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

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

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 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

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 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

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

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

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 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 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

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 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

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

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 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

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

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

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 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

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

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

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

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

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

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

The BJP criticized Rahul Gandhi for missing the official Independence Day event. This marks the second co ...More

The BJP criticized Rahul Gandhi for missing the official Independence Day event. This marks the second consecutive year he and Mallikarjun Kharge skipped the ceremony. BJP spokesperson Pradeep Bhandari accused Gandhi of reflecting a 'Dimagi Naxal' ecosystem. He alleged this decision showed Gandhi's hatred for Vande Mataram. Bhandari stated Gandhi is unfit to be the Leader of Opposition. ...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 tax amnesty scheme for small taxpayers opened Sunday and runs until December 2026. This one-time ...More

India's tax amnesty scheme for small taxpayers opened Sunday and runs until December 2026. This one-time measure aims to bring undeclared foreign assets and income into the tax net. Taxpayers with undisclosed foreign income up to one crore rupees can declare it. ...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

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

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

Commerce Minister Piyush Goyal is leading a large delegation to Singapore. This visit aims to strengthen ...More

Commerce Minister Piyush Goyal is leading a large delegation to Singapore. This visit aims to strengthen trade and investment ties between the two nations. The delegation includes representatives from various key sectors like technology and finance. Singapore remains India's largest source of foreign direct investment. Bilateral trade has significantly expanded following a cooperation agreement. ...Less

Commerce and Industry Minister Piyush Goyal on Thursday held a series of high-level bilateral and busines ...More

Commerce and Industry Minister Piyush Goyal on Thursday held a series of high-level bilateral and business engagements in Singapore, seeking to deepen India-Singapore cooperation in trade, investment, technology and business while opening up new avenues for mutually beneficial economic growth. ...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 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

Finance Minister Nirmala Sitharaman urged public sector banks to attract young customers. She suggested a ...More

Finance Minister Nirmala Sitharaman urged public sector banks to attract young customers. She suggested a focused 'Banking for Youth' campaign starting October 2. Banks must also improve priority sector lending quality and reach. Credit for farmers and MSMEs remains a government priority. Financing strategies must adapt to local agricultural conditions. ...Less

Top Indian ministers will meet their Singaporean counterparts for the fourth ISMR. This meeting aims to e ...More

Top Indian ministers will meet their Singaporean counterparts for the fourth ISMR. This meeting aims to expand cooperation in trade, investment, and advanced manufacturing. Discussions will focus on strengthening the India-Singapore Comprehensive Strategic Partnership roadmap. The event will also include the India-Singapore Business Roundtable for key business leaders. Both nations seek to enhance their significant trade and investment relationship. ...Less

Finance Minister Nirmala Sitharaman on Monday said India’s banking sector is in its strongest position to ...More

Finance Minister Nirmala Sitharaman on Monday said India’s banking sector is in its strongest position to undertake the next phase of reforms, aided by historically low non-performing assets. She said the High-Level Committee on Banking for Viksit Bharat will be announced soon to align the sector with India’s growth ambitions. ...Less

During his visit to Delhi, Assam Chief Minister Himanta Biswa Sarma met with Union Finance Minister Nirma ...More

During his visit to Delhi, Assam Chief Minister Himanta Biswa Sarma met with Union Finance Minister Nirmala Sitharaman to strategize flood disaster response measures. Also present was Union Minister Pralhad Joshi, with discussions revolving around crucial development goals for the state. They prioritized rehabilitation efforts and initiatives in education, sustainable food resources, and renewable energy. The Union government reaffirmed its commitment to supporting the families impacted by the floods. ...Less

Government-owned HMT Watches recorded sales exceeding Rs 35 lakh on Independence Day as thousands of cust ...More

Government-owned HMT Watches recorded sales exceeding Rs 35 lakh on Independence Day as thousands of customers queued in Bengaluru for limited-edition and rare watches, Union Minister HD Kumaraswamy said. He said the response demonstrated HMT's enduring brand appeal and would support the government's efforts to revive its watch manufacturing operations. ...Less

NDA MPs and Union ministers welcomed Prime Minister Narendra Modi with waving national flags and energeti ...More

