Top 5 Business / Finance News stories in india | 3 July 2023
“Hello everyone! Today we’ll be discussing the top 5 Business and Finance news stories in India on July 3rd, 2023. First up, at end-March 2023, India’s external debt amounted to $624.7 billion, up $5.6 billion over its level at end-March 2022. In other news, the Reserve Bank of India has introduced the Centralised Information Management System (CIMS), a next generation data warehouse, to strengthen regulatory supervision, monitoring, and enforcement. An inflation print higher than the mandated band of 2-6% puts household debt portfolio of many retail borrowers at risk. The RBI is also in talks with leading global peers to promote digital rupee payments. And finally, donor disclosure rules have been tightened for trusts. That’s all for today folks! Stay tuned for more updates.”
