Reserve Bank of India Governor Shaktikanta Das (right) speaks during a press conference at RBI headquarters in Mumbai on Wednesday. Agence France-Presse
India’s foreign exchange reserves rose by $4.483 billion during the week ending Jan.1. According to the Reserve Bank of India’s weekly statistical supplement, the reserves increased to $585.324 billion from $580.841 billion reported for the week ended December 25.
Rising trade deficit along with chances of a populist budget might dampen rupee’s prospects during the coming week. Nevertheless, persistent interest of Foreign institutional investors (FIIs) in India’s equity market will arrest any sharp depreciation moves.
India’s central bank raised its key policy rate by 35 basis points to 6.25 per cent on Wednesday, the highest in over three years and its fifth straight increase, and vowed there will be no let up in its fight to tame high inflation. While there have been signs recently that price pressures may be moderating, Reserve Bank of India (RBI)
The total number of billionaires in the UAE reached 45 in 2022, while their wealth increased by 10.8% annually to reach $200 billion, according to the "Census of Billionaires" report.
The UAE Ministry of Finance has released two new decisions that together specify the main features of the Corporate Tax regime as it applies to juridical persons operating out of free zones in the UAE.
During its participation at the second annual Make it in the Emirates Forum, the Sharjah FDI Office (Invest in Sharjah), has shared with the largest industrial companies
The agreement will unlock skilled jobs for UAE talent in the private sector, in Adnoc’s supply chain, and equip them to succeed in their careers through several programs and incentives that will enhance their skills and competitiveness.