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RBI Governor pitches for rupee settlement of cross-border trade in South Asia

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said digital currency and rupee settlement of cross-border trade could be areas of greater cooperation among the South Asian countries in the future.

One month delay in GDP data release to avoid clash with budget

Six years after changing the tradition of presentation of the union budget from the last day of February to the first day of the same month, Prime Minister Narendra Modi government has introduced another major change in the release of macro-economic data.

Crucial role of mobile and internet connectivity in financial inclusion in India

Robust mobile and internet connectivity has helped India in a big way to expand financial inclusion, while a diverse network of banking correspondents and micro ATMs has ensured last-mile reach, SBI Chairman Dinesh Kumar Khara has said.

Widening inequality: Top 1% own nearly half of India’s wealth

Economic inequality has widened sharply in India in the post-Covid period. The top 1 per cent of the country’s population owns more than 40.5...