Union Finance Minister Nirmala Sitharaman became emotional at an event in Bengaluru. The program honored ...More

Union Finance Minister Nirmala Sitharaman became emotional at an event in Bengaluru. The program honored the 110th birth anniversary of Carnatic vocalist M.S. Subbulakshmi. Subbulakshmi's great-granddaughters performed some of her renowned compositions during the celebration. The minister reflected on Subbulakshmi's dedication and her significant musical legacy. M.S. Subbulakshmi received the Bharat Ratna and performed at the United Nations. ...Less

Assam and Meghalaya Chief Ministers met Union Finance Minister Nirmala Sitharaman. They sought a renewed ...More

Assam and Meghalaya Chief Ministers met Union Finance Minister Nirmala Sitharaman. They sought a renewed push for Externally Aided Projects in their states. The discussion focused on increasing capital expenditure and investment channels. This aims to boost physical and social infrastructure development in the Northeast. The Finance Minister responded positively and assured support for the agenda. ...Less

Finance Minister Nirmala Sitharaman met AIIB President Zou Jiay in New Delhi. They discussed deepening th ...More

Finance Minister Nirmala Sitharaman met AIIB President Zou Jiay in New Delhi. They discussed deepening the India-AIIB partnership and infrastructure priorities. Support for transport connectivity and local-currency financing was also explored. Increased private sector participation and AIIB's global presence were key topics. The meeting occurred on the sidelines of the BRICS Summit. ...Less

The finance ministry said in a statement Monday it has taken cognisance of the concerns and decided to ke ...More

The finance ministry said in a statement Monday it has taken cognisance of the concerns and decided to keep the implementation in abeyance in response to the employee representation on the PLI structure. The matter will now be discussed during the ongoing bipartite settlement or joint note discussions, it said. ...Less

The discussions covered India-IMF relations, the country's evolving growth trajectory, and the implicatio ...More

The discussions covered India-IMF relations, the country's evolving growth trajectory, and the implications of shifts in the global economic environment, including India's trade agenda and developments in the global trading system, including recently concluded bilateral trade agreements. ...Less

Global Fintech Fest: Sitharaman said that India was experiencing its demographic dividend in real time, w ...More

Global Fintech Fest: Sitharaman said that India was experiencing its demographic dividend in real time, with the country’s young population increasingly translating its potential into economic momentum. ...Less

Finance Minister Nirmala Sitharaman reviewed BRICS Finance Track outcomes and preparations. She met with ...More

Finance Minister Nirmala Sitharaman reviewed BRICS Finance Track outcomes and preparations. She met with senior officials from the Department of Economic Affairs. The upcoming BRICS Finance Ministers and Central Bank Governors meeting is scheduled for September. This significant gathering will take place in Mumbai ahead of the BRICS Leaders' Summit. The Finance Track is guided by the theme 'Building for Resilience, Innovation, Cooperation and Sustainability'. ...Less

India's Financial Intelligence Unit issued notices to fifteen Virtual Digital Assets Service Providers. T ...More

India's Financial Intelligence Unit issued notices to fifteen Virtual Digital Assets Service Providers. These firms operated without complying with anti-money laundering regulations in India. The Director of FIU-India also ordered the takedown of illegal applications and URLs. Fifteen firms were brought under the AML/CFT framework in March 2023. Virtual Digital Assets Service Providers must register with FIU-India and follow mandated obligations. ...Less

Finance Minister Nirmala Sitharaman stressed responsible AI adoption over avoidance. Institutions must ma ...More

Finance Minister Nirmala Sitharaman stressed responsible AI adoption over avoidance. Institutions must manage AI risks and avoid legacy system reliance. Faster AI adoption requires safety and accountability, with human oversight remaining vital. Regulators and senior management must oversee AI deployment and potential harms. ...Less

India's External Affairs Minister Jaishankar launched development projects during his Bhutan visit. He ha ...More

India's External Affairs Minister Jaishankar launched development projects during his Bhutan visit. He handed over Jersey cows for Bhutan's dairy breeding program. Phase-II of international UPI was launched for Bhutanese citizens visiting India. Nepal's Finance Minister Wagle met Nirmala Sitharaman in New Delhi. They discussed Nepal's reconstruction, trade, energy, and connectivity improvements. ...Less

The government has postponed the performance-linked incentive scheme for bank employees. This decision fo ...More

The government has postponed the performance-linked incentive scheme for bank employees. This decision follows employee representations seeking a review of the existing structure. Finance Minister Nirmala Sitharaman met with bank employee representatives to discuss their concerns. The scheme's implementation for 2025-26 will be kept in abeyance. Discussions will continue through bipartite settlement and joint note talks. ...Less

Finance Minister Nirmala Sitharaman met European Commissioner Valdis Dombrovskis to deepen economic ties. ...More

Finance Minister Nirmala Sitharaman met European Commissioner Valdis Dombrovskis to deepen economic ties. They discussed trade, technology, and supply chain resilience cooperation. Sitharaman also met South Korean Deputy Prime Minister Koo Yun-cheol for bilateral talks. Both nations aim to strengthen economic and financial cooperation further. Discussions included investment, critical minerals, and payment system interoperability. ...Less

India's real GDP grew 7.8 percent in the April-June quarter. This performance exceeded the Reserve Bank o ...More

India's real GDP grew 7.8 percent in the April-June quarter. This performance exceeded the Reserve Bank of India's earlier growth forecast. Finance Minister Nirmala Sitharaman credited the people and government reforms for this success. The government remains committed to expanding economic opportunities for all citizens. Nominal GDP grew 10.3 percent while real GVA recorded 8.2 percent growth. ...Less

