According to the Reserve Bank of India, loans increased by 6.64% to Rs 107.15 lakh crore and deposits increased by 12% to Rs 149.44 lakh crore. On 28 February 2020, bank credit amounted to Rs 101.05 lakh crore and Rs 133.26 lakh crore deposits, consistent with recent data released by the RBI. Bank loans increased […]
Category Archives: Business
Former RBI Governor, Raghuram Rajan on Sunday cautioned that “drastic changes” in India’s monetary policy framework can upset the bond market as the current system has helped in containing inflation and promoting growth. Rajan, who is also an economist, believes the government’s ambitious goal of making India a $5 trillion economy by 2024-2025 was “more […]
In India, the Mines Ministry has developed a framework for the reuse of non-ferrous materials, including aluminium and copper, with the aim of reducing the purchase of scrap items. The Ministry of Mines also believes that one of the biggest challenges faced by the non-ferrous metals industry is its high reliance on steel imports and […]
On Monday, 15th March 15, 2021, global stock prices rose sharply, while the US bond yields hovered near a 13-month high, as investors bet that the US economy will pick up speed after the passing of a major stimulus package. When the Federal Reserve released its new economic projections at the conclusion of the Federal […]
According to new drone regulations that came into effect on Friday, 12th March, 2021 in India, drones weighing more than 250 grammes (gm) can only be flown by a remote pilot with permission from the Directorate General of Civil Aviation (DGCA) for each flight. However, the regulations, which were finalized after ten months of consultations, […]
After getting the toxic ammonia on the space suits, the spacewalking astronauts had to take extra safety precautions. The toxic ammonia was leaked from the international space stations external cooling system. Two astronauts named Victor Glover and Mike Hopkins faced no trouble when they tried to remove and vent the old jumper cables which would […]
European Specialty chemicals market is anticipated to exhibit a CAGR of 3.7% during the forecast period. The growing use of specialty chemicals in the end-user industries is a key factor driving the European specialty chemical market. In the automobile industry, specialty chemicals are mainly used to perform specialty coating on the vehicles. As per the […]
The US battery electric vehicle market is projected to grow at a CAGR of more than 18.0% during the forecast period (2019-2025). The rising popularity of BEV, new EV model launches, and developing charging infrastructure are the key factors propelling the growth of the market. Tesla’s battery electric vehicle sales in the US are contributing […]
The UK battery electric vehicle market is projected to grow at a significant CAGR of more than 22.0% during the forecast period (2019-2025). The government policies and rising demand for electric vehicles are the key factors propelling the growth of the market. The UK government is planning to have a zero-emission country in which it […]
Spain electric bus market is projected to grow at a considerable CAGR during the forecast period (2019-2025). The increasing awareness to reduce greenhouse gases and government incentives availability is the key factors to drive the growth of the market. The Spanish Government is aiming to reduce greenhouse gases emission by 2030. The government wants to […]