Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that India's growth in the ongoing financial year ending March could be 'very close' to 8 per cent. "I would not hesitate to say that India's GDP growth in FY24 will exceed 7.6 per cent, it might be closer to 8 per cent," he said ...

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Indian Economy News MoU signed with Greek bank to facilitate remittances to India using UPI  IBEF  March 1, 2024 NPCI International Payments Limited (NIPL), a subsidiary of the National Payments Corporation of India (NPCI), has entered into a Memorandum of Understanding (MoU) with Eurobank, a leading Greek bank, to enhance cross-border payments through the Unified Payments Interface ...

Four semiconductor projects approved under the Rs 76,000 crore ($10 billion) capex linked incentive scheme of the government will help drive up electronics manufacturing from $105 billion currently to $300 billion in the next few years, Union Minister Ashwini Vaishnaw said on February 28. The Union Cabinet approved three projects under the scheme today worth Rs 1.26 lakh ...

The BRICS New Development Bank (NDB), established as a partial alternative to the World Bank, has approved over 90 projects worth US$32 billion to support members' infrastructure. Economic cooperation was also discussed at the 14th BRICS summit in June 2022. Paying attention to providing a better interfacing in handling global crises, forming a multipolar economic strategy, ...