MUMBAI: The Reserve Bank of India (RBI) has allowed banks to lend to real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) based on the cash-flow track record of underlying assets, replacing the draft proposal that required such trusts to complete three years of operations before becoming eligible...
MUMBAI: The Reserve Bank of India (RBI) on Wednesday consolidated regulatory instructions relating to risk management, compliance and internal audit functions for commercial banks, requiring lenders to establish dedicated control functions headed by a chief risk officer (CRO), chief compliance officer (CCO) and head of internal audit (HIA). The...
NEW DELHI: Amid an uncertain global situation owing to ongoing regional wars, India’s economy expanded 7.8 per cent in the January-March quarter, exceeding forecasts on strong domestic demand and government expenditure. The GDP growth compared with 7 per cent expansion a year back and 8 per cent in the...
NEW DELHI: Findings by the World Inequality Lab in ‘Global Justice Report: A Plan for Equality and Prosperity With Planetary Boundaries’ indicated that India is likely to surpass China in terms of its share of global GDP measured in purchasing power parity (PPP) by 2060. The report also added...
MUMBAI/NEW DELHI: The Reserve Bank of India (RBI) and the central government unveiled a package of measures on Friday aimed at attracting foreign capital amid the West Asia crisis, with economists estimating the steps could generate up to $50 billion in inflows — potentially enough to cover much of...
MUMBAI: The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) has left the policy repo rate unchanged at 5.25 per cemt for a third consecutive meeting, citing mounting global uncertainties, including the absence of a peace deal between the US and Iran. The central bank...
NEW DELHI: The ongoing West Asia conflict poses significant supply- and demand-side risks to India’s economy. However, high-frequency indicators through April and early May 2026 suggest that domestic demand and economic activity have remained resilient despite emerging signs of stress, Chief Economic Adviser V. Anantha Nageswaran said on Friday....
NEW DELHI: India and the US on Thursday wrapped up another round of discussions on an interim trade deal, as both sides sought to bridge gaps in their respective positions. A statement issued by the government after the conclusion of the bilateral talks that began on Monday was, however,...
NEW DELHI: India’s informal enterprises are getting a productivity and formalisation push from digitalisation, with a one-unit increase in digital adoption being associated with roughly a 76 per cent rise in labour productivity, according to an analysis of the Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025 by SBI...
NEW DELHI: India is likely to pursue an investment commitment, similar to provisions in some of its latest free trade agreements (FTAs), under the proposed Comprehensive Economic Partnership Agreement (CEPA) with Canada, an official aware of the matter said. “Both sides will sit together to decide what quantum of...
NEW DELHI: Uzbekistan is courting Indian pharmaceutical, nutraceutical and biotechnology companies as it seeks to transform itself into a manufacturing and export hub for the Commonwealth of Independent States (CIS) region, Uzbekistan Health Minister Abdulla Azizov said during an interaction in India. Uzbekistan has set an ambitious target of...
NEW DELHI: India’s global capability centres (GCCs) are increasingly hiring AI and engineering talent through contract and project-based models, driven by rising demand for specialised skills and faster deployment, as companies move away from traditional workforce expansion towards flexible, outcome-focused teams. Industry executives say the shift has become more...
NEW DELHI: The Union Cabinet on Wednesday approved a one-time price stabilisation fund of ₹10,000 crore to help Indian airlines manage soaring aviation turbine fuel (ATF) prices amid the ongoing West Asia conflict. The support will be provided to oil-marketing companies (OMCs) in the form of interest-free advances through...
NEW DELHI: The United States (US) has proposed an additional 12.5 per cent tariff on India and 53 other countries, citing their alleged failure to stop imports made with forced labour in third countries, even as officials from India and the US tried to finalise an interim trade deal....
The Organisation for Economic Co-operation and Development (OECD) on Wednesday raised its growth forecast for India by 20 basis points to 6.3 per cent for the current financial year (FY27). However, it flagged that energy price shocks amid the conflict in West Asia are weighing on economic activity and...
NEW DELHI: India is preparing to roll out new measures aimed at attracting more foreign money into the country, with key decisions likely to be taken as early as this week. According to Bloomberg, citing people familiar with the matter, the Union Cabinet is expected to discuss a major...
NEW DELHI: India’s services sector expanded at its fastest pace in six months in May. The HSBC India Services PMI rising to 59.8 from 58.8 in April amid stronger demand and higher new business inflows. The HSBC India Composite PMI Output Index, which tracks both manufacturing and services activity,...
NEW DELHI: The government plans to phase out the Wholesale Price Index (WPI) over the next five years and introduce a more comprehensive Producer Price Index (PPI) covering output, input and services prices, saying the move will provide a more accurate measure of inflation trends in the economy. Speaking...