India and the European Union explored deeper cooperation in critical minerals and processing. Discussions ...More

India and the European Union explored deeper cooperation in critical minerals and processing. Discussions also covered fintech and artificial intelligence advancements between the two blocs. The finance minister met with her Russian counterpart to discuss bilateral cooperation. They also reviewed regional and global economic developments and shared interests. Sitharaman further met with finance ministers from Poland, Qatar, and South Korea. ...Less

Finance Minister Nirmala Sitharaman met with IMF Deputy Managing Director Nigel Clarke on Monday. They re ...More

Finance Minister Nirmala Sitharaman met with IMF Deputy Managing Director Nigel Clarke on Monday. They reviewed India-IMF relations and acknowledged India's role in SARTTAC. Discussions covered India's growth trajectory and global economic changes. The IMF official highlighted India's economic performance and resilience amid global challenges. Clarke also praised government efforts in fiscal consolidation and economic support measures. ...Less

A jhalmuri seller in Jhargram celebrated Prime Minister Modi's birthday. He served larger portions of the ...More

A jhalmuri seller in Jhargram celebrated Prime Minister Modi's birthday. He served larger portions of the popular Bengali snack to his customers. This gesture marked the memorable visit of the Prime Minister to his stall. Photographs from the Prime Minister's visit were displayed and shared widely. The interaction had previously gained significant national attention and viral fame. ...Less

Public sector insurers must focus on profitable business lines and lower incurred claim ratios. Greater t ...More

Public sector insurers must focus on profitable business lines and lower incurred claim ratios. Greater technology use and digitalisation are encouraged for operational efficiency. Improved customer outreach and social media engagement will enhance product awareness. Companies should increase insurance penetration and reduce protection gaps. Performance monitoring will be strengthened through a standardised KPI framework. ...Less

Nepalese Prime Minister Balen Shah plans his first India visit by year-end. This visit aims to open new v ...More

Nepalese Prime Minister Balen Shah plans his first India visit by year-end. This visit aims to open new vistas for bilateral partnership and cooperation. Discussions will focus on industry-to-industry collaboration and job creation initiatives. Nepal also seeks fresh private investments and modernization of trade treaties. Discussions also covered reconstruction efforts following recent devastating flash floods. ...Less

The Department of Rural Development and PFRDA will create Pension Sakhis across rural India. These women ...More

The Department of Rural Development and PFRDA will create Pension Sakhis across rural India. These women will facilitate pension enrolment and retirement planning for SHG members. The initiative aims to improve financial inclusion and long-term savings in rural areas. Digital dashboards and mobile solutions will strengthen outreach and monitor progress effectively. This collaboration supports sustainable prosperity and economic advancement for rural households. ...Less

US Treasury Secretary Scott Bessent met Indian Finance Minister Nirmala Sitharaman recently. This meeting ...More

US Treasury Secretary Scott Bessent met Indian Finance Minister Nirmala Sitharaman recently. This meeting occurred during the G20 Finance Ministers and Central Bank Governors gathering. Indian companies have invested forty billion dollars in the United States. These investments currently support over seventy thousand American jobs. The US-India account shared this significant economic information. ...Less

DMK leader Kanimozhi met Mamata Banerjee in Kolkata on Thursday. This meeting follows discussions with Ud ...More

DMK leader Kanimozhi met Mamata Banerjee in Kolkata on Thursday. This meeting follows discussions with Uddhav Thackeray and Sharad Pawar. Strains between DMK and Congress have emerged recently. The TMC and Congress have also sparred over a West Bengal bypoll. Kanimozhi's outreach sparks speculation about opposition coordination efforts. ...Less

The 57th GST Council meeting, scheduled for September 12, is likely to be postponed, with a final decisio ...More

The 57th GST Council meeting, scheduled for September 12, is likely to be postponed, with a final decision expected after consultations with states. The meeting was set to discuss several ease-of-doing-business measures, including protecting buyers’ ITC when suppliers fail to deposit GST, simplifying taxation of corporate guarantees, allowing ITC on certain employee-related expenses and enabling small businesses to obtain GST registrations across multiple states. ...Less

Union Finance Minister Nirmala Sitharaman met global leaders during the G20 meeting. She discussed trade ...More

Union Finance Minister Nirmala Sitharaman met global leaders during the G20 meeting. She discussed trade and investment cooperation with World Bank President Ajay Banga. Sitharaman also spoke with IMF Managing Director Kristalina Georgieva about economic outlook. Discussions with Poland and Qatar covered expanding bilateral partnerships and trade. Engagements aimed to broaden economic ties and attract private capital. ...Less

India's Finance Minister and the US Treasury Secretary met to strengthen bilateral ties. They committed t ...More

India's Finance Minister and the US Treasury Secretary met to strengthen bilateral ties. They committed to deepening cooperation across several key areas of mutual interest. Critical minerals emerged as a significant focus for future collaboration between the two nations. The meeting occurred on the sidelines of the G20 Finance Ministers gathering. Both officials acknowledged the long-standing relationship and pledged enhanced partnership. ...Less

Union Finance Minister Nirmala Sitharaman on Thursday asked banks providing loans under the PM MUDRA Yoja ...More

Union Finance Minister Nirmala Sitharaman on Thursday asked banks providing loans under the PM MUDRA Yojana to step up financial literacy efforts across states to help small entrepreneurs expand their businesses and bring more people under the scheme. ...Less

