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Mega success on the microcredit front
09, Apr, 23The priority accorded to microcredit on this scale has some obvious benefits. GoI is pushing the programme to build manufacturing capacity at the grassroots, increase employment and improve financial inclusion. Apart from the economic gains from entrepreneurship and job creation, there are social benefits, too, in empowering women and other segments traditionally handicapped by lack of access to credit.
Forex reserves rise $2.8 billion to a new high of $692.3 billion
28, Sep, 24The Reserve Bank of India's foreign exchange reserves reached a new high of $692.3 billion in the week ending September 20, driven by a $2 billion surge in foreign currency assets. Foreign investors contributed $10.9 billion to Indian stocks and bonds this month, marking the highest monthly inflow this year.