Reserve Bank of India

NEFT hits a new milestone with 4.10 crore transactions in a day: RBI

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NEFT hits a new milestone with 4.10 crore transactions in a day: RBI

NEFT system has achieved a milestone on leap day i.e., on February 29, 2024, by processing 4.10 crore transactions, the highest ever in a day so far. The precise number was 4 crore 10 lakh sixty-one thousand three hundred and thirty-seven, announced Reserve Bank of India (RBI) on Friday. In the past ten years (i.e., … Read more

Budget 2024: A shift to better government spending

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Budget 2024: A shift to better government spending

In its latest budget presentation, the Narendra Modi-led government reaffirmed its commitment to bolstering capital expenditure (capex) and maintaining fiscal discipline, a strategic stance that has characterized its financial governance in recent years. The budget showcases a significant escalation in capex, which has almost tripled in the past four years, thereby becoming a cornerstone for … Read more