NDA MPs and Union ministers welcomed Prime Minister Narendra Modi with waving national flags and energetic slogans. Subsequently, they gathered to protest outside Parliament's main gate against police actions in Jharkhand. Accusations flew towards Rahul Gandhi for sidestepping debates concerning student protests, while opposition INDIA bloc MPs organized a separate rally on the same grounds. ...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

Delhi's Lieutenant Governor reviewed the city's readiness for the BRICS Summit 2026. He emphasised seamle ...More

Delhi's Lieutenant Governor reviewed the city's readiness for the BRICS Summit 2026. He emphasised seamless cooperation and time-bound execution among all agencies. Security protocols and traffic management were directed to be fortified. Civic infrastructure and emergency medical readiness will be robust. Delhi is prepared to welcome international delegates warmly and securely. ...Less

The PM Internship Scheme is designed to bridge the gap between industry requirements and the skill sets o ...More

The PM Internship Scheme is designed to bridge the gap between industry requirements and the skill sets of job seekers. Recognizing a significant shortfall in skilled labor nationwide, senior industry leaders emphasized the need for enhanced workforce readiness. Thus, the government upgraded the scheme, raising stipends to ₹9,000 and lowering the eligibility age to eighteen. Now, final-year undergraduates can participate in this initiative from the corporate affairs ministry. ...Less

Commerce Minister Piyush Goyal met Singapore leaders to boost trade and investment. Discussions focused o ...More

Commerce Minister Piyush Goyal met Singapore leaders to boost trade and investment. Discussions focused on strengthening business-to-business engagement and unlocking new economic opportunities. Temasek Holdings CEO and Fortis Healthcare Chairman also held discussions with Goyal. The minister addressed the India-Singapore Business Forum and met potential investors. Singapore remains India's largest source of foreign direct investment and bilateral trade has expanded significantly. ...Less

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

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

Finance Minister Nirmala Sitharaman said UPI transactions will remain free for consumers, with most low-v ...More

Finance Minister Nirmala Sitharaman said UPI transactions will remain free for consumers, with most low-value payments also staying free. Any future MDR would apply only to limited merchant transactions above a prescribed threshold, with its scope to be decided later. ...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

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

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

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

In a bid to enhance efficiency, tax authorities are crafting standardized guidelines for GST registration ...More

In a bid to enhance efficiency, tax authorities are crafting standardized guidelines for GST registration applications. This effort targets easing the process for businesses disbursing tax credits that surpass Rs 2.5 lakh each month. Negotiations with states are underway to unify the documentation and information required. Officials are also considering automation for the cancellation of GST registrations. The final recommendations will be presented to the GST Council for approval. ...Less

India's External Affairs Minister Jaishankar laid the foundation stone for a new chancery complex in Sing ...More

India's External Affairs Minister Jaishankar laid the foundation stone for a new chancery complex in Singapore. This facility signifies a new era in the Comprehensive Strategic Partnership between the two nations. Singapore's Foreign Minister Vivian Balakrishnan was present during the foundation laying ceremony. Discussions also occurred regarding deepening bilateral cooperation and the current geopolitical situation. ...Less

Karnataka plans to develop Tumakuru into a major industrial manufacturing hub. This proposed node is expe ...More

Karnataka plans to develop Tumakuru into a major industrial manufacturing hub. This proposed node is expected to attract significant investments and create many jobs. The state has earmarked substantial land for this ambitious industrial corridor project. Jindal Aluminium is the anchor investor, with land allocated for Japanese and MSME enterprises. The project aims for completion by 2027, focusing on diverse manufacturing sectors. ...Less

The seventh edition of the Global Fintech Fest (GFF) 2026 to be held in Mumbai from September 8 to 11, wi ...More

The seventh edition of the Global Fintech Fest (GFF) 2026 to be held in Mumbai from September 8 to 11, will bring together policymakers, central banks, regulators and fintech companies from more than 70 countries, organisers said on Thursday. ...Less

Union Finance Minister Nirmala Sitharaman faced off against the opposition, decrying their disruptions in ...More

