Category: Finance
‘Unequal growth post the globalisation boom of the 1990s and 2000s led to the current inward looking trade policies’
Scott Wang, Vice President, Asia Pacific, for the World Trade Centers Association. Photo: Special Arrangement The increasingly inward looking attitude of countries around the world[more...]
US-India tariff row: USIBC says it’s time to redouble efforts, not pull apart
Image used for representation | Photo Credit: Reuters Amid the ongoing row over the tariffs and penalties imposed by the Trump administration on India, citing[more...]
Trump raises U.S. tariffs on Indian imports to 50%
Prime Minister Narendra Modi and U.S. President Donald Trump at a joint press conference in Washington. File | Photo Credit: PTI Trump doubles tariff on[more...]
Rupee rises 15 paise to 87.73 against U.S. dollar in early trade
The domestic equity market, the 30-share BSE Sensex rose 113.41 points to 80,823.66 in early trade, while Nifty was up 19.20 points to 24,668.75. File[more...]
India was fortunate to have a steady growth in this transformative period, says Ashwini Vaishnaw
Union Minister Ashwini Vaishnaw | Photo Credit: ANI Geopolitics, geoeconomics and geotechnology are all changing the world order and hugely impacting businesses and economies globally,[more...]
Services growth hits 11-month high in July on stronger exports, PMI shows
The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, inched up to 60.5 in July from 60.4 in June. (Image used for[more...]
India’s logistics cost will be down to less than 10% by December: Gadkari
Union Minister Nitin Gadkari addressing at a programme in Mangalagiri on August 2, 2025. | Photo Credit: Special arrangement Union Minister of Road Transport &[more...]
Pecking order for equity – The Hindu
Managing wealth becomes relatively easy if you design a process to choose equity investments. Here, we discuss a pecking order for choosing equity investments based[more...]
Another slip up by India in the trade pact with the U.K.
The India-United Kingdom Comprehensive Economic and Trade Agreement (CETA) raises several questions regarding India’s commitments in the CETA’s intellectual property chapter (Chapter 13). A problematic[more...]
U.S. penalty risk on Russian oil may add $9-11 billion to India’s import bill, analyst say
India's annual oil import bill could rise by $9-11 billion if the country is compelled to move away from Russian crude in response to U.S.[more...]
India will continue to buy Russian oil, government sources tell NYT
Representational image of a n Indian Oil fuel station in Sonipat. | Photo Credit: Reuters India will keep purchasing oil from Russia despite U.S. President[more...]
GST collections July 2025 rise 7.5% to ₹1.96 lakh crore, says Centre
Image for representational purposes only. | Photo Credit: Getty Images The Central government’s gross revenue from the Goods and Services Tax (GST) grew to ₹1.96[more...]
Indian fuel exports escape Trump’s tariff net, no Russian penalty yet
India's exports of petroleum products such as diesel and jet fuel to the U.S. continue to be exempted from the levy of any import duty[more...]
WATCH | Trump’s tariffs on India — analysing the economic and strategic impact
U.S. President Donald Trump has announced a 25% tariff on Indian imports, along with an additional “penalty” targeting India’s defence and energy trade with Russia[more...]
RBI unlikely to re-introduce fixed-rate liquidity operations
Image for representation only | Photo Credit: Getty Images The Reserve Bank of India is unlikely to re-introduce the policy of lending money daily to[more...]
Trump slams India and Russia as dead economies in fresh attack on Truth Social
File picture of U.S. President Donald Trump | Photo Credit: Reuters A day after announcing 25% tariff rate on India in addition to an unspecified[more...]
Trump slaps 25% tariff on imports from India, ‘plus a penalty’; will secure national interest, says Commerce Ministry
Putting an end to months of speculation, U.S. President Donald Trump on Wednesday (July 30, 2025) announced that imports from India will attract 25% tariffs[more...]
India–US trade deal: Trump wants call with PM Modi before final approval
File picture of U.S. President Donald Trump and Prime Minister Narendra Modi at the White House in Washington, D.C., U.S., on February 13, 2025 |[more...]
Interrupted growth: On economic activity, climate-related events
The Index of Industrial Production (IIP), the nation’s monthly barometer of goods output, revealed a 10-month low growth rate in June, at 1.5%, largely due[more...]
Individual & HUF taxpayers beneficiaries of the majority of government tax deductions and exemptions
Exemptions and deductions availed by corporate taxpayers resulted in ₹94,910 crore worth of revenue being foregone in 2019, which increased to ₹99,000 crore by 2023-24,[more...]
India’s industrial output growth slows to 1.5% in June, hitting 10-month low
The manufacturing sector grew at a 5-month high of 3.9% in June 2025, up from 3.2% in May and 3.5% in June of last year.[more...]
Personal loan: avoid 5 mistakes
Personal loan is often the preferred credit option for those seeking quick credit access with minimal documentation and no collateral. However, this ease of access[more...]
