Category: Economy

India slips 21 slots on WEF Gender Gap index 2017

  India slipped 21 places on the World Economic Forum’s (WEF) Global Gender Gap index to 108, behind neighbours China and Bangladesh, primarily due to less participation of women in the economy and low wages. According to the WEF Global Gender Gap Report 2017, India has closed 67% of its gender gap, less than many

Sovereign Gold Bond rate fixed at 2,934 rupees per gram

  The price of the new series of Sovereign Gold Bonds (SGBs) has been fixed at 2,934 rupees per gram. The government, in consultation with the Reserve Bank, has decided to offer a discount of 50 rupees per gram to investors applying online and making payments digitally. This round is part of the SGB calender

India’s forex reserves fall to $398.8 billion

  Reserve Bank of India data showed that India’s foreign exchange reserves fell for the second straight week to $398.761 billion. The reserves, which act as a cushion against dollar outflows, fell $1.560 billion in the last two weeks amid concerns over tightening of global monetary easing. While RBI does not provide reasons behind fall