Foreign-owned assets in India increased by USD 37.3 billion in the September quarter while Indian residents’ overseas financial assets rose by USD 31.9 billion during the same period, RBI data showed on Friday. According to India’s International Investment Position (IIP), the liabilities stood at USD 1,258.9 billion during the July-September quarter as compared to USD … Read more
USAID, through the SAMRIDH facility, has also recently funded healthcare enterprises The United States Agency for International Development (USAID)-supported SAMRIDH Healthcare Blended Financing Facility has committed $27 million to support India’s national health priorities, including oxygen delivery systems, cold chain storage for vaccines, supply chain management for COVID-19 medicines, training for healthcare workers, and other … Read more
New Delhi: Telehealth platform Truemeds on Tuesday said it has closed its USD 5 million (over Rs 35 crore) funding round led by InfoEdge Ventures, Asha Impact and Indian Angel Network Fund. The funding will be used to expand its footprint to three additional cities, build product and technology and invest in improving the supply … Read more
New Delhi: Describing the Budget 2021-22 as “extremely good”, former RBI governor Bimal Jalan on Tuesday said that India’s high priority for now should be to grow at 7-8 per cent, and then give a “great preference” for employment rather than only investment. In an interview, Jalan further said it does not seem that India … Read more
A stable rupee also squeezed the chances of accretion in the currency and gold revaluation account (CGRA), even as there is debate on whether RBI should dig into this account to pay the government. Synopsis The returns for the Reserve Bank of India (RBI) are likely to be squeezed with investments in low yielding US … Read more