A man counts currency notes in Mumbai, India. Reuters
Reserve Bank of India (RBI) Governor Shaktikanta Das has said the gross fiscal deficit has adhered to budgetary targets, and that the current account deficit is expected to be around 2.5 per cent of the GDP in 2018-19. Das said this earlier this week while speaking at the “Governor Talks”
Further monetary policy easing is expected as the economy struggles with a demand downturn, liquidity constraint and a high finance cost, sources said on Friday. It is learnt that Reserve Bank of India would stick with its stance and further lower the repo rate, which will in turn reinvigorate consumer
India’s foreign exchange (forex) reserves increased by $4.368 billion during the week ended April 26, official data showed. According to the Reserve Bank of India’s weekly statistical supplement, the overall forex reserves rose to $418.515 billion from $414.147 billion reported for the week ended April 19.
Federal Customs Authority (FCA) has issued the first unified system for licensing the Customs Inspection Profession in the United Arab Emirates, to develop the customs inspection system in the state,
Sharjah Islamic Bank (SIB) recently signed an agreement with CNS Middle East and global company Diebold Nixdorf, to enhance customer experience by introducing more cutting edge technology application and self-service functionalities in the bank.
Sheikha Shamma Bint Sultan Bin Khalifa Al Nahyan, Founder and CEO of Alliances for Global Sustainability (AGS) and Pure Harvest Smart Farms (PHSF), a leading tech-enabled agribusiness,