RBI monetary panel member sees no challenges in Indian economy growing over 6.5% in FY26
The Indian economy is growing at a robust pace and will not face any challenge in achieving a growth rate upwards of 6.5% in the[more...]
What does the new U.K.-India trade deal entail? | Explained
The story so far:India and the U.K. signed a Comprehensive Economic and Trade Agreement (CETA) on Thursday, after having announced the conclusion of negotiations on[more...]
Parliamentary panel retains Income Tax Bill provisions allowing tax officials to forcibly access social media, private email
The Parliamentary Select Committee appointed to review the new Income Tax Bill 2025 proposed by the government has retained the provisions in the new Bill[more...]
PM Internship Scheme: 6% of recipients of offers have joined work so far
Photo: pminternship.mca.gov.in A little more than 50,000 candidates have so far accepted the 1.53 lakh offers made by companies under the Prime Minister Internship Scheme[more...]
RBI Governor Says Rate Cuts Will Be Based on Inflation and Growth Outlook, Not Current CPI Data
With data showing a steep decline in price rise in June, Reserve Bank Governor Sanjay Malhotra on Friday (July 25, 2025) said that the outlook[more...]
India-UK FTA to stimulate innovation, ease market access, foster investment, says Sunil Bharti Mittal
Prime Minister Narendra Modi shakes hands with his British counterpart Keir Starmer after Britain’s Secretary of State for Business and Trade, Jonathan Reynolds and Union[more...]
Trump tariffs: US–Japan deal finalized; Indonesia holds lessons and warnings for India
File picture of U.S. President Donald Trump | Photo Credit: Reuters The announcements by U.S. President Donald Trump and the White House regarding trade deals[more...]
Sensex jumps nearly 540 points on buying in bluechip banks, oil shares
Benchmark Sensex jumped nearly 540 points while Nifty closed above the 25,200 level on Wednesday (July 23, 2025) on heavy buying in banking giants and[more...]
Net FDI in May 2025 down 98% to $35 mn on lower gross inflows & higher repatriation
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Net foreign direct investment (FDI) inflows stood at $35 million in May 2025, 98% lower[more...]
Stock markets close flat; Eternal jumps nearly 11%
Foreign Institutional Investors offloaded equities worth ₹1,681.23 crore on July 21, 2025, while Domestic Institutional Investors bought stocks worth ₹3,578.43 crore, according to exchange data. [more...]
Corporate tax revenue foregone at ₹99,000 crore in FY24: MoS Finance
Union MoS for Finance and BJP MP Pankaj Chaudhary speaks in Lok Sabha during the Monsoon Session of Parliament, in New Delhi | Photo Credit:[more...]
Rupee falls 14 paise to close at 86.30 against U.S. dollar
Foreign institutional investors purchased equities worth ₹374.74 crore on a net basis on July 18, 2025, according to exchange data. File | Photo Credit: Reuters The[more...]
Index of eight core industries grows at three-month high of 1.7% in June
The coal sector saw the largest contraction while the steel and cement sectors saw the strongest growth. | Photo Credit: Getty Images/iStockphoto The Index of[more...]
A note on multi-asset funds
The number of asset management companies (AMC) have increased over the years. This makes it difficult for product differentiation in the equity space, as funds[more...]
India’s electronics exports jump 47% in Q1; U.S., UAE, China top destinations
Image used for representative purpose only. | Photo Credit: Mohammed Yousuf The U.S., UAE, and China have emerged as the top three export destinations for[more...]
Pakistan records annual current account surplus of $2.1bn: Official data
Pakistan’s Prime Minister Shehbaz Sharif. File | Photo Credit: Reuters Pakistan recorded a current account surplus of $2.1 billion during the current fiscal year ending[more...]
India-EFTA trade pact to be implemented from October 1: Piyush Goyal
The Free Trade Agreement between India and the four-nation European bloc EFTA will be implemented from October 1, Commerce and Industry Minister Piyush Goyal said[more...]
Some rules to open the gates of financial freedom
A luxury flat, SUV, holiday tour abroad and at least ₹1 crore in bank balance are everyone’s dream. However, only a few realise such kind[more...]
Household assets, liabilities – The Hindu
A logo of Reserve Bank of India at the RBI headquarters in Mumbai. File | Photo Credit: The HIndu The Reserve Bank of India (RBI)[more...]
Economy to grow at 6.5% in FY26 despite global tensions, trade uncertainties, says EAC-PM chairman Mahendra Dev
The Indian economy is expected to grow at 6.5% in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to[more...]
Parliamentary panel clears Income Tax Bill 2025 with 285 suggestions, to be tabled in Monsoon Session
The committee, headed by senior BJP MP Baijayant Panda, is likely to submit the report in the upcoming Monsoon Session of Parliament. File | Photo[more...]
Services exports cut India’s trade deficit by 9.4% in Q1
India’s overall trade deficit contracted 9.4% in the first quarter of this financial year to $20.3 billion on the back of a nearly 11% growth[more...]
