Time to make the hard choices needed to conclude trade deal: U.S.-India Business Council
The U.S.-India Business Council (USIBC) said on Monday (September 8, 2025) that the two countries have too much at stake in this era of rising geostrategic competition to abandon the progress made together. The Council applauded the recent positive remarks by President…
Oil prices up almost 2% amid Israeli attacks on Qatar
The upward rally of oil futures is also being fuelled by members of the OPEC+ agreeing Sunday to increase oil production by a smaller than anticipated 137 thousand barrels per day from the present 1.65 mb/d. Representational file image. |…
Coal production up 8% over previous month despite monsoons
In August, India produced 69.87 MT of coal higher than 64.86 MT in July, even though it fell short on its monthly target of 73.77 MT. File. | Photo Credit: Getty Images Coal production in India rose about 8% on a…
Economic practices must be fair, transparent: Jaishankar
The world is seeking a stable and predictable environment for trade and economic practices should be fair, transparent and to everyone’s benefit, External Affairs Minister S. Jaishankar said on Monday (September 8, 2025), against the backdrop of increasing global concerns…
Tamil Nadu second biggest market for small business credit: study
Representative image | Photo Credit: Getty Images/iStockphoto Tamil Nadu is the second biggest market for small business credit, accounting for 9.3% of the national total, as per a joint report by Small Industries Development Bank of India (SIDBI) and credit…
GST reforms will boost consumption, economy: Finance Minister Sitharaman
Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, on September 7, 2025. | Photo Credit: PTI Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of…
Will the GST rate cuts boost the economy? | Explained
The story so far: On September 3, the GST Council authorised a new paradigm in the indirect tax regime. There will be fewer rates, and the Goods and Services Tax (GST) on most items have been reduced. While this has…
GST overhaul: Nirmala Sitharaman writes to State Finance Ministers, thanks them
In a gesture underscoring the spirit of cooperative federalism, Union Finance Minister Nirmala Sitharaman has written to Finance Ministers of all States, expressing gratitude for their support and active role in helping implement the landmark overhaul of the goods and…
Trump tariff effect: Tamil Nadu’s apparel hubs are unravelling at the seams
Twenty-year-old Vanaja, a tailor in Tiruppur district of Tamil Nadu, is worried that U.S. President Donald Trump’s tariffs on Indian imports could impact her wages. Vanaja has been working at RRK Cottons India Private Limited, a garment company in Palladam…
Watch: What has changed in GST & what does it mean?
The GST Council has slashed rates across essentials, healthcare, agriculture, study materials, and vehicles, moving towards a simpler 2-rate structure.
Swipe now, pay forever | Credit card debt in India is no longer a silent crisis
On the ‘Credit Cards India’ subreddit, a user writes, “Lost my job, ₹80k in credit card debt, no income. What are my options?” Another says, “Drowning in credit card debt (ICICI, Axis, HDFC, Federal) — no income, no support. Please…
What essential products are cheaper and costlier after GST rationalisation?
gst,Goods and Services Tax | Photo Credit: shylendrahoode The Goods and Services Tax Council approved rate cuts for several food products, consumer electronics, products in the agriculture sector, renewable energy, textile, health and more on Wednesday (September 3, 2025). After…
Small cars, bikes up to 350 cc to get cheaper as GST reforms kick in
Small cars and entry-level bikes are set to get cheaper as the GST Council on Wednesday (September 3, 2025) approved a complete overhaul of the tangled Goods and Services Tax (GST) regime. The GST Council approved limiting slabs to 5%…
Service sector growth hit 15-year high in August, but inflation intensifies, PMI shows
India’s services PMI Business Activity Index reached a fifteen-year high last month … on the back of surging new orders. (Image used for representation) | Photo Credit: Getty Images/iStockphoto India’s services sector growth accelerated to a 15-year high in August…
States to remain ‘net gainers’ of GST rate rationalisation: SBI Research
States will remain “net gainers” of the proposed GST rate rationalisation exercise with their GST revenues, including devolution, estimated to be over ₹14.10 lakh crore this fiscal, according to an SBI Research report released on Tuesday (September 2, 2025). It…
Corporate investments missing link in India’s growth: Patra
Michael Patra | Photo Credit: Corporate investments are the missing links in the Indian economy which had a three-year average annual growth rate of 8.1% in fiscal 2024, according to former RBI deputy governor and economist Michael Patra. India spends…
Questionable cheer: On GDP growth numbers
The GDP growth numbers released on Friday (August 29, 2025), showing that growth in Q1 of this financial year stood at 7.8%, came as a pleasant surprise at a time when most of the commentary has been about the factors…
Rupee falls 10 paise to close at all-time low of 88.19 against U.S. dollar
Foreign Institutional Investors offloaded equities worth ₹8,312.66 crore on August 29, 2025, according to exchange data. File | Photo Credit: Reuters The rupee depreciated 10 paise to close at an all-time low of 88.19 (provisional) against the U.S. dollar on Monday…
Mind your reinvestment risk in government bonds
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Many appear to be interested in buying government bonds. You can buy such bonds by placing bids through your brokerage account. The intention to invest in such bonds is not…
Indian economy to sustain high growth momentum in coming quarters: CEA Nageswaran
Speaking virtually at an event organised by the Indian Chamber of Commerce, Chief Economic Adviser (CEA) V. Anantha Nageswaran on Saturday (August 30, 2025) said the high growth momentum exhibited in the first quarter of the current fiscal is expected…
India Inc in ‘cosy, comfort zone’ courtesy large local market, not venturing out globally: Goyal
Indian businesses are in a “cosy comfort zone” created by the presence of a 1.4 billion-person domestic market, and need to find opportunities globally, Union Commerce Minister Piyush Goyal said on Saturday (August 30, 2025). In the comments that come…
Why is India’s trade deficit with China a concern? What is the risk of increasing dependence? | Explained
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The bilateral trade between India and China has been growing at a healthy rate, but the trade gap remains sharply tilted in Beijing’s favour. India has time and again…
U.S. Govt must remove tariffs, says Australian Trade Minister
At a time when the Trump tarriffs have raised concerns, Australian Trade Minister Don Farrell said Australia does not support tariffs and the country had already asked the U.S. Government to remove the 10% tariff imposed on Australia. Expressing…
Fiscal deficit at 29.9% of full-year target at July-end: CGA data
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto The Centre’s fiscal deficit increased to 29.9% of the full-year target at the end of July, according to data released by the Controller General of Accounts (CGA) on Friday (August…
Which sectors are worst hit by U.S. tariffs?
