Economy

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• Flipkart secures approval for direct lending from RBI

  Flipkart has received a lending licence from the Reserve Bank of India, the Walmart-backed e-commerce company confirmed on Thursday.

  

• RBI's MPC to keep its focus on growth momentum; 25 bps rate cut likely

  The Monetary Policy Committee (MPC) is expected to maintain its focus on supporting the ongoing recovery in economic growth momentum, Careedge Ratings said in a report.

  

• CRR cut by 100 bps, stance changed to Neutral; inflation forecast reduced to 3.7% for FY26: RBI

  RBI Governor Sanjay Malhotra, while announcing the decisions of the Monetary Policy Committee (MPC), also stated that the policy stance has been changed from "accommodative" to "neutral".

  

• India Draws Over $500 Billion in FDI in a Decade, Doubling Previous 10-Year Total

  Notably, $300 billion of this came between 2019 and 2024 alone, underscoring an accelerated growth trajectory, he mentioned in a media article.

  

• Odisha Unveils ₹28084 Cr Industrial Projects in Ganjam, Paving Way for 15455 Jobs

  Held at Onslow Stadium in Chatrapur, the ceremony marked a significant step in transforming southern Odisha into an industrial hub.

  

• RBI May Go for 'Jumbo Rate Cut' of 50 BPS in MPC Meet on Friday: SBI Research

  RBI's rate-setting panel Monetary Policy Committee (MPC) will start deliberations on the next bi-monthly monetary policy on June 4 and announce the decision on June 6 (Friday).

  

• PM Modi Presents India’s Aviation Growth and Global Potential at IATA AGM

  Modi noted that India is now the world’s third-largest domestic aviation market, with passenger traffic expected to reach 500 million by 2030.

  

• Real Estate Players Eye Edge Data Centers; Infra-Ready Tier 2 Cities Gains Traction

  By definition, Edge Data Centers are small, localised data processing facilities situated close to devices and end users. These centers help in enhancing performance and efficiency for real-time applications.

  

• India’s Household Financial Savings Could Climb to ₹22 Lakh Crore in FY25: SBI

  This comes on the heels of the Reserve Bank of India’s annual report, which highlighted that net household savings rebounded to 5.1 per cent of GNDI in FY24.

  

• PM Modi Launches ₹47600 Cr Development Push in Kanpur, Highlights Defence, Infra, Industrial Growth

  Prime Minister Modi underscored the pivotal role of Uttar Pradesh in India’s defense self-reliance journey. He highlighted that the BrahMos missile, now produced in the state, played a vital role in Operation Sindoor, India’s precision counter-terror response.

  

• India Emerges as World's IT Capital, NSE Acts as Catalyst for Economy: MD-CEO Ashish Kumar Chauhan

  "Today, technology is our fuel, and India is the IT capital of the world. Technology has brought the biggest shift and change in the world," Chauhan said.