Indian Economy: News and Discussion

asaffronladoftherisingsun

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BHARAT has world’s third highest number of billionaires: Forbes report.

Bharat has the third highest number of billionaires in the world after the US and China, according to a new list by Forbes magazine, which said Reliance Industries Ltd chairman Mukesh Ambani reclaimed his spot as Asia’s richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.

See - https://www.livemint.com/
 

ezsasa

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Do we have a thread that lists the technologies (military and civilian) that India needs to develop in order to substitute imports but is yet to? @ezsasa ? Or is there a website that can list it in some greater detail?
If any, it should be available on FICCI website. they are coordinating with the military to identify future make in India projects.
 

sorcerer

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India’s first EV battery plant to end China’s monopoly: Factory set up in Karnataka

Handa's plan would also get a push from India's goal to lure manufacturers from China and Transport Minister Nitin Gadkari in March also promised a new battery policy 'soon'.


 

sorcerer

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Indias exports surge by 297% in first week of April
India`s goods exports posted a 297.2 percent increase (year-on-year) in the first seven days of this fiscal to $6.79 billion and by 8.42 percent (YoY) over the corresponding period of 2019-20. Imports in the first week of 2021-22 (April 1-7) increased 244.2 percent to $ 9.66 billion and decreased by 0.65 percent (YoY) over 2019-20 during the week.

 

sorcerer

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Banks in India cross ₹150 trillion milestone in deposits

MUMBAI: Banks in India have crossed the milestone of ₹150 trillion in deposits, as inflows continue at a staggering pace.


Deposits had touched the ₹100-trillion mark in September 2016 and had crossed ₹50 trillion in February 2011.

Outstanding bank deposits stood at ₹151.13 trillion as on 26 March, the last fortnight of the financial year, showed data released by the Reserve Bank of India (RBI). This translates into a growth of 11.3% from the same period last year. In contrast, non-food credit grew at a sluggish pace of 5.5% year-on-year (y-o-y) to ₹108.9 trillion.



 

sorcerer

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sauntheninja

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Indias exports surge by 297% in first week of April
India`s goods exports posted a 297.2 percent increase (year-on-year) in the first seven days of this fiscal to $6.79 billion and by 8.42 percent (YoY) over the corresponding period of 2019-20. Imports in the first week of 2021-22 (April 1-7) increased 244.2 percent to $ 9.66 billion and decreased by 0.65 percent (YoY) over 2019-20 during the week.

How much did the exports increase from the last month when it was said we did record exports?
 

sorcerer

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How much did the exports increase from the last month when it was said we did record exports?
"India's merchandise exports in March 2021 were $34.0 billion as compared to $21.49 billion in March 2020, an increase of 58.23 per cent," the ministry said in a statement. It said that "first time ever in a month", exports have crossed $34 billion mark.

google is yer fraaandzzz
 

sorcerer

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SBI issues alert for customers against Social Engineering Frauds

The public sector bank (PSB) in an update has said that it has come across reports, wherein cybercriminals are reported to have created online fixed deposits in customers' accounts in an attempt to carry out social engineering frauds. The State Bank of India has advised its customers to control access to their account by not sharing personal details like password/ OTP/ CVV/ Card Number etc. with anyone. It said that the bank would never ask for these details over phone or email or SMS.
https://www.thehansindia.com/news/national/sbi-issues-alert-for-customers-against-social-engineering-frauds-681119
 

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