Amid relentless protests from the opposition, the Lok Sabha approved the Appropriation Bill with remarkab ...More

Amid relentless protests from the opposition, the Lok Sabha approved the Appropriation Bill with remarkable speed. Finance Minister Nirmala Sitharaman, having introduced the bill, saw it passed almost instantly. Prior to this, she had also put forth the Taxation and Other Laws Amendment Bill, as opposition members continued their demonstrations and catchy slogans during the proceedings. ...Less

Opposition members staged a walkout from the Rajya Sabha on Monday. They were protesting after their atte ...More

Opposition members staged a walkout from the Rajya Sabha on Monday. They were protesting after their attempts to raise issues were disallowed by the Chair. Finance Minister Nirmala Sitharaman moved The Bankers' Books Evidence Bill, 2026, for discussion. The Bill seeks to update legal frameworks for bank records in the digital age. The legislation was later passed through a voice vote after brief discussion. ...Less

The Lok Sabha approved a Bill to update evidence laws for digital records. This legislation replaces an o ...More

The Lok Sabha approved a Bill to update evidence laws for digital records. This legislation replaces an old British-era act for modern banking needs. The Finance Minister introduced the Bankers' Books Evidence Bill, 2026. Opposition members continued their protests during the Bill's passage. The new law aligns with current digital banking practices and dependencies. ...Less

Central bank governor Sanjay Malhotra stated it is premature to discuss UPI transaction charges. Discussi ...More

Central bank governor Sanjay Malhotra stated it is premature to discuss UPI transaction charges. Discussions are ongoing regarding the payment mechanism's future and costs. The government is reportedly amending laws to allow merchant discount rates on select UPI transactions. This move follows Finance Minister Nirmala Sitharaman's introduction of a new bill. The central bank's current focus remains on strengthening UPI adoption across India. ...Less

Finance Minister Nirmala Sitharaman confirmed ongoing import tariff rationalisation efforts. Further meas ...More

Finance Minister Nirmala Sitharaman confirmed ongoing import tariff rationalisation efforts. Further measures are expected in the budget for the year 2027-28. She also outlined the Viksit Bharat vision for the year 2047. This vision includes zero poverty and universal access to education and healthcare. India's destiny is to become a developed civilisation with prosperity and responsibility. ...Less

Prime Minister Narendra Modi's office hosted a significant meeting on Thursday. Several key Union ministe ...More

Prime Minister Narendra Modi's office hosted a significant meeting on Thursday. Several key Union ministers, including Rajnath Singh and S Jaishankar, were present. Nirmala Sitharaman and Piyush Goyal also attended the important deliberations. National Security Advisor Ajit Doval joined the discussions with the ministers. Principal Secretary P K Mishra was also part of this high-level gathering. ...Less

The government withdrew thousands of tax appeals after raising litigation limits. This action reduced dis ...More

The government withdrew thousands of tax appeals after raising litigation limits. This action reduced disputed tax demand by over sixteen thousand six hundred eighty-eight crore rupees. Appeals were withdrawn from the ITAT, High Courts, and Supreme Court levels. Additionally, many new appeals were not filed by the department. This policy change significantly lowered the overall tax litigation burden. ...Less

Finance Minister Nirmala Sitharaman labeled communists as "cowards" in the Rajya Sabha. She accused CPI(M ...More

Finance Minister Nirmala Sitharaman labeled communists as "cowards" in the Rajya Sabha. She accused CPI(M) member John Brittas of spreading confusion regarding UPI payment fees. Brittas alleged US pressure influenced the government's decision on charging UPI fees. Sitharaman stated that communists lack the courage to face facts and listen. The minister asserted her right to reply to all members' concerns. ...Less

Finance Minister Nirmala Sitharaman clarified merchant discount rates will not affect customers. She stat ...More

Finance Minister Nirmala Sitharaman clarified merchant discount rates will not affect customers. She stated that merchants will bear any charges on digital transactions. A parliamentary bill will empower the government to notify free electronic transactions. A committee will review merchant discount rates after the bill passes. This clarification addresses concerns about increased costs for ordinary people. ...Less

The government plans to advance its legislative agenda during the monsoon session. Two bills are schedule ...More

The government plans to advance its legislative agenda during the monsoon session. Two bills are scheduled for introduction in the Lok Sabha next week. The Finance Minister will present Demands for Excess Grants for the previous year. The Registration of Births and Deaths (Amendment) Bill will also be presented. Parliament's monsoon session continues until August 13. ...Less

Parliament approved a bill authorizing funds for certain FY23 expenditures. The bill covers two expenditu ...More

Parliament approved a bill authorizing funds for certain FY23 expenditures. The bill covers two expenditure items, with one being a large debt repayment. This debt repayment is already offset by securities issuance, impacting no additional fiscal matters. Another item of ₹196.44 crore relates to the railway ministry and a court order. The government also highlighted its significant financial assistance to Jammu and Kashmir. ...Less

Finance Minister Nirmala Sitharaman introduced the Bankers' Books Evidence Bill, 2026 in Lok Sabha. This ...More

