Responsible Reporting Online
India Allows 100% FDI in Space Manufacturing, USISPF Applauds Decision: According to a statement released by the USISPF, the Government of India, in collaboration with the Department of Space, has granted 100 percent FDI in all three sectors of space manufacturing.
India’s Exports to China, UAE, Russia, and Singapore Increased in 2023-24: According to data released by the commerce ministry on Monday, India’s overall exports, including merchandise and services, stood at USD 776.68 billion, maintaining stability compared to the previous year.
IMF Forecasts India as Fastest Growing Economy Among Developing Nations in 2024: The IMF maintained India’s growth rate at 6.5 percent for the year 2025, citing robust domestic demand and a growing working-age population as key factors driving the economy forward.
Uttarakhand Tourism Department Launches Online Registration for Char Dham Yatra: Pilgrims eager to embark on this spiritual journey can now register themselves on the website from April 15 onwards.
India’s Wholesale Inflation Shows Slight Rise in March: Food and Energy Prices Drive Upward Trend: Economists view this slight uptick in wholesale inflation positively, as it typically encourages manufacturers to increase production.
Asian Development Bank (ADB) Forecasts India’s GDP Growth for FY 25 to 7 Pct: ADB has revised its growth forecast for India’s gross domestic product (GDP) for the financial year 2024, projecting it to increase from 6.7 percent to 7 percent. Additionally, the ADB forecasts a growth rate of 7.2 percent for the financial year 2025.
HDFC Bank Expands Reach, Becomes First Private Bank In Lakshadweep: The branch will offer a wide array of services, emphasizing personal banking and digital solutions tailored to the unique requirements of the island’s residents.
Beware of Fake Traders: Pune DCP’s Warning After Major Share Market Fraud Bursts – According to DCP Sandeep Doiphode from the Crime Branch, the investigation was initiated following complaints from residents of Pimpri Chinchwad city who collectively lost Rs. 31 lakh to the fraudsters.
Apple Boosts iPhone Production in India, Reducing Reliance on China: Apple has doubled its iPhone production in India, according to a recent report by Bloomberg. Last financial year, Apple assembled iPhones worth a staggering USD 14 billion in India, marking a substantial increase from previous years.
RBI Monetary Policy: RBI has announced maintaining the repo rate at 6.5% . It projects a GDP growth rate of 7% for the fiscal year 2024-25, with quarterly growth rates varying between 6.9% and 7.1%. Additionally, the central bank anticipates retail inflation to remain stable at 4.5% for the fiscal year.