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Home NewsWhy is so much money suddenly coming to India from THESE countries, and who is sending it? There has been an increase in AED-INR transactions since June 19. Officials at currency exchange houses say NRIs are no longer waiting for further depreciation. Image for representational purposes New Delhi: Due to the depreciation of the Indian rupee, the Indians living in the Gulf countries like the United Arab Emirates (UAE) and Saudi Arabia have increased remittances back to India. It is important to note that the rupee has weakened against...

Union Finance Minister Nirmala Sitharaman announced on Saturday that the government's priority is to ensure currency circulation favors lower denominations while enhancing public awareness about digital transactions. Addressing concerns about the Rs 500 note, she reassured that efforts are underway to prioritize lower denominations as the Rs 2000 note is mostly withdrawn from circulation.Speaking at the 'National Commemorative Seminar on 60 Years of Pt Deendayal Upadhyaya Integral Humanism Lectures' in the capital, Sitharaman stressed the need for greater digital literacy to underscore the benefits of cashless transactions. In recent...

Union Finance Minister Nirmala Sitharaman announced on Saturday that the government's priority is to ensure currency circulation favors lower denominations while enhancing public awareness about digital transactions. Addressing concerns about the Rs 500 note, she reassured that efforts are underway to prioritize lower denominations as the Rs 2000 note is mostly withdrawn from circulation.Speaking at the 'National Commemorative Seminar on 60 Years of Pt Deendayal Upadhyaya Integral Humanism Lectures' in the capital, Sitharaman stressed the need for greater digital literacy to underscore the benefits of cashless transactions. In recent...

Mumbai: Finance Minister Nirmala Sitharaman on Thursday said the rise of protectionist policies has the potential to disrupt global supply chains but India will navigate the global disruptions with policy agility and long-term investments.Amid escalating global trade war, N Sitharaman said the government's focus will remain firmly on building a robust domestic foundation."We will navigate the global disruptions with policy agility and long-term investments... The recalibration efforts on trade are very, very challenging," she said at an event to mark 150 years of BSE.The minister said India's financial markets have...

India's foreign exchange reserves stand at USD 658.8 billion, enough to cover 11 months of imports, Finance Minister Nirmala Sitharaman informed the Rajya Sabha.New Delhi, Apr 1 (PTI) India is the fourth largest country to hold foreign exchange reserves of USD 658.8 billion, enough to meet the country's imports for 11 months, Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday.Replying to supplementaries during the question hour, she assured members of their concerns on the foreign exchange reserves and the current account deficit."I want to assure you that total...

Union Finance Minister Nirmala Sitharaman Saturday announced a significant hike in foreign direct investment (FDI) in the insurance sector — from 74% to 100% — paving the way for the entry of global insurance giants, substantial foreign investments and tough competition in the Indian market.The government will hopes this major reform boosts insurance penetration in the country, which, as per an IRDAI report, was at 3.7% in 2023-24. The global insurance penetration at the same time was 7%. With the 100% FDI, foreign insurers will have full autonomy to operate...