State Bank of India will set up an Innovation, Incubation and Acceleration Center in Hyderabad, Telangana, which will be operational within six to nine months of on-boarding of a consultant.
Rating agency Moody's has revised downwards the economic growth forecast of India by 40 basis points to 9.1 percent in the Calendar Year 2022 (CY2022), due to adverse effects of the Russia-Ukraine conflict on the global economy.
Open Network for Digital Commerce (ONDC) is been managed by Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
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