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New Delhi: India has emerged as the global leader in fast payments, as UPI processed over Rs 24.03 lakh crore in payments through 18.39 billion transactions in June, according to a note by the International Monetary Fund (IMF) on Sunday. In June last year, 13.88 billion UPI transactions were done while 18.39 billion in the…
Mumbai: India’s foreign exchange reserves fell by USD 3.06 billion to USD 696.67 billion for the week ending July 11, marking the second consecutive week of decline, according to official data released by the Reserve Bank of India (RBI). In the previous reporting week ending July 4, the country’s forex reserves had slipped by USD…
New Delhi: China’s heavy dependence on manufacturing is increasingly seen as a key vulnerability that could trap its economy at the middle-income level, and this risk is now being compounded by a deepening deflationary crisis. For decades, manufacturing powered China’s rapid growth, lifting millions out of poverty and turning the country into the world’s factory….
New Delhi: The business valuation of the Indian Premier League (IPL) has surged to an unprecedented USD 18.5 billion, marking a 12.9 per cent increase over the past year. According to the latest analysis by Houlihan Lokey, this amounts to ₹1.56 lakh crore in Indian currency. The growth underscores the IPL’s status as one of…
Last Updated:July 11, 2025, 05:46 is A committee member noted that while many fake Rs 500 notes had been recently seized, the proportion remains small compared to the total in circulation The RBI Governor reassured lawmakers that the economy remains robust and is performing well despite global challenges. Representational image Reserve Bank of India Governor…
Prime Minister Narendra Modi on Thursday said that over the past decade, India has seen a major transformation across the spectrum, and on the foundations of stable polity and good governance, the country will soon be the world’s third-largest economy. During his historic Parliament address here, PM Modi said India already contributes nearly 16 per…
New Delhi: Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Thursday that despite being the fastest-growing major economy in the world, India is one of the first countries to complete the Paris commitments on green energy ahead of schedule. He highlighted that during the G7 outreach session on energy security in Canada,…
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Last Updated:June 07, 2025, 00:07 is Only 75.24 million people were living in extreme poverty in India during 2022-23, a drastic reduction from 344.47 million in 2011-12, according to the data The World Bank’s assessment, based on the $3.00 per day international poverty line (using 2021 prices), shows a broad-based reduction across both rural and…
Government think tank NITI Aayog has invited expression of interest for preparation of the India Innovation Index 2025, with an aim to encourage states to improve their innovation environment. In a notice, Niti Aayog said innovation has always been a driver of change and progress in an economy, as it disrupts traditional practices, encourages new…