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Daily Archives: November 15, 2025

Which Country is Known as the Land of Sandalwood?

Which Country is Known as the Land of Sandalwood?

Sandalwood is one of the world’s most precious and sweet-smelling woods, used for perfumes, medicines, rituals, and beautiful carvings. Its rich fragrance and cultural value have made it highly respected for thousands of years. Among all nations, one country is especially famous for producing the finest sandalwood, earning a special name because of its long …

Top Indian Lender Backs Next Phase of Banking Sector Mergers

Top Indian Lender Backs Next Phase of Banking Sector Mergers

India’s banking sector is gearing up for another transformative phase as the State Bank of India (SBI) advocates for fresh consolidation among public sector banks (PSBs). With India aiming to become a $30 trillion economy by 2047, large and resilient banking institutions are seen as essential for funding the nation’s ambitious infrastructure and industrial development …

GI Tag Awarded to Traditional Lepcha Musical Instruments

GI Tag Awarded to Traditional Lepcha Musical Instruments

In a landmark move aimed at preserving India’s rich cultural heritage, the Government of India has granted Geographical Indication (GI) tags to two traditional Lepcha musical instruments — Tungbuk and Pumtong Pulit. This official recognition places these folk instruments among the distinguished products that enjoy legal protection and cultural prestige under India’s GI registry. The …

RBI Announces Relief Measures for Exporters Moratorium & Credit Extensions

RBI Announces Relief Measures for Exporters: Moratorium & Credit Extensions

Amid global trade challenges and financial pressure on exporters, the Reserve Bank of India (RBI) has announced a set of relief measures aimed at easing repayment stress and providing credit flexibility. These measures will benefit exporters across key sectors and are intended to ensure continued trade competitiveness without compromising financial sector health. The relief steps …

Bank Credit Growth Slows to 11.3% While Deposits Rise to 9.7% in October

Bank Credit Growth Slows to 11.3% While Deposits Rise to 9.7% in October

India’s banking sector witnessed a noticeable shift in financial flows during October 2025. According to the latest data from the Reserve Bank of India (RBI), credit growth slowed to 11.3% year-on-year, while deposit growth picked up pace to reach 9.7% for the same period. This changing dynamic is significant as it hints at possible shifts …