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

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

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

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

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

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

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

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

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'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

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

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

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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

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'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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The government plans to sell up to a 2% stake in LIC, potentially raising Rs 10,000 crore. This move aims ...More

The government plans to sell up to a 2% stake in LIC, potentially raising Rs 10,000 crore. This move aims to deepen public shareholding amid improving profitability. The stake sale is likely in late June or early July. Merchant bankers were appointed last year. This divestment will help meet the government's asset monetisation target. ...Less

The Central Board of Secondary Education has extended the deadline for students to request scanned copies ...More

The Central Board of Secondary Education has extended the deadline for students to request scanned copies of their Class 12 answer books. The new deadline is May 25 midnight. This extension comes after students faced difficulties accessing the portal. Union Education Minister Dharmendra Pradhan is working with the Finance Ministry to improve the payment gateway system. ...Less

India's Finance Minister Nirmala Sitharaman explains recent fuel price increases are market-driven by oil ...More

India's Finance Minister Nirmala Sitharaman explains recent fuel price increases are market-driven by oil companies. She noted the government previously absorbed over Rs 1 lakh crore in revenue through excise duty cuts to protect consumers from inflation. The minister also discussed managing global challenges and the evolving landscape for textile exporters, emphasizing sustainability and technology adoption. ...Less

International mutual funds are leading in returns, driven by global markets and currency gains. However, ...More

International mutual funds are leading in returns, driven by global markets and currency gains. However, Indian investors face hurdles due to overseas investment limits imposed by the RBI. Experts advise continuing existing SIPs but caution against new investments. Investors are exploring alternative routes like LRS and GIFT City for global diversification as fund houses restrict inflows. ...Less

IIT experts will now fix technical problems with the CBSE Class 12 re-evaluation process. Union Education ...More

IIT experts will now fix technical problems with the CBSE Class 12 re-evaluation process. Union Education Minister Dharmendra Pradhan ordered the immediate involvement of IIT Madras and IIT Kanpur teams. The CBSE payment gateway system will undergo a complete overhaul. Public sector banks will provide support to strengthen the payment infrastructure. ...Less

Individuals and HUFs without business income but with complex income sources like salary, multiple house ...More

Individuals and HUFs without business income but with complex income sources like salary, multiple house properties, or capital gains can file ITR-2 for AY 2026-27 by July 31, 2026. Key errors to avoid include misclassifying capital gains, neglecting foreign asset disclosures, and incorrect residential status determination. ...Less

Fuel prices are rising again, making travel and goods more expensive. This impacts transporters, supply c ...More

Fuel prices are rising again, making travel and goods more expensive. This impacts transporters, supply chains, and household budgets. Oil Marketing Companies are seeing stock rallies. The government faces a challenge balancing OMCs' financial health with consumer impact. Global events continue to influence fuel costs. ...Less

India is rigorously testing its critical financial and government software for vulnerabilities to Anthrop ...More

India is rigorously testing its critical financial and government software for vulnerabilities to Anthropic's powerful Mythos AI. Tech giants Infosys and TCS are involved, while CERT-In examines national infrastructure like Aadhaar. This proactive measure stems from global concerns about Mythos' dual potential for cybersecurity defense and attack. ...Less

Union Finance Minister Nirmala Sitharaman reviewed GIFT City in Gandhinagar. She noted its significant pr ...More

Union Finance Minister Nirmala Sitharaman reviewed GIFT City in Gandhinagar. She noted its significant progress and strategic role in India's financial growth. GIFT City offers a unique blend of scale, technology, and talent. It is becoming a key hub for global finance, attracting significant investments and entities. Continued coordination will further strengthen its position. ...Less

On May 26, 2014, Modi took charge as India's Prime Minister with landslide victory. He got re-elected wit ...More

On May 26, 2014, Modi took charge as India's Prime Minister with landslide victory. He got re-elected with a bigger mandate in 2019 and again became the prime minister for the 3rd time in 2024. ...Less

Uber CEO Dara Khosrowshahi announced the company's first data center in India, a collaboration with the A ...More

