May 30, 2024, 10:33 PM - 2 min read
The RBI on Thursday allowed the opening of rupee (INR) accounts outside India by persons resident outside India (PROIs) as part of the 2024-25 agenda for internationalisation of the domestic currency.
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May 30, 2024, 10:03 PM - 2 min read
The RBI has projected the country’s inflation rate, based on the Consumer Price Index (CPI), at 4.5 per cent for 2024-25 in the backdrop of an above-average monsoon expected this year and easing of supply chain pressures.
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May 30, 2024, 07:29 PM - 2 min read
The RBI's annual report suggests that India's renewable energy and semiconductor sectors will see significant growth due to recent government initiatives, including a ₹6,903 crore allocation in the interim Union Budget 2024-25 for semiconductor and display fabs, aiming to establish India as a global hub for chip and electronics manufacturing.
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May 30, 2024, 12:58 PM - 2 min read
The minimum support prices (MSPs) for both kharif and rabi seasons 2023–24 ensured a minimum return of 50 percent over the cost of production for all crops, according to the Reserve Bank's Annual Report.
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