The story so far: The 50% tariffs imposed by the U.S. on imports from India came into effect on August 27, sending ripples through the Indian economy and the government. Several sectors, many of them labour-intensive, have the U.S. as…
Bank of Baroda cuts car, mortgage loan interest rates
Image for representation only | Photo Credit: Reuters Bank of Baroda on Thursday (August 28, 2025) has announced a reduction in its car loan interest rates. Its floating car loan interest rates now start from 8.15% p.a. (earlier 8.40% p.a.),…
Secondary, tertiary effects of U.S. tariffs on economy pose challenges: Finance Ministry report
The immediate impact of recent U.S. tariffs on Indian exports may appear limited, but their secondary and tertiary effects on the economy pose challenges that must be addressed, the Finance Ministry said in a report on Wednesday (August 27, 2025)…
Additional 25% tariff imposed by U.S. President Trump on India comes into effect
The additional 25% tariff imposed by U.S. President Donald Trump on India for its purchases of Russian oil came into effect Wednesday (August 27, 2025), bringing the total amount of levies imposed on New Delhi to 50 per cent. The…
Export units at Tirupur, Noida, Surat halt production amid high U.S. tariffs: FIEO
Apex exporters body FIEO on Tuesday (August 26, 2025) expressed serious concerns over high U.S. tariffs on Indian goods and said that textiles and apparel manufacturers in Tirupur, Noida, and Surat have halted production amid worsening cost competitiveness due to…
Fitch affirms India’s sovereign rating at ‘BBB-’ on robust growth, solid external finances
Image used for representation purpose only. | Photo Credit: Reuters Fitch Ratings on Monday (August 25, 2025) affirmed India’s sovereign rating at ‘BBB-‘, with a stable outlook, saying a strong record of delivering growth and improving fiscal credibility will drive…
India-U.K. FTA offered a 12% duty advantage to India: Gokaldas Exports
Photo: Facebook/Gokaldas Exports LTD India was emerging as a preferred sourcing hub, bolstered by competitive labour costs, a stable policy environment and the recently concluded India-U.K. FTA has offered a 12% duty advantage over competitors like China, said Mathew Cyriac…
RBI open to help tariff impacted sectors, says Governor Malhotra
Reserve Bank of India Governor Sanjay Malhotra speaks during the FIBAC banking conference in Mumbai, on August 25, 2025. | Photo Credit: Reuters Should the tariffs imposed by U.S. President Donald Trump kick in, the Reserve Bank of India (RBI),…
Emergency fund lapses – The Hindu
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto An emergency fund is one of the most important pillars of financial planning. Without an adequate emergency fund in place, a single financial exigency can push one to high-cost debt,…
Dollar drops as U.S. Federal Reserve chief Powell points to possible September rate cut
U.S. Federal Reserve Chair Jerome Powell. File | Photo Credit: Reuters The dollar fell on Friday (August 22, 2025) after Federal Reserve Chair Jerome Powell pointed to a possible rate cut at the central bank’s September meeting but stopped short…
How is the GST structure being simplified? | Explained
Finance Minister Nirmala Sitharaman chairs a meeting of Group of Ministers (GoMs) constituted by the GST Council on Compensation Cess, Health and Life Insurance, and Rate Rationalisation at Vigyan Bhawan, in New Delhi. File. Photo: X/@FinMinIndia via PTI The story…
Rate of rejection for imported Indian products decline by 12.50%, says MoS Jitin Prasada
Union Minister of State for Commerce and Industry Jitin Prasada. File Photo: ANI Photo/Sansad TV The rate of rejection for Indian products by importing countries has fallen by 12.50% in June 2025 compared to June 2024, according to Minister of…
GST Council to meet on September 3 and 4, will decide on Centre’s two-rate GST proposal
The Goods and Services Tax (GST) Council will hold its 56th meeting on September 3-4 in New Delhi, the Council said in a memorandum | Photo Credit: Getty Images/iStockphoto The Goods and Services Tax (GST) Council will hold its 56th…
RBI ED Indranil Bhattacharyya nominated as MPC member
RBI Executive Director Indranil Bhattacharyya | Photo Credit: LinkedIn The Central Board of Directors of Reserve Bank of India (RBI), at its meeting held in Lucknow, under the chairmanship of Governor Sanjay Malhotra, approved the nomination of Indranil Bhattacharyya, Executive…
High time to increase production of coal, says Union Minister Kishen Reddy
Union Minister for Coal and Mines, Kishan Reddy, launched the 13th round of commercial coal mine auctions in New Delhi on August 21, 2025. Photo: X/@kishanreddybjp Seeking wider stakeholder participation with the Government, Union Coal Minister G. Kishan Reddy said…
GoM on rate rationalisation approves Centre’s two-rate GST proposal
Image for representation only | Photo Credit: Getty Images/iStockphoto The Group of Ministers (GoM) on Rate Rationalisation, formed by the Goods and Services Tax (GST) Council, has decided to accept the Centre’s two-rate structure proposal for GST and will be…
“Uncertainty in external demand remains major drag on growth”: Malhotra
Reserve Bank of India (RBI) Governor Sanjay Malhotra. File. | Photo Credit: ANI The adverse impact of the tariff and geopolitical uncertainty on demand remained a major concern at the last the Monetary Policy Commitee (MPC) meeting, the minutes of…
FM Sitharaman addresses GoMs, explains the importance of the Centre’s GST proposals
Union Finance Minister Nirmala Sitharaman. File. | Photo Credit: PTI Union Finance Minister Nirmala Sitharaman on Wednesday (August 20, 2025) addressed the three Groups of Ministers set up by the Goods and Services Tax (GST) Council to emphasise the importance…
Making India’s climate taxonomy framework work
In May this year, the Ministry of Finance released India’s draft Climate Finance Taxonomy for public consultation. As a foundational tool, the taxonomy aims to mobilise climate-aligned investments, prevent greenwashing, and clarify for investors which sectors, technologies and practices contribute…
Rupee appreciated 40 paise to close at 86.99 against U.S. dollar
Foreign Institutional Investors bought equities worth ₹550.85 crore on August 18, 2025, according to exchange data. File | Photo Credit: Reuters The rupee appreciated 40 paise to close at 86.99 (provisional) against the U.S. dollar on Tuesday (August 19, 2025), supported…
Required reforms: On reforms to the GST system
The central government’s proposals to reform the Goods and Services Tax (GST) system are bold and timely. They stand to benefit the middle class and the business community, as the government claims. Shifting 99% of the items in the 12%…
23% of total 56.04 crore PM Jan Dhan accounts inoperative
As many as 23% of the total 56.04 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts are inoperative, Minister of State for Finance Pankaj Chaudhary said on Monday (August 18, 2025). Out of 56.03 crore PMJDY accounts at the end…
New GST regime will be consumer-centric, says Centre
Representative image | Photo Credit: Getty Images/iStockphoto The new GST regime previewed by Prime Minister Narendra Modi in his Independence Day address would be consumer-centric, with particular emphasis on the poor, the MSMEs, the middle class and the farmers, senior…
India ‘fully engaged’ with U.S. on trade deal, says Commerce Secretary
Commerce Secretary Sunil Barthwal. File | Photo Credit: PTI India continues to be “fully engaged” with the U.S. on a Bilateral Trade Agreement, Commerce Secretary Sunil Barthwal said on Thursday, however adding that the date for the next round of…
Centre moots two-rate GST system as part of PM Modi’s ‘Diwali gift’
Representational image only. | Photo Credit: Getty Images/iStockphoto Prime Minister Narendra Modi’s “Diwali gift” to the people of India, of reforms to the Goods and Services Tax (GST) system, will likely be across three pillars — structural reforms, rate rationalisation,…
Major GST shake-up: 12% and 28% slabs to be axed
The Centre has proposed to reduce the number of slabs under the Goods and Services Tax system, retaining the 5% and 18% slabs, while introducing a lower concessional rate below 1% and a high “sin rate” of 40% on just…
A paradigm shift: On India and its trade relations
On August 11, 2025, the central government implored India’s seafood industry, that provides livelihoods to about 28 million people, to “bravely face” the U.S.’s tariffs of 25% that kicked in on August 7, 2025 and which could be raised to…
India buys 2 million bpd Russian oil in August
India’s purchase of Russian oil has risen to 2 million barrels per day (bpd) in August, as refiners continue to prioritise economic considerations in their sourcing decisions. As much as 38% out of an estimated 5.2 million barrels per day…
The Sisyphean quest to bolster manufacturing in India
78 Years of Freedom The Narendra Modi government’s quest to bolster the domestic manufacturing sector is not the first time a government has tried this. In fact, the manufacturing sector has been the focus of government policy — in one…
India’s wholesale inflation falls to -0.58% in July, the second straight month in negative territory due to falling food and fuel prices.