Riding on a services export boom, India’s trade deficit narrows by 9.4% in Q1
India’s overall trade deficit contracted 9.4% in the first quarter of this financial year to $20.3 billion on the back of a nearly 11% growth[more...]
Why is corporate investment lagging behind?
India is going through a rocky terrain as far as industrial production and corporate investment are concerned. On June 30, the Ministry of Statistics and[more...]
India’s wholesale price inflation dips to -0.13% in June
As per WPI data, food articles saw a deflation of 3.75% in June, as against a deflation of 1.56% in May, with vegetables seeing a[more...]
Experience vs. passion assets – The Hindu
Investment is what you do with your savings. Spending is what you do to maintain current lifestyle. Then, there is discretionary spending, including spending on[more...]
What is the state of inequality in India?
The story so far: A recent report by the World Bank has generated significant debate with regard to the true picture of inequality in the[more...]
India’s poor have bank accounts but are increasingly going to money lenders for loans, data shows
File picture used for representation only. | Photo Credit: The Hindu While the financial inclusion programme of the Union government has meant that around 96%[more...]
Sensex, Nifty tumble nearly 1% on selling in IT, auto stocks
Equity benchmark indices Sensex and Nifty declined for the third session in a row on Friday (July 11, 2025), dropping nearly 1%, dragged by heavy[more...]
Government net direct tax collections up to July 10 down 1.3% on higher refunds
This image is used for representational purpose only. | Photo Credit: Getty Images/iStockphoto The Central Government’s net direct tax collections up to July 10, 2025,[more...]
How can cat bonds plan for a natural disaster? | Explained
For representative purposes. | Photo Credit: Getty Images The story so far: While life insurance is a ubiquitous term in India, disaster risk insurance is[more...]
Stock markets close lower amid caution ahead of Q1 earnings; IT, oil shares drag
Stock markets closed lower on Wednesday (July 9, 2025) due to selling in IT and oil & gas shares as investors turned cautious ahead of[more...]
Women MSMEs still struggle for credit despite schemes
Micro, Small and Medium Enterprises (MSMEs) have become instrumental in shaping India’s generating employment, creating revenue, and in global outreach. In 2024, MSMEs contributed nearly[more...]
Sensex advances 270 points on fag-end buying in banking stocks, gains in Asian peers
Benchmark BSE Sensex closed higher by 270 points on Tuesday (July 8, 2025), helped by late-day buying in banking and select IT shares as well[more...]
Rupee plunges 47 paise to close at 85.87 against U.S. dollar
Foreign institutional investors offloaded equities worth ₹760.11 crore on a net basis on (July 4, 2025, according to exchange data. File | Photo Credit: Reuters The[more...]
Trump slaps 25% tariffs on Japan, South Korea
U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., on April 2, 2025. |[more...]
FPIs invest ₹14,590 crore in June; early July sees withdrawal
Representative image | Photo Credit: Getty Images/iStockphoto Foreign investors put in ₹14,590 crore in the country's equity market in June, marking the third straight month[more...]
No country with 28% poverty can claim to be ‘fourth most equal in the world’: Congress
Representative image | Photo Credit: Getty Images/istockphoto No country that has a poverty rate of 28.1%, as India did in 2022 according to the World[more...]
Cooperative societies: Key to equitable development
Cooperative societies have a long history spanning more than a century in India. The concept of collaboration and cooperative activity was widespread throughout our nation[more...]
India’s forex reserves rise $4.84 billion to $702.78 billion
Representational file image. | Photo Credit: Reuters India's forex reserves were up by $4.84 billion to $702.78 billion for the week ended June 27, the[more...]
Rephasing global development finance – The Hindu
India’s development cooperation with the Global South has been showing a rising trend for the last several years. India has made consistent efforts to expand[more...]
PMI shows Indian services sector growth at 10-month high in June on sharp rise in new business
Wooden cubes with the letters PMI arranged in a vertical pyramid on banknotes, green plant in a flower pot on the background. PMI - short[more...]
Are gig workers a part of India’s labour data?
Online food delivery workers at Namakkal in Tamil Nadu on July 1. | Photo Credit: SPECIAL ARRANGEMENT The 2025 Union Budget took several measures to[more...]
GST revenue up 6.2% to ₹1.85 lakh crore in June 2025, slowest growth in 4 years
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto India’s gross Goods and Services Tax (GST) collections stood at a four-month low of ₹1.85[more...]
India-U.S. trade pact: Talks enter sixth day, India pushes for duty cuts for labour-intensive sectors
Hectic negotiations between India and the U.S. enter the sixth day on Tuesday (July 1, 2025) in Washington, with the talks reaching a crucial stage[more...]
Multilateral bank lending must ensure funds are used for intended purposes: FM Sitharaman
“India’s progress across all action areas of the Compromiso de Sevilla demonstrates that developing countries can be both beneficiaries and drivers of global development finance,”[more...]