The things the FM and the World Bank chief discussed included a significant role of MIGA in boosting corp ...More

The things the FM and the World Bank chief discussed included a significant role of MIGA in boosting corporate and infrastructure finance. They also explored the utilisation of technology for advancing agricultural practices and tourism development, aiming at harnessing global knowledge and private capital for progress. ...Less

Finance Minister Nirmala Sitharaman on Thursday questioned whether safeguards being developed by frontier ...More

Finance Minister Nirmala Sitharaman on Thursday questioned whether safeguards being developed by frontier artificial intelligence companies are keeping pace with the rapid advancement of the technology, citing the recent resignation of Anthropic researcher Jacob Coxon over concerns about the race towards self-improving AI systems. ...Less

Recent asset declarations from ministers reveal a diverse range of portfolios including cryptocurrency in ...More

Recent asset declarations from ministers reveal a diverse range of portfolios including cryptocurrency investments and foreign assets. While some officials claim livestock such as cows and sheep, others report ownership of older cars. Notably, several cabinet members hold properties in the Delhi-NCR region, yet declarations of firearms are largely absent. Overall, these disclosures highlight wealth accumulated through family means rather than just assets obtained in office. ...Less

In a significant move, India and the US have vowed to bolster their bilateral relationship, particularly ...More

In a significant move, India and the US have vowed to bolster their bilateral relationship, particularly in critical minerals supply chains. U.S. Treasury Secretary Scott Bessent praised India's involvement in G7 discussions. Finance Minister Nirmala Sitharaman invited him to visit New Delhi, marking a pivotal moment. Furthermore, the US will take center stage by hosting the G20 Leaders' Summit later this year. ...Less

Finance Minister Nirmala Sitharaman urged young graduates to prioritize national interests in leadership ...More

Finance Minister Nirmala Sitharaman urged young graduates to prioritize national interests in leadership roles. She highlighted India's economic resilience amid global uncertainties and strong growth. Tamil Nadu offers growing opportunities for young professionals in technology and manufacturing. The Union Budget includes provisions to increase women's workforce participation. Graduates were advised to remain humble and approach challenges with patience. ...Less

Prime Minister Modi hosted a splendid BRICS gala dinner in New Delhi, which saw the participation of chie ...More

Prime Minister Modi hosted a splendid BRICS gala dinner in New Delhi, which saw the participation of chief ministers from opposition-led states. The summit concluded with the unanimous adoption of the New Delhi Declaration 2026, emphasizing the need for reforms in global governance and the inclusion of developing countries. The event also showcased a cultural performance that honored the shared heritage and diversity of the BRICS community. ...Less

Finance Minister Nirmala Sitharaman highlighted artificial intelligence as a double-edged sword for finan ...More

Finance Minister Nirmala Sitharaman highlighted artificial intelligence as a double-edged sword for financial systems. She advocated for a soft-touch regulatory framework for emerging technologies and innovation. The minister urged the Reserve Bank of India to accelerate its digital rupee pilots and capabilities. Sitharaman also dismissed pessimism regarding India's demographic dividend, emphasizing youth-led growth. ...Less

Union Finance Minister Nirmala Sitharaman met 3M Chairman William Brown to discuss India's manufacturing ...More

Union Finance Minister Nirmala Sitharaman met 3M Chairman William Brown to discuss India's manufacturing and innovation growth. They assessed institutional priorities, including data security and talent pool engagement. Brown acknowledged India's deep talent pool and government policy support for operations. ...Less

India's Finance Minister confirmed achieving fiscal deficit targets for 2025-26. The government plans to ...More

India's Finance Minister confirmed achieving fiscal deficit targets for 2025-26. The government plans to reduce the debt-to-GDP ratio to fifty percent by 2030. Domestic economic growth sustained over seven percent despite global headwinds. India managed fertilizer shortages and shipping risks through government intervention. Bilateral trade agreements are advancing due to slow multilateral progress. ...Less

Finance Minister Nirmala Sitharaman urged tax professionals and industry bodies to move beyond demands fo ...More

Finance Minister Nirmala Sitharaman urged tax professionals and industry bodies to move beyond demands for exemptions and rate cuts, asking them to identify provisions that no longer serve the tax system, even when they benefit from them. She said India remains better placed economically despite global challenges and sought evidence-based tax reforms. ...Less

Finance Minister Nirmala Sitharaman urged the Reserve Bank of India to advance digital rupee pilots. She ...More

Finance Minister Nirmala Sitharaman urged the Reserve Bank of India to advance digital rupee pilots. She highlighted tokenisation's role in enabling near-instantaneous settlement of financial transactions. Sitharaman advocated for a soft-touch regulatory approach to emerging technologies like artificial intelligence. She warned of AI's risks while emphasizing responsible adoption for competitiveness. Greater coordination among regulators and industry self-regulation were also called for. ...Less

Prime Minister Narendra Modi turned 76 on Thursday, September 17, with Union ministers and BJP leaders ex ...More

Prime Minister Narendra Modi turned 76 on Thursday, September 17, with Union ministers and BJP leaders extending birthday greetings and highlighting his leadership and public service. Messages from Yogi Adityanath, Amit Shah, Piyush Goyal, S Jaishankar, Nirmala Sitharaman, JP Nadda, Rajnath Singh, Shivraj Singh Chouhan and Devendra Fadnavis praised his focus on development, self-reliance and national service. ...Less

