Truecaller now allows users to verify their identity using UPI-based verification, which provides a layer of trust and authenticity to digital communication. The Verified Badge is a new feature for Premium Android users in India that will soon expand to iPhone users. The Verified Badge service responds to the growing demand for a more transparent…
October 11, 2024October 11, 2024 Prime Minister Narendra Modi, at the 21st Association of Southeast Asian Nations (ASEAN) and India Summit in Vientiane, Laos, on Thursday, announced a 10-point plan while underlining the utmost importance of dialogue and cooperation between India and ASEAN at a…
October 9, 2024October 9, 2024 The first Production-Linked Incentive (PLI) scheme for drones, introduced in 2021, with an outlay of Rs 120 crore for three financial years starting from 2021-22, has ended, and the government of India (GOI) plans to develop a new and more effective PLI scheme for…
The Indian Rupee trades flat in Wednesday’s early European session. RBI’s MPC decided to keep the repo rate unchanged at 6.5% in its October meeting on Wednesday. Lower crude oil prices and potential RBI’s foreign exchange intervention might underpin the INR. Investors await the FOMC Minutes, which is due on Wednesday. The Indian Rupee (INR) trades on…
October 4, 2024October 4, 2024 India is facing some challenges, including geopolitical ones and the emerging artificial intelligence (AI) that might pose a threat to its prosperity despite the country’s credible economic performance. Union Finance Minister Nirmala Sitharaman said, “India must develop domestic capacity as it seeks to double…
Earlier this week, China introduced significant policy measures, including a 20bp OMO rate cut, a 30bp MLF rate cut, and adjustments to the prime loan rates. Deposit rates will decrease by 20-25bp, and a 50bp RRR cut will inject around RMB 1 trillion in liquidity, with further cuts possible. The PBOC will also reduce mortgage…
September 27, 2024September 27, 2024 On Thursday, September 26, Prime Minister Narendra Modi unveiled three PARAM Rudra supercomputers. These supercomputers, created domestically as part of the National Supercomputing Mission, signify a significant advancement in the country’s weather and climate research capabilities. Speaking via video conference to scientists and others,…
September 27, 2024September 27, 2024 The minimum wage rates were last adjusted in April 2024. The Ministry of Labour & Employment stated that the upcoming revision aims to support further workers in unorganised sectors such as building construction, loading and unloading, housekeeping, and agriculture in central establishments. In a…
India has surpassed Japan to claim the third spot in the Asia Power Index, marking a significant shift in the Asia-Pacific’s geopolitical landscape. Launched by the Lowy Institute, the Index evaluates 27 countries using eight core measures. India saw a 4.2-point increase in economic capability, powered by solid GDP growth and its position as the…
September 20, 2024September 20, 2024 According to data from the National Payments Corporation of India (NPCI), Sachin Bansal’s fintech company Navi Finserv has surpassed Amazon Pay to become the fifth-largest UPI player in India, experiencing rapid growth. Navi, a non-banking financial company based in Bengaluru, has seen its UPI…