Indian economy remains key driver of global growth: RBI report
According to the report, the soundness and resilience of scheduled commercial banks are bolstered by robust capital buffers, multi-decadal low non-performing loans ratio and strong[more...]
IIP growth slips to 9-month low of 1.2% on broad-based slowdown
India’s industrial production growth slowed to a nine-month low of 1.2% in May 2025 due to poor performance of manufacturing, mining and power sectors caused[more...]
Cheap data, banking access & digital ID helped UPI transform India’s payments landscape: IMF
UPI has transformed the digital payments landscape in India, the IMF paper said. Photo: X/@UPI_NPCI A new paper published by the International Monetary Fund has[more...]
Finance Ministry asks public sector banks to monetise investments in subsidiaries via listing on bourses
The Finance Ministry has asked public sector banks (PSBs) to look at monetising their investment in subsidiaries by listing them at bourses after further scaling[more...]
New draft of U.S. law cuts remittance tax to 1%, exempts bank and card transfers
The 3.5% tax proposal itself was a reduction brought into the Act in May from the original proposal of 5%. Image for representation. | Photo[more...]
Too soon to sound the ‘all clear’ on the risk of rising oil prices: Finance Ministry report
The Department of Economic Affairs report said that the Indian economy may experience “nervous but exciting times” in the days ahead. Image for representation. |[more...]
Trump says ‘very big’ trade deal coming up with India
U.S. President Donald Trump said America is going to have a “very big” trade deal with India, hinting at significant progress in the negotiation process[more...]
India trying for U.S. trade deal by July 8 deadline
“We’re having some great deals. We have one coming up, maybe with India, a very big one, where we’re going to open up India,” U.S.[more...]
India’s economic activities resilient amidst global uncertainties: RBI Bulletin
File photo of The Reserve Bank of India (RBI) logo. | Photo Credit: Reuters Amid global uncertainties, various high-frequency indicators point towards resilient economic activity[more...]
India FDI inflows rise to $8.8 billion in April 2025 as repatriations drop
Image used for representative purpose only. | Photo Credit: V. Sudershan Foreign direct investment into India began financial year 2025-26 on a relatively strong footing,[more...]
GST Council set to discuss reducing items in 12% slab
The agenda for the Goods and Services Tax (GST) Council at its next meeting will include deliberations on minimising the 12% tax slab and also[more...]
NSE’s new futures to hedge power price fluctuation loss
Power generators will hedge revenue, distribution companies hedge costs and traders bring liquidity according to NSE’s factsheet on the product. | Photo Credit: pixelfusion3d National[more...]
Doling it out in drops: are the States being squeezed out of funds by the Centre?
Is the Centre financially squeezing the States? The question arises as the Union government has been increasingly sharing less revenue with the States at a[more...]
SEBI proposes revamp of MIIs to boost governance
The markets watchdog proposed MIIs, like stock exchanges or clearing corporations, appoint two executive directors reporting to the Managing Director. | Photo Credit: HEMANSHI KAMANI[more...]
Oman plans to impose personal income tax from 2028, first among Gulf States
Representative image | Photo Credit: Getty Images/iStockphoto Oman plans to levy personal income tax as part of a broader push to move the sultanate's economy[more...]
Economic activity expanded at the fastest pace in 14 months in June: PMI survey
India’s manufacturing and services index hits a 14-month high in June, driven by strong export demand, employment growth, and low inflation. File | Photo Credit:[more...]
Expansionary policies in a slowing economy
For representative purposes. | Photo Credit: Getty Images The Reserve Bank of India (RBI) has cut key lending rates in two successive meetings, indicating a[more...]
Mcap of 6 of top-10 most valued firms jumps ₹1.62 lakh crore; Airtel, Reliance biggest gainers
Bombay Stock Exchange (BSE). | Photo Credit: Reuters The combined market valuation of six of the top-10 most-valued firms jumped ₹1,62,288.06 crore last week, with[more...]
Core sectors grow at nine-month low of 0.7% in May, dragged by oil, gas, fertilisers & electricity
The cement sector, too, witnessed robust growth of 9.2% in May 2025, although this was on a low base as the sector had contracted 0.6%[more...]
Net Direct Tax collection dips 1.39% to ₹4.59 lakh crore in April-June
Advance tax collection during April 1-June 19, 2025 grew a meagre 3.87% to ₹1.56 lakh crore. File | Photo Credit: Special arrangement Net direct tax[more...]
India’s forex reserves rise $2.29 billion to $698.95 billion
Forex reserves had touched an all-time high of $704.885 billion in end-September 2024. | Photo Credit: Reuters India's forex reserves rose $2.294 billion to $698.95[more...]
I-T Dept’s data analysis has nudged taxpayers to declare ₹30,298 crore of foreign assets, income
A total of 24,678 taxpayers reviewed their ITRs and 5,483 taxpayers filed their belated return for the A.Y.2024-25. File. | Photo Credit: S. Siva Saravanan[more...]
