Business
IMF Reclassifies India’s Forex Regime As ‘Floating’ After Year Of Stability Tag
NEW DELHI: The International Monetary Fund (IMF) has reassigned the ‘floating’ label for the Rupee’s exchange rate arrangement, citing declining forex interventions by the central bank in recent times. In 2023, the Fund had dropped the floating tag and termed India’s de facto exchange rate policy a ‘stabilised arrangement’,...
Informal Sector GVA Estimates To Get A Leg Up In New GDP Series
NEW DELHI: The new Gross Domestic Product (GDP) series with 2022-23 as the base year will be marked for a new element of dynamism in estimating the household sector. It will have the gross value added (GVA) estimates of the large unincorporated sector compiled using industry-wise productivity information, the...
SEBI Steps In To Fortify Bond Markets
BENGALURU/MUMBAI: At a time, when retail participation in the bond market has been rising at a fast clip, the Securities and Exchange Board of India’s (Sebi) latest release, cautioning against unregistered online bond platform providers (OBPPs) is expected to serve as a wake-up call and put pressure on unregulated...
India On Track To Surpass $4 Trillion GDP In FY26: CEA
NEW DELHI: India is on track to exceed the $4 trillion milestone in 2025-26 (FY26), surpassing the $3.9 trillion gross domestic product (GDP) mark recorded at the end of March 2025, Chief Economic Adviser (CEA) V Anantha Nageswaran said on Tuesday. Delivering a keynote address at the IVCA GreenReturns...
Seasonality Rises In Demand Deposits, Banks’ Cash In Hand, Says RBI Report
MUMBAI: While seasonality in India’s macroeconomic indicators remained broadly stable, several key variables — like banking aggregates, vegetable prices, industrial output and payment systems — are showing more seasonal fluctuations, according to a Reserve Bank of India study. In a report titled Seasonality in Key Economic Indicators of India,...
GDP In Second Quarter To Grow At 7-7.5 Per Cent
NEW DELHI: The economy continues to be on a strong footing as analysts expect the second quarter GDP to grow at 7-7.5% boosted by high rural consumption as a result of low inflation and GST rate rationalization. Though the second quarter GDP growth is estimated to be lower than...
FY27 Budget Should Streamline Withholding Tax Regime: Deloitte
NEW DELHI: The Budget for 2026-27 should streamline the withholding tax regime and introduce tax incentives to drive investment and innovation in emerging and high-potential sectors like R&D, renewable energy, Deloitte India said on Tuesday. Deloitte India, in its FY 2026-27 Budget wishlist, also recommended that the government should...
Employment In Unincorporated Sector Rises To 12.85 Crore In Q2
NEW DELHI: Employment in the Unincorporated Sector Enterprises (USE) rose marginally to 12,85,95,600 in July-September from 12,85,72,500 in the preceding quarter, a government survey, released on Tuesday, showed. The National Statistics Office (NSO) released Quarterly Estimates of the Unincorporated Non-Agricultural Sector for the July-September 2025, an official statement said....
India and Canada To Reboot Trade Deal Negotiations After Two Years
NEW DELHI: After a gap of more than two years amid a tumultuous bilateral relationship, India and Canada have finalised a broad framework and agreed to restart negotiations for a Comprehensive Economic Partnership Agreement (CEPA). Prime Minister Narendra Modi and his Canadian counterpart, Mark Carney, met late on Sunday...
Rate-Cut Room Intact, Signals RBI Governor Malhotra; Bond Yields Decline
MUMBAI: The yield on the 10-year benchmark government bond fell on Monday, after Reserve Bank of India (RBI) Governor Sanjay Malhotra said the scope for further rate cuts — as indicated during the October monetary policy meeting — had not diminished, as suggested by the latest data. He added,...
India, EU To Firm Up FTA, Defence Agreement At January 27 Summit
NEW DELHI: With the world order looking wobbly, the European Union is eyeing to forge a broad global agenda in partnership with India and the two sides are set to firm up a free trade pact, a defence framework agreement and a strategic agenda at their annual summit on...
NBFCs Face Funding Pressure Despite Healthy Outlook: Crisil Ratings
MUMBAI: Despite broadly healthy balance sheets and a robust credit demand outlook, non-banking financial companies (NBFCs) are facing a tightened funding environment, Crisil Ratings said on Monday. While large NBFCs continue to access bond markets comfortably, mid-sized and emerging players are increasingly struggling to secure stable, low-cost funding, the...
Labour Codes To Bring More Clarity & Broaden Social Security Coverage
NEW DELHI: The Ministry of Labour and Employment has announced the implementation of the four Labour Codes with effect from November 21 2025. The rollout of new Labour Codes represents a path-breaking policy reform to modernise the extant labour laws and protect the vulnerable sections of the workforce, which...
Centre Pushes Labour Reforms, Notifies Codes; Draft Rules Out Soon
NEW DELHI: The implementation of the four Labour Codes, notified on Friday, is set to increase operating costs for large companies due to mandated higher wage-related expenses and stricter accountability for safety and working conditions. However, companies will benefit from simplified compliance requirements, including a single registration, a PAN-India...
Flash PMI Falls To 6-Month Low At 59.9 In November; New Hiring Slowest In 18 Months
MUMBAI: After a record run, primarily driven by the front-loading of exports to the US and also the early arrivals of the festive season, which had ramped up the business activity to record highs in the previous months, decelerated a tad to hit a six-month low in November at...
PSU NBFCs Plan To Raise Up To ₹24,000 Crore Through Bonds Next Week
MUMBAI: Ahead of the Reserve Bank of India’s (RBI’s) monetary policy review in the first week of December, major financial companies — such as Nabard, Sidbi, PFC, and IRFC — plan to raise up to ₹24,000 crore together through bond issuances next week. Majority of the issuances amounting to...
Govt Cuts Gratuity Eligibility To 1 Year From 5 Years Under New Labour Codes
NEW DELHI: In a major reform that will benefit lakhs of employees who frequently switch jobs, the Government of India has reduced the minimum service requirement for gratuity from five years to just one year under the new Labour Codes that come into force from today, i.e. 21st November...
Big Step Towards Accelerating Formal, High-Productivity Jobs: Experts
NEW DELHI: Hanging fire since 2019-20, the four labour codes will go a long distance towards universalising minimum wages and social security for all workers and accelerate formal job creation, experts said. The codes, they said, will also significantly ease the compliance burden and the retrenchment process, aligning with...
