Union Finance Minister Nirmala Sitharaman highlighted the impressive growth of India's digital payments e ...More

Union Finance Minister Nirmala Sitharaman highlighted the impressive growth of India's digital payments ecosystem. The Unified Payments Interface processes over 2,400 crore transactions every month, showcasing its effectiveness. Sitharaman emphasized the expansion of fintech initiatives that enhance access to credit and investment opportunities. Data centres were granted infrastructure status in 2022, aiding digital infrastructure. The Reserve Bank's new campus will bolster payment systems and provide cybersecurity training. ...Less

Finance Minister Nirmala Sitharaman responded to Rahul Gandhi's comments on the Tata group, accusing him ...More

Finance Minister Nirmala Sitharaman responded to Rahul Gandhi's comments on the Tata group, accusing him of politicisation. She emphasised the government's support for Indian industry as key to economic growth and job creation. Sitharaman challenged Gandhi's remarks regarding legal matters connected to Tata Trusts and Tata Sons. In turn, Gandhi questioned the appropriateness of the political involvement in corporate conflicts. ...Less

State-run banks are preparing to launch three financial products aimed at youth, covering savings, invest ...More

State-run banks are preparing to launch three financial products aimed at youth, covering savings, investments, insurance, and loans. These new offerings will be introduced before Diwali, in response to directives from Finance Minister Nirmala Sitharaman. A shared portal with interactive features is also being developed to engage young citizens effectively. The initiative aims to promote responsible financial behavior and awareness among the youth. ...Less

Rahul Gandhi has raised concerns over a meeting between Tata Trusts and Home Minister Amit Shah. He quest ...More

Rahul Gandhi has raised concerns over a meeting between Tata Trusts and Home Minister Amit Shah. He questioned the motives behind the gathering, asserting that Indian businesses feel pressured by the government. Meanwhile, Finance Minister Nirmala Sitharaman urged Gandhi to avoid politicizing commercial issues and highlighted the government's support for the industry. An ongoing dispute regarding the reappointment of N Chandrasekaran as executive chairman of Tata Sons adds to tensions. ...Less

Manipur Chief Minister Yumnam Khemchand Singh met Union Finance Minister Nirmala Sitharaman in New Delhi ...More

Manipur Chief Minister Yumnam Khemchand Singh met Union Finance Minister Nirmala Sitharaman in New Delhi recently. They discussed the financial health of Manipur and the state's revenue losses over the last three years. Singh requested enhanced central assistance and additional funding under the SASCI scheme during their meeting. The Chief Minister also highlighted the timely payment of salaries and pensions to employees by the state government. ...Less

Nirmala Sitharaman criticized Rahul Gandhi for alleging the Tata group was being criminally destroyed. Sh ...More

Nirmala Sitharaman criticized Rahul Gandhi for alleging the Tata group was being criminally destroyed. She accused him of politicizing issues and undermining Indian entrepreneurs. Sitharaman emphasized that the Modi government supports industry as a driving force for growth and investment. She also stated that the Congress party's policies contributed to poverty and restricted enterprise. Sitharaman urged Gandhi to engage constructively instead of making baseless allegations for political advantage. ...Less

Nirmala Sitharaman responded to criticisms regarding the sale of IDBI Bank's majority stake. The bank was ...More

Nirmala Sitharaman responded to criticisms regarding the sale of IDBI Bank's majority stake. The bank was previously in poor condition and has since been revived. She stated that prudent management and recapitalization led to its current profitability. Rahul Gandhi has expressed concerns over job security and the impact of privatization on employees. The government approved Fairfax as the strategic buyer for 60.72% of the bank's shares. ...Less

China said it was ready to work with India to allay its concerns of rising trade imbalance. Finance Minis ...More

China said it was ready to work with India to allay its concerns of rising trade imbalance. Finance Minister Nirmala Sitharaman said the trade imbalance was due to China's restrictions in market access to Indian goods and services. She said that India has not resorted to punitive tariffs to reign in large trade imbalances and prefers negotiations despite the process being time-consuming. ...Less

In a promising update on the India-US trade agreement, Nirmala Sitharaman indicated that negotiations are ...More

In a promising update on the India-US trade agreement, Nirmala Sitharaman indicated that negotiations are progressing well, with Commerce Minister Piyush Goyal mentioning that legal drafting for the initial phase is in motion. Addressing concerns related to trade imbalances and China's market access restrictions, Sitharaman underlined the critical role of infrastructure investments in driving economic growth despite global setbacks. ...Less

Finance minister Nirmala Sitharaman led an important session of the Financial Stability and Development C ...More

Finance minister Nirmala Sitharaman led an important session of the Financial Stability and Development Council, focusing on maintaining financial stability amidst looming geopolitical tensions and fluctuating global bond yields. Key topics included fostering a robust domestic investment climate, ensuring effective capital movement for reform, and addressing cybersecurity needs within the financial sector. ...Less

In response to Rahul Gandhi's opposition to IDBI Bank's privatisation, Nirmala Sitharaman stressed the su ...More

In response to Rahul Gandhi's opposition to IDBI Bank's privatisation, Nirmala Sitharaman stressed the successful recovery of the bank thanks to the NDA government's strategies. She pointed to the previous UPA government's fiscal mismanagement, which caused notable losses. Sitharaman also discussed the reviewed valuation process for the stake sale, criticising Gandhi for his attempts to politicize banking matters and the undue stress placed on bank staff during earlier administrations. ...Less

More than 200 taxpayers and industry representatives participated in an outreach programme with CBIC lead ...More