Russian President Vladimir Putin wished Prime Minister Narendra Modi on his 76th birthday, praising his c ...More

Russian President Vladimir Putin wished Prime Minister Narendra Modi on his 76th birthday, praising his contribution to strengthening the India-Russia strategic partnership and calling their recent Delhi talks substantive and productive. Putin thanked Modi for his hospitality during the BRICS Summit visit, while both leaders discussed closer trade, energy, infrastructure, technology, defence and cooperation on regional and global issues. ...Less

Banks are planning to auction cars and vehicles on the BAANKNET platform. This initiative aims to streaml ...More

Banks are planning to auction cars and vehicles on the BAANKNET platform. This initiative aims to streamline the recovery of non-performing assets for lenders. The platform will integrate with VAHAN and RTO services for complete vehicle information. PSB Alliance operates BAANKNET and has already facilitated numerous property auctions. This expansion seeks to enhance efficiency and transparency in asset recovery processes. ...Less

Finance Minister Nirmala Sitharaman met several US business leaders in Chicago. She invited them to explo ...More

Finance Minister Nirmala Sitharaman met several US business leaders in Chicago. She invited them to explore opportunities within India as a global operations hub. Discussions covered AI-enabled autonomy and defense technologies with Shield AI. Opportunities in agriculture and food value chains were explored with Archer Daniels Midland. Hyatt and Mondelez executives also participated in these important discussions. ...Less

Finance Minister Nirmala Sitharaman met IMF Managing Director Kristalina Georgieva in Asheville. Georgiev ...More

Finance Minister Nirmala Sitharaman met IMF Managing Director Kristalina Georgieva in Asheville. Georgieva acknowledged India's strong economic performance and evolving growth trajectory. Sitharaman also met World Bank President Ajay Banga and EU Commissioner Valdis Dombrovskis. Discussions focused on deepening economic partnerships and investments. Both leaders emphasized continued engagement for global economic resilience. ...Less

Uday Kotak urged India to address its substantial gold import bill. He projected gold imports could reach ...More

Uday Kotak urged India to address its substantial gold import bill. He projected gold imports could reach USD 88-90 billion by FY27. Kotak also highlighted the need for further fiscal consolidation efforts. He advised leveraging global uncertainty for accelerated reforms and investment. Strengthening Centre-state coordination is crucial for national resilience. ...Less

India remains the world's fastest-growing major economy, achieving 7.8% growth in Q1 FY27. The finance mi ...More

India remains the world's fastest-growing major economy, achieving 7.8% growth in Q1 FY27. The finance minister highlighted government focus on capital assets and MSME credit availability. Reforms like the Insolvency and Bankruptcy Code ensure regulatory certainty for businesses. India's investment climate has improved significantly, attracting greater investor interest. These efforts align with the national vision for Viksit Bharat 2047. ...Less

India and Canada aim to deepen economic ties, expanding beyond goods and services. They plan to scale up ...More

India and Canada aim to deepen economic ties, expanding beyond goods and services. They plan to scale up bilateral trade to seventy billion dollars annually by 2030. Discussions focused on investment, financial sector cooperation, and critical minerals. Canadian investors were urged to leverage India's growing economy and talent. Both nations seek to build more resilient and inclusive economies together. ...Less

India is taking notable steps to establish a new SCO Development Bank, with member nations moving towards ...More

India is taking notable steps to establish a new SCO Development Bank, with member nations moving towards finalizing the foundational documents for this crucial financial entity. Both Russia and Kazakhstan have shown interest in hosting the headquarters. The bank aims to finance collaborative economic projects while enhancing trade partnerships, marking a significant push for financial independence from traditional systems used for manipulation. ...Less

Finance Minister Nirmala Sitharaman will visit Canada and the United States for economic discussions. She ...More

Finance Minister Nirmala Sitharaman will visit Canada and the United States for economic discussions. She will participate in the G20 Finance Ministers and Central Bank Governors meeting in Asheville. Sitharaman will engage with Canadian business leaders and explore investment opportunities. In the US, she will meet with private sector companies and academics. The visit aims to deepen economic ties and attract foreign investment. ...Less

India achieved 7.8 percent growth in the first quarter of fiscal year 2026-27. This remarkable expansion ...More

India achieved 7.8 percent growth in the first quarter of fiscal year 2026-27. This remarkable expansion positions India as the world's fastest-growing major economy. Finance Minister Nirmala Sitharaman highlighted reforms and infrastructure development efforts. These measures foster a conducive investment climate for businesses and banks. India remains committed to fiscal prudence and discipline while pursuing its national vision. ...Less

The government has announced no charges on UPI transactions up to Rs 2,000. RuPay debit card payments bel ...More

The government has announced no charges on UPI transactions up to Rs 2,000. RuPay debit card payments below this amount will also remain free. This clarification follows amendments to the Payment and Settlement Systems Act. Banks and system providers cannot levy any direct or indirect charges. Consumers will continue to make instant digital payments without any transaction fees. ...Less

In a strategic appeal, Finance Minister Nirmala Sitharaman encouraged global investors to set up manufact ...More

In a strategic appeal, Finance Minister Nirmala Sitharaman encouraged global investors to set up manufacturing and innovation centers in India. She underlined the country's diverse growth trajectory and the wealth of long-term investment prospects it offers. With its talented workforce and expansive market potential, India is positioned as a prime location. ...Less

Indian ministers met Singapore's Prime Minister Lawrence Wong on Thursday. They discussed strengthening b ...More

