India, Dec. 18 -- The Government of India has issued a release: The Prime Minister, Shri Narendra Modi has welcomed the passage of the SHANTI Bill by both Houses of Parliament, describing it as a transformational moment for India's technology landscape. Expressing gratitude to Members of Parliament for supporting the Bill, the Prime Minister said that it will safely power Artificial Intelligence, enable green manufacturing and deliver a decisive boost to a clean-energy future for the country a...
India, Dec. 18 -- The Government of India has issued a release: The Ministry of Tourism during Financial Year 2024-25 issued operational guidelines for 'Special Assistance to States for Capital Investment (SASCI) - Development of Iconic Tourist Centres to Global Scale' with the objective to comprehensively develop iconic tourist centres in the country, branding and marketing them at global scale and Government of India has sanctioned 40 projects for Rs.3295.76 Crore in the country under this in...
India, Dec. 18 -- The Government of India has issued a release: Key Takeaways India and Oman sign CEPA: India's 2nd FTA in the last 6 months after UK DID YOU KNOW? Labour Reforms Next Gen GST 2.0 Reforms Oman is a key pillar of India's West Asia Policy and India's oldest strategic partner in the region. The strong economic partnership is reflected in 6,000+ India-Oman joint ventures operating in Oman. India's Trade Story at a Glance Driven by diversification, innovation, and strategic tr...
India, Dec. 19 -- In an era where sustainability meets luxury, ABD Diamonds is setting a new benchmark for the jewelry industry by introducing a curated line of sustainable wholesale lab-grown diamonds tailored for ethical jewelers. As more retailers and designers seek conflict-free, environmentally responsible alternatives, ABD Diamonds positions itself as a trusted partner providing certified, high-quality lab-grown diamonds that combine ethical sourcing with unmatched brilliance.The Growing D...
MUMBAI, India, Dec. 19 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Monday, December 22, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 2 9:30 AM to 10:00 AM December 24, 2025 (Wednesday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Releas...
MUMBAI, India, Dec. 19 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated December 11, 2025, imposed a monetary penalty of ₹61.95 lakh (Rupees Sixty One Lakh Ninety Five Thousand only) on Kotak Mahindra Bank Limited (the bank) for non-compliance with certain directions issued by RBI on 'Access to Banking Services - Basic Savings Bank Deposit Account' and 'Scope of activities to be undertaken of Business Correspondents (BCs)'...
MUMBAI, India, Dec. 19 -- Reserve Bank of India issued the following press release: The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹33,220 Crore (Face Value) Sr. No. State/UT Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenor (Year) Type of Auction 1. Bihar 1500 - 08 Yield 2. Gujarat 1500 - 05 Yield 1000 500 06 Yield 3. Haryana 1000 - Re-issue of 8.62% Haryana SDL 2028, issued on S...
MUMBAI, India, Dec. 19 -- Reserve Bank of India issued the following press release: [Under Section 45ZL of the Reserve Bank of India Act, 1934] The fifty-eighth meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during December 3 to 5, 2025. 2. The meeting was chaired by Shri Sanjay Malhotra, Governor and was attended by all the members - Dr. Nagesh Kumar, Director and Chief Executive, Institute for Studies in Indust...
MUMBAI, India, Dec. 19 -- Reserve Bank of India issued the following press release: The 620th meeting of the Central Board of Directors of Reserve Bank of India was held today in Hyderabad under the Chairmanship of Shri Sanjay Malhotra, Governor. The Board discussed global and domestic economic situation and associated challenges. It approved the risk-based deposit insurance framework for banks. The Board also reviewed the activities of select Central Office Departments and the draft Report on...
MUMBAI, India, Dec. 19 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on December 19, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competiti...