India seeking trade deals with rich, democratic countries: Goyal
Union Minister Piyush Goyal speaks during an interaction with Sir Ian Blatchford, Director & Chief Executive of the Science Museum Group, at the Future Frontiers[more...]
‘SEBI relaxing merchant banking norms may boost their profitability’
The amendments are a welcome move as they enhance investor protection and ensure that only credible and ‘well governed’ entities are allowed to act as[more...]
Why oil prices are increasing amidst Iran-Israel tensions | Explained
Image for representational purposes only. | Photo Credit: File Photo The story so far: Escalating tensions between West Asian nations Iran and Israel since last[more...]
Stock markets close higher on firm global trends, foreign fund inflows
Foreign Institutional Investors bought equities worth ₹2,301.87 crore on June 10, 2025, according to exchange data. | Photo Credit: AP Benchmark Sensex closed higher by[more...]
SEBI bans IIFL Securities’ Director Sanjiv Bhasin for front running
SEBI directed that the noticees be banned from trading in securities and associating with depositories, and to disgorge ₹11.37 crore jointly in addition to a[more...]
Rupee rises 6 paise to settle at 85.51 against U.S. dollar
Indian money background. Cash. One hundred and five hundred Indian banknotes Seamless pattern. Design for a poster, business project, textiles, wallpaper. | Photo Credit: rvimages[more...]
Centre to wield quality control ‘stick’ to drive exports
The Indian government is not keen on providing further subsidies to export-oriented sectors of the economy, according to a senior government official. Instead, the government is[more...]
Wholesale price inflation dips to 0.39% in May
A view of the wholesale vegetables market at Vashi, in Navi Mumbai. The wholesale inflation declined to 0.39% in May. | Photo Credit: PTI Wholesale[more...]
Why have special economic zones rules been relaxed? | Explained
Assam Chief Minister Himanta Biswa Sarma inspects the progress of the semiconductor project, at Jagiroad in Morigaon, Assam on February 1. | Photo Credit: ANI[more...]
India’s goods, services exports may cross $900 billion this year: Piyush Goyal
India’s Minister of Commerce and Industry, Consumer Affairs and Food, and Public Distribution and Textiles, Piyush Goyal speaks at the Swissmem Industry Day in Bern,[more...]
India slips to 131st position in Global Gender Gap Index 2025
India ranks 131 in the Global Gender Gap Index 2025 released by the World Economic Forum. File | Photo Credit: Reuters India has ranked 131[more...]
RBI allows BCs to update KYC information
Reserve Bank of India (RBI) eased the Know Your Customer (KYC) norms for convenience of the customer according to a circular released June 12.Banks shall[more...]
Midday trend: Indian stocks open low following Israel attack on Iran and recovers gradually inline with global bourses
Foreign Institutional Investors offloaded equities worth ₹3,831.42 crore on June 12, 2025, according to exchange data. File | Photo Credit: PTI Nifty opened 1.6% lower at[more...]
Rupee plummets 56 paise to 86.08 against U.S. dollar in early trade
The 30-share BSE Sensex tanked 1,337.39 points to 80,354.59 in early trade on Friday (June 13, 2025), while the Nifty tumbled 415.2 points to 24,473. File[more...]
Moody’s downgrade and U.S. fiscal reality
Amid the chaos set in by churning events and spurring global uncertainty, there is an interesting financial trend that mainstream analysts are perhaps missing. It[more...]
Indian stocks down 1% as U.S. says Israel may attack Iran
Indian stocks dipped 1% on Thursday (June 12, 2025) after United States withdrew diplomats from the West Asian nations saying that Iran was “not safe” and[more...]
India-EU FTA will elevate strategic partnership: Jaishankar
External Affairs Minister S. Jaishankar is with European Commissioner for Trade and Economic Security Maros Sefcovic during a meeting in Brussels on June 11, 2025.[more...]
Trump says trade deal with China is done; China will supply rare earths, U.S. to allow students
U.S. President Donald Trump said the trade deal is subject to final approval by him and Chinese President Xi Jinping. File | Photo Credit: Reuters[more...]
RBI slashes interest rates, but who will borrow?
The Reserve Bank of India is rolling out aggressive monetary easing to revive consumption and investment in the economy, but the payoff hinges on whether[more...]
Inflow into equity MFs hits 13-month low at ₹19,000 crore in May
Inflow in equity mutual funds slumped to its lowest level in 13 months to ₹19,013 crore in May, with large-cap, mid-cap and small-cap funds experiencing[more...]
Key sectors in market may be overvalued: Kotak Institutional Equities
The conversation on valuation of stocks based on narratives becomes important in the context of increased retail investor participation in the market. | Photo Credit:[more...]
