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

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

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

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

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

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

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

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

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

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 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

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

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

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

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 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 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

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

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

Union Finance Minister Nirmala Sitharaman urged state governments to invest borrowed funds in long-term a ...More

Union Finance Minister Nirmala Sitharaman urged state governments to invest borrowed funds in long-term assets like schools and hospitals, not just revenue expenditure. She stressed that infrastructure development creates lasting economic benefits and jobs. Sitharaman also highlighted the Centre's policy to support medical colleges in every district and called for proposals from Tamil Nadu. She commented on development delays in Andhra Pradesh's Amaravati due to political shifts. ...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 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

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

India's middle class is poised to fuel significant economic expansion, with 93% of all spending expected ...More

India's middle class is poised to fuel significant economic expansion, with 93% of all spending expected to originate from this segment by 2036. This growth is increasingly driven by tier two and three cities, indicating a wider distribution of wealth. Government policies, including financial inclusion, digital access, tax adjustments, and welfare schemes, are actively supporting and expanding this crucial demographic, positioning them as key engines of India's economic progress. ...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

Three public sector banks, Canara Bank, Bank of Baroda, and Indian Bank, collectively disbursed Rs 7,023 ...More

Three public sector banks, Canara Bank, Bank of Baroda, and Indian Bank, collectively disbursed Rs 7,023 crore in dividends to the government for the 2025-26 fiscal year. Canara Bank contributed Rs 2,397 crore, BoB Rs 2,811 crore, and Indian Bank Rs 1,815.05 crore. These payouts underscore the banks' robust financial performance and their dedication to national development goals. ...Less

India's middle class is identified as the primary driver of the nation's robust economic expansion, fueli ...More

India's middle class is identified as the primary driver of the nation's robust economic expansion, fueling consumption and ensuring its status as the world's fastest-growing major economy post-pandemic. Finance Minister Nirmala Sitharaman highlighted that by 2036, this segment will account for nearly all spending. Government initiatives are credited with broadening this base and enhancing wealth distribution across numerous cities, not just metropolises, bolstering the country's growth outlook. ...Less

Meghalaya's organic produce can drive India's growth. Union Finance Minister Nirmala Sitharaman inaugurat ...More

Meghalaya's organic produce can drive India's growth. Union Finance Minister Nirmala Sitharaman inaugurated a large organic spice plant. She highlighted Meghalaya's trust in global markets. The state's focus on quality over volume is key. This development aligns with India's ambition for a developed nation by 2047. The Northeast is central to this national growth story. ...Less

India's fiscal deficit stood at ₹1.62 lakh crore during April-May, accounting for 9.6% of the full-year b ...More

India's fiscal deficit stood at ₹1.62 lakh crore during April-May, accounting for 9.6% of the full-year budget estimate, according to government data released on Tuesday. ...Less

A look at Union government reshuffles since 2014 reveals a pattern: core strategic ministries like Home, ...More

A look at Union government reshuffles since 2014 reveals a pattern: core strategic ministries like Home, Finance, Defence, and External Affairs remain stable, while public-facing roles, particularly Information & Broadcasting, see frequent changes. This trend highlights a deliberate approach to ministerial assignments, with some portfolios experiencing multiple ministers over the past decade, suggesting a focus on continuity in key areas and flexibility in others. ...Less

Parliament's joint committee received briefings on the Corporate Laws (Amendment) Bill, 2026, from Financ ...More

Parliament's joint committee received briefings on the Corporate Laws (Amendment) Bill, 2026, from Finance Ministry officials and the National Financial Reporting Authority. This proposed legislation aims to simplify business operations by decriminalizing minor procedural errors and modernising corporate governance. ...Less

Prime Minister Narendra Modi declared eastern India, once neglected under Congress, is now a hub of progr ...More

