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FISCAL AFFAIRS DEPARTMENT
Bharti Airtel's Rahul Vatts named COAI Chairperson for 2026-27Rahul Vatts of Bharti Airtel will lead COAI as Chairperson for 2026-27. Ravi Gandhi of Reliance Jio will be Vice-Chairperson. The announcem...- India's new GDP yardstick: What changed, what did not, and what every investor should now read differentlyIndia changed the base year used to measure its economy from 2011-12 to 2022-23. The first full-year provisional numbers under the new yard...
- RBI MPC Meeting 2026: Sanjay Malhotra & Co hold rates steady at 5.25% as oil shock, weak rupee & West Asia war cloud outlookRBI Monetary Policy Meeting 2026: The Reserve Bank of India maintained the repo rate at 5.25%, balancing inflation risks from rising crude ...
- Govt sets up 6 sector-specific groups to identify products to boost manufacturing, cut importsIndia is boosting domestic manufacturing. Six expert groups will identify 100 products to reduce import dependence. This initiative aims to...
- Oracle to complete 30,000 job cuts by June 15: What's the reason, which team is impacted the most and what Oracle workers could be giving up when they sign severance agreementsOracle layoffs 2026: Oracle is finalizing its largest workforce reduction, with approximately 30,000 employees departing by mid-June. Despi...
- Finance ministry flags inflation risks ahead of RBI policy as fuel prices, monsoon concerns mountIndia faces rising inflation risks. Fuel prices are up, the rupee is weak, and a poor monsoon looms. The Finance Ministry warns of renewed ...
- India faces test of oil, inflation and monsoon risks despite economic resilience, FinMin report showsIndia's economy shows cautious resilience. Domestic strengths support the outlook despite global challenges. Manufacturing and services are...
- IDBI Bank stake sale back on table; Centre explores revival optionsThe bids remain ‘alive’ and the government is examining legal provisions under the tendering framework that allows for bids to be accepted ...
- UN cuts India's 2026 GDP forecast to 6.4 pc, still among fastest-growing economiesThe United Nations has lowered India's economic growth forecast for 2026 to 6.4 percent. This adjustment reflects global uncertainties and ...
- India has 60 days of crude oil, 60 days of Natural Gas & 45 days of LPG rolling stock: CentreIndia is launching a national mission to conserve fuel amid global energy market turmoil. The government assures citizens of robust energy ...
- Fertiliser subsidy bill set to overshoot budget estimate of Rs 1.71 lakh cr amid West Asia crisisIndia's fertiliser subsidy bill for fiscal 2026-27 is set to surpass its budget. Rising costs of imported urea and other fertilisers are dr...
- Parliamentary Panels flag ministries’ budget gaps: Funds cut at RE stage, still unspentParliamentary committees have flagged a consistent trend of central ministries failing to spend allocated budgets, leading to significant f...
- Govt reviews divestment plans, IDBI Bank stake saleGovt officials are reviewing the IDBI Bank disinvestment strategy. This comes after weak investor interest and market volatility impacted t...
- DEA notice awaited on easing FDI rules for foreign cos with up to 10% in China firmsFDI rules for overseas companies with up to 10% Chinese shareholding are set to be notified soon, as the Department of Economic Affairs is ...
- FDI easing for foreign cos with up to 10 pc Chinese stake to be notified soon under FEMAIndia is on the verge of a significant policy alteration, planning to loosen foreign investment regulations for firms that include Chinese ...
- 'Disaster resilience must be built into infra projects,' says Economic affairs secretary Anuradha ThakurAnuradha Thakur, Economic Affairs Secretary, emphasized integrating disaster resilience into infrastructure planning and funding. She state...
- India's direct benefit transfer scheme is a logistical marvel: IMF Paola MauroIndia's case is "quite impressive" given the "sheer size" of the country, said Paolo Mauro, deputy director of the fiscal affairs departmen...
- India undergoing 'exciting digital transformation, says IMFVitor Gaspar, Director of the International Monetary Fund's Fiscal Affairs Department, the IMF will put out book titled 'Digital Revolution...
- IMF not endorsing UBI in India: OfficialThe IMF's observation was based on the results of a microsimulation analysis of a policy reform that replaces food and fuel subsidies in In...
- Consumer Affairs Department spends 51% of allotment for 2013-14Consumer Affairs Department has already spent 51 per cent of Rs 240 crore allocated for 2013-14, a top official said.
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