to bring together the G20 members and issue a joint statement when the world order is deeply divided over Russia's invasion of Ukraine
September 08, 2023 04:01 PM IST As countries like India carve out even larger roles in energy transition dialogue, it is essential for the Global North to partner with the Global South to decarbonise the economy at a global level
September 08, 2023 02:53 PM IST Gold hallmarking is a purity certification of the precious metal and was voluntary in nature till June 16, 2021, when the government decided to implement mandatory gold hallmarking in a phased manner.
September 08, 2023 02:41 PM IST In this edition of Moneycontrol Pro Panorama: China's dam in Tibet proves costly for India, cries about AI safety gains momentum, can IT sector continue the good times, is RBI privatisation next on cards, and more
September 08, 2023 02:37 PM IST All things considered, India has navigated a tumultuous landscape to charter a successful G20 presidency. India strived hard to ensure the Ukrainian crisis and climate finance didn’t disrupt deliberations between the world’s biggest economies, prioritised Global South viewpoints, and even managed a host of “soft” financial outcomes
September 08, 2023 01:11 PM IST Markets need to recognise that the country is not reverting to its old economic and financial playbook
September 08, 2023 04:44 PM IST It is no far-fetched dream to see India living in a golden era once again. The roadmap to the Bharat of our dreams is clear and achievable, writes Vedanta Group chairman Anil Agarwal
September 08, 2023 12:59 PM IST Earlier this week, Reuters reported that the RBI has been intervening in non-deliverable forwards and the onshore over-the-counter (OTC) market to keep the rupee from breaching its record low of 83.29 against the U.S. dollar.
September 08, 2023 11:43 AM IST India has the satisfaction of imbuing G20 with purpose and direction through the wide focus on developmental issues and providing a forum for inclusive political dialogue. A joint statement by the leaders would have been a fitting culmination, but the conflicting views of the West and Russia-China on the war in Ukraine stands in the way
September 08, 2023 10:51 AM IST Referring to the space sector, Shetty said India already has 200 startups and can attract investments of USD 100 billion by 2040.
September 08, 2023 08:54 PM IST The statistics ministry will release the Consumer Price Index data for August and industrial production data for July at 5:30 pm on September 12, with the latter expected to have increased by 5% compared to July 2022
September 08, 2023 09:15 AM IST China is unilaterally proceeding with its project to dam the source of the Brahmaputra despite clear rules for the sharing of international river waters
September 08, 2023 06:46 AM IST Erratic monsoon rains have ruined some crops of staple food items, prompting the government to subsidise vegetable prices and ban exports of some cereals, providing temporary relief to households.
September 07, 2023 03:41 PM IST In the lead up to the general elections, the government has prioritised macro stability with a focus on inflation, as opposed to a spend-and-grow approach. After the elections, the new government may aim to return GDP growth to levels last seen in the 2000s without losing macro stability, Barclay's said.
September 07, 2023 07:49 PM IST As India diversifies its economic portfolio, B2B manufacturing startups that leverage tech will not only organise but also align a fragmented sector of suppliers with the demand side. These companies will create trust and solve the incentive gap by fostering transparency. Fueling the growth of such startups is critical for Aatmanirbhar Bharat
September 07, 2023 02:58 PM IST In this edition of Moneycontrol Pro Panorama: India bats for inclusive global growth, renewables spending set to leapfrog, fossil fuel subsidies causing more harm, India's stake in Maldives presidential poll outcome, and more
September 07, 2023 02:12 PM IST This apparently had led to differences between RBI and the government, which even contemplated invoking never-used Section 7 of the Reserve Bank of India Act to issue directions to the central bank.
September 07, 2023 12:14 PM IST The world’s most populous country has eye-catching targets for hydrogen, solar and biofuels, and can point to some dramatic progress on renewables. India has installed 71 gigawatts of solar from a negligible amount a decade ago, including a record deployment of utility-scale capacity last year.
September 07, 2023 11:19 AM IST Ramesh Chand also observed that many Western countries are shifting from agrochemicals to biopesticides and the Indian industry needs to pay attention to this aspect.
September 07, 2023 09:16 AM IST These pernicious forms of subsidies not only divert public and private funds from other useful economic activities, but also harm the environment
September 06, 2023 10:01 PM IST The PM's comments have been welcomed by renewable energy industry leaders and experts with Sumant Sinha, Founder, Chairman & CEO, ReNew saying that the Prime Minister has rightly called for a global shift in climate strategy.