Finance Minister Nirmala Sitharaman introduced the Bankers' Books Evidence Bill, 2026 in Lok Sabha. This proposed legislation aims to update evidence rules for modern digital banking practices. It will replace the outdated Bankers' Books Evidence Act from 1891. The bill expands the definition of bankers' books to include all record formats. This future-ready framework will recognize electronic records and empower the central government. ...Less

Parliament has passed the Taxation and other Laws (Amendment) Bill. Finance Minister Nirmala Sitharaman c ...More

Parliament has passed the Taxation and other Laws (Amendment) Bill. Finance Minister Nirmala Sitharaman confirmed UPI will remain free for consumers. The legislation removes the linkage between payment systems and income tax. It also provides legal backing to modify zero-MDR frameworks for digital transactions. The bill aims to attract foreign capital and promote domestic manufacturing. ...Less

Finance Minister Nirmala Sitharaman outlined Viksit Bharat's vision for a developed nation. She stated th ...More

Finance Minister Nirmala Sitharaman outlined Viksit Bharat's vision for a developed nation. She stated that 2047 is an immediate national horizon for progress. India's destiny is to be prosperous without losing its civilisational character. Early governance choices and post-2014 reforms shaped the developmental journey. Modern progress will be anchored in India's rich civilisational heritage. ...Less

The Unified Pension Scheme (UPS) has received limited response from central government employees, with on ...More

The Unified Pension Scheme (UPS) has received limited response from central government employees, with only 1.18 lakh workers opting for it by July 19, accounting for 4.3% of NPS subscribers. Introduced in April 2025 after demands for assured pensions, UPS offers a 50% pension guarantee, gratuity benefits and minimum monthly payout of ₹10,000. The government extended the opt-in deadline to November 30, 2025. ...Less

The Rajya Sabha approved the Appropriation Bill for excess spending. This bill covers expenditures from t ...More

The Rajya Sabha approved the Appropriation Bill for excess spending. This bill covers expenditures from the financial year ending March 31, 2023. One excess demand arose from a court order impacting the Railway Ministry. Another larger demand pertained to debt repayment of Rs 53,871 crore. Parliamentary approval was completed after the bill returned to the Lok Sabha. ...Less

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on ...More

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and not on the end users/customers," adding that the revenue would let banks and fintechs invest in infrastructure, innovation and security, benefits she said would eventually flow to all UPI users. ...Less

Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to enc ...More

Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by allowing banks to charge fees. The Reserve Bank of India will determine these charges on person-to-merchant payments. Payment platforms could see significant revenue generation from these new charges. This development follows UPI companies' struggles to build profitable payment businesses. ...Less

The Lok Sabha passed the Supreme Court (Number of Judges) Amendment Bill, 2026, increasing the strength t ...More

The Lok Sabha passed the Supreme Court (Number of Judges) Amendment Bill, 2026, increasing the strength to thirty-eight judges. This legislative action occurred amidst ongoing opposition protests concerning police actions and alleged temple donation theft. The government also introduced bills to modernize the Indian Statistical Institute and update bankers' book evidence. These proceedings took place with minimal debate and significant legislative activity. ...Less

Finance Minister Nirmala Sitharaman will introduce the Taxation and Other Laws (Amendment) Bill, 2026, in ...More

Finance Minister Nirmala Sitharaman will introduce the Taxation and Other Laws (Amendment) Bill, 2026, in the Lok Sabha. This legislation seeks to amend key financial and tax-related acts for the upcoming year. The House will also discuss excess grants for the 2022-23 financial year. Following this, an Appropriation Bill will be presented for parliamentary approval. ...Less

The Aam Aadmi Party will organize nationwide town halls starting August 8. These events aim to gather fee ...More

The Aam Aadmi Party will organize nationwide town halls starting August 8. These events aim to gather feedback from vehicle owners regarding E20 fuel. The campaign will visit several states, including West Bengal and Gujarat. Party leaders will raise awareness and discuss concerns about the blended fuel. Industry executives have stated E20 fuel is safe and reduces oil dependence. ...Less

Finance Minister Nirmala Sitharaman confirmed no changes are planned for the Unified Pension Scheme. This ...More

Finance Minister Nirmala Sitharaman confirmed no changes are planned for the Unified Pension Scheme. This scheme offers assured monthly payouts to Central government employees after retirement. The Unified Pension Scheme was introduced as an option under the National Pension System. It aims to provide adequate retirement benefits and pension predictability for employees. The government has also extended tax benefits and a one-way switch facility to UPS. ...Less

PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable ...More

PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable revenue models for payment infrastructure and businesses. Larger businesses may face merchant charges, while small merchants remain exempt. This follows parliamentary approval to allow charges on digital payment modes. Future charges will be borne by businesses, not by customers. ...Less

A debate erupted over removing UPI's zero merchant discount rate guarantee. Finance Minister Nirmala Sith ...More

A debate erupted over removing UPI's zero merchant discount rate guarantee. Finance Minister Nirmala Sitharaman stated any charges would affect merchants, not users. Senior Congress leader Jairam Ramesh criticized the proposed Bill and linked it to a US report. Industry voices and users expressed concerns about potential future charges on digital payments. The discussion highlights future funding models for India's digital payment infrastructure. ...Less