China’s exports climb 4.8% in May as shipments to U.S. fall nearly 10%
Trucks loaded with container move through a container terminal port in Shanghai, China. File | Photo Credit: AP China's exports rose 4.8% in May from[more...]
Maharashtra, Karnataka account for 51% of FDI in India in FY25: Government
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Maharashtra and Karnataka accounted for 51% of the foreign direct investment (FDI) inflows into the[more...]
GST returns to become time-barred from July tax period
Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto GST Network on Saturday (June 7, 2025) said beginning the July tax period, GST[more...]
What is India’s latest approach to localising EV manufacturing?
Image for representation only | Photo Credit: The Hindu The story so farMore than a year since it was announced, the Ministry of Heavy Industries[more...]
Extreme poverty in India down to 5.3% in 2022-23: World Bank
“India has lifted 171 million people from extreme poverty in the decade between 2011-12 and 2022-23,” the World Bank said. File | Photo Credit: Getty Images/istockphoto[more...]
Indices rise 1% as RBI slashes repo rate by 50 basis points
Benchmark indices rose nearly 1% on Friday following the Reserve Bank of India (RBI)‘s repo rate cut of 50 basis points. Markets opened lower and hit[more...]
RBI to raise gold lending LTV to 85% for loans under ₹2.5 lakh: Malhotra
Photo used for representation purpose only | Photo Credit: Getty Images/iStockphoto The Reserve Bank is all set to raise the loan-to-value (LTV) ratio for lending[more...]
Should India amend its nuclear energy laws?
Discussions are ongoing in India to amend the nuclear liability framework, regulated by the Civil Liability for Nuclear Damages Act (CLNDA), 2010, and the Atomic[more...]
Strong export orders drive May services PMI to three-month high of 58.8
Representational file image. | Photo Credit: V. Raju India’s services sector activity rose marginally to a three-month high in May 2025, driven by strong exports,[more...]
Rupee falls 29 paise to close at 85.90 against U.S. dollar
Foreign institutional investors sold equities worth ₹2,853.83 crore on a net basis on June 3, 2025, according to exchange data. File | Photo Credit: Reuters The[more...]
RBI’s monetary policy panel starts deliberations; decision on June 6
The Reserve Bank's rate-setting panel started its three-day brainstorming on monetary policy as expectations are high of a 25 Basis Points (bps) or even a[more...]
Sensex tanks 762 points in early trade, Nifty drops to 24,538 level on weak Asian market trends
“On the domestic front, the tailwinds are getting stronger with the latest Q4 GDP growth data coming at 7.4%, which is much better-than-expected,” | Photo[more...]
Rupee declines 10 paise to 85.49 against U.S. dollar in early trade
Indian rupee weakens against the dollar amid volatile equity markets and RBI policy deliberations, while GDP growth exceeds expectations. File | Photo Credit: Reuters The[more...]
India-Pakistan conflict, inflation drag May PMI to three-month low of 57.6
On the price front, in addition to greater material costs, manufacturers also reported greater outlays on freight and labour. File | Photo Credit: Reuters The[more...]
₹2,000 notes worth ₹6,181 crore still in circulation: RBI
Image for representational purpose only. File | Photo Credit: R. Ragu The high-value ₹2,000 notes worth ₹6,181 crore are still in circulation after two years[more...]
Gross GST collections rise 16.4% to over ₹2.01 lakh crore in May
The image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto Gross Goods and Services Tax (GST) collections rose 16.4% to over ₹2.01[more...]
Net financial savings may touch ₹22 lakh crore in FY25: SBI research report
The report said the growing capital pool is crucial for funding government and corporate deficits and supporting macroeconomic stability. File | Photo Credit: Reuters State[more...]
Finance Ministry recommendations on gold loan norms ‘progressive step’: Muthoot Finance MD
Image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The recommendations made by the Department of Financial Services, under the Union Finance[more...]
Additional instalment of tax devolution to be released to States on June 2: Finance Ministry
Representational image | Photo Credit: Getty Images/iStockphoto The government on Friday (May 30, 2025) approved an additional instalment of ₹81,735 crore as tax devolution to[more...]
GDP growth in India slows to 6.5% in 2024-25, slowest since the pandemic
The manufacturing sector’s growth stood at 4.8% in Q4 of FY25, the second fastest quarterly growth in the year, on a high base of 11.3%[more...]
India poised to remain fastest growing major economy in FY26: RBI
The Reserve Bank of India seal on a gate outside the RBI headquarters in Mumbai. File | Photo Credit: Reuters The country is poised to[more...]
e-Rupee in circulation grows to ₹1,016 crore; RBI explores cross-border CBDC pilots
“The RBI is exploring the commencement of CBDC pilots on cross-border payments,” it said in the annual report. File | Photo Credit: Reuters “The value[more...]
Examining the RBI’s remittances survey
Remittances have long played a quiet but crucial role in India’s external sector balance, but in terms of policy attention, they have often been overshadowed[more...]