Indian ministers met Singapore's Prime Minister Lawrence Wong on Thursday. They discussed strengthening bilateral cooperation across several key areas. Discussions focused on economic cooperation, digitalization, and skills development. The meeting aimed to advance the Comprehensive Strategic Partnership between the two nations. This engagement precedes the upcoming India-Singapore Ministerial Roundtable event. ...Less

The global economy has weathered the energy shock better than feared. Economic output is still expected t ...More

The global economy has weathered the energy shock better than feared. Economic output is still expected to expand by about three percent in 2026. However, the International Monetary Fund cautioned that risks remain high. Oil and gas prices remain elevated, and the energy shock is not over. Global debt pressures are mounting, and disinflation has stalled, according to the IMF. ...Less

Uttar Pradesh CM Yogi Adityanath said over one lakh youths will get government jobs in the next six month ...More

Uttar Pradesh CM Yogi Adityanath said over one lakh youths will get government jobs in the next six months as he handed appointment letters to 818 UPPSC and UPSSSC selectees in Lucknow, attacking the previous SP government over recruitment irregularities. ...Less

The Indian Railways Technical Supervisors' Association is pushing for an increase in the bonus ceiling fo ...More

The Indian Railways Technical Supervisors' Association is pushing for an increase in the bonus ceiling for non-gazetted staff. They urge the government to revise the PLB, as it hasn't changed since 2014-15. Employee groups emphasise that the outdated limit fails to align with current pay scales, indicating that many railway employees would benefit from such a revision. ...Less

Bank of Baroda will recruit 2,482 officers fluent in local languages. This initiative aims to improve cus ...More

Bank of Baroda will recruit 2,482 officers fluent in local languages. This initiative aims to improve customer communication and address recent concerns. Candidates will serve in their recruited state for at least twelve years. The recruitment targets graduates with one year of banking experience. This move supports inclusive growth and local economic development. ...Less

India's 7.8 percent GDP growth solidifies its status as the world's fastest-growing large economy. Ambass ...More

India's 7.8 percent GDP growth solidifies its status as the world's fastest-growing large economy. Ambassador Vinay Kwatra highlighted this economic and technological transformation at Nasdaq. He emphasized the growing partnership between India and Nasdaq's technology leadership companies. India seeks an even stronger collaboration with American businesses and investors moving forward. The opening bell ceremony symbolized confidence in enterprise and future India-US partnerships. ...Less

Finance minister Nirmala Sitharaman will visit Canada and the United States soon. She will meet global in ...More

Finance minister Nirmala Sitharaman will visit Canada and the United States soon. She will meet global investors and corporate executives to seek new investments. Sitharaman will also attend key G20 Finance Ministers and Central Bank Governors meetings. The engagements aim to strengthen economic partnerships and advance global priorities. This trip seeks to expand investment linkages and foster cooperation with partner nations. ...Less

India's fiscal deficit reached 4.55 lakh crore rupees through July. This figure represents 26.8% of the a ...More

India's fiscal deficit reached 4.55 lakh crore rupees through July. This figure represents 26.8% of the annual budget estimates for this year. The deficit narrowed significantly compared with year-earlier period. Total receipts stood at Rs 13.06 lakh crore rupees during this time. Overall expenditure also amounted to Rs 17.62 lakh lakh crore rupees. ...Less

Prime Minister Narendra Modi briefly paused his BRICS Summit remarks after Chinese President Xi Jinping a ...More

Prime Minister Narendra Modi briefly paused his BRICS Summit remarks after Chinese President Xi Jinping appeared uncomfortable. The two leaders later discussed India-China ties, stressing strategic cooperation, border peace, resolving boundary issues and addressing trade imbalances. They also agreed to deepen cooperation on regional and global issues. ...Less

Acknowledging India's strength in weathering increased energy prices, the International Monetary Fund has ...More

Acknowledging India's strength in weathering increased energy prices, the International Monetary Fund has praised the country's economic stability during a tumultuous global landscape. The real GDP growth for the April-June quarter notably exceeded initial expectations. While the IMF appreciates advancements in statistical frameworks, it calls for persistent improvements in data quality. Anticipated growth projections for India will be published in October. ...Less

Congress criticizes the government's UPI transaction notification. The party claims this move sets a stag ...More

Congress criticizes the government's UPI transaction notification. The party claims this move sets a stage for future user fees. This notification prohibits charges on UPI transactions up to two thousand rupees. However, it leaves transactions above this cap unspecified for merchants. The government states charges are needed for system upgrades and market expansion. ...Less

Benton who says he left Anthropic's safety team two weeks back says that he does not think it is acceptab ...More

Benton who says he left Anthropic's safety team two weeks back says that he does not think it is acceptable that technology may cause extinction level risks to humanity. ...Less

India and Canada held Foreign Office Consultations reaffirming their commitment to a trade agreement. Bot ...More

India and Canada held Foreign Office Consultations reaffirming their commitment to a trade agreement. Both nations aim to expand bilateral trade to seventy billion Canadian dollars by 2030. Discussions reflected accelerated high-level exchanges and expanding cooperation across multiple sectors. Bilateral ties remain anchored in shared democratic principles and respect for the rule of law. India also expressed readiness to initiate negotiations on a Bilateral Investment Treaty with Canada. ...Less

India maintained economic resilience by monitoring global events and focusing on domestic needs. The nati ...More