More than 200 taxpayers and industry representatives participated in an outreach programme with CBIC leadership. The engagement aimed to discuss implementation of reforms from the 57th GST Council meeting. Key reforms include a higher threshold for criminal prosecution and improved processes for tax refunds and registration. This initiative underscores the Finance Ministry's commitment to transparency and stakeholder engagement. The implemented reforms are set to take effect from April 1, 2027. ...Less

India's fiscal deficit for the first six months of the fiscal year reached Rs 7.14 lakh crore. Total rece ...More

India's fiscal deficit for the first six months of the fiscal year reached Rs 7.14 lakh crore. Total receipts during this period equaled Rs 18.35 lakh crore, which is 50.3% of the budget estimate. Revenue receipts accounted for Rs 17.57 lakh crore, with net tax revenue being Rs 12.76 lakh crore. Non-tax revenue was reported at Rs 4.81 lakh crore, which is lower than last year. ...Less

Foreign investors have sold over Rs 5 lakh crore of Indian equities since the 2024 capital gains tax hike ...More

Foreign investors have sold over Rs 5 lakh crore of Indian equities since the 2024 capital gains tax hike, with outflows intensifying in 2026. Finance Minister Nirmala Sitharaman’s comments on LTCG and STT have revived hopes of tax relief, but analysts remain divided on whether any rejig can trigger a sustained FII comeback. ...Less

Tamil Nadu has introduced 'flying squads' for goods-in-transit checks, enhancing intelligence-led inspect ...More

Tamil Nadu has introduced 'flying squads' for goods-in-transit checks, enhancing intelligence-led inspections while maintaining vehicle interception powers. This change follows the 57th GST Council meeting's approval to streamline inspections, aimed at reducing arbitrary checks and facilitating smoother interstate goods movement. Detailed directives from the CBIC are anticipated. ...Less

The United Forum of IDBI Officers and Employees has opposed the planned sale of IDBI Bank's majority stak ...More

The United Forum of IDBI Officers and Employees has opposed the planned sale of IDBI Bank's majority stake. They have requested an immediate suspension of the sale process due to market volatility. The forum argues that the decision lacks adequate justification and transparency. They are calling for a comprehensive review under parliamentary scrutiny, emphasizing the need for caution. ...Less

Indian equities surged 1.6% on Tuesday, marking the largest single-day gain in over two months. This incr ...More

Indian equities surged 1.6% on Tuesday, marking the largest single-day gain in over two months. This increase followed remarks by finance minister Nirmala Sitharaman regarding potential changes to transaction taxes. The rally was supported by a rise in IT stocks despite ongoing concerns over crude oil prices and foreign investor selling. Short-covering ahead of expiry also contributed to the market gains. ...Less

The government on Friday constituted a High Level Committee on Banking for Viksit Bharat, appointing form ...More

The government on Friday constituted a High Level Committee on Banking for Viksit Bharat, appointing former Central Vigilance Commissioner Suresh N Patel as its chairman. RBI Deputy Governor Shirish Chandra Murmu, former Indian Bank MD and CEO Padmaja Chunduru and former RBI Deputy Governor N S Vishwanathan are among its members. ...Less

FM Sitharaman linked the government's broader economic priorities -- fiscal consolidation, inflation mana ...More

FM Sitharaman linked the government's broader economic priorities -- fiscal consolidation, inflation management and currency stability -- with the need to expand employment and enterprise opportunities, particularly for women, through education, skill development and industry participation. ...Less

The Ministry of Home Affairs has issued a warning concerning increasing financial frauds through deepfake ...More

The Ministry of Home Affairs has issued a warning concerning increasing financial frauds through deepfake videos. These scams involve fraudulent advertisements impersonating political leaders like Prime Minister Narendra Modi and Union minister Nirmala Sitharaman. Victims often receive calls from international numbers claiming they have won welfare benefits or cashback rewards. They are led to make repeated payments before receiving any promised funds or rewards. ...Less

Finance Minister Nirmala Sitharaman recently met with JBIC Governor Kazuhiko Amakawa to discuss collabora ...More

Finance Minister Nirmala Sitharaman recently met with JBIC Governor Kazuhiko Amakawa to discuss collaboration. They focused on clean energy, electric mobility, and resilient supply chains, among other sectors. Additionally, discussions with Bhutan's Finance Minister explored bilateral economic cooperation and energy collaboration. Sitharaman emphasized India's ongoing support for Bhutan's developmental goals and engaged on currency payment settlements. Both meetings highlighted commitment to strengthening international partnerships and enhancing trade relations. ...Less

Banks have approached the International Financial Services Centres Authority regarding sustainable lendin ...More

Banks have approached the International Financial Services Centres Authority regarding sustainable lending targets for international banking units. The request stems from a significant rise in Foreign Currency Non-Resident deposits at GIFT City. These deposits have surged following the Reserve Bank of India's swap facility introduced in June. It is expected that the IFSCA may provide similar exemptions as the RBI has done before. ...Less

Union Commerce and Industry Minister Piyush Goyal highlighted India's potential advantages from a trade d ...More

Union Commerce and Industry Minister Piyush Goyal highlighted India's potential advantages from a trade deal with the United States. He asserted that the agreement would not harm the interests of farmers or any other stakeholders involved. Goyal made these statements during the 4th ISID-IDRA National Conference in Delhi. The trade deal aims to enhance India's economic landscape and strengthen its global standing. ...Less

US Secretary of State Marco Rubio stated that negotiations for a trade deal with India are approaching co ...More

US Secretary of State Marco Rubio stated that negotiations for a trade deal with India are approaching completion. He highlighted discussions with Indian Foreign Minister Subrahmanyam Jaishankar about energy security and defense cooperation. While tensions over tariffs and energy continue to challenge negotiations, both countries aim to deepen their economic ties. Rubio’s visit to India includes a tour of the Reliance Industries refinery and meetings with business leaders. ...Less

