MUMBAI: To curb rising fraudulence in digital payments, the Reserve Bank of India (RBI), in a discussion paper released on Thursday, has suggested measures such as introducing a requirement of one hour delay for digital payments worth more than ₹10,000 to be credited to a beneficiary’s account. Among the...
NEW DELHI: Assocham Secretary-General Saurabh Sanyal said here on Thursday that Uttar Pradesh will reach the one trillion-dollar economy before 2035, looking into the way it was progressing as far as investment was concerned. Sanyal was in the city to participate in the Uttar Pradesh Manufacturing Conclave organised by...
NEW DELHI: Prolonged periods of elevated oil prices can significantly impact the Indian economy, even though there were ample buffers to cushion shocks due to prevailing geopolitical uncertainties, World Bank economists said on Thursday. Speaking at an event hosted by the National Council of Applied Economic Research (NCAER), Aurelien...
NEW DELHI: With global risks tilted to the downside due to frequent geopolitical shocks, India’s experience offers a model of navigating volatility through structural reforms, policy discipline, and innovation, Principal Secretary-2 to the Prime Minister of India Shaktikanta Das said on Thursday. The global economy has been grappling with...
NEW DELHI: Amid the conflict in West Asia, which has come to a brief pause following a temporary ceasefire declared recently, Indian External Affairs Minister S Jaishankar is set to visit the United Arab Emirates from April 11 to 12 to review bilateral ties, the Ministry of External Affairs...
MUMBAI: The Reserve Bank on Wednesday projected India’s GDP growth for the current financial year at 6.9 per cent, lower than 7.6 per cent estimated for 2025-26, amid elevated commodity prices and supply chain disruptions originating from West Asia crisis. Unveiling the first bi-monthly monetary policy for 2026-27, RBI...
NEW DELHI: Telecom sector regulator Trai has started exploring options to allow direct transmission of communication services from satellites to mobile phones to support ubiquitous connectivity in the country, particularly in rural and remote areas. In a consultation paper on the framework for satellite communication network authorisation floated on...
NEW DELHI: The World Bank on Wednesday upgraded its forecast for India’s Gross Domestic Product (GDP) growth in FY 2026-27 (FY27) by 30 basis points to 6.6 per cent compared to its October 2025 forecast of 6.3 per cent, citing robust domestic activity even as it expects inflation to...
MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) on Wednesday issued revised information and cyber security guidelines for regulated entities to strengthen the cybersecurity framework for insurers and intermediaries, mandating tighter governance, enhanced board accountability and more frequent risk reviews. Under the revised norms, the Information Security...
NEW DELHI: Barriers in access to transport, workplaces and digital systems are constraining labour force participation in India with an estimated 34 per cent of the population facing mobility-related limitations affecting jobs and skilling, said a report by audit firm KPMG and Svayam, a non-profit focused on accessibility, released...
MUMBAI: Bank credit is set to grow at 13 per cent in FY27, driven by healthy growth in the micro, small and medium enterprise (MSME) and retail sectors, as well as the continued preference of corporates for bank credit rather than issuance of bonds amid the prevailing interest rate...
NEW DELHI: The Government is considering a INR 2.5 lakh crore credit guarantee scheme to support businesses, especially MSMEs impacted by the West Asia crisis, sources said. Under the scheme, a credit guarantee of about 90 per cent on loans of up to INR 100 crore would be provided...
BENGALURU: The global AI investment reached $800 billion in 2025, with venture capital funding nearly doubling to $226 billion. Notably, 79 per cent of this capital was concentrated in mega-rounds ($100 million+), underscoring a market increasingly driven by larger, high-conviction bets, according to SenseAI Ventures’ report, State of AI...
NEW DELHI: Telecom operators may soon be required to offer voice and SMS-only recharge packs across all validity options, under a draft regulation issued by the Telecom Regulatory Authority of India (TRAI). The proposal is aimed at improving access for non-data users and ensuring fair pricing, amid concerns that...
MUMBAI: The Reserve Bank of India (RBI) has proposed draft norms on branch authorisation and the use of business correspondents (BCs), introducing a structured framework that classifies BCs into two categories—Business Correspondent-Banking Outlets (BC-BOs) and Business Correspondent-Banking Touchpoints (BC-BTs). Under the draft circular, the RBI proposed doing away with...
NEW DELHI: India’s services sector growth momentum rose at the softest pace in 14 months in March, mirroring the slowdown in new business intakes, a monthly survey said on Monday. The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 58.1 in February to 57.5 in March,...
NEW DELHI: Average salary increments across India Inc. are expected to remain largely stable at 9.1 per cent in 2026, marginally higher than the 9 per cent increase recorded in 2025, according to the “Deloitte India Talent Outlook 2026” report released by Deloitte on Monday. The survey, conducted between...
NEW DELHI: The India SME Forum has submitted a policy proposal to the government, seeking emergency support for energy-intensive Micro, Small and Medium Enterprise (MSME) clusters, such as Morbi’s ceramics hub and Firozabad’s glass industry. Rising fuel costs and shipping disruptions linked to the West Asia crisis are beginning...