Opposition MPs protested in Parliament over alleged Ram temple donation theft. They also demanded a state ...More

Opposition MPs protested in Parliament over alleged Ram temple donation theft. They also demanded a statement regarding police actions against student protesters. Congress MP KC Venugopal called for the Home Minister's resignation or apology. The ongoing monsoon session has seen disruptions over these demands. A taxation bill was passed without discussion amid these protests. ...Less

A new bill was introduced in the Lok Sabha to update banking evidence laws. This legislation will recogni ...More

A new bill was introduced in the Lok Sabha to update banking evidence laws. This legislation will recognize digital and virtual bank records as admissible evidence. The proposed law modernizes the existing framework to reflect current banking practices. It aims to create a technology-neutral legal system for financial records. The government may also extend this law to other financial entities. ...Less

Higher monetary limits for tax appeals have reduced disputed tax demand by about ₹16,690 crore, with over ...More

Higher monetary limits for tax appeals have reduced disputed tax demand by about ₹16,690 crore, with over 23,000 departmental cases withdrawn or not filed across ITAT, high courts and the Supreme Court. ...Less

Parliament has approved the Bankers' Books Evidence Bill, 2026, marking a significant advancement in acce ...More

Parliament has approved the Bankers' Books Evidence Bill, 2026, marking a significant advancement in accepting digital records within the banking sector. This contemporary law nullifies the obsolete 1891 Act, allowing for electronic documentation to be admitted as evidence, provided its integrity can be vouched for. Furthermore, it offers improved legal safeguards for bank personnel, aligning India's legal practices with the fast-paced digitization of its economy. ...Less

India has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendme ...More

India has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement Systems Act. While no decision has been taken, the government is considering charging MDR only on large merchants or high-value transactions, potentially creating a ₹5,000-10,000 crore revenue pool for payment firms. ...Less

PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any ...More

PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a commercial arrangement between merchants and payment providers, not a charge on customers. ...Less

The Payments Council of India clarified UPI transactions will remain free for consumers. Small merchants, ...More

The Payments Council of India clarified UPI transactions will remain free for consumers. Small merchants, including kirana stores, will also not face charges for digital payments. This assurance addresses concerns about potential merchant fees within the digital payments ecosystem. Banks and payment providers have invested heavily in maintaining the UPI infrastructure. ...Less

The company’s shareholders on July 25 approved the issue of 5,074 pre-series C compulsorily convertible p ...More

The company’s shareholders on July 25 approved the issue of 5,074 pre-series C compulsorily convertible preference shares at Rs 71,693.02 apiece to the fund through a private placement. The transaction marks a 32% increase from the Rs 865 crore valuation in its previous round. ...Less

An in-depth look at the election affidavits uncovers that a significant number of Karnataka ministers are ...More

An in-depth look at the election affidavits uncovers that a significant number of Karnataka ministers are entangled in legal troubles. The latest cabinet, which includes seven billionaires led by the notably richest Chief Minister, primarily consists of male legislators, aged 51-75, all holding degrees. Notably absent are any female ministers, presenting a concerning gender imbalance within the government. ...Less

Finance Minister Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026, propos ...More

Finance Minister Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026, proposing simpler rules for offshore investment funds managed from India to claim tax exemptions. The bill removes several eligibility conditions, including investor and corpus limits, while offering tax incentives for electronics, diamond trade and foreign investors. ...Less

India's finance minister announced plans to streamline customs tariffs, aiming for a significant overhaul ...More

India's finance minister announced plans to streamline customs tariffs, aiming for a significant overhaul by the fiscal year 2027-28. This move is expected to simplify trade procedures and potentially boost economic activity by making imports and exports more predictable and cost-effective for businesses across various sectors. ...Less

Finance Minister Nirmala Sitharaman stated the rupee's value is market-determined. The Reserve Bank of In ...More

Finance Minister Nirmala Sitharaman stated the rupee's value is market-determined. The Reserve Bank of India monitors foreign exchange markets and intervenes when needed. Several measures are in place to boost foreign exchange inflows into India. These initiatives aim to ease pressure on the Indian rupee. The government closely tracks economic parameters and their implications. ...Less

Congress MP Manish Tewari sought to suspend parliamentary business for urgent discussion. He proposed a n ...More

Congress MP Manish Tewari sought to suspend parliamentary business for urgent discussion. He proposed a new anti-defection law to curb opportunistic political defections. The proposed law aims to prevent defections while protecting principled dissent. Several bills, including the Taxation and Other Laws (Amendment) Bill, are scheduled. ...Less

Uddhav Thackeray proclaimed that the youth have authored a remarkable chapter by compelling a minister to ...More

Uddhav Thackeray proclaimed that the youth have authored a remarkable chapter by compelling a minister to step down. He anticipates that this youthful fervor will now challenge the ruling BJP party. Declaring that their battle continues, he hinted at upcoming protests possibly targeting petrol prices. Thackeray called for a united front of nationalists against the present government, while also condemning Prime Minister Modi and his cabinet members. ...Less