The impact of El Nino weather conditions could further hurt domestic production, expected to fall by 3.4% ...More

The impact of El Nino weather conditions could further hurt domestic production, expected to fall by 3.4% to a new low in the 2026-27 crop year ended September. Cotton imports hit a record high in 2025-26 to an estimated 7.1 million bales of 170 kilograms compared to last year's imports of 5.74 million bales. Prices have also risen more than 7% in the past month. ...Less

Finance Minister Nirmala Sitharaman visited Singapore from October 9 to 11 for official discussions. She ...More

Finance Minister Nirmala Sitharaman visited Singapore from October 9 to 11 for official discussions. She met President Tharman Shanmugaratnam and Prime Minister Lawrence Wong to strengthen bilateral relations. Their discussions focused on economic developments and investment opportunities for Singaporean companies in India. Sitharaman also met Foreign Minister Vivian Balakrishnan, who highlighted the growth prospects in India. Singapore is India's largest source of foreign direct investment, significantly contributing to the economy. ...Less

Sitharaman said India raised crude steel output by 10% in 2025 to 165 million tonnes and by 6% in January ...More

Sitharaman said India raised crude steel output by 10% in 2025 to 165 million tonnes and by 6% in January-August 2026, even as world output declined. India's share of world steel production has risen to about 9% from 5.2% in 2014, she added. ...Less

Finance Minister Nirmala Sitharaman said India is promoting rupee and local-currency trade settlements to ...More

Finance Minister Nirmala Sitharaman said India is promoting rupee and local-currency trade settlements to help countries facing hard-currency shortages continue importing essential goods. She said geopolitical tensions and economic downturns have pushed several nations into debt and balance-of-payments crises. ...Less

PHDCCI has recommended abolishing Long Term Capital Gains tax and modifying short-term capital gains taxe ...More

PHDCCI has recommended abolishing Long Term Capital Gains tax and modifying short-term capital gains taxes. The chamber suggests increasing the holding period for long-term investments to attract genuine investors. It emphasizes that current tax structures discourage investment due to double taxation on equities. Foreign Portfolio Investors have withdrawn significant funds from Indian equities, impacting investment levels. Government analysis of these recommendations may lead to changes in tax policy and structure. ...Less

Finance Minister Nirmala Sitharaman says easy liquidity is allowing investors to exit Indian equities as ...More

Finance Minister Nirmala Sitharaman says easy liquidity is allowing investors to exit Indian equities as the Nifty and Sensex struggle to deliver positive returns. Foreign investors have pulled out nearly $63.6 billion since October 2024, erasing nine years of inflows, amid rising US yields, a stronger dollar and AI-driven investment shifts. ...Less

Anirudh Ravichander and Kavya Maran are set to tie the knot on November 10 and 11 in Greece, attended by ...More

Anirudh Ravichander and Kavya Maran are set to tie the knot on November 10 and 11 in Greece, attended by just their close family. Following the intimate private wedding, a grand reception will take place in Chennai on November 21, where political leaders will also be invited. Scroll down and take a look at the wedding reception invite. ...Less

The Cabinet Committee on Economic Affairs approved the strategic restructuring of IDBI Bank to attract fo ...More

The Cabinet Committee on Economic Affairs approved the strategic restructuring of IDBI Bank to attract foreign investments. The government retains a minority stake in the bank after its recovery, enabling further growth. Fairfax Financial Holdings will acquire a 60.72 percent stake in the bank for Rs 52,878 crore. The transaction aims to strengthen India's banking sector and reduce government ownership of state-run assets. ...Less

Nirmala Sitharaman has identified China's constraints on Indian exports as a crucial hindrance to trade a ...More

Nirmala Sitharaman has identified China's constraints on Indian exports as a crucial hindrance to trade advancement. The finance minister reported a staggering trade deficit exceeding $100 billion with China this year, even with improved diplomatic relations. She noted that non-tariff barriers obstruct Indian products, especially generic medicines, from entering China. ...Less

Rahul Gandhi has called on citizens to join the opposition INDIA bloc's 'Chalo Dilli' march on November 1 ...More

Rahul Gandhi has called on citizens to join the opposition INDIA bloc's 'Chalo Dilli' march on November 1. He emphasised the importance of this protest as a means to protect democracy and the Constitution. Congress leaders claim that there has been a significant deletion of names from electoral rolls, which undermines electoral integrity. ...Less

Anirudh Ravichander-Kavya Maran wedding: Music composer and CEO of Sunrisers Hyderabad, are all set to ti ...More

Anirudh Ravichander-Kavya Maran wedding: Music composer and CEO of Sunrisers Hyderabad, are all set to tie the knot in November 2026. Following the destination celebration, a grand reception will be hosted in Chennai. High-profile invitees include political figures like Prime Minister Narendra Modi, Sonia Gandhi, Tamil Nadu CM Vijay and others. Read on! ...Less

Finance Minister Nirmala Sitharaman highlighted the importance of creating sustainably investable cities ...More

Finance Minister Nirmala Sitharaman highlighted the importance of creating sustainably investable cities in India. She proposed a combination of public investment alongside private capital to achieve these goals. Various urban development initiatives have been established to support this approach effectively. The Urban Challenge Fund aims to improve municipal finances and is pivotal for project preparation. Overall, the strategies discussed will enhance urban planning and infrastructure development throughout the country. ...Less

Karnataka Chief Minister DK Shivakumar addressed media after the GST Council meeting concerning pending c ...More

