The Singapore-based DBS Bank's economic research team has revised India's FY23 growth forecast upwards to 7 per cent year-on-year (y-o-y) (CY2022 6.5 per cent) from 6 per cent earlier.
In this regard, the apex bank has appointed Nageswar Rao Y (Ex-Executive Director, Bank of Maharashtra) as the Administrator of the company under Section 45-IE (2) of the RBI Act.
US military personnel and Bangladesh Navy (BN) began the 27th annual Cooperation Afloat Readiness and Training (CARAT) maritime exercise virtually in the Bay of Bengal.
The Asian Development Bank (ADB) and the Indian government have signed a $ 250 million loan to support the National Industrial Corridor Development Program (NICDP).