Climate change risks impacting financial system, need India-specific data: RBI’s Rajeshwar Rao

IANS | December 28, 2024 2:15 PM

New Delhi, Dec 28 (IANS) Climate change risks have started to impact the financial system and it is essential to build capabilities to ensure correct assessment of these risks and put in place suitable adaptation and mitigation measures, the Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has said, stressing the need for India-specific data that can be based on globally accepted range of scenarios.

India's rural consumption rises, gap with urban areas narrows: Survey

IANS | December 27, 2024 5:59 PM

New Delhi, Dec 27 (IANS) The sustained momentum in rural consumption in India continues with the urban-rural gap narrowing down further in 2023-24 from the level of 2022-23, according to the household consumption survey released by the Ministry of Statistics on Friday.