A vendor arranging the pulses at a market, as the WPI stayed in negative territory for the second consecutive month at (-) 0.58% in July. | Photo Credit: Sushil Kumar Verma Wholesale price inflation (WPI) stayed in negative territory for…
U.S., not India, is the tariff king: Amul MD
In a freewheeling conversation withThe Hinduin Gujarat’s Anand, the brand’s headquarters, Mr. Jayen Mehta said that while India maintained a uniform 30% import duty on all dairy products, the U.S. imposed much steeper tariffs ranging from 40-75% on items like…
Sensex climbs 304 points, Nifty closes above 24,600 as steady U.S. inflation fuels global rally
Stock markets rebounded on August 13, 2025, as the Sensex closed higher by 304 points on buying in metal, auto, and pharma shares. File | Photo Credit: Reuters Stock markets rebounded on Wednesday (August 13, 2025) with benchmark Sensex closing…
Port restriction on jute from Bangladesh imposed to protect local industries from subsidised products, say officials
The latest order is aimed at further tightening the import of jute and products made from Bangladeshi jute. File | Photo Credit: Reuters A day after India imposed a fresh round of port restrictions on a range of jute products,…
Markets in choppy waters; Sensex drops 368 points dragged by bank stocks
FIIs offloaded equities worth ₹1,202.65 crore on August 11, 2025, according to exchange data. File | Photo Credit: PTI Benchmark indices Sensex and Nifty ended lower in a highly volatile trade on Tuesday (August 12, 2025) dragged down by blue-chip…
Trump rules out trade talks with India amid tariff dispute
U.S. President Donald Trump at the White House in Washington, D.C., U.S., on August 7, 2025. | Photo Credit: Reuters U.S. President Donald Trump has said there will be no trade negotiations with India until a dispute over tariffs is…
‘Unequal growth post the globalisation boom of the 1990s and 2000s led to the current inward looking trade policies’
Scott Wang, Vice President, Asia Pacific, for the World Trade Centers Association. Photo: Special Arrangement The increasingly inward looking attitude of countries around the world didn’t happen overnight, and is a result of the unequal growth that emerged from the…
Rupee rises 15 paise to 87.73 against U.S. dollar in early trade
The domestic equity market, the 30-share BSE Sensex rose 113.41 points to 80,823.66 in early trade, while Nifty was up 19.20 points to 24,668.75. File | Photo Credit: Reuters The rupee rose 15 paise to 87.73 against the U.S. dollar…
Trump imposes additional 25% tariff on goods from India
U.S. President Donald Trump answers questions from reporters on August 5, 2025, in Washington. | Photo Credit: AP U.S. President Donald Trump issued an executive order on Wednesday (August 6, 2025) imposing an additional 25% tariff on goods from India,…
India was fortunate to have a steady growth in this transformative period, says Ashwini Vaishnaw
Union Minister Ashwini Vaishnaw | Photo Credit: ANI Geopolitics, geoeconomics and geotechnology are all changing the world order and hugely impacting businesses and economies globally, said Ashwini Vaishnaw, Union Minister for Railway, Information and Broadcasting and Minister of Electronics and…
After 14 years, Tamil Nadu records double-digit growth in real terms
On right track: The data on per capita Net State Domestic Product (NSDP) at current prices show that Tamil Nadu ranked third among major States, with an estimated per capita income of ₹3,61,619. | Photo Credit: Getty Images/iStockphoto After a gap…
India’s logistics cost will be down to less than 10% by December: Gadkari
Union Minister Nitin Gadkari addressing at a programme in Mangalagiri on August 2, 2025. | Photo Credit: Special arrangement Union Minister of Road Transport & Highways Nitin Gadkari on Saturday (August 2, 2025) expressed confidence that India’s cost of logistics…
Another slip up by India in the trade pact with the U.K.
The India-United Kingdom Comprehensive Economic and Trade Agreement (CETA) raises several questions regarding India’s commitments in the CETA’s intellectual property chapter (Chapter 13). A problematic article in this chapter is Article 13.6, “Understandings Regarding TRIPS and Public Health Measures”, in…
Pecking order for equity – The Hindu
Managing wealth becomes relatively easy if you design a process to choose equity investments. Here, we discuss a pecking order for choosing equity investments based on the argument asset allocation is the most important step in the investment process. Top-down…
U.S. penalty risk on Russian oil may add $9-11 billion to India’s import bill, analyst say
India’s annual oil import bill could rise by $9-11 billion if the country is compelled to move away from Russian crude in response to U.S. threats of additional tariffs or penalties on Indian exports, analysts said. India, the world’s third-largest…
India’s logistics cost will be down to less than 10% by December: Gadkari
Union Minister Nitin Gadkari addressing at a programme in Mangalagiri on August 2, 2025. | Photo Credit: Special arrangement Union Minister of Road Transport & Highways Nitin Gadkari on Saturday (August 2, 2025) expressed confidence that India’s cost of logistics…
Trump slams India and Russia as dead economies in fresh attack on Truth Social
File picture of U.S. President Donald Trump | Photo Credit: Reuters A day after announcing 25% tariff rate on India in addition to an unspecified “penalty” tariff for India purchasing Russian energy and arms, US President Donald Trump has dubbed…
Indian fuel exports escape Trump’s tariff net, no Russian penalty yet
India’s exports of petroleum products such as diesel and jet fuel to the U.S. continue to be exempted from the levy of any import duty or tariff, and President Donald Trump has, for now, not indicated the penalty he plans…
GST collections July 2025 rise 7.5% to ₹1.96 lakh crore, says Centre
Image for representational purposes only. | Photo Credit: Getty Images The Central government’s gross revenue from the Goods and Services Tax (GST) grew to ₹1.96 lakh crore in July, up 7.5% from the collections in July last year, and 6%…
WATCH | Trump’s tariffs on India — analysing the economic and strategic impact
U.S. President Donald Trump has announced a 25% tariff on Indian imports, along with an additional “penalty” targeting India’s defence and energy trade with Russia and its role in the BRICS alliance. In this LIVE analysis at 2:15 p.m., top…
RBI unlikely to re-introduce fixed-rate liquidity operations
Image for representation only | Photo Credit: Getty Images The Reserve Bank of India is unlikely to re-introduce the policy of lending money daily to banks at a fixed rate, despite increased clamour for it from market participants, three sources…
Trump slaps 25% tariff on imports from India, ‘plus a penalty’; will secure national interest, says Commerce Ministry
Putting an end to months of speculation, U.S. President Donald Trump on Wednesday (July 30, 2025) announced that imports from India will attract 25% tariffs from August 1, “plus a penalty”, citing India’s purchases of energy and military equipment from…
India–US trade deal: Trump wants call with PM Modi before final approval
File picture of U.S. President Donald Trump and Prime Minister Narendra Modi at the White House in Washington, D.C., U.S., on February 13, 2025 | Photo Credit: Reuters U.S. President Donald Trump has expressed his desire to speak with Prime…
Interrupted growth: On economic activity, climate-related events
The Index of Industrial Production (IIP), the nation’s monthly barometer of goods output, revealed a 10-month low growth rate in June, at 1.5%, largely due to the sharp contraction in mining activity, by –8.7% (10.3% in June 2024), and electricity…