IIP growth slows to an 8-month low of 2.7% in April
Image used for representative purpose only. | Photo Credit: Reuters Growth in industrial activity in the country slowed to an eight-month low of 2.7% in[more...]
Export boost: Government restores RoDTEP scheme, allows leather exports from all ports
Representational image of a manufacturing unit of a footwear company near Coimbatore, Tamil Nadu | Photo Credit: M. Periasamy The Ministry of Commerce and Industry[more...]
Govt extends income tax returns filing deadline to September 15, 2025 from July 31
CBDT has extended the deadline for filing income tax returns. File The Central Board of Direct Taxes (CBDT) has extended the deadline for filing income[more...]
TCS splits AI.Cloud business unit for higher growth
The company is hiring specialist AI talent from the market who are proficient and also focusing on training the existing talent within the organisation by[more...]
Rupee snaps 3-day losing streak, gains 70 paise to settle at 85.25 /USD
The rupee snapped its three-day losing streak and settled for the day higher by 70 paise at 85.25 (provisional) against the U.S. dollar. File |[more...]
Markets rebound nearly 1%; Sensex surges over 760 points as FMCG, power shares gain
Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,045.36 crore on May 22, 2025, according to exchange data. | Photo Credit: PTI Benchmark indices Sensex and[more...]
How will land ports closure impact the region? | Explained
Representative image | Photo Credit: The Hindu The story so far: On May 17, the Directorate General of Foreign Trade shut down all land ports[more...]
Where does the RBI’s surplus come from? | Explained
The story so far: Putting an end to much speculation, the Reserve Bank of India’s Central Board on Friday (May 23, 2025) announced that it[more...]
IMF confirms Pakistan funding issue didn’t come up for voting
The IMF’s statement, made as part of a press conference by its director of communications Julie Kozack (in picture) in Washington on May 22, 2025,[more...]
Liquidity without increase in credit growth can lead to bubbles: SBI Capital report
The Reserve Bank of India’s efforts to inject liquidity can only be an enabler and not a prime mover in improving the credit growth of[more...]
RBI to pay govt record dividend of ₹2.69 lakh crore for FY25
Reserve Bank of India (RBI) approved the transfer of ₹ 2,68,590.07 crore as surplus to the Centre. File | Photo Credit: Reuters The Reserve Bank[more...]
De Beers confident of India business despite fears of a middle income trap: De Beers CEO
De Beers, the largest diamond seller is confident of its prospects in India even as financial institutions like World Bank had flagged that India would[more...]
Average mandi prices of major food crops ruling below MSP: RBI article
Image for representational purpose only. File | Photo Credit: Reuters Average mandi prices of major food crops, barring wheat, are ruling below the minimum support[more...]
Sensex, Nifty tumble 1% in third day of decline; RIL, HDFC Bank major drag
Foreign institutional investors offloaded equities worth ₹525.95 crore on May 19, 2025, according to exchange data. File | Photo Credit: PTI Benchmark stock indices Sensex and[more...]
India’s economy resilient to Trump tariff uncertainty & Pakistan tensions: Moody’s Ratings
Regarding tensions with Pakistan, Moody’s Ratings said that it doesn’t expect any major disruptions to India’s economic activity. File. | Photo Credit: Reuters Portraying a[more...]
‘Older investors need to be cautiously optimistic of market rallies’
The recently released annual report of the Association of Mutual Funds of India (AMFI) showed that 60% of the people aged 25 to 44 were[more...]
Rupee falls 21 paise to close at 85.63 against U.S. dollar
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.19% at 100.23. File | Photo Credit: Reuters[more...]
Government modifies import rules on certain gold, silver items
Business and finance background. Rows of golden and silver bars | Photo Credit: Getty Images/iStockphoto As part of an overall effort to bring in greater[more...]
Stock markets close lower for 2nd day, IT stocks, weak global trends drag
Foreign Institutional Investors bought equities worth 8,831.05 crore on May 16, 2025, according to exchange data.. File | Photo Credit: PTI Benchmark BSE Sensex dropped[more...]
The end of ownership in an on-demand world
On an otherwise unremarkable Friday in July 2009, amazon.com executed a digital disappearing act, silently removing two books from every Kindle e-reader across the United[more...]
Markets log biggest single-day gains as border tensions ease, U.S.-China lower tariffs
The 30-share BSE Sensex soared by 2,975.43 points, or 3.74%, while the 50-issue Nifty of NSE skyrocketed 916.70 points, or 3.82%. File | Photo Credit:[more...]
Govt approves 187 startups for income tax exemption benefits
Image used for representation The government on Thursday (May 15, 2025) said it has approved as many as 187 startups for income tax exemption.The tax[more...]
Foreign investors infuse ₹4,452 crore in Indian equities this week, net investment in May at ₹18,620 crore: NSDL
Net investments by FPIs in Indian equities stood at ₹4,223 crore during April, indicated a turnaround in foreign investment trends. File | Photo Credit: Reuters Foreign[more...]
