Page-15 of Economy & Banking Current Affairs

India’s Alternative Assets Market Set to Reach $2 Trillion by 2034

December 19, 2024

The Alternative Assets market in India is currently valued at $400 billion and is projected to expand to $2 trillion over the next decade. The growth is attributed to sophisticated investors seeking better portfolio diversification and higher returns. Regulatory changes ..

Month: 

Category: 

Delhi and Bengaluru Lead in India’s Crypto Investment

December 19, 2024

Delhi and Bengaluru emerged as players in India’s cryptocurrency landscape, and contributed notably to the national investment portfolio, especially in the Layer-1 category. According to a recent report, Delhi and Bengaluru accounted for 30.5% of India’s overall crypto investments, showcasing ..

Month: 

Category: 

Surge in Indian Capital Markets Post-Covid-19

December 19, 2024

The Indian capital markets have experienced remarkable growth since the Covid-19 pandemic and retail investor participation has transformed the landscape of investment in the country. This trend reflects a broader shift towards financial literacy and investment awareness among the populace. ..

Month: 

Category: 

India Becomes Third Largest Smartphone Exporter

December 18, 2024

India has made strides in the global smartphone market and has risen from 23rd to 3rd place in smartphone exports since 2019. In November 2024, India’s smartphone exports exceeded 20,000 crore rupees in a single month. This achievement has been ..

Month: 

Category: 

OPEC Fund Approves $1 Billion in Development Aid

December 18, 2024

The OPEC Fund for International Development has recently approved nearly $1 billion in funding to support various development projects worldwide. This decision was made during the 190th Governing Board meeting held in Vienna and aims to address critical areas such ..

Month: 

Category: 

India’s Path to Economic Growth and Investment

December 18, 2024

India is currently navigating economic transitions. Recent discussions in Mumbai focused on strategies for enhancing financial mobilization. The workshop, hosted by NITI Aayog, the University of California, Berkeley, and IGIDR, brought together various stakeholders to address these challenges. India’s Economic ..

Month: 

Category: 

Gujarat’s First Semiconductor Assembly Plant Opens

December 18, 2024

Suchi Semicon has inaugurated Gujarat’s first Outsourced Semiconductor Assembly and Testing (OSAT) plant in Surat, marking an advancement in India’s semiconductor manufacturing landscape. Plant Overview The OSAT plant covers an area of 30,000 square feet and provides essential services like ..

Month: 

Category: 

RBI Tackles Unclaimed Deposits in India

December 16, 2024

The Reserve Bank of India (RBI) has initiated measures to address the growing issue of unclaimed deposits, arising from inactive savings or current accounts, as well as unclaimed term deposits. The RBI aims to safeguard depositor interests while facilitating the ..

Month: 

Category: 

India’s Data Centre set for $100 Billion Investment by 2027

December 16, 2024

India’s data centre industry is transforming, with investments projected to surpass $100 billion by 2027. The sector has attracted approximately $60 billion in investment from 2019 to 2024, reflecting its appeal to global and local investors. Key Investment Destinations Maharashtra ..

Month: 

Category: 

3rd India-UK Financial Markets Dialogue

December 14, 2024

Senior officials from India’s Ministry of Finance and the UK’s HM Treasury convened to discuss financial cooperation. This dialogue involved key regulatory bodies, including the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the ..

Month: 

Category: