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INDIA BALANCE OF PAYMENTS
Wife paid Rs 58 lakh from Indian bank a/c, husband paid Rs 80 lakh from UAE bank a/c for property purchase; she gets tax notice for unexplained investment, wins case in ITAT Mumbai for this reasonTo purchase property in India, wife paid Rs 58 lakh from her bank a/c and husband paid Rs 80 lakh via his UAE bank a/c using Dubai exchange...24 Jul, 2026, 12.46 PM IST- India reiterates WTO-consistent trade policy, calls for development-oriented reformsIndia concluded its eighth Trade Policy Review at the WTO. Members broadly appreciated India's constructive engagement and economic resilie...24 Jul, 2026, 09.35 AM IST
- Paytm attracts more Gen Z users as its UPI payments growth outpaces industryPaytm's app enhancements and AI features are attracting new Gen Z customers. The company's UPI payments business grew over double the indus...23 Jul, 2026, 04.31 PM IST
- Can a shop charge you extra for paying by credit card? Here's what every card user should knowCan merchants legally charge customers extra for credit card payments? The Reserve Bank of India regulates these payment systems and card a...23 Jul, 2026, 03.02 PM IST
- Sona Comstar to form 2 JVs with Japanese Denso Corp for electric, hybrid powertrain systemsSona Comstar and DENSO Corporation are forming two joint ventures for electric and hybrid powertrain systems. These partnerships will focus...22 Jul, 2026, 09.34 PM IST
- Rupee languishes at two-month lows as supply worries raise oil pricesThe Indian rupee hit a two-month low on Wednesday amid rising oil prices spurred by worries over Middle Eastern supply disruptions. In an e...22 Jul, 2026, 03.37 PM IST
- RBI likely used dollar deposit surge to cut record FX forward book, economists sayReserve Bank of India likely used deposit inflows to reduce its forward book. This action helped the central bank manage its near-term doll...22 Jul, 2026, 02.04 PM IST
- FCNR(B): Data show banks have raised $20.7 bn under scheme; $10 bn more may flow inThe optimism follows RBI's disclosure that banks have collectively garnered $20.7 billion under its special incentive window, a pace that h...22 Jul, 2026, 12.36 AM IST
- Diaspora dollars are coming, but India needs export resilience, not quick fixesThe Reserve Bank of India's special deposit scheme is successfully attracting significant foreign currency from overseas Indians. Banks hav...21 Jul, 2026, 11.14 PM IST
- India bonds fall as Middle East escalation drives oil above $90On Tuesday, Indian government bonds experienced a downturn, attributed to escalating crude oil prices. The pressure was further compounded ...21 Jul, 2026, 06.04 PM IST
- Foreign banks account for lion's share of FCNR(B) inflows under RBI's concessional swap facilityForeign banks have facilitated most FCNR(B) deposits under the RBI's swap facility. This concessional swap facility has attracted over twen...21 Jul, 2026, 05.59 PM IST
- Rupee firms as oil retreats, traders gauge flow momentum under RBI measuresThe Indian rupee strengthened on Tuesday, benefiting from falling oil prices. Optimism over potential mediation in the U.S.-Iran conflict a...21 Jul, 2026, 12.22 PM IST
- Indian banks mobilise $20.7 billion under RBI's special incentive windowIn a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a ...21 Jul, 2026, 12.51 AM IST
- Trade, NBFC credit to remain fastest-growing lending segments: ReportTrade and NBFC credit are expected to remain among the fastest-growing segments of India's banking system, supported by rising formalisatio...19 Jul, 2026, 10.22 AM IST
- UPI MDR could raise business costs, hurt consumption if introduced: ExpertsExperts suggest focusing on who bears UPI merchant discount rate costs. Introducing this fee could increase business operating expenses and...18 Jul, 2026, 01.13 PM IST
- India's current account slips into $2 billion deficit in May as trade gap widensIndia's financial landscape shifted in May, marked by a current account deficit alongside a narrower capital account deficit. The total bal...15 Jul, 2026, 10.11 PM IST
- India posts $2 billion current account deficit in May as trade gap widensIndia experienced a significant current account deficit of $2 billion in May 2026, primarily driven by a surge in merchandise imports that ...15 Jul, 2026, 07.59 PM IST
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