by TEXTILE VALUE CHAIN | Jan 25, 2024 | Finance & Economy, News & Insights
Synopsis: The journey of Small Finance Banks (SFBs), which were envisaged as financial inclusion vehicles to provide credit to the non-banked and underbanked population of the country, has been marked by resilience amid numerous obstacles starting from events like...
by DIGITAL MEDIA EXECUTIVE | Jun 3, 2023 | Finance & Economy
According to financial market experts surveyed by ZEW Mannheim, the inflation rate in the Eurozone is anticipated to continue high but gradually drop over the coming years. The survey results, which were released in May 2023, indicate that it is likely that the...
by DIGITAL MEDIA EXECUTIVE | Apr 27, 2023 | Finance & Economy
According to the finance ministry’s most recent monthly economic review, India needs to be cautious about potential threats from decreased agricultural output, rising prices, and geopolitical developments. According to the March edition of the review, although...
by DIGITAL MEDIA EXECUTIVE | Apr 27, 2023 | Finance & Economy
Synopsis Credit offtake rose by 15.7% year on year (y-o-y) for the fortnight ended April 07, 2023. In absolute terms, credit offtake expanded by Rs.18.8 lakh crore to Rs.138.5 lakh as of April 07, 2023. The growth has been driven by personal loans, robust growth...
by DIGITAL MEDIA EXECUTIVE | Apr 25, 2023 | Finance & Economy
Piyush Goyal, the minister of commerce and industry, expressed optimism on Saturday that traders would soon be able to settle international trade in rupees as several foreign banks are opening special Vostro accounts with Indian banks. The Reserve Bank of India (RBI)...
by DIGITAL MEDIA EXECUTIVE | Apr 24, 2023 | Finance & Economy
The International Monetary Fund (IMF) predicts that despite the difficulties facing the global economy, Asia and the Pacific will continue to be a vibrant region. The region is anticipated to provide more than 70% of worldwide growth this year, and by 2022, it is...
by DIGITAL MEDIA EXECUTIVE | Apr 10, 2023 | Finance & Economy
After the July 2022 RBI circular allowing rupee invoicing, payment, and settlement of commerce (exports/imports), the phrase “rupee invoicing” became popular. The new Foreign Trade Policy (FTP) 2023 suggests that both trade partners raise their invoices...
by DIGITAL MEDIA EXECUTIVE | Mar 29, 2023 | Finance & Economy
Sunil Barthwal, Secretary, Department of Commerce, stressed the need for trade finance cooperation among member countries to help reduce the widening trade finance gap during the opening of the first G20 Trade and Investment Working Group (TIWG) meeting under...
by DIGITAL MEDIA EXECUTIVE | Mar 20, 2023 | agriculture
According to Union Home and Cooperation Minister Amit Shah, the national-level multi-state cooperative societies that the Union Cabinet has approved for the promotion of organic products and exports will greatly improve farmers’ income over the next ten years....
by DIGITAL MEDIA EXECUTIVE | Feb 21, 2023 | Country Report
Those with knowledge of the situation claim that India is working towards an initial agreement on a rupee-dirham payment mechanism with the United Arab Emirates as early as January as the South Asian country seeks to diversify away from the dollar and strengthen...
by DIGITAL MEDIA EXECUTIVE | Feb 13, 2023 | apparel, Basics of Textiles, Global Textiles, Industry View
An investment of Rs.2 crore investment has made for Ujjain for setting up a manufacturing unit worth Rs.24 crore in Pithampur. The Madhya Pradesh Industrial Development Coorporation (MPIDC) which already issued a letter of Intents for the companies. Both the...
by DIGITAL MEDIA EXECUTIVE | Feb 13, 2023 | Articles, Environment/Ecosystem, Garment, Import/Export, In-Depth Analysis
A decade old relation between Uttar Pradesh and Italy will be deepen and move forward in the speed for the bullet train, said Italian Embassy’ trade commissioner Alessandro Liberatrio on Saturday. There is a similar type of synergy between Uttar Pradesh and Italy....