Markets rebound after 3-day decline; Sensex jumps 447 points
The Sensex tanked 572.07 points or 0.70% to settle at 80,891.02 on Monday (July 28, 2025). The Nifty declined 156.10 points or 0.63% to 24,680.90. File | Photo Credit: PTI Benchmark equity indices Sensex and Nifty bounced back after a…
Individual & HUF taxpayers beneficiaries of the majority of government tax deductions and exemptions
Exemptions and deductions availed by corporate taxpayers resulted in ₹94,910 crore worth of revenue being foregone in 2019, which increased to ₹99,000 crore by 2023-24, according to data shared by Union MoS for Finance and BJP MP Pankaj Chaudhary on…
India’s industrial output growth slows to 1.5% in June, hitting 10-month low
The manufacturing sector grew at a 5-month high of 3.9% in June 2025, up from 3.2% in May and 3.5% in June of last year. Representational file image. | Photo Credit: Reuters Growth in industrial activity slowed to a 10-month…
A note on multi-asset funds
The number of asset management companies (AMC) have increased over the years. This makes it difficult for product differentiation in the equity space, as funds typically invest within the universe of 500 stocks comprising large-caps, mid-caps and small-caps. It is,…
RBI monetary panel member sees no challenges in Indian economy growing over 6.5% in FY26
The Indian economy is growing at a robust pace and will not face any challenge in achieving a growth rate upwards of 6.5% in the current financial year, RBI Monetary Policy Committee (MPC) member Nagesh Kumar said on Sunday (July…
What does the new U.K.-India trade deal entail? | Explained
The story so far:India and the U.K. signed a Comprehensive Economic and Trade Agreement (CETA) on Thursday, after having announced the conclusion of negotiations on the deal in May this year. With negotiations starting in January 2022, the deal marks…
Parliamentary panel retains Income Tax Bill provisions allowing tax officials to forcibly access social media, private email
The Parliamentary Select Committee appointed to review the new Income Tax Bill 2025 proposed by the government has retained the provisions in the new Bill empowering tax officials to access, forcibly if necessary, the social media and private emails of…
India-UK FTA to stimulate innovation, ease market access, foster investment, says Sunil Bharti Mittal
Prime Minister Narendra Modi shakes hands with his British counterpart Keir Starmer after Britain’s Secretary of State for Business and Trade, Jonathan Reynolds and Union Minister Piyush Goyal signed a free trade agreement, at Chequers Estate, in U.K.. (X/@narendramodi) The…
RBI Governor Says Rate Cuts Will Be Based on Inflation and Growth Outlook, Not Current CPI Data
With data showing a steep decline in price rise in June, Reserve Bank Governor Sanjay Malhotra on Friday (July 25, 2025) said that the outlook on inflation and growth will determine future rate cuts, making it clear that the current…
PM Internship Scheme: 6% of recipients of offers have joined work so far
Photo: pminternship.mca.gov.in A little more than 50,000 candidates have so far accepted the 1.53 lakh offers made by companies under the Prime Minister Internship Scheme (PMIS), according to data provided by the government to the Lok Sabha. Of those who…
Trump tariffs: US–Japan deal finalized; Indonesia holds lessons and warnings for India
File picture of U.S. President Donald Trump | Photo Credit: Reuters The announcements by U.S. President Donald Trump and the White House regarding trade deals with Japan and details of the deal with Indonesia on Tuesday (July 22, 2025) will…
Sensex jumps nearly 540 points on buying in bluechip banks, oil shares
Benchmark Sensex jumped nearly 540 points while Nifty closed above the 25,200 level on Wednesday (July 23, 2025) on heavy buying in banking giants and oil shares and a positive trend in Asian markets after Japan secured a trade deal…
Net FDI in May 2025 down 98% to $35 mn on lower gross inflows & higher repatriation
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Net foreign direct investment (FDI) inflows stood at $35 million in May 2025, 98% lower than the $2.2 billion seen in May 2024 and 99% lower than the $3.9 billion…
Corporate tax revenue foregone at ₹99,000 crore in FY24: MoS Finance
Union MoS for Finance and BJP MP Pankaj Chaudhary speaks in Lok Sabha during the Monsoon Session of Parliament, in New Delhi | Photo Credit: ANI The government is estimated to have forgone around ₹99,000 crore in revenue in the…
Stock markets close flat; Eternal jumps nearly 11%
Foreign Institutional Investors offloaded equities worth ₹1,681.23 crore on July 21, 2025, while Domestic Institutional Investors bought stocks worth ₹3,578.43 crore, according to exchange data. File | Photo Credit: PTI Benchmark stock indices Sensex and Nifty closed almost unchanged in…
Rupee falls 14 paise to close at 86.30 against U.S. dollar
Foreign institutional investors purchased equities worth ₹374.74 crore on a net basis on July 18, 2025, according to exchange data. File | Photo Credit: Reuters The rupee depreciated 14 paise to close at 86.30 (provisional) against the U.S. dollar on Monday…
Index of eight core industries grows at three-month high of 1.7% in June
The coal sector saw the largest contraction while the steel and cement sectors saw the strongest growth. | Photo Credit: Getty Images/iStockphoto The Index of Eight Core Industries grew at 1.7% in June 2025, as compared to 5% in June…
Money making money even while one is asleep
If a child pesters his father for money, his usual retort would be, “Do you think I’m out there shaking a money tree.” Yes, in a way, he is right, you can’t just pluck money off a tree. But even…
India’s electronics exports jump 47% in Q1; U.S., UAE, China top destinations
Image used for representative purpose only. | Photo Credit: Mohammed Yousuf The U.S., UAE, and China have emerged as the top three export destinations for India’s electronics sector during April-June quarter of 2025-26, according to the Commerce Ministry data. The…
Pakistan records annual current account surplus of $2.1bn: Official data
Pakistan’s Prime Minister Shehbaz Sharif. File | Photo Credit: Reuters Pakistan recorded a current account surplus of $2.1 billion during the current fiscal year ending June 30, 2025, according to official data. Prime Minister Shehbaz Sharif hailed the development as…
India-EFTA trade pact to be implemented from October 1: Piyush Goyal
The Free Trade Agreement between India and the four-nation European bloc EFTA will be implemented from October 1, Commerce and Industry Minister Piyush Goyal said on Saturday (July 19, 2025). The two sides signed the Trade and Economic Partnership Agreement…
Some rules to open the gates of financial freedom
A luxury flat, SUV, holiday tour abroad and at least ₹1 crore in bank balance are everyone’s dream. However, only a few realise such kind of dreams and the remaining ‘unlucky’ lot end up thinking these are possible only for…
Household assets, liabilities – The Hindu
A logo of Reserve Bank of India at the RBI headquarters in Mumbai. File | Photo Credit: The HIndu The Reserve Bank of India (RBI) publishes data on financial assets and liabilities of households across India. A disturbing trend it…
Parliamentary panel clears Income Tax Bill 2025 with 285 suggestions, to be tabled in Monsoon Session
The committee, headed by senior BJP MP Baijayant Panda, is likely to submit the report in the upcoming Monsoon Session of Parliament. File | Photo Credit: PTI The Select Committee of Parliament that examines the Income Tax Bill-2025 is learnt…
Why is corporate investment lagging behind?