Prime Minister Narendra Modi declared eastern India, once neglected under Congress, is now a hub of progress. Addressing a Rairangpur gathering, he highlighted Odisha's rapid development, emphasizing the 'Purvodaya' policy to drive national growth through the East. Modi also noted the state's resources being transformed into opportunities and extended birthday wishes to President Murmu, acknowledging her contribution to Odisha's identity. ...Less

PFC and REC boards approved their merger scheme with a share-swap ratio of 88 PFC shares for every 100 RE ...More

PFC and REC boards approved their merger scheme with a share-swap ratio of 88 PFC shares for every 100 REC shares. The merger aims to create India’s largest power financing institution. Analysts advise staggered investment, citing regulatory approvals, execution risks and valuation concerns despite long-term sector support. ...Less

Assam Chief Minister Himanta Biswa Sarma highlighted the significant role of Externally Aided Projects (E ...More

Assam Chief Minister Himanta Biswa Sarma highlighted the significant role of Externally Aided Projects (EAPs) in the North East's development at a seminar in Shillong. He noted Assam's substantial increase in EAP funding, from Rs. 7,500 crore to Rs. 53,000 crore, driving progress in healthcare, infrastructure, and more. Sarma urged for enhanced EAP access for states to foster further growth and transform the region into an economic powerhouse. ...Less

The proposed merger of Power Finance Corporation and REC will create India's largest power sector financi ...More

The proposed merger of Power Finance Corporation and REC will create India's largest power sector financing institution with a combined loan book exceeding Rs 11 lakh crore. Here's a look at the approved share swap ratio, merger rationale, pending approvals, record date details, and what the restructuring means for shareholders. ...Less

HDFC AMC and Nippon Life AMC shares surged up to 6% after Finance Minister Nirmala Sitharaman indicated f ...More

HDFC AMC and Nippon Life AMC shares surged up to 6% after Finance Minister Nirmala Sitharaman indicated further measures to attract foreign capital. Expectations of increased overseas participation, supportive RBI actions and improving global sentiment lifted financial stocks and broader markets. ...Less

The State Bank of India (SBI) presented a dividend cheque of Rs 8,813 crore to the government for the fin ...More

The State Bank of India (SBI) presented a dividend cheque of Rs 8,813 crore to the government for the financial year ending March 31, 2026. This follows SBI's reported 6% year-on-year rise in net profit for the January-March quarter of FY26, reaching Rs 19,684 crore. ...Less

Women are becoming India's growth engine with over 3 crore women-led enterprises registered under Udyam P ...More

Women are becoming India's growth engine with over 3 crore women-led enterprises registered under Udyam Portal, said FM Nirmala Sitharaman in a series of tweets on Friday. ...Less

India and the US are pushing for an interim trade pact, with high-level talks led by Piyush Goyal and Jam ...More

India and the US are pushing for an interim trade pact, with high-level talks led by Piyush Goyal and Jamieson Greer aiming for a deal before July 24. Both nations emphasize a "win-win" partnership, with India seeking lower tariffs and better market access. Discussions focused on advancing negotiations for a balanced and mutually beneficial agreement, building on a February joint statement. ...Less

Chairing a conference on "Leveraging externally aided projects in the northeastern states" here, she said ...More

Chairing a conference on "Leveraging externally aided projects in the northeastern states" here, she said that assistance under the externally aided projects (EAP) in the northeastern region has seen a seven-fold rise under the Narendra Modi government. ...Less

India's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The govern ...More

India's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharing, and simplified processes to cut compliance costs, expedite refunds, and enhance enforcement, especially for MSMEs. This reform has broadened the tax base, boosted compliance, and significantly increased revenues, transforming India's indirect tax landscape into a unified national market. ...Less

India's tourism sector is set for a massive job surge, potentially creating 100 million direct jobs by 20 ...More

India's tourism sector is set for a massive job surge, potentially creating 100 million direct jobs by 2047. Industry leaders emphasize the critical need for enhanced international marketing to attract more foreign visitors, highlighting India's vast untapped potential despite its rich cultural and natural attractions. Significant economic growth and infrastructure development are supporting this optimistic outlook. ...Less