Union Finance Minister Nirmala Sitharaman faced off against the opposition, decrying their disruptions in Parliament. She emphasized that those who uphold the Constitution should respect the House’s operations. Home Minister Amit Shah promised in-depth answers during forthcoming discussions. Meanwhile, the Tiranga Yatra initiative is drawing impressive crowds. Although 12 Bills were passed in the Monsoon Session, the debates were notably curtailed due to ongoing protests. ...Less

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

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

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

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

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

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

A national child survey is underway to detail informal sector workers and street children. The Rajya Sabh ...More

A national child survey is underway to detail informal sector workers and street children. The Rajya Sabha approved the Bankers' Books Evidence Bill, recognizing digital records. This legislation standardizes certification and facilitates electronic banking record admissibility. No provision exists for refunding NPS corpus back to state governments. Five states have informed the government of reversion from NPS to OPS. ...Less

Union Minister Piyush Goyal met with Nippon Life India Asset Management's CEO to discuss retail investmen ...More

Union Minister Piyush Goyal met with Nippon Life India Asset Management's CEO to discuss retail investment growth. They explored avenues for attracting greater global capital into Indian markets. Goyal also met with Check Point Software's CEO regarding cybersecurity and digital infrastructure protection. He emphasized faster implementation of industrial corridor projects for economic growth. The National Industrial Corridor Programme now covers twenty approved projects across thirteen states. ...Less

Finance minister Nirmala Sitharaman said public sector banks are operating with “considerable strength” a ...More

Finance minister Nirmala Sitharaman said public sector banks are operating with “considerable strength” and urged them to use it with “greater ambition”. At the PSB Confluence, she asked banks to launch a month-long ‘Banking for Youth’ campaign from October 2 and build awareness among young people about formal credit. ...Less

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

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

Sebi’s latest study shows that 88% of individual F&O traders lost money in FY26, with options accounting ...More

Sebi’s latest study shows that 88% of individual F&O traders lost money in FY26, with options accounting for 92% of aggregate losses. Despite reduced trading volumes, retail losses remained substantial, reinforcing Warren Buffett’s longstanding warnings about derivatives. Regulatory measures, including higher STT, aim to curb excessive speculation and protect small investors. ...Less

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

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

NDA MPs welcomed Prime Minister Narendra Modi with slogans and flags. The coalition's weekly parliamentar ...More

NDA MPs welcomed Prime Minister Narendra Modi with slogans and flags. The coalition's weekly parliamentary party meeting, 'Mangal Milan', was held Tuesday. Ministers and leaders from constituent parties attended the gathering. The Monsoon Session has seen adjournments and limited legislative business. Opposition protests focused on the NEET paper leak and temple donations. ...Less

A parliamentary committee suggests a self-reliant revenue model for UPI's financial sustainability. Amend ...More

A parliamentary committee suggests a self-reliant revenue model for UPI's financial sustainability. Amendments to the Payment and Settlement Systems Act now permit transaction charges on digital payments. The committee noted a significant funding gap between allocations and operational costs. Future merchant discount rate charges will be nominal and apply to limited high-value transactions. ...Less

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

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

N Chandrasekaran's tenure as Tata Sons chairman faced significant challenges and delays. Ratan Tata's pas ...More

N Chandrasekaran's tenure as Tata Sons chairman faced significant challenges and delays. Ratan Tata's passing in October 2024 preceded leadership shifts within Tata Trusts. Noel Tata conveyed displeasure, putting Chandrasekaran's reappointment on hold in May 2026. Several trustees announced their departures from key Tata Trusts positions. Ultimately, N Chandrasekaran decided not to seek a third term as chairman. ...Less

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

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

Axis Bank credit card revised rules: Axis Bank is set to update its credit card policies on August 28, 20 ...More

Axis Bank credit card revised rules: Axis Bank is set to update its credit card policies on August 28, 2026. Notably, the markup for dynamic currency conversion will jump to 3.5% from the previous rate of 1.5%. Furthermore, late payment fees for balances over Rs 50,000 will also go up. The bank also clarified that gift card purchases will alsonot contribute towards spends-based fee waiver calculations or milestonebenefits. ...Less

India engages key partners, focusing on border management and energy security. Discussions with China now ...More

India engages key partners, focusing on border management and energy security. Discussions with China now include investment alongside boundary talks. Russia talks address energy supplies and a widening trade imbalance. Japan and Canada visits seek investment and manufacturing partnerships. These engagements align with India's upcoming hosting of the BRICS summit. ...Less