India is going through a rocky terrain as far as industrial production and corporate investment are concerned. On June 30, the Ministry of Statistics and Program Implementation (MoSPI) released the monthly growth rate of the Index of Industrial Production (IIP),…
Services exports cut India’s trade deficit by 9.4% in Q1
India’s overall trade deficit contracted 9.4% in the first quarter of this financial year to $20.3 billion on the back of a nearly 11% growth in services exports during this period, according to official data. | Photo Credit: Getty Images/iStockphoto…
Economy to grow at 6.5% in FY26 despite global tensions, trade uncertainties, says EAC-PM chairman Mahendra Dev
The Indian economy is expected to grow at 6.5% in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday (July 15, 2025). In…
Experience vs. passion assets – The Hindu
Investment is what you do with your savings. Spending is what you do to maintain current lifestyle. Then, there is discretionary spending, including spending on experiences and material goods. Here, we see why discretionary spending on some material goods can…
India’s wholesale price inflation dips to -0.13% in June
As per WPI data, food articles saw a deflation of 3.75% in June, as against a deflation of 1.56% in May, with vegetables seeing a sharp drop. File. | Photo Credit: Reuters Wholesale price inflation (WPI) declined to (-) 0.13%…
India’s poor have bank accounts but are increasingly going to money lenders for loans, data shows
File picture used for representation only. | Photo Credit: The Hindu While the financial inclusion programme of the Union government has meant that around 96% of the population has access to a bank account, the latest data and analysis on…
What is the state of inequality in India?
The story so far: A recent report by the World Bank has generated significant debate with regard to the true picture of inequality in the Indian economy. The report outlined a number of salutary outcomes; not only had extreme poverty…
Government net direct tax collections up to July 10 down 1.3% on higher refunds
This image is used for representational purpose only. | Photo Credit: Getty Images/iStockphoto The Central Government’s net direct tax collections up to July 10, 2025, have come in lower than in the same period of the previous financial year, according…
Sensex, Nifty tumble nearly 1% on selling in IT, auto stocks
Key benchmark indices Sensex and Nifty declined for the third session in a row on Friday (July 11, 2025), dropping nearly 1%, dragged by heavy selling in IT, auto and energy stocks. Tariff-related uncertainties amid mixed global market trends…
How can cat bonds plan for a natural disaster? | Explained
For representative purposes. | Photo Credit: Getty Images The story so far: While life insurance is a ubiquitous term in India, disaster risk insurance is not. A low penetration of disaster risk insurance for individual property and livelihoods leaves much…
Women MSMEs still struggle for credit despite schemes
Micro, Small and Medium Enterprises (MSMEs) have become instrumental in shaping India’s generating employment, creating revenue, and in global outreach. In 2024, MSMEs contributed nearly 30% to the GDP. The aim is to raise this to 35% in the current…
Stock markets close lower amid caution ahead of Q1 earnings; IT, oil shares drag
Stock markets closed lower on Wednesday (July 9, 2025) due to selling in IT and oil & gas shares as investors turned cautious ahead of the start of earnings season and mixed global trends. Dragged by late selling, the…
Sensex advances 270 points on fag-end buying in banking stocks, gains in Asian peers
Benchmark BSE Sensex closed higher by 270 points on Tuesday (July 8, 2025), helped by late-day buying in banking and select IT shares as well as positive trends in the Asian markets. The 30-share barometer rose by 270.01 points…
Rupee plunges 47 paise to close at 85.87 against U.S. dollar
Foreign institutional investors offloaded equities worth ₹760.11 crore on a net basis on (July 4, 2025, according to exchange data. File | Photo Credit: Reuters The rupee fell sharply by 47 paise to close at 85.87 (provisional) against the U.S. dollar…
No country with 28% poverty can claim to be ‘fourth most equal in the world’: Congress
Representative image | Photo Credit: Getty Images/istockphoto No country that has a poverty rate of 28.1%, as India did in 2022 according to the World Bank, can make a “justifiable” claim to being one of the most equal societies in…
Cooperative societies: Key to equitable development
Cooperative societies have a long history spanning more than a century in India. The concept of collaboration and cooperative activity was widespread throughout our nation even before legislation established cooperative organisations. It existed in the form of building assets like…
No trade deal under time pressure; national interest supreme, says Goyal on pact with U.S.
Union Minister of Commerce and Industry, Consumer Affairs and Food, and Public Distribution and Textiles, Piyush Goyal. File | Photo Credit: AP India does not enter into any trade agreement based on deadlines and will accept the proposed trade deal…
Indian Bank, PNB drop minimum balance charges
Image for representation only | Photo Credit: Getty Images/iStockphoto Indian Bank has announced complete waiver of minimum balance charges across all savings bank accounts effective July 7. Effective July 1, Punjab National Bank, too, has decided to waive penal charges for non-maintenance…
Are gig workers a part of India’s labour data?