India's Finance Minister Nirmala Sitharaman highlighted significant economic challenges. These include fl ...More

India's Finance Minister Nirmala Sitharaman highlighted significant economic challenges. These include fluctuating foreign exchange and crude oil prices. Rising fertiliser costs are also a concern. The nation anticipates a potentially weaker monsoon this year. The government is actively preparing for this scenario. Adequate buffer stocks are being maintained to ensure supply stability. ...Less

Chennai Petroleum Corporation Ltd (CPCL) has achieved Navratna status, a significant upgrade granting it ...More

Chennai Petroleum Corporation Ltd (CPCL) has achieved Navratna status, a significant upgrade granting it greater financial and operational autonomy. This elevation, approved by the Union Finance Minister, makes CPCL the 28th such enterprise in India. The company, a subsidiary of IndianOil, boasts a substantial refining capacity and a diverse product range, underscoring its growing importance in the energy sector. ...Less

The government is collaborating with banks to create a system for sharing borrower asset information. Thi ...More

The government is collaborating with banks to create a system for sharing borrower asset information. This aims to speed up the recovery of bad loans. Banks will also enhance their monitoring of cases before Debt Recovery Tribunals. Special Lok Adalats are planned to clear pending cases. Lenders are prioritizing high-value cases and using Lok Adalats for faster resolutions. ...Less

Mizoram Chief Minister Lalduhoma said externally aided projects not only provide financial assistance but ...More

Mizoram Chief Minister Lalduhoma said externally aided projects not only provide financial assistance but also bring valuable technical expertise, as specialists from partner institutions study local challenges and share their knowledge and experiences to improve project implementation ...Less

Karnataka Chief Minister D K Shivakumar visited MLA K Shadakshari in a Delhi hospital. He also met Union ...More

Karnataka Chief Minister D K Shivakumar visited MLA K Shadakshari in a Delhi hospital. He also met Union Finance Minister Nirmala Sitharaman. Earlier, Shivakumar met Prime Minister Narendra Modi. They discussed Karnataka's development and sought central support. Shivakumar expressed optimism for building a stronger Karnataka. ...Less

Union Finance Minister Nirmala Sitharaman highlighted Northeast India's potential as a growth engine, emp ...More

Union Finance Minister Nirmala Sitharaman highlighted Northeast India's potential as a growth engine, emphasizing sustainable agriculture and organic produce. Inaugurating a major organic spice processing plant in Meghalaya, she stressed quality over quantity for future agricultural success. Sitharaman also addressed a conference on leveraging externally aided projects, underscoring the need for strong institutions and partnerships to unlock the region's development potential and integrate it into India's mainstream growth agenda. ...Less

Following a tragic incident in Maharashtra linked to stock market losses, Kotak AMC's Nilesh Shah called ...More

Following a tragic incident in Maharashtra linked to stock market losses, Kotak AMC's Nilesh Shah called for mandatory qualification criteria for derivatives trading. Citing rising retail F&O losses and SEBI data showing most traders lose money, he urged stronger safeguards to curb excessive speculation in the market. ...Less

Finance Minister Nirmala Sitharaman will soon review key schemes like Jan Dhan, Mudra, and PM Vishwakarma ...More

Finance Minister Nirmala Sitharaman will soon review key schemes like Jan Dhan, Mudra, and PM Vishwakarma in West Bengal. She will meet with public sector banks and regional rural banks. The Special Assistance to States for Capital Investment scheme will also be assessed. This review aims to boost capital infrastructure, expand entrepreneurial opportunities, and generate employment in the state. ...Less

The meeting, coming just over a month after the BJP stormed to power in West Bengal for the first time, a ...More

