Tag: India forex reserves

Rare earths set to get up to Rs 5,000 crore incentive scheme

EconomyJune 19, 2025

India has firmed up a ₹3,500-5,000 crore scheme to incentivise production of rare earth minerals and derived magnets in the country and could be approved in a fortnight, a top government official said. "The priority...

AIC seeks GST exemption on all rural general insurance plans

EconomyJune 19, 2025

India's largest rural insurer has called for the removal of the goods and services tax (GST) on all rural-focused general insurance products covering agriculture and allied risks to enhance affordability and increase coverage. At present...

India’s forex reserves dip $ 5.7 billion in a week up to January 03

EconomyJanuary 10, 2025

India's forex reserves contracted by $5.7 billion during the week ended January 3 as foreign investors continued to pull out dollars from the...

Diversifying assets: RBI strategy has a heart of gold

EconomyJanuary 4, 2025

Mumbai: The Reserve Bank of India (RBI) has accelerated gold purchases since October to mitigate revaluation risks to its foreign exchange stockpile and...