The Union Cabinet is poised to evaluate a new incentive scheme aimed at enhancing the production of advan ...More

The Union Cabinet is poised to evaluate a new incentive scheme aimed at enhancing the production of advanced construction machinery domestically. As infrastructure development surges, the need for specialized equipment is escalating. The proposal, having completed inter-ministerial discussions, is now pending cabinet approval. Once approved, industry consultations will begin promptly. ...Less

A bill will soon simplify offshore investment fund rules. This aims to attract more foreign capital into ...More

A bill will soon simplify offshore investment fund rules. This aims to attract more foreign capital into India. Tax exemptions will be offered for global income of funds. Foreign companies storing electronic components will also get exemptions. These measures will boost India's position as an investment hub. ...Less

Finance Minister Nirmala Sitharaman called on the Income Tax Department to embrace a more taxpayer-friend ...More

Finance Minister Nirmala Sitharaman called on the Income Tax Department to embrace a more taxpayer-friendly attitude. She highlighted the importance of differentiating between honest errors and deliberate tax fraud. Sitharaman encouraged officials to exercise their enforcement powers with a sense of humility and restraint, reminding them that their role now focuses on equity, especially with the upcoming Income Tax Act, 2025 aimed at simplifying regulations. ...Less

India Digital Payment Intelligence Corporation has been established to combat cyber financial frauds. Thi ...More

India Digital Payment Intelligence Corporation has been established to combat cyber financial frauds. This new entity will share real-time fraud intelligence and alerts with financial institutions. The government is strengthening cybersecurity measures for financial institutions across the country. CERT-In has set up a National Cyber Coordination Centre for threat monitoring. A nodal Computer Security Incident Response Team for the financial sector is also operational. ...Less

Prime Minister Modi directed ministers to safeguard citizens and diaspora from West Asia conflict impacts ...More

Prime Minister Modi directed ministers to safeguard citizens and diaspora from West Asia conflict impacts. He also ordered a dedicated assistance mechanism for seafarers and their families. The government will accelerate the shift towards renewable energy sources like solar power. Cabinet ministers reviewed India's preparedness and energy product availability during the meeting. ...Less

The Lok Sabha will consider two key financial bills on Wednesday. These include the Bankers' Books Eviden ...More

The Lok Sabha will consider two key financial bills on Wednesday. These include the Bankers' Books Evidence Bill and the Taxation and Other Laws Amendment Bill. An adjournment motion seeks a new anti-defection law to curb mass political defections. Another adjournment motion calls for a discussion on police action during a student protest. This motion demands a statement from the Union Home Minister on the incident. ...Less

A new bill aims to attract foreign investment and support key industries. It eases rules for offshore fun ...More

A new bill aims to attract foreign investment and support key industries. It eases rules for offshore funds and global fund managers operating from India. Tax exemptions are extended for electronics manufacturing and diamond trading activities. Digital infrastructure development is also a major focus of these proposed changes. These measures seek to enhance India's global economic competitiveness and investment appeal. ...Less

NPCI plans to expand UPI internationally by targeting countries with large Indian diaspora populations, w ...More

NPCI plans to expand UPI internationally by targeting countries with large Indian diaspora populations, with CEO Dilip Asbe saying it could enter 15-20 markets over the next decade. NPCI is in talks with Japan, Malaysia and Bahrain, while exploring AI-enabled payments and building on UPI’s presence in nine countries. ...Less

Government will meet state-owned lenders to attract foreign investment. This aims to stabilize the rupee ...More

Government will meet state-owned lenders to attract foreign investment. This aims to stabilize the rupee and bridge the current-account gap. The meeting will also focus on deposit mobilization and supporting small businesses. Fresh foreign capital inflows will boost reserves and domestic manufacturing. Durable foreign direct investment is preferred over short-term deposits. ...Less

India's economic landscape is on a promising trajectory, aiming to exceed five trillion dollars by the fi ...More

India's economic landscape is on a promising trajectory, aiming to exceed five trillion dollars by the fiscal year twenty twenty-nine. To attain this ambitious goal, the government is implementing a comprehensive growth strategy that emphasizes advancements in agriculture, manufacturing, and infrastructure. Key initiatives, including Production Linked Incentives and support for MSMEs, play an essential role in enhancing the country’s growth outlook both now and in the future. ...Less

The government plans a nationwide push to expand education lending significantly. Faster approvals and ca ...More

The government plans a nationwide push to expand education lending significantly. Faster approvals and campus outreach will improve student access to finance. Banks will organize camps for on-the-spot loan sanctions at many institutions. Credit guarantee cover for collateral-free loans is also being considered. This initiative aims to ease financial burdens for students pursuing higher education. ...Less

India Q1 FY27 fiscal deficit: The fiscal gap was higher than the Rs 2.8 lakh crore recorded during the Ap ...More

India Q1 FY27 fiscal deficit: The fiscal gap was higher than the Rs 2.8 lakh crore recorded during the April-June period of the previous financial year, showing increased government spending even as revenue collections remained robust. ...Less

The Rajya Sabha will consider two important bills on Monday. The Taxation and Other Laws (Amendment) Bill ...More

