Global brokerages project more RBI rate cuts this fiscal

IANS | April 9, 2025 5:00 PM

New Delhi, April 9 (IANS) The Reserve Bank of India's (RBI) decision to cut the repo rate by 25 basis points to 6 per cent and shift its stance to ‘accommodative’ from ‘neutral’ has strengthened expectations among global brokerages of further monetary easing in the coming months.

Component PLI to further boost electronics exports, generate jobs

IANS | April 9, 2025 9:15 AM

New Delhi, April 9 (IANS) As smartphone exports surpassed Rs 2 lakh crore in FY25, with iPhones alone accounting for approximately Rs 1.5 lakh crore, the IT Ministry has notified the Rs 22,919 crore Electronics Components Manufacturing Scheme (ECMS), marking a significant step towards strengthening India’s position as a global hub for electronics manufacturing.