The meeting, coming just over a month after the BJP stormed to power in West Bengal for the first time, also dwelt on improving the credit availability across various sectors in the state and bolstering the implementation of central government schemes there, the finance ministry said in a statement. ...Less

The Finance Ministry will soon meet with states and central ministries to assess the economic and fiscal ...More

The Finance Ministry will soon meet with states and central ministries to assess the economic and fiscal impact of El Nino. This review will focus on potential stress on agriculture, food inflation, and increased subsidy outgo. The government is preparing relief packages for vulnerable districts. This proactive approach aims to ensure adequate supplies and mitigate inflation spikes. ...Less

Responding to Rahul Gandhi's criticisms, Finance Minister Nirmala Sitharaman confidently proclaimed India ...More

Responding to Rahul Gandhi's criticisms, Finance Minister Nirmala Sitharaman confidently proclaimed India as the fastest-growing major economy globally. Citing impressive GDP growth rates and IMF support, she argued that the country's economic resilience is undeniable. ...Less

SBI presented a dividend cheque of Rs 8,813 crore for the financial year 2025-26 to Union Finance Ministe ...More

SBI presented a dividend cheque of Rs 8,813 crore for the financial year 2025-26 to Union Finance Minister Nirmala Sitharaman. This payout follows SBI's strong financial performance for FY26. The bank reported a net profit of Rs 80,032 crore and an operating profit of Rs 1,23,015 crore. SBI's overall business crossed Rs 109 trillion during the year. ...Less

The President has approved the merger of REC Ltd into Power Finance Corporation. This move follows PFC's ...More

The President has approved the merger of REC Ltd into Power Finance Corporation. This move follows PFC's acquisition of a majority stake in REC in 2019. The Ministry of Power conveyed the approval. The merger will see REC's assets and liabilities transferred to PFC. REC will be dissolved post-merger. ...Less

India plans further measures to attract foreign capital. Finance Minister Nirmala Sitharaman stated that ...More

India plans further measures to attract foreign capital. Finance Minister Nirmala Sitharaman stated that additional steps will be taken if required to boost capital inflows. These actions follow recent tax relief and banking regulator initiatives aimed at strengthening the Indian market. The government is committed to ensuring the necessary investments enter the country. ...Less

The Jan Aushadhi scheme had made medicines up to 60% cheaper and helped families save nearly Rs 40,000 cr ...More

The Jan Aushadhi scheme had made medicines up to 60% cheaper and helped families save nearly Rs 40,000 crore across the country, Sitharaman said addressing party workers at the Viksit Bharat Sankalp Samavesh at the BJP headquarters in Bengaluru. ...Less

Prime Minister Narendra Modi led the nation in celebrating the 12th International Day of Yoga at Kolkata' ...More

Prime Minister Narendra Modi led the nation in celebrating the 12th International Day of Yoga at Kolkata's Red Road, emphasizing yoga's role in healthy aging and global unity. President Droupadi Murmu participated in Jabalpur, highlighting yoga as India's cultural gift. Similar events, involving ministers and citizens, took place nationwide and internationally, showcasing yoga's widespread appeal for well-being and peace. ...Less

Finance Minister Nirmala Sitharaman announced over 58 crore Jan Dhan accounts have integrated millions in ...More

Finance Minister Nirmala Sitharaman announced over 58 crore Jan Dhan accounts have integrated millions into formal banking. The Pradhan Mantri Jan Dhan Yojana ensures welfare benefits, insurance, and pensions reach citizens directly. This initiative has empowered Indians, with 56% of account holders being women. India leads globally in poverty reduction. Ninety-four percent of adults now possess bank accounts. ...Less

Finance Minister Nirmala Sitharaman stated that the Global South should not bear the brunt of global imba ...More

Finance Minister Nirmala Sitharaman stated that the Global South should not bear the brunt of global imbalances and conflicts. Representing India at a summit, she emphasized the need for coordinated global action and stronger multilateral cooperation to build resilient economies and ensure inclusive growth for all. ...Less