India maintained economic resilience by monitoring global events and focusing on domestic needs. The nation sustained over seven percent growth despite global challenges and pandemic impacts. Fiscal prudence guides India's path to reduce borrowing to fifty percent of GDP. Credit ratings are improving through effective economic management and social welfare support. ...Less

The issuing bank would retain 40% of the fee, sources said. Third-party application providers such as Pho ...More

The issuing bank would retain 40% of the fee, sources said. Third-party application providers such as PhonePe or Google Pay, and the acquiring bank would take 30% each. On a 40 bps MDR, that works out to roughly 16 bps for the bank and 12 bps each for the app and the acquirer. One basis point equals 0.01%, so a 40 bps MDR translates to a fee of 0.4% on the transaction value. ...Less

Paytm shares fell after the government directed banks and payment providers not to charge for UPI transac ...More

Paytm shares fell after the government directed banks and payment providers not to charge for UPI transactions up to Rs 2,000, raising uncertainty over charges for higher-value transactions. The decline came a day after Paytm hit a fresh 52-week high of Rs 1,840, with the stock having nearly doubled from its March low of Rs 930.6. ...Less

The BJP has lauded Prime Minister Narendra Modi for achieving an impressive 7.8 percent GDP growth. Senio ...More

The BJP has lauded Prime Minister Narendra Modi for achieving an impressive 7.8 percent GDP growth. Senior BJP figure Ravi Shankar Prasad attributed this success to the financial acumen of Finance Minister Nirmala Sitharaman. He also challenged Congress leader Rahul Gandhi to apologize for his negative economic assessments, asserting that Gandhi's grasp of economic management is lacking. Modi hailed the GDP growth as a monumental success amidst global challenges. ...Less

Bank strike on September 11: Several major lenders have warned customers that branch and office services ...More

Bank strike on September 11: Several major lenders have warned customers that branch and office services may be affected if employees join the nationwide walkout. The unions have also announced further strikes from September 28 to 30 and threatened an indefinite strike from October 26, with demands including a five-day banking week. ...Less

India and Canada are joining forces to improve remittance processes for students. With a focus on utilizi ...More

India and Canada are joining forces to improve remittance processes for students. With a focus on utilizing digital innovations, this initiative seeks to make financial transactions smoother for the over four lakh Indian students in Canada. Canadian Finance Minister Francois-Philippe Champagne underscored the massive growth opportunity that this cooperation presents for both nations' financial landscapes. ...Less

Assam Chief Minister Himanta Biswa Sarma attended the Centre’s conference on financing India’s Viksit Bha ...More

Assam Chief Minister Himanta Biswa Sarma attended the Centre’s conference on financing India’s Viksit Bharat 2047 agenda in New Delhi, where discussions focused on public investment, private capital mobilisation, fiscal discipline and Centre-State coordination. Assam’s priorities included agricultural transformation, renewable energy and macroeconomic growth. ...Less

Siddarth Gandotra resigns as CFO of Kotak Mahindra Investments Limited on August 31, 2026. Hiren Vora wil ...More

Siddarth Gandotra resigns as CFO of Kotak Mahindra Investments Limited on August 31, 2026. Hiren Vora will assume the CFO role starting September 1, 2026. Vora brings eighteen years of experience within the Kotak group. Finance Minister Nirmala Sitharaman called for banking sector reform recommendations. A high-powered committee will examine banking's role in Viksit Bharat 2047. ...Less

India and Canada are strengthening economic ties amid global uncertainty. Finance Minister Nirmala Sithar ...More

India and Canada are strengthening economic ties amid global uncertainty. Finance Minister Nirmala Sitharaman highlighted the need for deeper partnerships. Discussions focused on investment, finance, and regulatory cooperation between the nations. Both countries explored avenues for financial sector collaboration and critical minerals. This dialogue aims to build resilient and sustainable economies for both nations. ...Less

The fourth India-Singapore Ministerial Roundtable convened in Singapore to explore new partnerships. Disc ...More

The fourth India-Singapore Ministerial Roundtable convened in Singapore to explore new partnerships. Discussions focused on advanced manufacturing and strategic technologies like semiconductors. Ministers reviewed progress and identified opportunities for their comprehensive strategic partnership. They also discussed digitalization, sustainability, and connectivity between the two nations. Both countries aim to deepen ties across various economic and technological domains. ...Less

India's Finance Minister Nirmala Sitharaman sees collaboration opportunities with Canadian banks and fint ...More

India's Finance Minister Nirmala Sitharaman sees collaboration opportunities with Canadian banks and fintech firms. She noted India's robust financial sector and expanding investment activities for foreign entities. The minister highlighted India's digital ecosystem and 100% FDI in insurance as key attractions. Canadian investors can participate in India's growth and use it as a regional financial platform. Emerging sectors and India's economic transformation offer significant potential for investors. ...Less

Banks and credit firms will launch a responsible borrowing campaign to curb bad loans. This initiative ai ...More

Banks and credit firms will launch a responsible borrowing campaign to curb bad loans. This initiative aims to promote financial discipline among young borrowers. The campaign will address risks from rapid digital credit growth and predatory apps. It will also focus on improving credit history and timely payment knowledge. The government is pushing youth awareness on financial discipline and credit scores. ...Less

India's fiscal position remains comfortable in early FY27 months. Slower nominal GDP growth could pressur ...More

India's fiscal position remains comfortable in early FY27 months. Slower nominal GDP growth could pressure the fiscal deficit target. Government spending increased significantly, and capital expenditure rose nearly thirty percent. Tax collections remained strong, with income and corporate tax showing growth. Rising subsidy costs and disinvestment receipts will need close monitoring. ...Less

