The Paytm Payments Bank debacle | Explained
Why has the apex banking regulator penalised Paytm Payments Bank Ltd? How is it going to affect the services of the fintech company? What are the concerns regarding money laundering? … Read More
Month: February 2024
We rescued the economy from crisis, says government
Finance Minister Nirmala Sitharaman lays a White Paper on the economy in the Lok Sabha, outlining that the UPA’s 10 years in office created “an inheritance of loss” for the … Read More
CAD for 2023-24, 2024-25 to be eminently manageable: RBI Governor Shasikanta Das
RBI Governor Shasikanta Das said going ahead, the net balance under services and remittances would remain in large surplus, partly offsetting the trade deficit. | The Hindu
RBI pegs FY’25 GDP growth at 7% on improved consumption demand, private capex spends
RBI Governor Das said rural demand in India continues to gather pace, urban consumption remains strong and investment cycle is gaining steam on the back of increased capex. | The … Read More
Panchayats in India earn only one per cent of their revenue through taxes: Data
Most of their revenue comes from the Centre and the States as grants | The Hindu
Argentina’s President weighs next steps after economic reform bill setback
Mr. Milei’s so-called “omnibus” bill, which had already been significantly reworked by lawmakers before the defeat, included provisions to allow for the privatization of state entities and give the president … Read More
India-China bilateral trade hit a new record in 2023: Envoy
At Chinese New Year event, Chinese acting Ambassador hopes for resumption of travel links | The Hindu
With China’s help, Maldives plans to lower dependence on India in tourism, trade and healthcare: Data
The Chinese make up for the minor reduction in Indian tourists in the Maldives following the diplomatic row between New Delhi and Malé | The Hindu