Uber CEO Dara Khosrowshahi announced the company's first data center in India, a collaboration with the Adani Group, set to launch later this year. This facility will be instrumental in testing and deploying Uber's technology at scale. ...Less

PFC and REC shares are under scrutiny as a mega merger progresses. Analysts advise a staggered approach t ...More

PFC and REC shares are under scrutiny as a mega merger progresses. Analysts advise a staggered approach to buying, highlighting that the trade now involves swap ratios and execution clarity beyond core business fundamentals. PFC is seen as the safer bet due to its parent status, while REC presents a merger-arbitrage opportunity with higher risk. ...Less

Uber CEO Dara Khosrowshahi asserts the company's dominance, highlighting expansion into allied businesses ...More

Uber CEO Dara Khosrowshahi asserts the company's dominance, highlighting expansion into allied businesses and India's projected rise as its largest market. He also expressed openness to revisiting food delivery and potentially partnering with Travis Kalanick on autonomous vehicles, while emphasizing India's growing role in AI infrastructure development. ...Less

CBSE portal glitches: Union Education Minister Dharmendra Pradhan has directed IIT Madras and IIT Kanpur ...More

CBSE portal glitches: Union Education Minister Dharmendra Pradhan has directed IIT Madras and IIT Kanpur to assist CBSE in resolving technical glitches plaguing its post-result re-evaluation portal. The move follows widespread complaints of payment failures, login issues, and server downtime. Four public sector banks are also aiding in stabilizing the payment gateway to ensure a glitch-free and student-friendly process. ...Less

Power Finance Corporation's board has taken a significant step towards merging with Rural Electrification ...More

Power Finance Corporation's board has taken a significant step towards merging with Rural Electrification Corporation. The board has approved seeking formal approval from the President of India for this proposed mega merger. This move consolidates two major PSU non-banking financial corporations. The merger is subject to further regulatory clearances and approvals. ...Less

Indian authorities are exploring ways to revive the long-delayed sale of a majority stake in IDBI Bank af ...More

Indian authorities are exploring ways to revive the long-delayed sale of a majority stake in IDBI Bank after bids fell short of expectations earlier this year. Officials are considering lowering the reserve price by up to 20% and reducing reliance on the bank’s market price to make the deal more attractive to buyers, according to people familiar with the matter. ...Less

The Indian government is set to revolutionize the landscape for Regional Rural Banks with the introductio ...More

The Indian government is set to revolutionize the landscape for Regional Rural Banks with the introduction of a central tech hub dedicated to digital service enhancements and fortified cybersecurity. ...Less

Himanta Biswa Sarma will take oath as Assam Chief Minister on Tuesday. Four ministers will be sworn in wi ...More

Himanta Biswa Sarma will take oath as Assam Chief Minister on Tuesday. Four ministers will be sworn in with him. Prime Minister Narendra Modi will attend the ceremony. Top NDA leaders and Chief Ministers from 22 states are also expected. Ranjit Das will be the candidate for Speaker of the Assam Legislative Assembly. ...Less

Uber CEO Dara Khosrowshahi announced plans for two new tech centers in Bengaluru and Hyderabad by the end ...More

Uber CEO Dara Khosrowshahi announced plans for two new tech centers in Bengaluru and Hyderabad by the end of 2027, significantly expanding its India footprint. The company is also prioritising its two-wheeler market, which has become a key growth segment despite regulatory hurdles and rising fuel prices. ...Less

A man was apprehended at the new Assam government's swearing-in ceremony. Live bullets were found during ...More

A man was apprehended at the new Assam government's swearing-in ceremony. Live bullets were found during security checks at the venue. He was taken into custody for questioning. No weapons were recovered. An investigation is underway to determine the circumstances and any potential security threat. The incident occurred just before the oath-taking ceremony. ...Less

Chinese tech giant Tencent is boosting India's gaming sector through strategic partnerships with SEPC and ...More

Chinese tech giant Tencent is boosting India's gaming sector through strategic partnerships with SEPC and GDAI. The company aims to bring world-class gaming experiences to India while nurturing local developer talent and global expansion opportunities for Indian studios. This initiative aligns with India's growing AVGC sector needs. ...Less