Karnataka Chief Minister DK Shivakumar addressed media after the GST Council meeting concerning pending central grants. He mentioned that Union Finance Minister Nirmala Sitharaman provided some encouraging updates on this matter. Shivakumar opposed the proposal for criminal cases against those not paying GST, advocating for a more constructive approach. The meeting also confirmed that significant procedural reforms were approved and the existing GST rates will remain unchanged. ...Less

Finance Minister Nirmala Sitharaman held meetings with global financial leaders in Singapore to encourage ...More

Finance Minister Nirmala Sitharaman held meetings with global financial leaders in Singapore to encourage investments. Discussions included infrastructure, renewable energy, and artificial intelligence projects within India’s economy. Executives from various financial institutions explored engagement opportunities through GIFT IFSC and NIIF. The aim is to enhance investment flows and deepen ties with international firms and institutions. These efforts are vital for India's economic growth and sustainable development. ...Less

Debate on long-term capital gains (LTCG) tax and securities transaction tax (STT) has gained momentum, wi ...More

Debate on long-term capital gains (LTCG) tax and securities transaction tax (STT) has gained momentum, with the government recognizing its significance. With foreign portfolio investors withdrawing substantial funds from Indian equities, the impact of tax regimes on investment behavior and market liquidity warrants deeper analysis. Reforms are necessary to enhance India's competitiveness in attracting global capital. ...Less

The government has initiated a reassessment of long-term capital gains tax and securities transaction tax ...More

The government has initiated a reassessment of long-term capital gains tax and securities transaction tax. Stakeholders, including investors and tax experts, have been consulted for their views. The debate has gained momentum due to significant outflows of foreign portfolio investments. Current taxation methods may affect the attractiveness of Indian equities compared to global markets. The upcoming budget provides an opportunity to revisit these tax regulations. ...Less

Finance Minister Nirmala Sitharaman met Asian Infrastructure Investment Bank (AIIB) President Zou Jiayi a ...More

Finance Minister Nirmala Sitharaman met Asian Infrastructure Investment Bank (AIIB) President Zou Jiayi and suggested the bank expand its focus to include newer infrastructure that centres on AI, MSMEs, and skilling. She reiterated that the bank's regional centrality should continue to remain a defining institutional characteristic and an important anchor of its mandate. Both leaders discussed AIIB's robust pipeline of projects in India and its expanding global presence. ...Less

Nirmala Sitharaman emphasized the importance of private capital in creating jobs and boosting productivit ...More

Nirmala Sitharaman emphasized the importance of private capital in creating jobs and boosting productivity during her address. She outlined six priorities for the World Bank Group to enhance its development impact, integrating private sector engagement. Sitharaman highlighted the need for affordable financing and addressing market failures to foster job creation. She advocated for a review of governance indicators to better represent developing countries. ...Less

Finance Minister Sitharaman criticized Akhilesh Yadav's remarks about the IDBI Bank's sale to Fairfax Fin ...More

Finance Minister Sitharaman criticized Akhilesh Yadav's remarks about the IDBI Bank's sale to Fairfax Financial Holdings. She accused Yadav's allies of ruining public sector banks during their tenure in the UPA government. Sitharaman emphasized that the NDA government has revitalized the banking system through transparency and capital infusion. The Cabinet approved the sale of a 60.72 percent stake in IDBI Bank for Rs 52,878 crore. ...Less

Finance Minister Nirmala Sitharaman said the RBI may take further measures to curb rupee volatility, clar ...More

Finance Minister Nirmala Sitharaman said the RBI may take further measures to curb rupee volatility, clarifying that its aim is to stabilise the currency rather than fix its value. The rupee recorded its biggest single-day gain in six months on Monday after the central bank introduced curbs to reduce dollar demand and intervened in the market by selling dollars. ...Less

GST reforms 2026 will move around 2 lakh businesses operating across multiple CGST jurisdictions towards ...More

GST reforms 2026 will move around 2 lakh businesses operating across multiple CGST jurisdictions towards a centralised, faceless tax administration, Finance Minister Nirmala Sitharaman said. The framework will cover scrutiny, audits, adjudication, appeals and taxpayer services, with public consultation planned before Budget 2027 and implementation targeted for FY28. ...Less

Rate rationalisation showed that a lower rate yields more revenue as the base widens, and process reforms ...More

Rate rationalisation showed that a lower rate yields more revenue as the base widens, and process reforms rest on the same principle. A business that doesn't fear the tax office is more likely to register, report its full sales and grow within the system. ...Less

India is pursuing negotiations for a Free Trade Agreement with the Eurasian Economic Union to increase ex ...More

India is pursuing negotiations for a Free Trade Agreement with the Eurasian Economic Union to increase exports. Indian Ambassador to Russia Vinay Kumar stated that bilateral trade is projected to reach USD 100 billion by 2030. The current trade turnover is reported at USD 38 billion for the first half of this year. Efforts are underway to diversify India's export basket and improve market access in Russia. ...Less

Trained apprentices at Bokaro Steel Plant have blocked all 11 factory gates as part of their protest. Thi ...More

Trained apprentices at Bokaro Steel Plant have blocked all 11 factory gates as part of their protest. This ongoing agitation, which entered its eighth day, includes an indefinite hunger strike. Protesters, mainly from displaced families, demand regularisation of their jobs and a clear recruitment policy. BSL management claims 204 of the 950 apprentices are already engaged as contractual workers. ...Less

Finance Minister Nirmala Sitharaman expressed interest in the discussions surrounding stock investment ta ...More

Finance Minister Nirmala Sitharaman expressed interest in the discussions surrounding stock investment taxes and their implications. She mentioned that changes to these taxes are highly anticipated ahead of the Union Budget. Additionally, Sitharaman noted that the Reserve Bank of India is working to manage rupee volatility through specific measures. She emphasized the importance of maintaining strong economic fundamentals during these discussions. ...Less