Bihar is scripting a development success story with an aggressive investment push. The state aims for ind ...More

Bihar is scripting a development success story with an aggressive investment push. The state aims for industrial transformation and restoration of ancient glory. Essential infrastructure is largely complete, shifting focus to industry and employment generation. Water management and urban development are central to the state's growth strategy. Bihar plans to increase its economy by four times in the next four years. ...Less

India's top private banks are reducing their employee numbers significantly. This workforce contraction o ...More

India's top private banks are reducing their employee numbers significantly. This workforce contraction occurred after substantial hiring in the previous fiscal year. Technology-led efficiencies are enabling banks to expand operations without increasing staff. Some midsize lenders, however, have increased their headcount during this period. Banks are accelerating AI and automation deployment across their operations. ...Less

The circulation of plastic currency notes is set to begin in the next financial year, as confirmed by the ...More

The circulation of plastic currency notes is set to begin in the next financial year, as confirmed by the Reserve Bank of India's governor following a recent policy meeting. The government has greenlit the RBI's proposal for field trials, with the procurement of these polymer banknotes currently underway. However, specific details regarding the launch date and associated costs remain undisclosed. ...Less

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

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

8th Pay Commission calculator: Starting in August 2026, the 8th Pay Commission will conduct meetings with ...More

8th Pay Commission calculator: Starting in August 2026, the 8th Pay Commission will conduct meetings with stakeholders nationwide. Employee groups are advocating for a fitment factor greater than 3.8 to enhance their salaries. Contrary to these demands, experts project a more modest fitment factor ranging from 2.0 to 2.50 for the commission's recommendations, which holds considerable significance for the basic salaries of central government workers. ...Less

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

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

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

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

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

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

PayU India CEO Anirban Mukherjee has backed a simple pricing model for UPI charges. This and more in toda ...More

PayU India CEO Anirban Mukherjee has backed a simple pricing model for UPI charges. This and more in today's ETtech Top 5. ...Less

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

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

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

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

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

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

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

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

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

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

Happy Wednesday! Venture capital firm Accel has raised its ninth India fund. This and more in today’s ETt ...More

Happy Wednesday! Venture capital firm Accel has raised its ninth India fund. This and more in today’s ETtech Morning Dispatch. ...Less

School assembly news headlines, August 27: Floods in Nepal have caused fatalities and missing persons, pr ...More

School assembly news headlines, August 27: Floods in Nepal have caused fatalities and missing persons, prompting humanitarian aid from India. India's economic transformation is driven by urbanization and digital infrastructure development. International relations saw sanctions and diplomatic discussions between various nations. Sports news highlighted hockey fitness and chess tournament progress. Educational initiatives include new support systems and scholarship programs for students. ...Less

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

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

PayU India CEO Anirban Mukherjee said the fee should not depend on whether a payment is made online or at ...More

PayU India CEO Anirban Mukherjee said the fee should not depend on whether a payment is made online or at a store. Reaching physical merchants involves distribution costs, while online companies spend more on verifying merchants and managing risk. He said these costs broadly balance out. “I would rather use industry and merchant size than online versus offline,” he said. ...Less

Prime Minister Narendra Modi urged citizens to celebrate Independence Day with pride and glory. He encour ...More

Prime Minister Narendra Modi urged citizens to celebrate Independence Day with pride and glory. He encouraged everyone to take a pledge for a developed India and hoist the tricolour. NDA MPs and Union ministers greeted him with national flags and patriotic slogans. The parliamentary party meeting also included a presentation on water resource management. ...Less

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

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

The EAC-PM has proposed consolidating India’s public sector banks into a few large, comparable institutio ...More

The EAC-PM has proposed consolidating India’s public sector banks into a few large, comparable institutions to meet rising credit demand and finance the country’s growth towards Viksit Bharat 2047. The recommendation comes after a major PSB turnaround, with stronger profits, lower NPAs and faster credit growth. Larger banks could better fund infrastructure, manufacturing, technology and overseas expansion. ...Less

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

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

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

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

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

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

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

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

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

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

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

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

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

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