India and Canada will start bilateral investment treaty negotiations soon. Both nations will explore cros ...More

India and Canada will start bilateral investment treaty negotiations soon. Both nations will explore cross-border payment system collaborations and critical mineral partnerships. They aim to broaden the use of UPI in Canada through payment provider alliances. This dialogue builds on prior commitments to strengthen economic and financial cooperation. The countries aspire to increase bilateral trade to CAD 70 billion by 2030. ...Less

Finance Minister Nirmala Sitharaman met with Mondelez International and Hyatt executives in Chicago. Disc ...More

Finance Minister Nirmala Sitharaman met with Mondelez International and Hyatt executives in Chicago. Discussions focused on expanding their investments and operations within India. The meetings highlighted opportunities for increased manufacturing, sourcing, and services. Sitharaman emphasized India's skilled talent and improving business environment. ...Less

Canada can be a strategic partner for India's energy and food security needs. Canadian Finance Minister F ...More

Canada can be a strategic partner for India's energy and food security needs. Canadian Finance Minister Francois-Philippe Champagne highlighted this during talks with Nirmala Sitharaman. Both nations are seeking to deepen economic ties and expand bilateral trade significantly. Discussions covered energy, critical minerals, and resilient supply chains for cooperation. India and Canada aim to increase bilateral trade to fifty billion dollars by 2030. ...Less

India's real GDP growth is likely to remain resilient at 7 per cent-7.2 per cent in FY27, supported by bu ...More

India's real GDP growth is likely to remain resilient at 7 per cent-7.2 per cent in FY27, supported by buoyant domestic demand and continued government focus on capital expenditure, while nominal GDP growth could reach 12.5 per cent-13 per cent, according to recent report by EY. The firm said economic growth prospects remain relatively strong despite geopolitical uncertainty, elevated crude oil prices and a weaker global trade environment. ...Less

Finance Minister Nirmala Sitharaman has begun a six-day US visit focused on boosting investment ties, eng ...More

Finance Minister Nirmala Sitharaman has begun a six-day US visit focused on boosting investment ties, engaging business leaders and representing India at the G20 Finance Ministers and Central Bank Governors meeting. Her itinerary includes meetings with investors and CEOs in Chicago and New York, plus engagements on startups, technology and financial markets. ...Less

Finance Minister Nirmala Sitharaman wants public sector banks to appear more appealing to young customers ...More

Finance Minister Nirmala Sitharaman wants public sector banks to appear more appealing to young customers. She urged banks to engage directly with youth and understand their banking expectations. A month-long 'Banking for Youth' campaign will launch on October 2 for individuals sixteen and older. Banks will offer free online courses and lifestyle benefits to attract younger clients. Dedicated 'Yuva Kiosks' and 'Yuva Banking Mitra' will assist young customers in branches. ...Less

Finance Minister Nirmala Sitharaman urged Canadian investors to tap India’s fast-growing economy, highlig ...More

Finance Minister Nirmala Sitharaman urged Canadian investors to tap India’s fast-growing economy, highlighting its scale, young population, expanding consumption, digital infrastructure and deepening capital markets. She also stressed opportunities in fintech, payments and financial services, as India and Canada strengthen economic ties through CEPA negotiations, uranium cooperation and plans to more than double bilateral trade by 2030. ...Less

School Assembly News Headlines for August 25, 2026, cover major developments from India, international af ...More

School Assembly News Headlines for August 25, 2026, cover major developments from India, international affairs, sports and business. Key stories include India-China boundary talks, trade negotiations, heavy rainfall in Odisha, global tensions involving Iran, Rishabh Pant’s record, Pranesh M’s chess victory, market movements, Finance Minister Nirmala Sitharaman’s upcoming foreign visits and other important national and global updates. ...Less

Nirmala Sitharaman urged BRICS nations to foster stability for attracting private capital. Multilateral d ...More

Nirmala Sitharaman urged BRICS nations to foster stability for attracting private capital. Multilateral development banks can de-risk investments and boost project bankability. India has strengthened its infrastructure through public spending and reforms. Public investment acts as a catalyst for private sector participation. Future development finance relies on partnerships between governments and private entities. ...Less

School assembly news headlines for September 2: Stay updated with the latest national, international, spo ...More

School assembly news headlines for September 2: Stay updated with the latest national, international, sports and business developments making headlines today. Key stories include major Supreme Court developments, PM Modi’s engagements at the SCO Summit, the Nepal flood aftermath, Lionel Messi’s international retirement, US Open results, India’s 7.8% GDP growth and important railway and economic updates. ...Less

Finance Minister Nirmala Sitharaman said the government will soon set up a high-powered committee to char ...More

Finance Minister Nirmala Sitharaman said the government will soon set up a high-powered committee to chart the banking sector's role in building a "Viksit Bharat", with the panel set to draw on ideas and research emerging from two days of intensive discussions with banking sector stakeholders. Calling India's banks well placed to undertake reforms with NPAs at their lowest levels, Sitharaman said the committee's recommendations would help determine the future direction of banking and enable the government to accelerate reforms and "rev up the Indian economy" over the next two decades. ...Less

India and Singapore entered into a free trade agreement in 2005 to strengthen bilateral commerce. Singapo ...More

