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For example: 150,000 rupees is "1.5 lakh rupees" which can be written as "1,50,000 rupees", and 30,000,000 (thirty million) rupees is referred to as "3 crore rupees" which can be written as "3,00,00,000 rupees". There are names for numbers larger than crore, but they are less commonly used.
Parliament of India: Presented: 1 February 2025: Passed: 1 February 2025: Parliament: 18th : Party: Bharatiya Janata Party: Finance minister: Nirmala Sitharaman: Total revenue ₹ 34.96 trillion (US$400 billion) Total expenditures ₹ 50.65 trillion (US$590 billion) Tax cuts: Complete tax rebate on income upto ₹12.75 lakh: Deficit: 4.4% of ...
India was forced to sell dollars to the extent of close to US$35 billion in the spot markets in Financial Year 2009 due to 22% depreciation in rupee (against the dollar) in the same fiscal year 2009. In 2009, India purchased 200 tonnes of gold from the International Monetary Fund , worth US$6.7bn (€4.57bn, £4.10bn).
The Digital Rupee (e₹) [6] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). [7] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. [8] Digital Rupee is using blockchain distributed-ledger technology. [9]
Indian movies and music increasingly influence global culture. [65] India has reduced its poverty rate, though at the cost of increasing economic inequality. [66] It is a nuclear-weapon state that ranks high in military expenditure. It has disputes over Kashmir with its neighbours, Pakistan and China, unresolved since the mid-20th century. [67]
In 2022 CSS's numbered 65 with a combined funding of ₹ 442,781 crore (equivalent to ₹ 5.0 trillion or US$57 billion in 2023). [6] In 2022, there were 157 CSs and CSSs with individual funding of over ₹ 500 crore (equivalent to ₹ 561 crore or US$65 million in 2023) each. [ 7 ]
However, if the US treasury uses QE to a higher degree, as evidenced in the increased purchase of securities during an economic crisis, but India does not, then the value of the USD will decrease relative to the Indian rupee. As a result, quantitative easing has the same effect as purchasing foreign currencies, effectively manipulating the ...
India is the world's top receiver of remittances, claiming more than 12% of the world's remittances in 2015. [1] [2] Remittances to India stood at US$125 billion in 2023, up from US$69 billion in 2017. Remittances from India to other countries totalled US$5.710 billion in 2017, for a net inflow of US$63.258 billion in 2017. [3] [4] [5]