India's economic outlook continues to evolve, with Finance Minister Nirmala Sitharaman highlighting the g ...More

India's economic outlook continues to evolve, with Finance Minister Nirmala Sitharaman highlighting the government's unwavering resolve to enhance economic policies. This declaration aligns with the Reserve Bank of India's recent downward adjustment of the FY27 GDP forecast. In a bid to woo foreign investors, the government has unveiled new tax relief on government securities. ...Less

Returning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more ...More

Returning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from the simpler ITR-1. Tax authorities are leveraging global information exchange to track overseas assets and income. Accurate reporting in Schedule FA is crucial to avoid penalties under the Black Money Act. Taxpayers must diligently disclose all foreign holdings, including dormant accounts and employee stock options, to ensure compliance. ...Less

Tata Trusts will boost its charitable spending to Rs 2,000 crore this fiscal year. CEO Siddharth Sharma h ...More

Tata Trusts will boost its charitable spending to Rs 2,000 crore this fiscal year. CEO Siddharth Sharma highlighted the trusts' commitment to societal upliftment. This increased funding will support initiatives like cancer care and the establishment of a new university and hospital. Sharma emphasized the trusts' ongoing dedication to their philanthropic goals, aiming to serve those in need across India. ...Less

Finance Minister Nirmala Sitharaman said India remains the world's fastest-growing major economy and accu ...More

Finance Minister Nirmala Sitharaman said India remains the world's fastest-growing major economy and accused Congress leader Rahul Gandhi of undermining the country's achievements by repeatedly predicting crises that have not materialised. ...Less

Union Finance Minister Nirmala Sitharaman said India faces risks from crude prices, Middle East tensions ...More

Union Finance Minister Nirmala Sitharaman said India faces risks from crude prices, Middle East tensions and Strait of Hormuz disruptions, but Prime Minister Modi's government is ensuring there is "not a supply disruption" for households and the economy. She made the remarks at the Viksit Bharat event in Karnataka on Sunday while laying out India's economic growth story. ...Less

The Centre has raised nearly Rs 20,000 crore through stake sales and asset monetisation in the first two ...More

The Centre has raised nearly Rs 20,000 crore through stake sales and asset monetisation in the first two months of this financial year. This comes as the government faces rising energy and fertiliser costs. Officials are working to boost non-tax revenues to meet spending pressures. The government has also provided support to the oil sector. ...Less

Fuel prices have risen again. Union Finance Minister Nirmala Sitharaman highlighted the West Asia crisis ...More

Fuel prices have risen again. Union Finance Minister Nirmala Sitharaman highlighted the West Asia crisis impact. She stated this crisis means higher fuel costs for citizens. The government is foregoing Rs 1 lakh crore in revenue. This is due to excise duty cuts on petrol and diesel. The government aims to protect citizens and businesses. ...Less

In light of increasing global unrest from the West Asia crisis and fluctuations in the energy sector, Fin ...More

In light of increasing global unrest from the West Asia crisis and fluctuations in the energy sector, Finance Minister Nirmala Sitharaman is advocating for a concentrated approach to managing fuel, fertiliser, and foreign exchange resources. Prime Minister Modi's recent appeals to conserve foreign currency and reduce discretionary imports underscore this strategy. ...Less

CJP protest news: The Cockroach Janta Party (CJP) protested at Jantar Mantar, demanding Union Education M ...More

CJP protest news: The Cockroach Janta Party (CJP) protested at Jantar Mantar, demanding Union Education Minister Dharmendra Pradhan's resignation over alleged NEET 2026 paper leaks and CBSE's On-Screen Marking irregularities. Protesters chanted slogans criticizing the government's handling of the situation. Dharmendra Pradhan, a senior BJP leader, currently holds portfolios for Education and Skill Development and Entrepreneurship. ...Less