The Finance Ministry clarified the legislative developments regarding IDBI Bank's government stake in 200 ...More

The Finance Ministry clarified the legislative developments regarding IDBI Bank's government stake in 2003. An amendment to restrict the dilution of the government's ownership was proposed but ultimately rejected during parliamentary discussions. The ministry highlighted that this issue was previously examined by the Delhi High Court. This examination took place in the case of All India IDBI Officers' Association v. Union of India & Others. ...Less

Indian equity markets rallied over 1.5% on Tuesday, with the Sensex rising 1,109 points and the Nifty 50 ...More

Indian equity markets rallied over 1.5% on Tuesday, with the Sensex rising 1,109 points and the Nifty 50 gaining 358 points. IT stocks led the advance, with HCL Tech and TCS topping the gainers’ lists. Kotak Mahindra Bank, Eternal and Maruti Suzuki were among the notable laggards. ...Less

US Secretary of State Marco Rubio will visit India next week to strengthen bilateral relations and discus ...More

US Secretary of State Marco Rubio will visit India next week to strengthen bilateral relations and discuss trade issues. His meetings will take place in Mumbai and Jamnagar, focusing on investment and energy. The two countries have faced considerable delays in finalizing a trade agreement due to several ongoing challenges. ...Less

During a recent briefing, India's Finance Minister Nirmala Sitharaman announced that talks regarding a tr ...More

During a recent briefing, India's Finance Minister Nirmala Sitharaman announced that talks regarding a trade pact with the US are currently stalled. While she sees some room for advancement, she pointed out the complexities involved in making further concessions. The dialogue also encompasses the trade deficit issues with both the US and China. ...Less

Nirmala Sitharaman expressed optimism regarding the speedy conclusion of the India-US trade agreement dur ...More

Nirmala Sitharaman expressed optimism regarding the speedy conclusion of the India-US trade agreement during her recent interaction. She highlighted challenges in trade relations with China due to non-tariff barriers causing problems for Indian exporters. The Finance Minister advocated for promoting rupee-denominated trade settlements to assist nations experiencing hard currency shortages. Sitharaman emphasized the importance of public investment in infrastructure to bolster economic growth despite global disruptions. ...Less

Patna is set to become the first municipality in Bihar to issue municipal bonds, raising Rs 200 crore for ...More

Patna is set to become the first municipality in Bihar to issue municipal bonds, raising Rs 200 crore for urban infrastructure. This move highlights the ongoing need for investment in India's urban infrastructure amid challenges like urban flooding and sanitation. Other cities like Kanpur are also expected to follow with their own bond issues soon. However, many municipalities still struggle with reliable revenue sources needed for debt repayment. ...Less

As India and the US engage in talks for a bilateral trade deal, uncertainties loom over tariff treatments ...More

As India and the US engage in talks for a bilateral trade deal, uncertainties loom over tariff treatments. Finance Minister Nirmala Sitharaman mentioned that the scope for concessions is limited, indicating a plateau. Ajay Srivastava from GTRI cautioned against making unilateral concessions, stressing that additional tariffs might complicate trade relations. An effectively designed interim agreement is crucial for ensuring substantial benefits for India. ...Less

The Indian stock market saw a vibrant uptick as both Sensex and Nifty surged over 1.1%, attributed to the ...More

The Indian stock market saw a vibrant uptick as both Sensex and Nifty surged over 1.1%, attributed to the Federal Reserve's decision to maintain interest rates. Renewed interest from foreign investors was evident, with net purchases of Indian equities totaling approximately Rs 872 crore on Wednesday. Optimism surrounding potential reductions in long-term capital gains tax also fostered positive market sentiment. ...Less

India and the US are currently negotiating a trade agreement aimed at expanding market access and address ...More

India and the US are currently negotiating a trade agreement aimed at expanding market access and addressing trade balance concerns. Finance Minister Nirmala Sitharaman mentioned that both sides appear to have reached a plateau in negotiations. She indicated that further concessions may be challenging following rigorous discussions. Despite this, she believes there could be opportunities for additional negotiations. The US is particularly focused on reducing its trade deficit with India. ...Less

Nifty’s PEG ratio approaches a decade low, suggesting an enticing potential for valuation and earnings gr ...More

Nifty’s PEG ratio approaches a decade low, suggesting an enticing potential for valuation and earnings growth. The substantial drop in the forward P/E ratio has heightened hopes for a market recovery. However, rising bond yields and potential earnings downgrades pose challenges to investor sentiment. Selective opportunities arise across sectors, influenced by enhanced credit growth and evolving demand. ...Less

Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize th ...More

Finance Minister Nirmala Sitharaman mentioned the Reserve Bank of India’s ongoing efforts to stabilize the rupee's value. She noted that the rupee has significantly depreciated due to global uncertainties, despite India's strong economic fundamentals. Sitharaman highlighted recent measures by the RBI that helped the rupee appreciate temporarily in value. She also acknowledged the healthy debate around tax rationalization in the securities market. ...Less

Indian equities rallied on Tuesday, with the Sensex surging over 1,000 points after Finance Minister Nirm ...More

Indian equities rallied on Tuesday, with the Sensex surging over 1,000 points after Finance Minister Nirmala Sitharaman said discussions around long-term capital gains tax (LTCG) and securities transaction tax (STT) were ongoing. IT stocks also supported gains, led by HCL Tech and TCS. However, mixed broader-market trends, elevated crude prices and inflation concerns continued to temper investor sentiment. ...Less

