Prime Minister Narendra Modi has launched the 'India International Bullion Exchange (IIBX)', at the Gujarat International Finance Tec-City (GIFT City) near Gandhinagar, Gujarat.
The MoU has been signed under the Bharatmala Pariyojana across the country to centralize freight consolidation and reduce logistics costs from 14% to less than 10% of GDP.
Reserve Bank of India (RBI) Governor Shaktikanta Das-chaired Monetary Policy Committee (MPC) raised the repo rate by 50 basis points (bps) to 5.40 percent.
EXAMIANS