Economy

About $250 million loan has been allocated for School Education and Adolescent Wellbeing Project for improving learning outcomes for more than 2 million primary school students

The RBI has issued separate directions for commercial banks, small finance banks, payments banks, non-banking financial companies, non-bank prepaid payment instrument issuers, and credit information companies.

At the current pace, services are very likely to surpass goods exports in absolute terms in the next one-and-a-half to two years," said SEPC Director General Abhay Sinha.

The US Supreme Court on Wednesday issued no ruling on the legality of tariffs imposed by President Donald Trump last year.

On a longer-term 10-year horizon, extreme weather events remain the biggest risk, followed by biodiversity loss and ecosystem collapse, critical change to earth systems, misinformation and disinformation and adverse outcomes of AI technologies.

The EU market accounts for about 17% of India's total exports, and the bloc's exports to India constitute 9% of its total overseas shipments.

Food inflation rose to a flatline as compared to a fall of 2.6% in November.

US President Donald Trump is set to interview Rick Rieder, BlackRock’s chief investment officer, as a potential successor to Jerome Powell as Federal Reserve chair.

West Texas Intermediate traded near $61 a barrel, after adding more than 9% over the previous four sessions, while Brent closed above $65

The earlier sanctions imposed by OFAC of the US Department of the Treasury in November 2018 led to a sharp fall in bilateral trade between India and Iran.

"Discussed trade, critical minerals, nuclear cooperation, defence and energy. Agreed to remain in touch on these and other issues," Jaishankar said.

The chief economic advisor said inclusive finance institutions are intermediaries for the economically vulnerable section.

To put in comparative terms, the global economy is projected to grow by 2.6% and emerging markets by 4% in calendar year 2026.

Digital payments have significantly increased in recent years as a result of coordinated efforts of the government with all stakeholders.

Once approved, the pact would be among the country's biggest defence deals and increase the number of Rafale jets in India's military to 176.

Trump has announced that any country doing business with Iran will have to pay a 25% tariff on its trade with Washington, a move that could impact Tehran's major trading partners such as India, China and the UAE.

In November, India spent 2.6 billion euros on the purchase of Russian crude oil, which is processed in refineries to make fuels like petrol and diesel.

''The key expectation is that the government would be able to meet fiscal deficit target of 4.4% of GDP for FY26,'' said Dhiraj Nim, Economist/FX Strategist at ANZ Research.

The RBI has also revamped its citizens’ charter to improve transparency and efficiency. Of the original 204 services listed, four approvals were removed, bringing the total to around 200.

Sanjay Malhotra underlined the central bank's independence, shed light on the inflation-management strategy, and clarified that the RBI has no red-line when it comes to the value of rupee.