The Congress party has responded to Finance Minister Nirmala Sitharaman's focus on fuel, fertiliser, and ...More

The Congress party has responded to Finance Minister Nirmala Sitharaman's focus on fuel, fertiliser, and forex. Party leader Jairam Ramesh highlighted a critical omission: the declining rates of private investment. He stated that businesses are hesitant to invest domestically due to economic concerns and a perceived negative atmosphere. This contrasts with the Finance Minister's view of a resilient Indian economy. ...Less

India just got a near-term macroeconomic breather from a US-Iran peace deal. However, early monsoon weakn ...More

India just got a near-term macroeconomic breather from a US-Iran peace deal. However, early monsoon weakness and potential El Niño conditions are emerging as the next major test for growth and price stability, shifting focus from imported energy stress to domestic climate risk. ...Less

The inter-ministerial committee has officially sanctioned the acquisition of the Indian Medicines Pharmac ...More

The inter-ministerial committee has officially sanctioned the acquisition of the Indian Medicines Pharmaceutical Corporation by Skymap Pharmaceuticals for a whopping ₹121 crore, securing a 100% ownership stake. This pivotal transaction marks the first strategic sell-off of a public sector entity in FY25, with the award letter now in circulation. ...Less

India's government increased taxes on derivatives trading to control speculation. Data from April and May ...More

India's government increased taxes on derivatives trading to control speculation. Data from April and May shows trading volumes remained largely unchanged. While some futures saw a dip, options trading volumes remained strong. The Finance Minister stated the tax aims to deter excessive speculation and protect small investors from heavy losses. ...Less

India's economy surged by a better-than-expected 7.8% in the March quarter, exceeding forecasts and pushi ...More

India's economy surged by a better-than-expected 7.8% in the March quarter, exceeding forecasts and pushing FY26 growth to 7.7%. This robust performance was driven by strong private investment and consumption, defying concerns over the West Asia war. The government remains committed to its reform agenda to maintain economic momentum. ...Less

India's government is reviewing potential budget spending cuts. Higher oil prices are increasing subsidy ...More

India's government is reviewing potential budget spending cuts. Higher oil prices are increasing subsidy costs and threatening fiscal goals. Officials are looking at trimming allocations in areas like water resources and loans to states. Capital expenditure and defense spending are unlikely to be reduced. ...Less

Finance Minister Nirmala Sitharaman has called on banks to move beyond standard loan products. She emphas ...More

Finance Minister Nirmala Sitharaman has called on banks to move beyond standard loan products. She emphasized the need for repayment structures that align with the specific income cycles of different businesses. This initiative aims to provide tailored credit solutions for MSMEs, supporting their growth and contributing to a stronger middle class and a developed India. ...Less

Tamil Nadu Chief Minister C Joseph Vijay will visit New Delhi on Wednesday to meet Prime Minister Narendr ...More

Tamil Nadu Chief Minister C Joseph Vijay will visit New Delhi on Wednesday to meet Prime Minister Narendra Modi. Vijay will submit a memorandum outlining the state's demands. These include funding for welfare and infrastructure projects. Discussions will also cover developmental initiatives and the Mekedatu water dispute. Vijay is also expected to meet top Congress leaders. ...Less

India's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'default ...More

India's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering trillions. While significantly boosting financial stability and economic growth, the law now faces challenges from judicial delays. Recent amendments aim to address these bottlenecks, ensuring the code's continued effectiveness in safeguarding India's economic progress. ...Less

Several Indian organisations in cyber, telecom, finance and banking have gained early access to Anthropic ...More

Several Indian organisations in cyber, telecom, finance and banking have gained early access to Anthropic's advanced Claude Mythos AI model. The govt is actively working to expand this access, with select public entities, including CERT-In, set to receive previews. This initiative aims to bolster cybersecurity for India's critical infrastructure. ...Less