The Rajya Sabha will consider two important bills on Monday. The Taxation and Other Laws (Amendment) Bill proposes significant tax changes. It aims to boost investment and support manufacturing sectors. The Bankers' Books Evidence Bill will modernize banking record admissibility. These legislative actions seek to enhance economic stability and ease of business. ...Less

Jairam Ramesh countered Nirmala Sitharaman's claims regarding a new taxation bill. He stated government a ...More

Jairam Ramesh countered Nirmala Sitharaman's claims regarding a new taxation bill. He stated government assurances do not replace statutory safeguards for UPI. Ramesh argued that MDR charges would inevitably affect consumers and small businesses. He questioned why RBI's capacity to support UPI without charges is ignored. The bill removes zero-MDR guarantees, raising concerns about foreign platform dominance. ...Less

SBI chairman CS Setty said banks cannot separately quantify the operating costs linked to rising UPI volu ...More

SBI chairman CS Setty said banks cannot separately quantify the operating costs linked to rising UPI volumes. As debate over merchant charges intensifies, SBI is pushing customers towards Yono for UPI payments. Industry leaders back limited MDR, with proposed charges aimed at large merchants while keeping consumer and person-to-person payments free. ...Less

India is poised to achieve its divestment aspirations this fiscal year, with enhanced momentum in stake s ...More

India is poised to achieve its divestment aspirations this fiscal year, with enhanced momentum in stake sales and asset monetisation. Although increased fertiliser costs and fuel subsidies pose a challenge to public financial stability due to regional disputes, the country has already garnered over $5.5 billion from diverse stake sales. ...Less

Union Finance Minister Nirmala Sitharaman stated no need to revise Budget estimates. Adequate fiscal buff ...More

Union Finance Minister Nirmala Sitharaman stated no need to revise Budget estimates. Adequate fiscal buffers exist to manage global uncertainties and risks. Inflationary pressures may arise from both external and domestic factors. Industry investment is improving and critical sectors are seeing growth. The government invites industry engagement for further facilitation needs. ...Less

Congress leader Jairam Ramesh requested the National Green Tribunal to release a crucial project review r ...More

Congress leader Jairam Ramesh requested the National Green Tribunal to release a crucial project review report. He also highlighted the upcoming Tribunal Reforms Bill scheduled for Lok Sabha discussion. This bill aims to establish a National Tribunals Commission for appointments. The proposed commission will oversee selections for various judicial tribunals. The legislation follows Supreme Court directives on tribunal reforms and independence. ...Less

The Taxation and Other Laws (Amendment) Bill, 2026, was tabled, proposing significant changes to tax laws ...More

The Taxation and Other Laws (Amendment) Bill, 2026, was tabled, proposing significant changes to tax laws. Banks and payment providers will not charge for notified electronic payment modes. Tax exemptions are proposed for foreign investors in government securities and for electronics manufacturing. The bill also aims to simplify tax for fund managers and the diamond industry. ...Less

While there has been no official word from the government on this yet, it is learnt that the Centre could ...More

While there has been no official word from the government on this yet, it is learnt that the Centre could allow a levy of 0.25% to 0.4% as merchant discount rate (MDR) charges on UPI transactions above Rs 2000. So, does this mean that the proposal will directly impact you? First understand what MDR is. ...Less

A joint parliamentary committee has requested more time to review the Corporate Laws Amendment Bill. This ...More

A joint parliamentary committee has requested more time to review the Corporate Laws Amendment Bill. This extension means the bill's presentation will likely be delayed until the winter session. The initial bill proposed decriminalizing procedural defaults and easing compliance burdens. It also aimed to modernize corporate governance and fast-track mergers. The committee's recommendations will shape the final proposed amendments. ...Less

CJP Delhi protests: Finance Minister Nirmala Sitharaman defended the government's swift response to the N ...More

CJP Delhi protests: Finance Minister Nirmala Sitharaman defended the government's swift response to the NEET paper leak. She stated that arrests were made promptly, and fast-track courts will ensure speedy justice. The minister acknowledged the sensitivity of examination paper leaks affecting students' careers. She emphasized that action was taken before the Prime Minister's recent announcement. ...Less

A parliamentary panel proposed fixed penalties for certain corporate non-compliances. It suggested allowi ...More

A parliamentary panel proposed fixed penalties for certain corporate non-compliances. It suggested allowing in-kind CSR contributions for small companies. Exemptions from mandatory audits were recommended only for small businesses. The panel also advised enabling seamless re-domiciliation of foreign companies to IFSC. ...Less

A joint parliamentary committee supports government plans to simplify corporate regulations and decrimina ...More

A joint parliamentary committee supports government plans to simplify corporate regulations and decriminalize minor offenses. The panel also recommended an easier framework for Indian startups incorporated overseas to return. Streamlining provisions for share buyback and fast-track mergers received committee backing. An easier Corporate Social Responsibility mechanism and trust conversion to LLPs were also favored. ...Less

EXIM Bank of India presented a Rs 428 crore dividend cheque to Finance Minister Nirmala Sitharaman. The b ...More