Online food delivery workers at Namakkal in Tamil Nadu on July 1. | Photo Credit: SPECIAL ARRANGEMENT The 2025 Union Budget took several measures to formally ‘recognise’ gig and platform workers, and extended various social protection schemes to this growing…
PMI shows Indian services sector growth at 10-month high in June on sharp rise in new business
Wooden cubes with the letters PMI arranged in a vertical pyramid on banknotes, green plant in a flower pot on the background. PMI – short for Project Management Institute, business concept. | Photo Credit: Maks_Lab The seasonally adjusted HSBC India…
Rephasing global development finance – The Hindu
India’s development cooperation with the Global South has been showing a rising trend for the last several years. India has made consistent efforts to expand the facets of these engagements and has also almost doubled the flow of quantum —…
India-U.S. trade pact: Talks enter sixth day, India pushes for duty cuts for labour-intensive sectors
Hectic negotiations between India and the U.S. enter the sixth day on Tuesday (July 1, 2025) in Washington, with the talks reaching a crucial stage and New Delhi demanding greater market access for its labour-intensive goods, an official said. The…
Multilateral bank lending must ensure funds are used for intended purposes: FM Sitharaman
“India’s progress across all action areas of the Compromiso de Sevilla demonstrates that developing countries can be both beneficiaries and drivers of global development finance,” Nirmala Sitharaman said. | Photo Credit: The Hindu Finance Minister Nirmala Sitharaman on Tuesday (July…
Manufacturing PMI rises to 14-month high on buoyant export orders
A worker cuts a metal pipe at a workshop in an industrial area in the old quarters of Delhi. Image for representational. | Photo Credit: Reuters Manufacturing activity rose to a 14-month high in June 2025 on the back of…
IIP growth slips to 9-month low of 1.2% on broad-based slowdown
The manufacturing sector saw its growth rate nearly halving to 2.6% in May 2025 compared to 5.1% in May 2024, and 3.1% in April 2025. | Photo Credit: Reuters Growth in industrial activity in India slumped to a 9-month low…
Industrial output growth slows to 9-month low of 1.2 pc in May
During the April-May period of FY26, industrial production grew by 1.8% compared to 5.7% a year ago. | Photo Credit: Getty Images/iStockphoto India’s industrial production growth slowed to a nine-month low of 1.2% in May 2025 due to poor performance…
New draft of U.S. law cuts remittance tax to 1%, exempts bank and card transfers
The 3.5% tax proposal itself was a reduction brought into the Act in May from the original proposal of 5%. Image for representation. | Photo Credit: Getty Images/iStockphoto U.S. legislators have significantly diluted the provision in the proposed legislation to…
Finance Ministry asks public sector banks to monetise investments in subsidiaries via listing on bourses
The Finance Ministry has asked public sector banks (PSBs) to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise good return. There are about 15 subsidiaries or joint…
Too soon to sound the ‘all clear’ on the risk of rising oil prices: Finance Ministry report
The Department of Economic Affairs report said that the Indian economy may experience “nervous but exciting times” in the days ahead. Image for representation. | Photo Credit: Reuters It is too soon to sound the ‘all clear’ on the risk…
India’s economic activities resilient amidst global uncertainties: RBI Bulletin
File photo of The Reserve Bank of India (RBI) logo. | Photo Credit: Reuters Amid global uncertainties, various high-frequency indicators point towards resilient economic activity in India across the industrial and services sectors, the Reserve Bank Bulletin said on Wednesday…
India trying for U.S. trade deal by July 8 deadline
“We’re having some great deals. We have one coming up, maybe with India, a very big one, where we’re going to open up India,” U.S. President Donald Trump said during an event at the White on June 26, 2025. |…
Trump says ‘very big’ trade deal coming up with India
U.S. President Donald Trump said America is going to have a “very big” trade deal with India, hinting at significant progress in the negotiation process of a long-awaited bilateral trade agreement between the two countries. File picture of Union Commerce…
NSE’s new futures to hedge power price fluctuation loss
Power generators will hedge revenue, distribution companies hedge costs and traders bring liquidity according to NSE’s factsheet on the product. | Photo Credit: pixelfusion3d National Stock Exchange (NSE) is set to launch a new security called “Electricity Futures” in order…
India FDI inflows rise to $8.8 billion in April 2025 as repatriations drop
Image used for representative purpose only. | Photo Credit: V. Sudershan Foreign direct investment into India began financial year 2025-26 on a relatively strong footing, with gross inflows rising nearly 23% and net inflows more than doubling in April 2025,…
GST Council set to discuss reducing items in 12% slab
The agenda for the Goods and Services Tax (GST) Council at its next meeting will include deliberations on minimising the 12% tax slab and also finalising the tax treatment on service intermediaries, which could provide the sector relief worth thousands…
Why oil prices have declined and what are the potential implications? | Explained
India’s oil imports from Russia declined 14.5% in February, the lowest since January 2023. | Photo Credit: Reuters The story so far: Reversing course after being on an upward trajectory for about a week, oil prices slipped as much as…
SEBI proposes revamp of MIIs to boost governance
The markets watchdog proposed MIIs, like stock exchanges or clearing corporations, appoint two executive directors reporting to the Managing Director. | Photo Credit: HEMANSHI KAMANI Securities and Exchange Board of India (SEBI) proposed measures to strengthen the governance of market…
FM Nirmala Sitharaman: Not necessary to be in SEZs to export, now it can be done from districts
Union Finance Minister Nirmala Sitharaman addresses the India Exim Bank Trade Conclave 2025, in New Delhi, on June 24, 2025. | Photo Credit: PTI The Modi government’s approach towards enhancing India’s exports has meant that exporters no longer have to…
Inflation falls but not unemployment
At less than 3%, the inflation figure for May is well within the target set by the government of India. This has led to a celebration in the media of the Reserve Bank of India’s prowess in macroeconomic management, of…
Expansionary policies in a slowing economy
For representative purposes. | Photo Credit: Getty Images The Reserve Bank of India (RBI) has cut key lending rates in two successive meetings, indicating a significant expansionary shift. In April 2025, the repo rate was cut by 25 basis points,…
Steering the Indian economy amidst global troubles
The global economy is undergoing a significant transformation, marked by shifts in trade policies and continuing geopolitical tensions. We see a return of trade wars, the review of tariffs by countries as well as a surge in negotiations for bilateral…
Mcap of 6 of top-10 most valued firms jumps ₹1.62 lakh crore; Airtel, Reliance biggest gainers
Bombay Stock Exchange (BSE). | Photo Credit: Reuters The combined market valuation of six of the top-10 most-valued firms jumped ₹1,62,288.06 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers, in-line with an optimistic trend…
India’s forex reserves rise $2.29 billion to $698.95 billion
Forex reserves had touched an all-time high of $704.885 billion in end-September 2024. | Photo Credit: Reuters India’s forex reserves rose $2.294 billion to $698.95 billion for the week ended June 13, the RBI said on Friday (June 20, 2025)….
