Month: May 2025

[ad_1] The Indian economy is expected to maintain a promising outlook in 2025-26, supported by several positive factors, according to the Reserve Bank of India’s (RBI) annual report for 2024-25, released on Friday.The report emphasized that economic growth momentum is likely to continue, driven by a revival in consumption demand, healthy balance sheets among banks and corporates, and easing financial conditions."The outlook for the Indian economy remains promising in 2025-26, supported by revival in consumption demand, government's continued thrust on capex while adhering to the path of fiscal consolidation." RBI said, as quoted ANI. The government’s sustained focus on capital expenditure, alongside fiscal discipline, remains a cornerstone of the growth story.Additional contributors to the positive outlook include the resilience of the services sector, growing consumer and business confidence, and solid macroeconomic fundamentals.Also Read: Currency printing cost rises 25% to Rs […]

[ad_1] Florida Governor Ron DeSantis signed a new law on Tuesday that officially recognises gold and silver coins as legal currency in the state and exempts them from sales tax.The move positions Florida as the largest state to take this step, with the law set to take effect on July 1, 2026, pending ratification by the state legislature.Addressing a press conference, DeSantis said, "We are the first large state to step up and to get this done." He further explained that the legislation would enable financial service providers, including PayPal and cheque-cashing establishments, to process transactions using precious metals. "This is right out of the Constitution of the United States. This legislation will authorise money services businesses to accept gold and silver coins that meet specific purity standards," he added.The governor highlighted Florida's position as the largest state to enact […]

[ad_1] By the end of December, Indian Railways will achieve 'Scope 1 net zero', successfully offsetting 2.2 million tonne CO2. In a big boost to Indian Railways' green plans, the national transporter is set to reach its net zero objectives in the current year, significantly earlier than its 2030 target, primarily due to comprehensive electrification efforts.By the end of December, Indian Railways will achieve 'Scope 1 net zero', successfully offsetting 2.2 million tonne CO2, which exceeds its emissions by 200,000 tonnes, according to Indian Railways officials.By 2030, the Indian Railways anticipates requiring approximately 10 gigawatt (GW) of electricity for train operations. The distribution plan includes 3 GW from renewable sources including hydropower, whilst another 3 GW will come from thermal and nuclear sources. The remaining 4 GW requirement shall be fulfilled through arrangements with power distribution companies.On Track for net […]