EXIM Bank of India presented a Rs 428 crore dividend cheque to Finance Minister Nirmala Sitharaman. The bank reported a net profit of Rs 4,273 crore for the financial year 2025-26. Ten percent of this net profit was transferred as a balance to the government of India. Exim Bank recorded thirty-two percent growth in net profit and robust financial indicators. ...Less

Manipur Chief Minister Yumnam Khemchand Singh distributed welfare benefits worth Rs 91.66 crore. These be ...More

Manipur Chief Minister Yumnam Khemchand Singh distributed welfare benefits worth Rs 91.66 crore. These benefits were provided to nearly 2,40,758 beneficiaries under seventeen different schemes. The Chief Minister highlighted the state's difficult times and the government's initiatives for financial assistance. He urged all communities to contribute towards making Manipur a better state. The Integrated Monthly Pension Processing System was also formally launched during the event. ...Less

A groundbreaking bill has been introduced to boost foreign investment while fostering local manufacturing ...More

A groundbreaking bill has been introduced to boost foreign investment while fostering local manufacturing in India. By simplifying regulations for fund managers and foreign cloud enterprises, the initiative aims to attract funding. Additionally, extended tax breaks for electronics manufacturing and component storage are part of the plan. The bill also introduces fees on specific electronic payment methods, positioning India as a more appealing destination for global investors. ...Less

Standing Committee on Finance, headed by Bhartruhari Mahtab, backs key provisions of the Securities Marke ...More

Standing Committee on Finance, headed by Bhartruhari Mahtab, backs key provisions of the Securities Markets Code Bill, including raising Sebi board strength to 15 from 9, and calls for a regulatory framework for virtual digital assets ...Less

The UPI race has so far centred on acquiring consumers and monetising them by cross-selling loans, insura ...More

The UPI race has so far centred on acquiring consumers and monetising them by cross-selling loans, insurance and investments, as there has been no direct fee income on UPI payments since 2020. A targeted merchant discount rate (MDR) will create a new revenue stream from selected merchant payments, shifting the focus towards acquiring and deepening relationships with merchants who drive higher-value purchases. ...Less

Finance Minister Nirmala Sitharaman urged tax officials to ensure taxpayer convenience. She stressed firm ...More

Finance Minister Nirmala Sitharaman urged tax officials to ensure taxpayer convenience. She stressed firm action against tax evasion and economic certainty. Officials must adopt an empathetic approach while enforcing tax laws. Sitharaman outlined five priorities for the Income Tax Department. She advised officials to exercise their powers with humility and agility. ...Less

Finance Minister Nirmala Sitharaman encouraged young entrepreneurs to build boldly for India's future. Sh ...More

Finance Minister Nirmala Sitharaman encouraged young entrepreneurs to build boldly for India's future. She emphasized creating value and embracing uncertainty for future generations. India offers a stable government and an approachable administration for businesses. The nation is projected to contribute significantly to global economic growth. Entrepreneurs are urged to seize opportunities and drive prosperity forward. ...Less

The Reserve Bank of India has proposed new foreign investment rules. These simplified rules aim to enhanc ...More

The Reserve Bank of India has proposed new foreign investment rules. These simplified rules aim to enhance clarity and reduce complexity. Indian companies may soon list shares on foreign stock exchanges. Foreign investors can also make investments on repatriation or non-repatriation bases. The central bank is seeking public comments on these draft regulations. ...Less

Indian state-run banks expect to raise nearly $30 billion through the RBI's subsidised NRI dollar deposit ...More

Indian state-run banks expect to raise nearly $30 billion through the RBI's subsidised NRI dollar deposit scheme by September 30, bankers told Reuters. About $10 billion has been mobilised so far. Banks expect inflows to accelerate after the RBI eased lending rules, with most funds likely to come in closer to the scheme's deadline. ...Less

Students ended their 36-day protest against the NEET paper leak after the education minister resigned. Th ...More

Students ended their 36-day protest against the NEET paper leak after the education minister resigned. The government agreed to withdraw FIRs and provide compensation to affected families. Minister Dharmendra Pradhan stepped down, citing student welfare and national unity concerns. His resignation was accepted by President Droupadi Murmu, with Pralhad Joshi taking additional charge. The Cockroach Janta Party announced the immediate withdrawal of the nationwide agitation in good faith. ...Less

Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discou ...More

Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI transactions. Payments above Rs 2,000 to large merchants are a possible focus. This aims to support the payment ecosystem's continued investment and growth. Everyday UPI payments and person-to-person transactions will likely remain free. ...Less

2026 Independence Day: India's pharmaceutical industry marks a historic milestone with a new drug approva ...More

2026 Independence Day: India's pharmaceutical industry marks a historic milestone with a new drug approval. This achievement reflects decades of growth from importing medicines to global leadership. The nation now supplies a significant portion of the world's generic medicines and vaccines. The Covid-19 pandemic further showcased the industry's manufacturing capabilities globally. Government initiatives now aim to foster innovation and high-value biopharmaceutical production. ...Less

Every SSE listing goes through months of due diligence, financial and social audits. It connects credible ...More