India and Singapore entered into a free trade agreement in 2005 to strengthen bilateral commerce. Singapore was the largest source of FDI into India in FY26, with inflows of $19.8 billion. Cumulative FDI inflows from Singapore were $194.68 billion during April 2000-March 2026, accounting for 24.72% of India's total FDI inflows. ...Less

India's GDP grew 7.8% in Q1, surpassing expectations and indicating economic resilience. This growth occu ...More

India's GDP grew 7.8% in Q1, surpassing expectations and indicating economic resilience. This growth occurred despite a challenging global economic environment and external factors. Employment-intensive sectors like manufacturing and construction showed strong performance during this period. However, risks remain due to El Nino and ongoing geopolitical conflicts impacting oil prices. The economy faces potential inflation increases from liquidity and currency pressures. ...Less

Maruti Suzuki Chairman RC Bhargava credits GST reforms for economic impetus and growth. The Indian car in ...More

Maruti Suzuki Chairman RC Bhargava credits GST reforms for economic impetus and growth. The Indian car industry is projected to reach 6.3 million units by 2031. Small car market share is expected to grow significantly faster than previously observed. The company is expanding production capacity to meet anticipated demand increases. This expansion reflects the economy's substantial potential for future growth. ...Less

India is emerging as a global manufacturing and innovation platform for exports. Canadian capital and tec ...More

India is emerging as a global manufacturing and innovation platform for exports. Canadian capital and technology can partner with India's scale and talent. The nation's reforms and digital infrastructure strengthen the investment environment. Opportunities exist in financial services and clean energy value chains. Bilateral trade aims for seventy billion dollars annually by twenty thirty. ...Less

The Pradhan Mantri Jan Dhan Yojana has completed twelve years of service. Over fifty-nine crore bank acco ...More

The Pradhan Mantri Jan Dhan Yojana has completed twelve years of service. Over fifty-nine crore bank accounts now exist under this financial inclusion scheme. Deposits have reached a substantial three point seventeen lakh crore rupees. This initiative empowers millions by providing access to banking and financial services. The scheme has significantly transformed India's banking and financial landscape. ...Less

BRICS Sports Ministers adopted a Joint Declaration, reaffirming their commitment to sports cooperation. I ...More

BRICS Sports Ministers adopted a Joint Declaration, reaffirming their commitment to sports cooperation. India's Union Minister called for a BRICS Sporting Partnership beyond declarations. Three key initiatives were advanced to deepen cooperation in sports and technology. Udaipur will host the BRICS Sports Manufacturing Conclave, focusing on innovation and trade. Ahmedabad will host the BRICS Traditional and Indigenous Sports Demonstration Games. ...Less

Finance Minister Nirmala Sitharaman emphasized the challenges faced by BRICS nations in mobilizing privat ...More

Finance Minister Nirmala Sitharaman emphasized the challenges faced by BRICS nations in mobilizing private capital. She urged multilateral institutions to draw investors into infrastructure projects, as India needs ample private investments alongside its public capital. A substantial pipeline of infrastructure projects is being cultivated through public-private partnerships, allowing the group to target resilient and sustainable growth through meaningful cooperation outcomes. ...Less

Companies are deferring investments due to uncertain demand and volatile commodity prices. Large capital ...More

Companies are deferring investments due to uncertain demand and volatile commodity prices. Large capital projects require confidence in future cash flows and pricing. The next investment cycle, FY27 to FY31, expects higher annual expenditure demand. Public investment is key to stimulating private capital expenditure and infrastructure growth. Banks and other financial institutions must prepare for increased funding needs. ...Less

India's economy demonstrated remarkable strength with a 7.8% growth rate in the June quarter, outpacing e ...More

India's economy demonstrated remarkable strength with a 7.8% growth rate in the June quarter, outpacing earlier estimates and navigating through global economic uncertainties. The surge was fueled by strong investments and robust manufacturing output. Furthermore, the services sector emerged as an essential driver of growth, hinting at a bright outlook as forecasts indicate ongoing economic resilience for the nation. ...Less

Indian ministers promoted agricultural exports in Singapore through a special roadshow event. This initia ...More

Indian ministers promoted agricultural exports in Singapore through a special roadshow event. This initiative aims to expand Indian farmers' and food manufacturers' market presence. The event focused on diverse products including organic items and millets. This effort supports strengthening bilateral trade and economic cooperation between India and Singapore. Discussions also covered enhancing digitalization and sustainability partnerships. ...Less

India's Global Capability Centres sector is rapidly expanding and generating significant revenue. However ...More

India's Global Capability Centres sector is rapidly expanding and generating significant revenue. However, a substantial gap exists between engineering graduates and job-ready talent. Companies are investing heavily in upskilling and reskilling existing employees to meet demand. Apprenticeship programs and exploring tier-two cities are also key strategies. Closer industry-academia collaboration is vital for future talent pipeline development. ...Less

Retired employees and teachers from the Delhi government are anxiously waiting for their pensions under t ...More

Retired employees and teachers from the Delhi government are anxiously waiting for their pensions under the Unified Pension Scheme. The All India NPS Employees Federation has appealed to the Finance Minister for a swift resolution of these matters. With many retirees having applied well before the September 2025 cutoff, the ongoing delays are causing significant financial strain. ...Less

Commerce Minister Piyush Goyal leads a large delegation to Singapore. This visit aims to strengthen trade ...More

Commerce Minister Piyush Goyal leads a large delegation to Singapore. This visit aims to strengthen trade and investment ties between the two nations. The delegation will engage in discussions on partnerships and technology collaboration. Singapore remains a significant economic partner and investment source for India. ...Less