Business
Industry Body Suggests Policies For A Competitive And Developed India
NEW DELHI: The Confederation of Indian Industry (CII) on Sunday unveiled a blueprint to accelerate India’s economic growth through a raft of reforms, including in factors of production, a simplified single GST structure, rationalised tariffs and implementation of labour codes. The industry body, in its report “Policies for a...
Sale Of IDBI Bank A Step Closer After LIC Gets SEBI Nod
MUMBAI: Paving the way for the sale of IDBI Bank, Sebi has approved the reclassification of Life Insurance Corporation as a public shareholder from promoter of the bank once the sale transaction is concluded. The regulator’s nod is subject to conditions, including LIC’s voting rights being capped at 10%,...
RBI May Not Change Stance But Adjust A Bit
MUMBAI: Economists expect India’s monetary policy framework, currently under review, to remain largely unchanged with the target of 4% retail inflation and headline number as the primary anchor. However, there could be some tweaking to make the central bank’s communication of inflation goals more effective, especially with regards to...
RBI Floats Discussion Paper To Review Inflation Targeting Framework
MUMBAI: Ahead of the second review of the country’s flexible inflation targeting framework (FIT) due in March 2026, the Reserve Bank of India (RBI) on Thursday floated a discussion paper seeking feedback on four critical questions, including the appropriateness of persisting with the 4 per cent goal and if...
GDP Growth Likely To Be Lower At 6.3% In FY26: SBI Report
NEW DELHI: India’s economic growth is expected to be lower at 6.3 per cent this fiscal compared to the RBI’s projection of 6.5 per cent, a SBI Research Report said on Thursday. The report pegged the first quarter GDP estimate at around 6.8-7 per cent, mainly due to muted...
GoM Backs GST Rejig; States Flag Risk To Revenue Ahead Of Council Meet
NEW DELHI: The group of ministers (GoM) on rate rationalisation, comprising state finance ministers, has endorsed the Centre’s proposal for a two-tier goods and services tax (GST) structure and will recommend it to the GST Council, said Samrat Choudhary, Bihar deputy chief minister and GoM convener, on Thursday. The...
SEBI Looking To Introduce Regulated Platform For Pre-IPO Trading: Chairman
MUMBAI: Markets regulator SEBI chairperson Tuhin Kanta Pandey on Thursday suggested introducing a regulated platform for pre-IPO (initial public offering) share trading, potentially replacing existing grey market operations. This new platform may permit investors to trade shares in a regulated environment in the three-day period between IPO allotment and...
India, Russia Target $100 Billion Trade By 2030
NEW DELHI: India on Thursday sought speedy resolution of non-tariff barriers and regulatory impediments for a more balanced trade with Russia. Addressing a press conference after his meeting with Foreign Minister of Russia Sergey Lavrov in Moscow, external affairs minister S Jaishankar said, “We reaffirmed the shared ambition to...
GoM To Propose GST Exemption On Health, Life Insurance For Individuals
NEW DELHI: The GST Group of Ministers (GoM) has today proposed to completely exempt premiums paid towards health and life insurance policies from the GST levy, ET reported. While this may seem like a great move to make insurance-related products more affordable for Indians, the final decision rests with...
SEBI May Raise Minimum Block Deal Size, Widen Permissible Price Range
MUMBAI: The Securities and Exchange Board of India (Sebi) is considering a fresh round of reforms to its block deal framework, with proposals to raise the minimum trade size and widen the permissible price range, according to people familiar with the matter. The markets regulator, according to the sources,...
Growth In Core Sector Activity Slows To 2 Per Cent In July
NEW DELHI: Growth in industrial activity in India’s eight core industries slowed to 2% in July 2025, dragged down by contractions in the fossil fuel categories, according to data released on Wednesday (August 20, 2025). Steel and cement sectors, however, witnessed double-digit growth. The Index of Eight Core Industries,...
Indian Retail Sector To Reach $1.93 Trillion By 2030: Deloitte-FICCI Report
NEW DELHI: Anchored by a deep home market which can act as a buffer against global trade volatility, the Indian retail sector is projected to nearly double to $1.93 trillion by 2030 from $1.06 trillion in 2024, growing at a compound annual growth rate (CAGR) of 10 per cent,...
India, Russia-Led Trade Bloc To Commence Talks For FTA
NEW DELHI: India and the Eurasian Economic Union (EAEU) signed the terms of reference to launch negotiations for a free trade agreement (FTA) in Moscow on Wednesday, a move that comes amid the US-India trade tensions. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyz Republic, and Russian Federation. India signed...
SEBI Proposes Lower Dilution For Mega IPOs, Extended MPS Timelines
MUMBAI: The Securities and Exchange Board of India (Sebi) on Monday proposed lowering the minimum dilution requirement for mega initial public offerings (IPOs), a move expected to benefit large listings such as Reliance Jio Infocomm and the National Stock Exchange (NSE). Under the proposed norms, companies with a market...
India Inc Braces For GST 2.0 Test
MUMBAI: India Inc is bracing for a rigorous test as the process of government’s proposed Goods and Services Tax (GST) overhaul gets underway from October. Industry experts believe that there will be several challenges, as firms will need to navigate a complex mix of pricing adjustments, supply chain recalibrations,...
Commerce & Industry Ministry Mulling Further FDI Regime Easing
NEW DELHI: The commerce and industry ministry is working on a 100-day reforms agenda which may include proposals such as further liberalising FDI regime, easing investments from neighbouring countries, and more tax benefits for startups, an official said. The proposals may also include easing certain environmental norms for the...
India’s Semiconductor Market Expected To Triple To $100 Billion By 2032: Report
NEW DELHI: With about 60 per cent of semiconductor output by the Asia-Pacific region, which continues to dominate global production, India is fast emerging as a key player. The country’s semiconductor market, valued at $34.3 billion in 2023, is expected to triple to $100.2 billion by 2032, registering a...
India’s Unemployment Rate At 5.4% In Q1: First Ever Quarterly PLFS Data
NEW DELHI: The unemployment rate in the first quarter (April-June) this financial year stood at 5.4 per cent in the country, showed the first ever quarterly periodic labour force survey (PLFS) data, released for both rural and urban areas by the National Statistics Office (NSO) on Monday. The data...