Every SSE listing goes through months of due diligence, financial and social audits. It connects credible social enterprises, both non-profit organisations (NPOs) and for-profit enterprises, with fund providers, using the familiar machinery of the stock market to route philanthropic capital and, crucially, hold recipients accountable for it. ...Less

Students' nationwide protests over the NEET paper leak were hailed by Uddhav Thackeray. He stated this ag ...More

Students' nationwide protests over the NEET paper leak were hailed by Uddhav Thackeray. He stated this agitation marked the beginning of a larger fight against the BJP. The youth gathered to celebrate the Union Education Minister's resignation after 36 days. Uddhav Thackeray urged the youth to maintain their momentum and not let the awakening fade. He asserted that people's power and unity have defeated arrogance and blind followers. ...Less

Rupee depreciation is influenced by rising crude oil prices and reduced capital account support. India mo ...More

Rupee depreciation is influenced by rising crude oil prices and reduced capital account support. India monitors US trade policy changes and remains engaged with Washington after a recent trade deal. Single-brand retail FDI has seen a slump, while multi-brand retail FDI experienced an increase. The textile PLI scheme has attracted significant investment and generated numerous jobs. Fuel taxes have fetched the government substantial revenue over the past five years. ...Less

Indian investors now have no options for new international mutual fund SIPs. The Baroda BNP Paribas Aqua ...More

Indian investors now have no options for new international mutual fund SIPs. The Baroda BNP Paribas Aqua Fund of Fund suspended new investments on July 23. This action follows SEBI's overseas investment limits for mutual funds. Investors are exploring alternatives like LRS and GIFT City for global exposure. Global ETFs also offer a way to gain international diversification. ...Less

State Bank of India mobilized nearly two billion dollars under a central bank incentive. This amount sign ...More

State Bank of India mobilized nearly two billion dollars under a central bank incentive. This amount significantly surpasses other state-owned and private sector banks' efforts. Other lenders like Bank of Baroda and Canara Bank raised smaller sums. Banks are now focusing on attracting overseas currency inflows from the Indian diaspora. This strategy aims to provide greater flexibility for high-net-worth clients. ...Less

The BJP is intensifying its digital outreach on Instagram to connect with young people. Prime Minister Na ...More

The BJP is intensifying its digital outreach on Instagram to connect with young people. Prime Minister Narendra Modi leads this coordinated push following the NEET-UG paper leak controversy. Several Union ministers and party leaders have joined this heightened activity on the platform. The party's focus follows student protests which highlighted social media's growing influence. This strategy aims to address concerns and strengthen the examination system. ...Less

Finance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative ...More

Finance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative deposit products and foreign currency inflows are key objectives for banks. These initiatives aim to bolster forex reserves and support the Indian rupee. Banks reported significant interest from non-resident Indians across various jurisdictions. The Reserve Bank of India is actively supporting banks in deposit mobilization efforts. ...Less

A Bengaluru professor lost over sixty-one lakh rupees in a sophisticated cyber fraud. She was lured by a ...More

A Bengaluru professor lost over sixty-one lakh rupees in a sophisticated cyber fraud. She was lured by a deepfake video featuring Finance Minister Nirmala Sitharaman. Fraudsters used fake platforms and overseas calls to convince the victim to transfer money. They initially showed fabricated profits to strengthen her confidence in the scheme. The incident highlights the growing threat of AI-powered deepfake investment scams. ...Less

The Union Cabinet has approved Semicon 2.0, a significant initiative for India's semiconductor industry. ...More

The Union Cabinet has approved Semicon 2.0, a significant initiative for India's semiconductor industry. This new phase builds upon the foundation of the India Semiconductor Mission's first phase. Semicon 2.0 expands its scope to cover chip design, equipment, materials, and advanced packaging. ...Less

Finance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts ...More

Finance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposits from overseas Indians. The Reserve Bank of India removed interest rate ceilings on certain deposits. This move aims to boost inflows and encourage external commercial borrowings. Banks will also discuss increasing credit flow to productive economic sectors. ...Less

Union Finance Minister Nirmala Sitharaman urged French businesses to boost investments in India, highligh ...More

Union Finance Minister Nirmala Sitharaman urged French businesses to boost investments in India, highlighting vast opportunities in AI, clean energy, healthcare, and digital infrastructure. She emphasized the strong India-France partnership driving innovation and sustainable growth, noting a doubling of bilateral trade and the presence of 1,000 French firms. Sitharaman invited collaboration in healthcare value chains and India's ambitious clean energy transition, including green hydrogen and renewable energy targets. ...Less

The income tax e-filing portal has been upgraded to handle increased filings. Revenue from long-term capi ...More

The income tax e-filing portal has been upgraded to handle increased filings. Revenue from long-term capital gains rose significantly in assessment year 2025-26. The Centre's debt as a percentage of GDP has declined to 58.2%. MSME exports and industrial training institutes have both seen expansion. Capital expenditure has seen a substantial five-fold increase since 2014. ...Less

Finance Minister Nirmala Sitharaman will meet public sector bank heads on Monday. The meeting will review ...More

