Defence & Power Sectors Get Major Boost
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🗞️ India’s Forex Reserves Rise to $654.27 Billion
India’s foreign exchange reserves increased by $305 million, reaching $654.27 billion. The rise in reserves is driven by strong foreign investments, stable exports, and a resilient domestic economy. A higher forex reserve strengthens India’s financial position, enhances currency stability, and boosts investor confidence.
Expert Opinion: Analysts believe this indicates strong economic stability, making India more resilient to global financial shocks. A robust reserve also helps the RBI manage currency volatility effectively.
🗞️ National Electricity Plan Targets ₹4.9 Lakh Crore Capex
The Government of India has outlined an ambitious plan to invest ₹4.9 lakh crore in power transmission infrastructure from 2027–2032. This initiative aims to support India's rising energy demands, improve electricity distribution networks, and boost renewable energy integration.
Expert Opinion: Energy analysts say this investment will accelerate India's transition to cleaner energy, reduce transmission losses, and improve power accessibility across industrial and rural areas.
🗞️ ₹54,000 Crore Boost for India’s Defence Industry
The Indian government has approved ₹54,000 crore worth of defence projects, benefiting companies like Bharat Dynamics, BEL, HAL, and Avantel. These funds will modernize military equipment, boost domestic manufacturing, and reduce reliance on imports. Following the announcement, stocks of major defence firms surged.
Expert Opinion: Defence experts believe this move will enhance India’s self-reliance in military technology and make the country a key player in global defence exports.
🗞️ Remittances Surge – Maharashtra, Kerala, Tamil Nadu Lead
India recorded $118 billion in remittances in FY24, with over 50% of the funds flowing to Maharashtra, Kerala, and Tamil Nadu. The surge is attributed to higher earnings of Indian workers abroad, a strong dollar, and improved global economic conditions.
🗞️ Nithin Kamath: Zerodha’s Zero Brokerage Helped Investors Save ₹20,000 Crore
Zerodha co-founder Nithin Kamath revealed that the company’s zero brokerage policy on direct mutual funds and long-term investments helped investors save over ₹20,000 crore. Zerodha’s commission-free model has boosted retail participation in stock markets, making investing more accessible.
🗞️ RBI Imposes ₹36 Lakh Penalty on IDBI Bank
The Reserve Bank of India (RBI) has fined IDBI Bank ₹36 lakh for non-compliance with regulatory norms related to customer protection and financial oversight.
🗞️ India’s $13 Billion Gold Shortage Amid Rising Prices
Despite India’s love for gold, the country faces a $13 billion short position due to rising global gold prices, lower imports, and higher taxation on bullion. This has led to pricing anomalies in the local gold market, impacting jewelers and investors.
🗞️ New Business Register to be Launched Using GST & Udyam Data
The Ministry of Statistics is set to create a comprehensive business register by integrating data from the GST Network (GSTN), Ministry of Corporate Affairs (MCA), and Udyam Portal. This register will help policymakers, businesses, and investors get a clearer picture of India’s economic landscape.
📊 Market Updates
📈 Sensex: ⬆️ +557 points (0.75%), closing at 74,980.30.
📊 Nifty 50: ⬆️ +0.68%, ending at 23,350.45.
💰 Rupee: ⬆️ ₹85.98 against USD, marking its best week in over two years.
🥇 Gold: ₹90,067 per 10 grams.
🥈 Silver: ₹72,500 per kg.
🛢️ Brent Crude: ⬆️ 0.3% to $72.20 per barrel.