India’s foreign exchange reserves have exceeded $700 billion for the first time, reaching $704.89 billion in the week ending September 27, 2024. This marks a record increase of $12.58 billion, with foreign currency assets (FCAs) rising by $10.4 billion to $616 billion and ...

The government has amended the rules of the Foreign Exchange Management Act (FEMA) to open the way for up to 20% Foreign Direct Investment (FDI) in the Life Insurance Corporation of India (LIC). The government is also planning to dilute its stake in LIC ...