Business
Raising FDI Limit For Insurers To 100% Will Boost Jobs, Says FM
NEW DELHI: The proposed raising of FDI limit in Indian insurance companies to 100 per cent would bring more players into the market and generate employment opportunities, Finance Minister Nirmala Sitharaman informed Parliament on Tuesday. Further, she said, “improved technologies and automation would lead to faster underwriting, claim processing...
CPI Inflation Eases To 8-Year Low Of 1.55% In July On Favourable Base Effect, Drop In Food Prices
NEW DELHI: India’s retail inflation, based on the Consumer Price Index (CPI), for July stood at 1.55 per cent, down from 2.10 per cent in June, data released by the Ministry of Statistics & Programme Implementation showed on Tuesday. This is down 55 basis points in comparison to June...
PMO Moves To Tackle Trump Tariffs; Committee To Submit Report In Two Months
NEW DELHI: After US President Donald Trump decided to slap a total tariff of 50% on Indian exports barring a few exceptions, the Prime Minister’s Office (PMO) has swung into action to contain the possible damages. Following a series of meetings chaired by Shaktikanta Das, principal secretary-2 to the...
July Inflation May Fall Below 2%, First Time Since January 2019
NEW DELHI: The July retail inflation number is likely to fall below 2% — the first time since January 2019. Analysts expect the figure to be in the range of 1.2-1.4%, aided by a favourable base effect and softer food prices. Retail inflation in June eased to 2.1% from...
COAI Opposes Direct Spectrum Allocation To Enterprises Over Security, Economic Concerns
NEW DELHI: The Cellular Operators Association of India (COAI), representing private telecom service providers, has strongly opposed the direct allocation of spectrum to enterprises. It argues that such a move is not viable in India due to the country’s unique telecom ecosystem, potential revenue losses, and national security risks....
Wholesale Inflation In India Likely Declined To 2-Year Low To -0.45% In July: UBI Report
Wholesale inflation in India likely fell to a near two-year low in July 2025, driven by a sharp drop in food and fuel prices, according to a report by Union Bank of India. The Wholesale Price Index (WPI) is estimated to have declined to -0.45 per cent year-on-year (y/y)...
Lenders May Provide Relief To MSMEs From Tariff Pain After Govt Nudge
NEW DELHI: Lenders are considering options including a waiver of administrative charges such as processing fees, forex hedging costs and collection charges to provide immediate relief to small and medium enterprises that are expected to bear the brunt of the steep US tariffs on India. The move follows a...
Government To Withdraw Draft Digital Competition Bill
NEW DELHI: Facing sustained opposition from both global tech majors and leading domestic digital platforms, the government has decided to withdraw the draft Digital Competition Bill (DCB) in its current form, which was aimed at introducing ex-ante regulations for large online enterprises. As part of a rethink, the ministry...
India Sets Sights On Critical Minerals With Law Tweaks
New Delhi: The government will likely seek this week Parliament approval for amendments to the mining laws, aimed primarily at allowing state funding for acquisition of overseas critical mineral assets. The proposal has received the necessary approvals within the government and the Bill to amend the Mines and Minerals...
PSBs Step On The Gas In Retail As Private Ones Take Foot Off The Pedal
MUMBAI: Public sector banks in India have stepped up retail lending, outpacing the growth seen in this segment by their private sector peers, who have retreated in the backdrop of an uptick in delinquencies, particularly in unsecured loans. Results for the June quarter show that the growth in retail...
RBI Moots Standardised Forms For Claim Settlement Related To Deceased Customers
MUMBAI: The RBI plans to standardise forms to process claims on deceased customers’ bank accounts and lockers within a 15-day timeframe and provide compensation to nominees for any settlement delays. The Reserve Bank of India (RBI) proposes to come out with standard procedures for the settlement of claims in...
Comprehensive Land Reforms Needed For India To Become Manufacturing Hub: Industry Body
NEW DELHI: Industry body CII on Sunday pitched for comprehensive land reforms such as the formation of a GST-like Council to enable coordinated and consensus-based reforms and uniform stamp duty rates of 3 to 5 per cent across the country for India to become a global manufacturing hub. While...
Govt Chalks Out 4-Pronged Plan To Blunt 50% Tariff Impact
NEW DELHI: With US President Donald Trump doubling tariffs on India to 50%, the government has begun reaching out to industry with a four-pronged strategy to limit the damage to manufacturing, exports and jobs. The real problem that India will face post these tariffs is competitiveness, because all other...
India’s GDP Could Slow Down To 6% In FY26 If US Levies 50% Tariff: Moody’s
NEW DELHI: Moody’s Ratings on Friday said India’s GDP growth is likely to slow down by about 30 basis points to 6 per cent in the current fiscal if the US implements 50 per cent tariffs from August 27. However, resilient domestic demand and the strength of the services...
Independent Directors Should Be Stewards Of Accountability: SEBI Chief
MUMBAI: Tuhin Kanta Pandey, chairman, Securities and Exchange Board of India (SEBI) on Friday called for redefining the role of independent directors – from being honorary appointees or friendly critics to stewards of accountability. “Many directors are highly qualified, but unfamiliar with emerging risks of AI governance, cyber threats,...
Govt Rules Out Changes To DPDP Act, FAQs To Address Concerns Soon: Report
NEW DELHI: The government does not see any scope for making changes in the Digital Personal Data Protection Act 2023 and may issue a detailed reply soon to explain issues raised by journalists and civil rights bodies, an official source said on Friday. Civil rights and journalists’ bodies on...
Trump Hits Pause On Trade Talks With India, Plays Up Tariff Issue
WASHINGTON: US President Donald Trump has ruled out the possibility of trade negotiations with India until the issue of tariffs is resolved. “No, not until we get it resolved,” Trump told reporters in the Oval Office on Thursday, replying to a question on whether he expects increased trade negotiations...
Decisive And Forward-Looking Measures To Support Growth: RBI
MUMBAI: The monsoon season has been progressing well. We are also approaching the festival season, which typically brings greater enthusiasm and buoyancy in economic activity. This favourable domestic setting, together with supportive policies of the Government and the Reserve Bank, augurs well for the Indian economy in the near...