Finance Minister Nirmala Sitharaman met with Jordan's Minister of Planning Zeina Zeid Toukan in Doha. The ...More

Finance Minister Nirmala Sitharaman met with Jordan's Minister of Planning Zeina Zeid Toukan in Doha. The two ministers discussed ways to enhance bilateral cooperation in various sectors, including food security and trade. Sitharaman emphasized the goal of reaching $5 billion in bilateral trade by 2030. Jordan expressed interest in strengthening ties with India, particularly in energy and infrastructure. ...Less

The Indian government is set to enhance GST reporting for imported services through e-invoicing. This exp ...More

The Indian government is set to enhance GST reporting for imported services through e-invoicing. This expansion will affect businesses with an annual turnover exceeding ₹5 crore. Companies will need to modify their documentation processes to comply with the new regulations. Proposed changes aim to reduce mismatches between tax liabilities and input tax credits. The consultation on these changes is expected to begin shortly, with implementation likely in April 2027. ...Less

Indian equities traded nearly flat after a sharp rally in the previous session, with IT stocks extending ...More

Indian equities traded nearly flat after a sharp rally in the previous session, with IT stocks extending gains while pharma shares declined. Analysts flagged elevated US bond yields and crude oil prices as headwinds, even as short-covering and hopes of tax relief supported sentiment. ...Less

Andhra Pradesh Chief Minister N Chandrababu Naidu is planning a two-day visit to Delhi starting Wednesday ...More

Andhra Pradesh Chief Minister N Chandrababu Naidu is planning a two-day visit to Delhi starting Wednesday afternoon. He will meet with Prime Minister Narendra Modi and various Union Ministers to discuss critical state projects. During these meetings, Naidu aims to seek financial assistance for drought relief efforts caused by El Nino. He is also expected to discuss the Visakhapatnam Metro Rail project and river-linking initiatives. ...Less

Shares of Paytm, Pine Labs dropped after NPCI delayed the rollout of merchant discount rate (MDR) fees on ...More

Shares of Paytm, Pine Labs dropped after NPCI delayed the rollout of merchant discount rate (MDR) fees on select UPI transactions beyond Diwali. The rollout, earlier scheduled for October 15, was expected to boost fintech companies’ earnings during the festive season. NPCI said the revised implementation date would be communicated to stakeholders soon. ...Less

"The impact depends on to what extent tariffs are going to be applied. So, it's premature to answer. But ...More

"The impact depends on to what extent tariffs are going to be applied. So, it's premature to answer. But obviously it will have some negative impact," Malhotra said during the post-monetary policy press conference in response to a query on the impact on the economy if the trade deal with the US fails to materialise. However, India has concluded or implemented a series of trade agreements in recent months, which could help diversify its export markets. ...Less

Negotiations between India and the US have encountered significant sticking points affecting market acces ...More

Negotiations between India and the US have encountered significant sticking points affecting market access and agriculture. US Trade Representative Jamieson Greer noted the identification of all key issues during talks. Finance Minister Nirmala Sitharaman mentioned that negotiations have reached a plateau with limited opportunities for further concessions. India is advocating for more preferential access for its exports. Meanwhile, Washington seeks increased access to the Indian market, especially in agricultural sectors. ...Less

The Nifty index surged to close at 22,722, bouncing back with a hefty gain of 434 points from its lowest ...More

The Nifty index surged to close at 22,722, bouncing back with a hefty gain of 434 points from its lowest dip of the day. Positive remarks from Finance Minister Nirmala Sitharaman are likely to bolster investor confidence regarding the long-term capital gains tax. A decline in the India VIX suggests lower market anxiety, while foreign institutional investors recorded net sales, countered by robust domestic institutional purchases. ...Less

Finance minister Nirmala Sitharaman met small-trader representatives on Wednesday, following which the AI ...More

Finance minister Nirmala Sitharaman met small-trader representatives on Wednesday, following which the AICPDF and AIMRA withdrew their proposed ‘No UPI Day’ protest on October 2. ...Less

DBS Bank CEO Tan Su Shan emphasized the strong demand for FCNR(B) deposits as investor confidence in Indi ...More

DBS Bank CEO Tan Su Shan emphasized the strong demand for FCNR(B) deposits as investor confidence in India. She highlighted India's potential for foreign direct investment and its advantageous position in the artificial intelligence sector. Despite foreign net sales affecting the rupee, she remains optimistic about India's economic growth and digital infrastructure. Tan discussed the importance of promoting FDI and exports to stabilize currency levels. ...Less

The Indian rupee ended little changed on Monday, bolstered by central bank interventions during ongoing p ...More

The Indian rupee ended little changed on Monday, bolstered by central bank interventions during ongoing pressures. A firmer dollar was observed, approaching a 17-month high due to a weak euro's impact. Crude oil prices increased to nearly $103 per barrel, posing risks to India's economy. India's Finance Minister Nirmala Sitharaman stated that trade talks with the United States reached a plateau. ...Less

MSCI Inc.’s Asia Pacific equities index advanced 0.2%. A selloff in semiconductor stocks sent the gauge t ...More

MSCI Inc.’s Asia Pacific equities index advanced 0.2%. A selloff in semiconductor stocks sent the gauge to its weakest close since August on Tuesday. Earlier, the S&P 500 pared earlier losses to close little changed after New York Fed President John Williams said he continued to see one more rate hike as appropriate this year but no need for further tightening in 2027. Pressure on tech stocks eased and Microsoft Corp. rose to a record. ...Less

Stock Market Today: On Tuesday, Indian equity benchmarks, Sensex and Nifty, showcased a robust recovery a ...More

