by OverviewFX | Dec 31, 2024 | Industry
India’s fiscal deficit for the first eight months of this fiscal year through November stood at 8.47 lakh crore rupees, or 52.5% of annual estimates, government data showed today.The fiscal deficit widened from 50.7% reported in the comparable year-earlier...
by OverviewFX | Dec 31, 2024 | Industry
The Reserve Bank of India (RBI) has raised concerns over the potential negative impacts of widespread crypto asset usage, including stablecoins, on macroeconomic and financial stability, according to its latest Financial Stability Report (FSR).The central bank noted...
by OverviewFX | Dec 31, 2024 | Industry
NEW DELHI: India’s economic growth remained resilient in 2024, with projections reflecting a strong trajectory despite global challenges. The finance ministry estimates a 6.5% GDP growth rate for the fiscal year 2024-25, while the World Bank’s India...
by OverviewFX | Dec 31, 2024 | Industry
IBBI’s (Insolvency & Bankruptcy Board of India) latest data shows that Corporate Insolvency Resolution Process (CIRP), a key mechanism under the IBC, has handled 8,002 cases, of which 1,068 concluded with approved resolution plans, as of September 2024.These plans...
by OverviewFX | Dec 31, 2024 | Industry
New Delhi, Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue. Also aiding the run...
by OverviewFX | Dec 31, 2024 | Industry
New Delhi [India], December 31 (ANI): The World Bank in its latest report has recognized India’s increasing digital capital as a significant driver of entrepreneurship, business income, and social mobility, especially benefiting small-scale vendors and...