Net Direct Tax collection dips 1.39% to ₹4.59 lakh crore in April-June
Advance tax collection during April 1-June 19, 2025 grew a meagre 3.87% to ₹1.56 lakh crore. File | Photo Credit: Special arrangement Net direct tax collection so far this fiscal stood at ₹4.59 lakh crore, 1.39% lower compared to the…
I-T Dept’s data analysis has nudged taxpayers to declare ₹30,298 crore of foreign assets, income
A total of 24,678 taxpayers reviewed their ITRs and 5,483 taxpayers filed their belated return for the A.Y.2024-25. File. | Photo Credit: S. Siva Saravanan The Income Tax Department’s efforts to match data obtained from other countries, including Switzerland, with…
‘SEBI relaxing merchant banking norms may boost their profitability’
The amendments are a welcome move as they enhance investor protection and ensure that only credible and ‘well governed’ entities are allowed to act as intermediaries, says Sonam Chandwani, Managing Partner at KS Legal & Associates. | Photo Credit: HEMANSHI…
India seeking trade deals with rich, democratic countries: Goyal
Union Minister Piyush Goyal speaks during an interaction with Sir Ian Blatchford, Director & Chief Executive of the Science Museum Group, at the Future Frontiers Forum, in London on June 19, 2025. | Photo Credit: ANI Commerce and Industry Minister…
Why oil prices are increasing amidst Iran-Israel tensions | Explained
Image for representational purposes only. | Photo Credit: File Photo The story so far: Escalating tensions between West Asian nations Iran and Israel since last week sent prices of oil spiralling upwards with fears mounting about a potential disruption in…
Goyal optimistic about signing first tranche of U.S. trade deal before July 9
Union Minister of Commerce and Industry, Consumer Affairs and Food, and Public Distribution and Textiles, Piyush Goyal. File | Photo Credit: AP As the clock ticks towards U.S. President Donald Trump’s ‘reciprocal tariffs’ to kick in on July 9, Commerce…
Rupee rises 6 paise to settle at 85.51 against U.S. dollar
Indian money background. Cash. One hundred and five hundred Indian banknotes Seamless pattern. Design for a poster, business project, textiles, wallpaper. | Photo Credit: rvimages The rupee appreciated 6 paise to close at 85.51 (provisional) against the U.S. dollar on…
SEBI bans IIFL Securities’ Director Sanjiv Bhasin for front running
SEBI directed that the noticees be banned from trading in securities and associating with depositories, and to disgorge ₹11.37 crore jointly in addition to a penalty. File | Photo Credit: Reuters The Securities and Exchange Board of India (SEBI) has…
Trump says trade deal with China is done; China will supply rare earths, US to allow Chinese students
U.S. President Donald Trump said the trade deal is subject to final approval by him and Chinese President Xi Jinping. File | Photo Credit: Reuters U.S. President Donald Trump said on Wednesday (June 11, 2025) the U.S. deal with China…
Why have special economic zones rules been relaxed? | Explained
Assam Chief Minister Himanta Biswa Sarma inspects the progress of the semiconductor project, at Jagiroad in Morigaon, Assam on February 1. | Photo Credit: ANI The story so far: The Government of India has been taking various steps to boost…
Wholesale price inflation dips to 0.39% in May
A view of the wholesale vegetables market at Vashi, in Navi Mumbai. The wholesale inflation declined to 0.39% in May. | Photo Credit: PTI Wholesale price inflation (WPI) declined to 0.39% in May as prices of food articles, manufactured products,…
Centre to wield quality control ‘stick’ to drive exports
The Indian government is not keen on providing further subsidies to export-oriented sectors of the economy, according to a senior government official. Instead, the government is going to follow a more “carrot and stick” approach where quality control orders (QCOs)…
India’s goods, services exports may cross $900 billion this year: Piyush Goyal
India’s Minister of Commerce and Industry, Consumer Affairs and Food, and Public Distribution and Textiles, Piyush Goyal speaks at the Swissmem Industry Day in Bern, Switzerland, Tuesday, June 10, 2025. | Photo Credit: AP India’s goods and services exports during…
Indian stocks down 1% as U.S. says Israel may attack Iran
Indian stocks dipped 1% on Thursday (June 12, 2025) after United States withdrew diplomats from the West Asian nations saying that Iran was “not safe” and may be attacked by Israel. Benchmark Nifty 50 and Sensex fell 1% to 24,888,20 points…
RBI allows BCs to update KYC information
Reserve Bank of India (RBI) eased the Know Your Customer (KYC) norms for convenience of the customer according to a circular released June 12. Banks shall complete the KYC updation of customers who are flagged as ‘low risk’ whose KYC…
Midday trend: Indian stocks open low following Israel attack on Iran and recovers gradually inline with global bourses
Foreign Institutional Investors offloaded equities worth ₹3,831.42 crore on June 12, 2025, according to exchange data. File | Photo Credit: PTI Nifty opened 1.6% lower at 24,473 points in response to Israel’s attack on Iran, but recovered gradually in the middle…
Rupee plummets 56 paise to 86.08 against U.S. dollar in early trade
The 30-share BSE Sensex tanked 1,337.39 points to 80,354.59 in early trade on Friday (June 13, 2025), while the Nifty tumbled 415.2 points to 24,473. File | Photo Credit: The Hindu Rupee declined 56 paise to 86.08 against the U.S. dollar…
Moody’s downgrade and U.S. fiscal reality
Amid the chaos set in by churning events and spurring global uncertainty, there is an interesting financial trend that mainstream analysts are perhaps missing. It is well known in economic history how certain shifts don’t arrive with the roar of…
India slips to 131st position in Global Gender Gap Index 2025
India ranks 131 in the Global Gender Gap Index 2025 released by the World Economic Forum. File | Photo Credit: Reuters India has ranked 131 out of 148 countries in the World Economic Forum’s Global Gender Gap Report 2025, slipping…
India-EU FTA will elevate strategic partnership: Jaishankar
External Affairs Minister S. Jaishankar is with European Commissioner for Trade and Economic Security Maros Sefcovic during a meeting in Brussels on June 11, 2025. Photo: X/@DrSJaishankar via PTI India and the European Union have made progress in discussions…
Challenging times for global trade; India will certainly cross $825 billion exports this fiscal: Piyush Goyal
Piyush Goyal speaks at the Swissmem Industry Day in Bern, Switzerland on June 10, 2025. | Photo Credit: AP “The world trade is facing severe geo-political challenges, but India has consistently emerged as a winner in such times, and the…
Inflow into equity MFs hits 13-month low at ₹19,000 crore in May
Inflow in equity mutual funds slumped to its lowest level in 13 months to ₹19,013 crore in May, with large-cap, mid-cap and small-cap funds experiencing lowered inflows, primarily triggered by profit booking by investors. This also marks the fifth…
Key sectors in market may be overvalued: Kotak Institutional Equities
The conversation on valuation of stocks based on narratives becomes important in the context of increased retail investor participation in the market. | Photo Credit: HEMANSHI KAMANI Stocks of companies in key sectors may be overvalued and disconnected to the…
China’s exports climb 4.8% in May as shipments to U.S. fall nearly 10%
Trucks loaded with container move through a container terminal port in Shanghai, China. File | Photo Credit: AP China’s exports rose 4.8% in May from a year earlier, a bit lower than expected as shipments to the United States fell…
Maharashtra, Karnataka account for 51% of FDI in India in FY25: Government
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Maharashtra and Karnataka accounted for 51% of the foreign direct investment (FDI) inflows into the country during the last financial year 2024-25, according to the latest data of the Department…
What is India’s latest approach to localising EV manufacturing?
Image for representation only | Photo Credit: The Hindu The story so far More than a year since it was announced, the Ministry of Heavy Industries Monday notified guidelines of the Scheme to Promote Manufacturing of Electric Passenger Cars in…
Extreme poverty in India down to 5.3% in 2022-23: World Bank
“India has lifted 171 million people from extreme poverty in the decade between 2011-12 and 2022-23,” the World Bank said. File | Photo Credit: Getty Images/istockphoto , India’s extreme poverty rate declined sharply to 5.3% over a decade from 27.1% in…
GST returns to become time-barred from July tax period
Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto GST Network on Saturday (June 7, 2025) said beginning the July tax period, GST taxpayers will not be able to file monthly and annual GST returns after three years…
Indices rise 1% as RBI slashes repo rate by 50 basis points
Benchmark indices rose nearly 1% on Friday following the Reserve Bank of India (RBI)‘s repo rate cut of 50 basis points. Markets opened lower and hit an intra-day low within hours of the opening trading session, but shot up immediately after…
RBI cuts CRR by a steep 1%, to unlock ₹2.5 lakh crore to bank funds by December
File photo of Reserve Bank of India Governor Sanjay Malhotra. | Photo Credit: Reuters Reserve Bank on Friday (June 6, 2025) decided to cut Cash Reserve Ratio (CRR) by a huge 1%, which will unlock ₹2.5 lakh crore liquidity to…
Should India amend its nuclear energy laws?
Discussions are ongoing in India to amend the nuclear liability framework, regulated by the Civil Liability for Nuclear Damages Act (CLNDA), 2010, and the Atomic Energy Act (AEA), 1962, to allow private companies to build and operate nuclear energy-generation facilities….