Former RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporat ...More

Former RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign capital inflows. He argues these factors are difficult to reconcile with official data, suggesting a disconnect between headline numbers and business behavior. Rajan also highlights the lack of a clear economic roadmap and warns of vulnerabilities from the Middle East conflict. ...Less

A malicious attack on the CBSE revaluation portal's payment system granted unauthorized access to around ...More

A malicious attack on the CBSE revaluation portal's payment system granted unauthorized access to around 50 students, causing abnormal fee displays. The issue, linked to the HDFC payment gateway, led to fee fluctuations from Rs 1 to nearly Rs 68,000. Experts are now examining the system to strengthen its security and integration. ...Less

India's economy shows resilience and strong domestic demand. Finance Minister Nirmala Sitharaman highligh ...More

India's economy shows resilience and strong domestic demand. Finance Minister Nirmala Sitharaman highlighted that external factors are causing challenges. The government is taking calibrated policy actions to support businesses and maintain growth momentum. High-frequency indicators like GST collections and sales of vehicles and tractors show positive trends. The finance minister assured that suggestions for further measures will be considered. ...Less

India's Social Stock Exchange receives a significant boost. Companies can now channel a portion of their ...More

India's Social Stock Exchange receives a significant boost. Companies can now channel a portion of their Corporate Social Responsibility spending through this platform. This move aims to broaden funding for non-profit organizations. It also enhances transparency and accountability within the social impact sector. The Ministry of Corporate Affairs has amended rules to facilitate this change. ...Less

2026 RBI MPC Meeting: The Reserve Bank of India acknowledges global economic challenges from the West Asi ...More

2026 RBI MPC Meeting: The Reserve Bank of India acknowledges global economic challenges from the West Asia conflict. Rising energy prices and supply chain issues create headwinds. However, India has built strong buffers. Diversified oil sourcing and robust foreign exchange reserves protect the economy. The central bank remains confident in managing external turbulence with minimal disruption. ...Less

Finance Minister Nirmala Sitharaman discusses GST rate rationalisation, aiming to simplify rates for esse ...More

Finance Minister Nirmala Sitharaman discusses GST rate rationalisation, aiming to simplify rates for essential goods. She plans to reduce the highest rates and bring more items under lower tax categories. Sitharaman also addresses the impact of public opinion, controversies, and political strategies on economic decisions. The emphasis is on ensuring fiscal responsibility and asset creation. ...Less

Union Education Minister Dharmendra Pradhan has initiated a significant overhaul of the CBSE payment gate ...More

Union Education Minister Dharmendra Pradhan has initiated a significant overhaul of the CBSE payment gateway system. This move follows widespread complaints from students and parents regarding failed transactions and fee issues. Four public sector banks will now collaborate with the CBSE to strengthen its payment infrastructure. ...Less

After 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with ...More

After 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered India's economic landscape, from the sweeping GST to the bold move of demonetisation. His tenure has also witnessed pivotal constitutional shifts, notably the revocation of Article 370, which has reshaped regional dynamics. ...Less

Assam Chief Minister Himanta Biswa Sarma met Union Finance Minister Nirmala Sitharaman in New Delhi and d ...More

Assam Chief Minister Himanta Biswa Sarma met Union Finance Minister Nirmala Sitharaman in New Delhi and discussed a roadmap for Assam's future growth and development. The Chief Minister thanked the Union government for its support. Discussions covered economic growth, infrastructure and investment potential. ...Less

Addressing a media, Chaudhary said, "Finance Minister Nirmala Sitharaman will present an inclusive budget ...More

Addressing a media, Chaudhary said, "Finance Minister Nirmala Sitharaman will present an inclusive budget, in line with each and every sectors' needs. It will be benefiting everyone. All sectors (including farmers) should have expectations from today's budget." ...Less

The Central Board of Secondary Education is actively addressing student concerns regarding re-evaluation. ...More