Stock Market Today: On Tuesday, Indian equity benchmarks, Sensex and Nifty, showcased a robust recovery after a lower opening. Driving this upward momentum, IT stocks saw notable gains, particularly HCL Tech, which soared more than 5% following its impressive Q2 results. ...Less

DBS Bank CEO Tan Su Shan addressed concerns about capital outflows from India and highlighted strong dema ...More

DBS Bank CEO Tan Su Shan addressed concerns about capital outflows from India and highlighted strong demand for FCNR(B) deposits. She emphasized the need for more foreign direct investment and exports to support the rupee's stability. Tan expressed optimism about India's potential in artificial intelligence due to its software talent and digital infrastructure developments. The importance of improving hardware capabilities alongside software strengths was also noted in her discussion. ...Less

Harsh Vardhan Shringla has defended India’s Russian oil imports, warning that stopping purchases could pu ...More

Harsh Vardhan Shringla has defended India’s Russian oil imports, warning that stopping purchases could push up global energy prices and undermine the country’s energy security. The Rajya Sabha MP also flagged uncertainty over US tariffs, Section 301 investigations and potential duties linked to Russian oil sanctions, as India-US trade talks face an impasse. He also outlined conditions for India-China ties. ...Less

To strengthen compliance and reduce conflicts, reforming the Goods and Services Tax (GST) administration ...More

To strengthen compliance and reduce conflicts, reforming the Goods and Services Tax (GST) administration is essential. The GST Council will introduce initiatives to rectify persistent tax structure issues. India's energy sector remains excluded from GST, affecting economic progress and inflation rates. It's also vital to recognize states' contribution to tax revenue to preserve fiscal independence. Additionally, a portion of GST revenue could support urban municipal bodies in fostering sustainable development. ...Less

Anticipated changes in the Indian cabinet are on the horizon as Union Minister Hardeep Singh Puri plans t ...More

Anticipated changes in the Indian cabinet are on the horizon as Union Minister Hardeep Singh Puri plans to leave the petroleum ministry next month. This development comes after key ministry realignments, particularly Pralhad Joshi’s additional duties in education. With around 40% of ministers managing dual roles, the current cabinet structure appears strained. As the Modi administration approaches its midpoint, these shifts could drastically influence minority representation. ...Less

The SME Growth Fund aims to provide long-term growth capital and address financing gaps for these busines ...More

The SME Growth Fund aims to provide long-term growth capital and address financing gaps for these businesses. By targeting manufacturing and services sectors, the initiative will facilitate expansion and enhance competitiveness. Strategic investments in Tier II and Tier III cities will foster balanced regional development as well. ...Less

Fairfax Financial Holdings will acquire a majority stake of 60.72% in IDBI Bank for ₹52,878 crore. This a ...More

Fairfax Financial Holdings will acquire a majority stake of 60.72% in IDBI Bank for ₹52,878 crore. This acquisition marks a significant moment in the government's divestment efforts, as it represents strategic restructuring. The deal aims to strengthen the banking ecosystem and support the government's disinvestment target for the fiscal year. IDBI Bank's financial position has improved significantly, with reduced non-performing assets. ...Less

NPCI framework, announced on September 15, was scheduled to take effect on October 15. It prescribed a 0. ...More

NPCI framework, announced on September 15, was scheduled to take effect on October 15. It prescribed a 0.4% fee on eligible bank account-funded merchant payments above Rs 2,000, capped at Rs 300 per transaction. ...Less

The Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group ...More

The Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Minister Ashwini Vaishnaw said. The government and Life Insurance Corporation of India will retain a combined 34% stake in the restructured entity. Vaishnaw called it India’s largest financial-sector FDI. ...Less

The 57th meeting of the Goods and Services Tax Council has been rescheduled to October 8, starting at 11 ...More

The 57th meeting of the Goods and Services Tax Council has been rescheduled to October 8, starting at 11 am. The meeting's location is the Summit Room, Bharat Mandapam, in New Delhi. An Office Memorandum cited unavoidable circumstances for the date change without providing further details. Members of the Council have been notified about this alteration, and an apology has been expressed for any inconvenience caused. ...Less

The 57th meeting of the GST Council, to be chaired by Union Finance Minister Nirmala Sitharaman and compr ...More

The 57th meeting of the GST Council, to be chaired by Union Finance Minister Nirmala Sitharaman and comprising state finance ministers, will on October 8 deliberate significant changes to the GST enforcement framework, including removing the arrest powers of GST officers. ...Less

The latest changes proposed by the GST Council will help cut costs and ease cash flow for companies. To c ...More

The latest changes proposed by the GST Council will help cut costs and ease cash flow for companies. To curb cascading tax, ease working capital pressures and reduce disputes, the Council has reduced ITC restrictions on expenses such as health and life insurance and out door catering. It has also allowed refunds of accumulated ITC on input services in specified inverted duty cases for eligible credits from 1 November 2026. ...Less

Finance Minister Nirmala Sitharaman will embark on a pivotal visit to Qatar from September 27 to 29, 2026 ...More

Finance Minister Nirmala Sitharaman will embark on a pivotal visit to Qatar from September 27 to 29, 2026, where she will participate in the 11th Annual Meeting of the AIIB Board of Governors in Doha. This trip includes crucial bilateral discussions with finance ministers from various nations and interactions with Qatari business leaders and investors, further reinforcing India's prominent role as the second largest shareholder in the AIIB. ...Less

The Union Cabinet approved a Rs 10,000 crore SME Growth Fund to support micro, small, and medium enterpri ...More

