S Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY), stated that the Electronics Components Manufacturing Scheme (ECMS) has received an overwhelming response, highlighting the industry’s strong trust in India’s policy framework and the government’s capacity to execute large-scale industrial initiatives. On Thursday, he revealed that the total number of applications and the committed investments under the scheme are nearly twice the original targets set.
RBI likely sold $12 billion in gold reserves amid rupee pressure
India’s central bank, the Reserve Bank of India (RBI), is estimated to have sold nearly $12 billion worth of gold reserves within a two-week period ending May 22. The assessment, based on...