Rupee falls 29 paise to close at 85.90 against U.S. dollar
Foreign institutional investors sold equities worth ₹2,853.83 crore on a net basis on June 3, 2025, according to exchange data. File | Photo Credit: Reuters The rupee depreciated for the second consecutive session and settled for the day lower by 29…
RBI’s monetary policy panel starts deliberations; decision on June 6
The Reserve Bank’s rate-setting panel started its three-day brainstorming on monetary policy as expectations are high of a 25 Basis Points (bps) or even a jumbo 50 bps rate cut to fuel economic growth amid uncertainties created by Donald Trump’s…
Is India the world’s fourth largest economy?
Over the past week, much media space was devoted to discussions around the size of India’s economy relative to other economies of the world. These discussions were based on the new estimates of the Gross Domestic Product (GDP) of various…
Sensex tanks 762 points in early trade, Nifty drops to 24,538 level on weak Asian market trends
“On the domestic front, the tailwinds are getting stronger with the latest Q4 GDP growth data coming at 7.4%, which is much better-than-expected,” | Photo Credit: PTI Benchmark equity indices, Sensex and Nifty, on Monday morning (May 30, 2025) tumbled…
Rupee declines 10 paise to 85.49 against U.S. dollar in early trade
Indian rupee weakens against the dollar amid volatile equity markets and RBI policy deliberations, while GDP growth exceeds expectations. File | Photo Credit: Reuters The rupee depreciated 10 paise to 85.49 against the U.S. dollar in early trade on Tuesday…
₹2,000 notes worth ₹6,181 crore still in circulation: RBI
Image for representational purpose only. File | Photo Credit: R. Ragu The high-value ₹2,000 notes worth ₹6,181 crore are still in circulation after two years of the Reserve Bank withdrawing the currency, according to official data released on Monday (June…
India’s manufacturing sector growth falls to three-month low in May
On the price front, in addition to greater material costs, manufacturers also reported greater outlays on freight and labour. File | Photo Credit: Reuters India’s manufacturing sector growth fell to a three-month low in May, restricted by inflationary pressures, softer…
ATF price cut by 3%, commercial LPG rate down by ₹24
Representational file image. | Photo Credit: P.V. SIVAKUMAR The price of jet fuel, or ATF, was on Sunday (June 1, 2025) slashed by 3% – the third straight monthly reduction on softening international benchmark prices. The fall in international benchmark…
Net financial savings may touch ₹22 lakh crore in FY25: SBI research report
The report said the growing capital pool is crucial for funding government and corporate deficits and supporting macroeconomic stability. File | Photo Credit: Reuters State Bank of India (SBI) in its latest economic research report said that based on the…
GDP growth in India slows to 6.5% in 2024-25, slowest since the pandemic
The manufacturing sector’s growth stood at 4.8% in Q4 of FY25, the second fastest quarterly growth in the year, on a high base of 11.3% in Q4 of the previous year. Representational file image. | Photo Credit: B. Velankanni Raj…
Finance Ministry recommendations on gold loan norms ‘progressive step’: Muthoot Finance MD
Image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The recommendations made by the Department of Financial Services, under the Union Finance Ministry, on the Reserve Bank of India’s draft gold loan norms mark a progressive step…
Additional instalment of tax devolution to be released to States on June 2: Finance Ministry
Representational image | Photo Credit: Getty Images/iStockphoto The government on Friday (May 30, 2025) approved an additional instalment of ₹81,735 crore as tax devolution to States, which will be released on June 2. This release is in addition to the…
Finance Ministry instructs RBI to ensure gold loan rules do not adversely impact small borrowers
Photo used for representation purpose only. | Photo Credit: The Hindu The Ministry of Finance has asked the Reserve Bank of India to ensure that the central bank’s draft regulations on gold loans do not adversely impact small gold loan…
e-Rupee in circulation grows to ₹1,016 crore; RBI explores cross-border CBDC pilots
“The RBI is exploring the commencement of CBDC pilots on cross-border payments,” it said in the annual report. File | Photo Credit: Reuters “The value of Central Bank Digital Currency (CBDC) or e-rupee in circulation jumped to ₹1,016 crore at…
India poised to remain fastest growing major economy in FY26: RBI
The Reserve Bank of India seal on a gate outside the RBI headquarters in Mumbai. File | Photo Credit: Reuters The country is poised to remain the fastest growing major economy in the world even in FY26, the Reserve Bank…
IIP growth slows to an 8-month low of 2.7% in April
Image used for representative purpose only. | Photo Credit: Reuters Growth in industrial activity in the country slowed to an eight-month low of 2.7% in April 2025, dragged down by lower activity in several sectors, including mining and quarrying, electricity,…
Export boost: Government restores RoDTEP scheme, allows leather exports from all ports
Representational image of a manufacturing unit of a footwear company near Coimbatore, Tamil Nadu | Photo Credit: M. Periasamy The Ministry of Commerce and Industry has, over the last few days, taken steps to enhance the competitiveness, cost-effectiveness and reach…
Govt extends income tax returns filing deadline to September 15, 2025 from July 31
CBDT has extended the deadline for filing income tax returns. File The Central Board of Direct Taxes (CBDT) has extended the deadline for filing income tax returns (ITRs) for the financial year 2024-25 to September 15 from the earlier deadline…
Soft China dampens Asia LNG demand while Europe’s imports ease: Russell
Blame for the decline can largely be attributed to China, the world’s biggest LNG importer, where volumes have slipped this year amid high spot prices that have rendered LNG uncompetitive against domestic output and natural gas supplied via pipelines from…
TCS splits AI.Cloud business unit for higher growth
The company is hiring specialist AI talent from the market who are proficient and also focusing on training the existing talent within the organisation by revamping the training curriculum. File | Photo Credit: Reuters The country’s largest IT services company,…
Markets rebound nearly 1%; Sensex surges over 760 points as FMCG, power shares gain
Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,045.36 crore on May 22, 2025, according to exchange data. | Photo Credit: PTI Benchmark indices Sensex and Nifty rebounded sharply by nearly 1% on Friday (May 23, 2025), propelled by buying in…
How will land ports closure impact the region? | Explained
Representative image | Photo Credit: The Hindu The story so far: On May 17, the Directorate General of Foreign Trade shut down all land ports with Bangladesh for export of apparel (readymade garments) from Bangladesh. The order also shut down…
Where does the RBI’s surplus come from? | Explained
The story so far: Putting an end to much speculation, the Reserve Bank of India’s Central Board on Friday (May 23, 2025) announced that it had decided to transfer ₹2.69 lakh crore to the Central government as a surplus for…
RBI to pay govt record dividend of ₹2.69 lakh crore for FY25
Reserve Bank of India (RBI) approved the transfer of ₹ 2,68,590.07 crore as surplus to the Centre. File | Photo Credit: Reuters The Reserve Bank of India (RBI) on Friday (May 23, 2025) approved the transfer of ₹2,68,590.07-crore as surplus…
IMF confirms Pakistan funding issue didn’t come up for voting
The IMF’s statement, made as part of a press conference by its director of communications Julie Kozack (in picture) in Washington on May 22, 2025, confirms the May 10, 2025 report by The Hindu which explained that the matter did…