Finance Minister Nirmala Sitharaman will meet public sector bank heads on Monday. The meeting will review progress on attracting foreign currency deposits from NRIs. RBI withdrew interest rate ceilings on certain foreign currency deposits until September 30. Concessional forex swap facilities are offered to banks for FCNR(B) deposits. This initiative aims to boost foreign currency inflows and credit flow to productive sectors. ...Less

Finance Minister Nirmala Sitharaman encouraged the toy industry to capture a quarter of the global market ...More

Finance Minister Nirmala Sitharaman encouraged the toy industry to capture a quarter of the global market. She highlighted government policies and trade agreements supporting this ambitious goal. Domestic toy exports have significantly increased, while imports have sharply declined. The minister emphasized the importance of branding and quality product creation for success. Support programs are empowering Indian toy manufacturers to compete internationally. ...Less

HDFC Bank reduced its workforce by 3,343 employees during the last fiscal year. The bank's total balance ...More

HDFC Bank reduced its workforce by 3,343 employees during the last fiscal year. The bank's total balance sheet expanded by twelve percent to over forty-three trillion rupees. Employee attrition stood at twenty-three percent, while senior management roles saw an increase. ...Less

India seeks to lead global innovation and enterprise development in the coming decade. The finance minist ...More

India seeks to lead global innovation and enterprise development in the coming decade. The finance minister outlined a five-point strategy to achieve this ambitious goal. Companies must move up the value chain and create significant intellectual property. Expanding GCCs into tier-two and tier-three cities is also a key objective. Industry will collaborate with governments to foster this technological transformation. ...Less

Finance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are of ...More

Finance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are offering attractive returns on foreign currency deposits and are seeing significant interest. Public sector banks are employing customized digital strategies to engage the NRI diaspora effectively. International Banking Units at GIFT City are being utilized for fund mobilization from multiple jurisdictions. ...Less

India and the UAE central banks have discussed regulatory hurdles affecting India's drive to attract fore ...More

India and the UAE central banks have discussed regulatory hurdles affecting India's drive to attract foreign-currency deposits from NRIs in the Gulf. The talks come as Indian banks seek up to $50 billion under the RBI's subsidised deposit scheme, while concerns over capital outflows, due diligence and funding costs continue to pose challenges. ...Less

Fresh SIP options in international mutual funds have narrowed sharply, with only Baroda BNP Paribas Aqua ...More

Fresh SIP options in international mutual funds have narrowed sharply, with only Baroda BNP Paribas Aqua FoF accepting new investments after multiple fund houses halted inflows due to SEBI’s overseas investment limits. Investors are exploring LRS, GIFT City and global ETFs as alternatives. ...Less

Finance Minister Nirmala Sitharaman is on a four-day visit to France to bolster the India-France Strategi ...More

Finance Minister Nirmala Sitharaman is on a four-day visit to France to bolster the India-France Strategic Partnership and economic ties. A key focus is the Economic and Financial Dialogue, co-chaired with her French counterpart, to explore avenues for enhanced bilateral cooperation and investment. ...Less

India has attracted about ten billion dollars through a special deposit program. This initiative aims to ...More

India has attracted about ten billion dollars through a special deposit program. This initiative aims to bolster foreign exchange reserves and support the Indian rupee. The Reserve Bank of India introduced a zero-cost foreign-exchange swap facility for these deposits. Banks can now offer higher returns and leverage these funds, making the program more attractive. Inflows are expected to increase significantly before the September 30 deadline. ...Less

India aims to lead global capability centres and the world's knowledge economy. The nation now hosts over ...More

India aims to lead global capability centres and the world's knowledge economy. The nation now hosts over half of the world's GCCs, which is significant. India's focus shifts from scale to enabling innovation and shaping future technologies. Enterprises are prioritizing innovation and long-term competitiveness over cost reduction. The government is creating an enabling policy ecosystem for future GCC growth. ...Less

Finance Minister Nirmala Sitharaman embarks on a crucial visit to France to strengthen economic ties and ...More

Finance Minister Nirmala Sitharaman embarks on a crucial visit to France to strengthen economic ties and highlight India's investment potential amidst global uncertainties. She will co-chair the India-France Economic & Financial Dialogue and engage with global CEOs, showcasing India's strong economic fundamentals and growth prospects. Sitharaman will also address a key European forum on fostering a new middle class, underscoring India's commitment to global economic discourse. ...Less

India and France are set to bolster economic ties, focusing on critical minerals and financial connectivi ...More

India and France are set to bolster economic ties, focusing on critical minerals and financial connectivity. Finance Minister Nirmala Sitharaman and her French counterpart explored enhanced cooperation in multilateral forums and boosting cross-investments, particularly in high-speed rail. ...Less

India and France held their Economic and Financial Dialogue in Aix-en-Provence, co-chaired by Nirmala Sit ...More

India and France held their Economic and Financial Dialogue in Aix-en-Provence, co-chaired by Nirmala Sitharaman and Roland Lescure. Discussions focused on strengthening economic ties, coordinating in multilateral forums like the G20, and expanding bilateral cooperation in areas such as critical minerals, resilient supply chains, and infrastructure. Both nations aim to boost cross-investments and financial industry connections to support trade and technology collaboration. ...Less