The Central Board of Secondary Education is actively addressing student concerns regarding re-evaluation. Cases of mismatched answer sheets are being prioritized. Senior officials are engaging with students and parents to resolve grievances. Teams from IIT-Madras and IIT-Kanpur will examine technical issues. Public sector banks will assist in strengthening the payment gateway system. ...Less

Finance Minister Nirmala Sitharaman has indicated the government is ready to listen to stock market inves ...More

Finance Minister Nirmala Sitharaman has indicated the government is ready to listen to stock market investors. Concerns regarding Long-Term Capital Gains and Short-Term Capital Gains taxes are being considered. The Minister emphasized openness to feedback on taxation matters. This comes amid market volatility and discussions on investor sentiment. The government is engaging with stakeholders on market-related tax issues. ...Less

Finance Minister Nirmala Sitharaman will begin her pre-budget consultations with different stakeholder gr ...More

Finance Minister Nirmala Sitharaman will begin her pre-budget consultations with different stakeholder groups on Wednesday with the first meeting scheduled with the experts of agriculture and agro-processing industry. ...Less

Finance Minister Nirmala Sitharaman addressed Congress' claims that BJP has borrowed their ideas, highlig ...More

Finance Minister Nirmala Sitharaman addressed Congress' claims that BJP has borrowed their ideas, highlighted job creation efforts, defended initiatives like internships and angel tax abolition, and discussed subsidies and reforms. She emphasized youth employment schemes and criticized Congress for past inaction. Sitharaman also commented on the humour in media portrayals. ...Less

These include portals for credit delivery to rural areas and machinery access for MSMEs, alongside a prog ...More

These include portals for credit delivery to rural areas and machinery access for MSMEs, alongside a program to modernize rural enterprises and credit cards for micro-enterprises. ...Less

Budget 2026 memes: As Union Finance Minister Nirmala Sitharaman presented her ninth budget on February 1, ...More

Budget 2026 memes: As Union Finance Minister Nirmala Sitharaman presented her ninth budget on February 1, 2026, social media was flooded with memes and hilarious reactions. Netizens were quick to react to the budget and showed their creativity, referring to middle-class, salaried class people. Many comments highlighted the middle class's perspective on the budget proposals. The budget's impact generated significant discussion. ...Less

India's Insolvency and Bankruptcy Code (IBC) has facilitated over Rs 4 lakh crore in creditor realisation ...More

India's Insolvency and Bankruptcy Code (IBC) has facilitated over Rs 4 lakh crore in creditor realisations from resolved cases. Additionally, nearly Rs 14 lakh crore in claims were settled pre-admission, showcasing a significant shift in debtor-creditor dynamics and promoting timely resolution of financial stress. ...Less

Finance Minister Nirmala Sitharaman defends the Enforcement Directorate's investigation of cases from the ...More

Finance Minister Nirmala Sitharaman defends the Enforcement Directorate's investigation of cases from the UPA time. She criticizes the lack of dialogue and name-calling in Parliament. Sitharaman emphasizes that the government has called for participation and discussion from the opposition. She denies the misuse of power by the ED and highlights the accountability and monitoring of cases by the courts. Sitharaman also addresses the allegations against Paytm, stating that regulatory issues are being addressed in the interest of consumers. She dismisses accusations of unethical alliances and corruption, asserting the focus on performance and benefits for citizens in the upcoming elections. ...Less

You cannot ignore rupee fluctuation and today the exporters are fairly keeping their antennas alert on it ...More

You cannot ignore rupee fluctuation and today the exporters are fairly keeping their antennas alert on it. So, I do not want to over play on the currency woes only. ...Less

The Indian rupee saw its longest winning streak in a month, closing stronger against the dollar. This ris ...More

The Indian rupee saw its longest winning streak in a month, closing stronger against the dollar. This rise was driven by the Reserve Bank of India's market interventions and a significant drop in crude oil prices. Hopes for a U.S.-Iran peace deal boosted investor confidence. ...Less