Business
India Anchor Of Stability In Volatile World: RBI Guv Sanjay Malhotra
NEW DELHI: India’s macro-economic fundamentals have continued to remain very strong, and the country has become an anchor of stability in a volatile world, Reserve Bank Governor Sanjay Malhotra said on Friday. Speaking at Kautilya Economic Conclave 2025 here, the governor attributed the country’s strong fundamentals to low inflation,...
NITI Aayog Proposes Optional Presumptive Tax Regime For Foreign Investors
NEW DELHI: Government think tank Niti Aayog has proposed an optional industry-specific presumptive taxation scheme for foreign companies. The proposal is aimed at enhancing tax certainty and predictability for foreign investors, which Niti Aayog identifies as a critical impediment to maximizing Foreign Direct Investment (FDI) inflows. It has warned...
India’s Economy Is Stronger Than Trump Thinks, But Needs Structural Reform
India has long benefitted from geopolitical arbitrage, maintaining working relationships with Russia, the United States, and Europe. But this delicate balancing act is now being tested by a series of policy shocks delivered by US President Donald Trump’s administration. These disruptions, unlikely to ease anytime soon, raise a critical...
Govt Extends Deadline For PLI Scheme For Textiles Applications Till December 31
NEW DELHI: The government has extended the deadline for submitting applications for the PLI Scheme for Textiles. In a press notification, the Ministry of Textiles stated that the application for the PLI scheme will be open until December 31, 2025. The Ministry of Textiles stated that the application deadline...
M&A Funding, Easing Credit Caps To Large Companies Can Get Banks Rs 5.7 Trillion In Additional Credit Demand
MUMBAI: The massive reform strokes that the Reserve Bank has announced Wednesday to oil the credit flow to the economy by easing a host of restrictive regulations of the past can lead to incremental credit demand in the north of around Rs 5.7 trillion a year—just from easing the...
RBI Proposes Basic Savings Bank Deposit Account As A Standard Service
MUMBAI: Banks must offer customers a “basic savings bank deposit” (BSBD) account, including free facilities and without having to maintain a minimum balance, the Reserve Bank of India (RBI), in a draft circular, has said. “The ongoing (digitisation) of the banking sector requires a BSBD account that is in...
Government Plans Major Reforms Of National Pension System
NEW DELHI: Even as the Unified Pension Scheme, which offers assured pension, has failed to gain much traction among government employees, the government is considering bolstering the market-linked National Pension System with additional flexibility and options for the subscribers. The new options to be available to the NPS subscribers...
Govt’s Electronics Parts Manufacturing Drive Sees 1.1 Lakh Crore Proposals
NEW DELHI: Govt’s efforts to deepen the Indian component ecosystem for electronics has received a massive boost, with domestic and international companies putting in applications for investing over Rs 1.1 lakh crore in new projects, almost twice to the original target. This has the potential to result in creating...
Households See Easing In Price Pressures In Major Food And Non-Food Products: RBI Survey
NEW DELHI: The households in the country reported easing of price and inflationary pressures in the latest round of the Reserve Bank of India’s (RBI) bi-monthly Inflation Expectations Survey of Households (IESH). The September 2025 round of the survey indicated moderation in expected price rise across key product categories,...
IIP Growth Slows To 4% In August As Manufacturing Output Weakens
NEW DELHI: Despite a favourable base effect, growth in the industrial production moderated to 4 per cent in August from an upwardly revised figure of 4.3 per cent in July, on the back of a slowdown in the manufacturing sector growth, according to the data released by National Statistics...
Moody’s Retains ‘Stable’ Outlook For India
NEW DELHI: Global rating Moody’s on Monday affirmed India’s long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at ‘Baa3’ with a ‘stable’ outlook on the back of robust economic growth and sound external position. The rating agency also affirmed India’s other short-term local-currency rating at...
Centre Mulls System For Earning Warning Of Potential Insolvency
NEW DELHI: The ministry of corporate affairs (MCA) is developing an early warning system (EWS) to identify companies at the risk of insolvency, a move that will facilitate preemptive action to avert industrial sickness. The system, which will help detect defaults prior to their occurrence, will be designed in...
Tata Capital Eyes ₹1.38 Trillion Market Capitalisation In Largest NBFC IPO
MUMBAI: Tata Capital is set to launch India’s largest ever initial public offering (IPO) by a non-banking financial company (NBFC), valuing the Tata group firm at ₹1.38 trillion. This will make the company India’s fifth-most-valued NBFC after Bajaj Finance (₹6.12 trillion), Bajaj Finserv (₹3.2 trillion), Jio Financial Services (₹1.87...
Upstream Oil Firms Increase Tech Focus, Seek Contract Reforms
NEW DELHI: Decades of incremental policy reforms by India to attract investments by Big Oil haven’t yielded the intended outcome. National hydrocarbon production has stagnated over recent decades, and import dependence for oil has remained the most obvious macroeconomic vulnerability for the country. Thankfully, this has of late led...
India And US Discuss Contours Of Trade Deal; Seek Early Conclusion
NEW DELHI: India and the United States (US) discussed and exchanged views on the “possible contours” of a trade deal during Union Commerce and Industry Minister Piyush Goyal’s visit to New York earlier this week, according to an official statement issued on Friday. Both sides will continue their engagements...
Reforms To Boost Growth, But Tariff Suspense A Risk, Says FinMin
NEW DELHI: The Centre’s reform agenda, such as the recent goods and services tax (GST) rate rationalisation, is expected to cushion the economy against the adverse effects of tariffs and trade disruptions, but persistent tariff uncertainties could impact export sectors and pose spillover risks to domestic employment, income and...
Centre Pegs H2 Market Borrowings At Rs 6.77 Lakh Crore
NEW DELHI: The Centre on Friday announced gross market borrowings of Rs 6.77 lakh crore, including Rs 10,000 crore through issuance of Sovereign Green Bonds, for the second half of the current fiscal year, even as it reduced the share of long-tenure bonds, deferring market sentiments. Economic affairs secretary...
S&P Forecasts Rupee Sliding To 91 By FY29
The rupee is under pressure for the past couple of sessions. In fact the currency hit all-time lows of 89/$ recently. Though the rupee rebounded from its all-time low to close 4 paise higher at 88.72 (provisional) on Friday against the US dollar, but the pain may not end...
