Page-2 of Finance

India Surpasses $1 Trillion in FDI

December 10, 2024

India has achieved the milestone in foreign direct investment (FDI), with inflows surpassing $1 trillion between April 2000 and September 2024. This achievement puts stress on India’s status as a secure investment destination. FDI Inflows Overview FDI inflows totaled $1,033.40 ..

Month: 

Category: 

RBI Launches Podcast Series for Public Communication

December 9, 2024

The Reserve Bank of India (RBI) Governor Shaktikanta Das announced a new podcast series to enhance public communication. This initiative aims to improve financial literacy and will provide clear vital information about monetary policy. Key Interest Rate and CRR Decisions ..

Month: 

Category: 

World Bank Pledges $100 Billion to Support Poorest Nations

December 9, 2024

Donor countries pledged $100 billion to the World Bank’s International Development Association (IDA), which targets 78 low-income nations. It aims to provide grants and low-interest loans and the new total exceeds the previous $93 billion from 2021. Funding Breakdown Countries ..

Month: 

Category: 

Masato Kanda Elected as ADB President

December 2, 2024

The Asian Development Bank (ADB) has appointed Masato Kanda as its 11th President. His term begins on February 24, 2025, and succeeds Masatsugu Asakawa, who will leave office the day before. Kanda will complete Asakawa’s term, which ends on November ..

Month: 

Category: 

Global Freight Summit 2024

November 19, 2024

The Global Freight Summit 2024 commenced in Dubai on November 18, marking its third edition since 2022. Hosted by DP World, the event will conclude on November 20 with over 5,000 industry leaders from 155 countries participating, focusing on the ..

Month: 

Category: 

State Bank of India is seeking a $1.25 Billion Loan: India’s Largest Bank Loan of 2024

November 18, 2024

State Bank of India (SBI) plans to borrow up to $1.25 billion, making it the biggest dollar loan from India’s financial sector in 2024. The loan is being arranged by CTBC Bank, HSBC Holdings Plc, and Taipei Fubon Bank. It ..

Month: 

Category: 

Adaptation Gap Report 2024

November 9, 2024

The Adaptation Gap Report 2024 marks the urgent need for enhanced climate adaptation efforts globally. Vulnerable nations face increasing climate impacts. The United Nations Environment Programme (UNEP) stresses the importance of financial commitments at COP29. Current adaptation financing is insufficient ..

Month: 

Category: 

India’s Assurances to IMF backing Sri Lanka

January 19, 2023

India sends financing assurances to IMF to back Sri Lanka’s debt restructuring program. Sri Lanka’s three largest bilateral lenders are China, Japan, and India. India’s backing is a critical step for Sri Lanka to receive a $2.9 billion package from ..

Month: 

Category: