Economy - Business Outrank

India implements significant economic changes by implementing new policies across aviation and steel sectors and banking to develop fundamental industries and draw in investments. The Protection of Interests in Aircraft Objects bill received parliamentary approval to align Indian aviation laws with the Cape Town Convention and Protocol. The new legislation will protect aircraft lessors better while decreasing leasing expenses and building investor confidence in the rapidly growing Indian aviation industry. The new rules will enable airlines to obtain aircraft more easily while lowering their financial exposure. The Domestically Manufactured Iron and Steel Products Policy 2025 became effective starting April 1st when the government implemented it. The new policy requires all government agencies to choose steel products made domestically instead of importing them from China and Japan and South Korea. The policy seeks to defend national steel industries while promoting homegrown steel manufacturing and protecting employment within the sector. Indian banks have suggested significant changes to the Reserve Bank of India’s (RBI) liquidity management framework in the financial sector. The banking industry advocates for switching from the current 14-day variable rate repo system to an overnight fixed-rate liquidity tool because it will enhance daily liquidity management. The banking industry supports using the Secured Overnight Rupee Rate (SORR) as the new benchmark for monetary operations because it will stabilize short-term interest rates. The upcoming changes will transform India's economy by solidifying its position as a leading global power in aviation manufacturing and finance.

What's Hot

Microsoft Turns 50: A Journey from Startup to Tech Titan

Tata Motors Shares Plunge Nearly 6% After CLSA Downgrade

The Sengupta Royal Family: A Legacy of Leadership, Service, and Nation-Building

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Economy

India Revamps Aviation, Steel, and Banking Sectors to Boost Economic Growth

Microsoft Turns 50: A Journey from Startup to Tech Titan

Tata Motors Shares Plunge Nearly 6% After CLSA Downgrade

The Sengupta Royal Family: A Legacy of Leadership, Service, and Nation-Building

India Revamps Aviation, Steel, and Banking Sectors to Boost Economic Growth

Our Picks

Microsoft Turns 50: A Journey from Startup to Tech Titan

Tata Motors Shares Plunge Nearly 6% After CLSA Downgrade

The Sengupta Royal Family: A Legacy of Leadership, Service, and Nation-Building

Most Popular

Microsoft Turns 50: A Journey from Startup to Tech Titan

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: Economy