State Contingent Debt Instruments (SCDIs): The Global Sovereign Debt Roundtable (GSDR), which addresses challenges in debt restructuring processes, is set to discuss State Contingent Debt Instruments (SCDIs). SCDIs helps speed up debt restructuring by offering bonds with payouts contingent on countries meeting specific economic or fiscal targets. E.g., GDP-linked bonds issued by Ukraine that are […]
Day: October 29, 2024
PM Modi and Spanish PM Pedro Sanchez Jointly Inaugurate Tata Aircraft Complex in Vadodara, Gujarat
PM Modi and Spanish PM Pedro Sanchez Jointly Inaugurate Tata Aircraft Complex in Vadodara, Gujarat: Prime Minister Narendra Modi and Prime Minister of Spain, Mr. Pedro Sanchez, jointly inaugurated the Tata Aircraft Complex for manufacturing C-295 military transport aircraft at the Tata Advanced Systems Limited (TASL) campus in Vadodara, Gujarat. This project, a first-of-its-kind private […]
Shaktikanta Das Earns A+ in Central Bank Report Card 2024
Shaktikanta Das Earns A+ in Central Bank Report Card 2024: Reserve Bank of India (RBI) Governor Shaktikanta Das has been awarded an A+ grade in the Central Bank Report Cards 2024, marking his second consecutive year of recognition. This accolade was presented by Global Finance during an event in Washington, D.C. The grades, ranging from […]
Drop in India’s Foreign Exchange Reserves
Drop in India’s Foreign Exchange Reserves: India’s foreign exchange reserves decreased by $2.163 billion, bringing the total to $688.267 billion for the week ending October 18, as reported by the Reserve Bank of India. This decline follows a significant drop of $10.746 billion in the previous week, marking one of the largest reductions in reserves […]
SBI for Solar Project Financing
SBI for Solar Project Financing: Solex Energy has partnered with the State Bank of India (SBI) to provide financing options for solar projects, targeting commercial, industrial, and institutional customers. Under this collaboration, SBI will offer loans up to ₹10 crore through its Surya Shakti Solar Finance Scheme, aiming to make solar energy more accessible and […]
Digital Memorial of Valour
Digital Memorial of Valour: The Railway Protection Force (RPF) launched the ‘Digital Memorial of Valour’ in New Delhi, a heartfelt initiative dedicated to honoring the sacrifices of its brave personnel who laid down their lives in the line of duty. Launch Date: October 25, 2024
State Bank of India (SBI) has been recognized as the Best Bank in India for 2024
State Bank of India (SBI) has been recognized as the Best Bank in India for 2024: State Bank of India (SBI) has been awarded the title of Best Bank in India for 2024 by Global Finance Magazine during its 31st Annual Best Bank Awards, held in Washington, coinciding with the Annual Meetings of the IMF […]
Cyber-espionage group known as Salt Typhoon : In News
Cyber-espionage group known as Salt Typhoon : In News A cyber-espionage operation allegedly orchestrated by a Chinese hacking group known as “Salt Typhoon” has reportedly targeted the phone data of former President Donald Trump, his running mate JD Vance, and various Democratic figures, including staff from Vice President Kamala Harris’s campaign. Sources indicate that investigators […]