Uber CEO Dara Khosrowshahi announced a partnership with Adani Group to establish Uber's first data center ...More

Uber CEO Dara Khosrowshahi announced a partnership with Adani Group to establish Uber's first data center in India. This facility, set to be operational later this year, will enable Uber to test and deploy technology, supporting its growth as a global innovation hub for the company. ...Less

Groww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ...More

Groww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5. ...Less

India's Jan Suraksha schemes have secured almost 940 million people. These programs offer life and accide ...More

India's Jan Suraksha schemes have secured almost 940 million people. These programs offer life and accident insurance and pension benefits. Over ₹21,500 crore has been paid out under PMJJBY and ₹3,660 crore under PMSBY. Digitization speeds up claim settlements. The government is considering revising benefits to enhance financial security for citizens. ...Less

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Friday stated that the 16th India- ...More

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Friday stated that the 16th India-EU Summit held in New Delhi this January provided a decisive new momentum to the bilateral strategic partnership, elevating it to a higher level. ...Less

Uber CEO Dara Khosrowshahi is in India, meeting top ministers to discuss strategic investments and platfo ...More

Uber CEO Dara Khosrowshahi is in India, meeting top ministers to discuss strategic investments and platform growth. He highlighted a quadrupling of earners on Uber's platform since 2022, emphasising partnership for India's development. The visit occurs amid heightened competition and Uber's focus on premium services and fleet operator investments. ...Less

Malabar Gold & Diamonds proposed enhancements to the Gold Monetisation Scheme to boost public participati ...More

Malabar Gold & Diamonds proposed enhancements to the Gold Monetisation Scheme to boost public participation and mobilize idle gold. The company suggests integrating organized jewelers, reducing minimum deposit quantities, and offering flexible redemption options to reduce import dependency and strengthen India's economy. ...Less

India's shipping ministry has extended a vital subsidy scheme for Indian companies flagging merchant ship ...More

India's shipping ministry has extended a vital subsidy scheme for Indian companies flagging merchant ships. This initiative will now run until the financial year 2030-31. The scheme aims to boost India's maritime fleet and global shipping presence. It provides financial support to Indian shipping companies bidding for government cargo tenders. ...Less

Govt officials are reviewing the IDBI Bank disinvestment strategy. This comes after weak investor interes ...More

Govt officials are reviewing the IDBI Bank disinvestment strategy. This comes after weak investor interest and market volatility impacted the proposed sale. A core group of secretaries is deliberating on revised valuations and timelines. Finance Minister Nirmala Sitharaman confirmed the strategic sale will proceed. The government aims to conclude the IDBI Bank transaction soon. ...Less

Union Finance Minister Nirmala Sitharaman inaugurated the Indian Institute of Gems and Jewellery in Udupi ...More

Union Finance Minister Nirmala Sitharaman inaugurated the Indian Institute of Gems and Jewellery in Udupi. The centre provides professional training and promotes entrepreneurship among youth. It has grown steadily since 2016, offering industry-relevant skills. The minister also witnessed an MoU signing for lab-grown diamond technologies. ...Less

Union Finance Minister Nirmala Sitharaman has dismissed Tamil Nadu Chief Minister MK Stalin's allegations ...More

Union Finance Minister Nirmala Sitharaman has dismissed Tamil Nadu Chief Minister MK Stalin's allegations regarding incentives for paddy cultivation. Sitharaman stated that the Union government's communication was a suggestion to states to align bonus policies with national priorities. The aim was to encourage crop diversification. The decision on state bonuses remains with state governments. ...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

Punjab National Bank is boosting its cybersecurity spending by over 50% this financial year. The bank is ...More

Punjab National Bank is boosting its cybersecurity spending by over 50% this financial year. The bank is investing heavily in technology to protect against digital threats, including those posed by advanced AI. This move comes as regulators and banks assess preparedness for AI-related risks. PNB is also accelerating the purchase of security tools and has made its audit process continuous. ...Less