27/01/2025


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GOLDMINE UPDATE
Never miss a headline with our Weekly News Update!
- Apr 08 ,2024
- by admin
- Goldmine Update
- RBI maintained status quo on the bank rates and kept the repo rate steady at 6.5%. RBI has projected GDP growth rates at 7% for FY25 and inflation target is 4.5%. So, things are looking good as of now. Indian economy can easily grow at 7.5-8% GDP in 24-25. The data does not take into consideration additional activity due to PLI schemes.
- Foreign brokers allowed to operate remotely at the GIFT IFSC.
- UPI transaction cross 100 billion mark in FY24.
- RBI reverts to multiple price auctions for government securities after 3 years.
- Russian, Venezuelan flows stronger as cheaper crude evades US sanctions.
- India’s defence exports jumped to 21000 crores in 23-24, a jump of about 32.5%.
- Nitin Gadkari’s dream is to rid India of the diesel petrol vehicles in the longer time frame so that import bill gets drastically cut.
- IOC has signed a binding agreement with Panasonic to manufacture Lithium Ion batteries in India.
- India’s March oil imports from Russia up by about 7%. India is deploying a proactive approach in oil procuring.
- Ultratech Cement to invest Rs 32400 crores in the next three years.
- Tesla India EV plans gain momentum. Company to scout for factory sites soon.
- Voda Idea will raise Rs 20000 crores via rights issue or so.
- US takes crucial steps to cut tourist visa waits.
- Blackstone to invest $2 billion yearly in India.
- India has given over $1 billion to the private firms under PLI scheme.
- Tesla begins making cars in Germany for exports to India this year.
- RBI delays implementing rules on exchange traded derivatives till May 3.