The Union Cabinet approved a Rs 10,000 crore SME Growth Fund to support micro, small, and medium enterprises. This fund is part of the government's initiative to create champion MSMEs in India. Finance Minister Nirmala Sitharaman outlined various measures to enhance liquidity support and accessibility to risk capital. Additionally, the government allocated Rs 24,566.27 crore to the Ministry of Micro, Small and Medium Enterprises. ...Less

Sensex and Nifty rallied over 1.5% on Tuesday, adding around Rs 5 lakh crore to the market capitalisation ...More

Sensex and Nifty rallied over 1.5% on Tuesday, adding around Rs 5 lakh crore to the market capitalisation of listed companies. Investors will track global cues, Q2 earnings, active stocks, buying and selling trends, and key technical levels on Wednesday as markets assess the sustainability of the sharp rebound. ...Less

At the Kautilya Economic Conclave, Nirmala Sitharaman spoke about fostering international trade policies ...More

At the Kautilya Economic Conclave, Nirmala Sitharaman spoke about fostering international trade policies that are not only open but also predictable. She underlined the critical need for nations to communicate effectively to dissolve geopolitical trade barriers. Highlighting the importance of resilience in the global economy, she introduced the National Critical Minerals Mission, stressing strategic autonomy to reduce single-source dependencies amid ongoing global economic turmoil. ...Less

Union Finance Minister Nirmala Sitharaman on Saturday said India's economic resilience has been built con ...More

Union Finance Minister Nirmala Sitharaman on Saturday said India's economic resilience has been built consciously over the past decade through fiscal prudence, infrastructure creation, banking reforms, last-mile delivery and sustained reforms, while stressing the need for greater strategic autonomy and preparedness to deal with emerging global challenges. ...Less

Union Finance Minister Nirmala Sitharaman stated that the Centre absorbs a significant urea subsidy for f ...More

Union Finance Minister Nirmala Sitharaman stated that the Centre absorbs a significant urea subsidy for farmers. This subsidy currently stands at approximately Rs 2,700 for each bag of urea. Sitharaman emphasised the government's commitment to providing essential farm inputs despite rising global prices. Additionally, her remarks highlighted ongoing efforts to support agricultural investment in Andhra Pradesh. These initiatives aim to ensure that farmers receive necessary resources and maintain economic stability. ...Less

The GST Council recently approved substantial reforms to simplify the indirect tax structure and improve ...More

The GST Council recently approved substantial reforms to simplify the indirect tax structure and improve compliance. These changes include raising prosecution thresholds and decriminalising several offences, signifying a major shift in GST law. Finance Minister Nirmala Sitharaman outlined plans for these reforms to take effect from April 1 next year. Experts believe these measures will enhance business operations and support economic growth. ...Less

India's manufacturing sector must focus on quality and innovation to secure a competitive global position ...More

India's manufacturing sector must focus on quality and innovation to secure a competitive global position. Venu Srinivasan expressed that India's progress must extend beyond cost-effectiveness to achieve international standards. The country faces significant challenges in gaining consumer trust for its products, requiring widespread improvement across all industries. Continuous efforts are necessary as companies evolve amid global competition in quality. ...Less

The International Monetary Fund has raised India's growth forecast to 7% for this year and next. India is ...More

The International Monetary Fund has raised India's growth forecast to 7% for this year and next. India is seen as having strong fundamentals which allow it to manage external pressures effectively. The exchange rate fluctuations are not indicative of economic failure according to IMF officials. Structural reforms and domestic demand contribute to India's resilience in the global economy. However, risks such as geopolitical tensions and fiscal pressures remain present. ...Less

Paytm, Mobikwik and Pine Labs shares fall sharply as reports of a possible delay in UPI MDR implementatio ...More

Paytm, Mobikwik and Pine Labs shares fall sharply as reports of a possible delay in UPI MDR implementation raise concerns over the fintech companies’ expected benefits from the new fee structure. ...Less

Indian stocks rallied impressively, as benchmark indices surged by over 1.5%, fueled by a wave of positiv ...More

Indian stocks rallied impressively, as benchmark indices surged by over 1.5%, fueled by a wave of positive investor sentiment. Key players like Adani Enterprises and Hyundai Motor India are capturing attention due to significant recent updates. While Tata Elxsi experienced a minor dip in net profit, revenue and EBIT improvements were encouraging. Furthermore, Bharat Electronics has secured fresh orders totaling Rs 533 crore, enhancing its order backlog. ...Less

Small businesses selling only to consumers may soon have the option to file GST returns annually. The GST ...More

Small businesses selling only to consumers may soon have the option to file GST returns annually. The GST Council has approved a plan for eligible taxpayers with turnover up to Rs 5 crore. Currently, these businesses file monthly returns under the existing GST structure. The new scheme is expected to ease compliance burdens and allow quarterly tax payments. Changes are set to take effect from April 1, 2027. ...Less

India and the United States are enhancing their defence and strategic partnership under the leadership of ...More

India and the United States are enhancing their defence and strategic partnership under the leadership of Defence Secretary Rajesh Kumar Singh. Admiral Samuel Paparo's visit to India included discussions on regional security challenges and technology cooperation. High-level meetings were held with senior Indian defence officials, including Chief of Defence Staff General N. S. Raja Subramani. The discussions emphasized shared security priorities and maritime coordination in the Indo-Pacific region. ...Less

Amid rising tariffs and geopolitical tensions, trade negotiations between India and the United States hav ...More

Amid rising tariffs and geopolitical tensions, trade negotiations between India and the United States have reached an impasse. The US has voiced concerns over India's ongoing acquisition of Russian oil, which could trigger higher tariffs. India aims to safeguard its vital agricultural sectors during talks while advocating for enhanced export conditions. Future discussions, particularly with Secretary of State Marco Rubio's upcoming visit, may provide an opportunity for resolution. ...Less