admin

Women’s cash transfer schemes have become one of the defining features of state elections over the past four years. Since 2022, the number of states offering monthly financial assistance to women has grown from two to 14, with a combined annual outlay of ₹1.68 trillion, or around 0.5 per cent of India’s GDP. Many of

India’s central bank has used roughly $100 billion from its foreign exchange reserves this year to defend the rupee, marking the highest annual intervention on record. The Reserve Bank of India sold dollars from its reserves in an effort to prevent the Indian currency from weakening too sharply against the US dollar. When a currency

Seventeen major banks are now testing a new blockchain-based payment system created by Swift, the global organisation that processes most international bank transfers. The pilot includes HSBC, Citibank, DBS, and other significant financial institutions from around the world, according to Business Standard. The system will allow these banks to send money across borders at any

India’s petrol prices rank among the world’s cheapest, and Oil Minister Hardeep Singh Puri recently spelled out exactly how the country maintains this affordability despite global crude oil costs being high. The explanation reveals a deliberate strategy built on multiple pillars that work together to keep fuel accessible for ordinary Indians. India’s first advantage is