U.N. cuts India’s 2025 growth forecast to 6.3% from 6.6%, in line with slowing global growth
The U.N.’s mid-year update of its World Economic Situation and Prospects 2025 report has projected global growth to slow to 2.4% in calendar year 2025.[more...]
Finance Ministry looking into how to enhance dividends from RBI
The RBI’s officers have been since January this year reviewing the central bank’s Economic Capital Framework. File. | Photo Credit: Reuters The Ministry of Finance[more...]
India’s trade deficit widens to $8.65 billion in April, services to the rescue again
India’s total trade deficit, counting both merchandise and services, widened to $8.65 billion in April, compared to $5.77 billion in April last year, according to[more...]
India warns WTO it may impose retaliatory tariffs on U.S. over steel, aluminium duty hikes
According to a communication from the WTO, India’s reciprocal measures could kick in 30 days from the date it sent its notification to the WTO[more...]
Piyush Goyal to lead team of officials to Washington for trade talks from May 17
Commerce and Industry Minister Piyush Goyal will lead a team of senior Indian officials to Washington starting May 17 for discussions with their U.S. counterparts[more...]
Rupee gains 10 paise to settle at 85.26 against U.S. dollar
Foreign institutional investors offloaded equities worth %476.86 crore on a net basis on May 13, 2025, according to exchange data. File | Photo Credit: Reuters The[more...]
Ecology is the world’s permanent economy
‘Future conservation efforts should be designed to strengthen our emotional bond with nature’ | Photo Credit: Getty Images/iStockphoto The phrase, “Ecology is the permanent economy”,[more...]
Retail inflation declines to six-year low of 3.16% in April: Government data
The data shows that inflation in the food and beverages category came in at 2.14%, with vegetable prices contracting 10.98%, pulses contracting 5.23%, and meat[more...]
U.S.-China trade agreement a mixed bag for India, say trade experts
A file image is used for representational purpose only. | Photo Credit: Reuters Trade experts are divided on how the temporary trade agreement between the[more...]
India, EU to hold next round of FTA talks from May 12
Union Minister of Commerce and Industry Piyush Goyal during a discussion with EU Trade Commissioner Maros Sefcovic on the India-EU FTA and the progress of[more...]
Foreign investors inject ₹14,167 crore in equities this month
“The hallmark of FPI investment in recent days has been the sustained buying by upbeat quarterly earnings from prominent Indian corporates,” V.K. Vijayakumar of Geojit[more...]
Canara Bank net profit up 33% to ₹5,004 crore
K. Satyanarayana Raju. File | Photo Credit: Special Arrangement Canara Bank posted a 33.19% year-on-year (YoY) increase in net profit to ₹5,004 crore for the[more...]
What will be impact of India-U.K. trade deal? | Explained
The story so far: After nearly three-and-half years, India and the U.K. finally gave their nod to a Free Trade Agreement (FTA) this week. Commerce[more...]
Global ratings agency upgrades India’s rating due to structural reforms, resilience and high potential growth
Photo: dbrs.morningstar.com Morningstar DBRS, a global ratings agency, has upgraded its rating of India’s long-term and short-term debt on the basis of the country’s structural[more...]
Rupee rises 17 paise to close at 85.41 against U.S. dollar
Image used for representational purposes only. File | Photo Credit: Reuters The rupee pared its initial losses and settled for the day higher by 17[more...]
India, Chile sign terms of reference for new trade deal
File picture of Special Secretary, Ministry of External Affairs, P. Kumaran, right, and Ambassador of Chile to India Juan Angulo exchange agreements during a joint[more...]
U.S. President Donald Trump critics launch new group to highlight rising cost
U.S. President Donald Trump late last week said on his social media platform that there is “NO INFLATION” and claimed that grocery and egg prices[more...]
What is the significance of the India-U.K. free trade agreement?
The story so far: Bringing to a conclusive end negotiations that lasted for nearly three-and-half years, India and the United Kingdom agreed to move ahead[more...]
Sensex falls 155 points as investors turn cautious amid India-Pakistan tensions
Benchmark indices Sensex and Nifty ended lower in a range-bound trade on Tuesday (May 6, 2025) due to profit booking, mainly in banking and oil[more...]
IMF’s April Outlook projects India to become fourth largest in 2025
A view of the International Monetary Fund logo at its headquarters in Washington, D.C., U.S., November 24, 2024. | Photo Credit: REUTERS The International Monetary[more...]
India, U.K. conclude ‘mutually beneficial’ Free Trade Agreement
India and the United Kingdom have concluded a historic Free Trade Agreement (FTA) that will see 99% of Indian exports to the U.K. benefiting from[more...]
India’s services sector growth improves slightly in April on new order inflows
Representative image | Photo Credit: Getty Images/iStockphoto India’s service sector activity grew marginally in April as compared to the previous month, according to a survey[more...]
Markets surge in early trade on sustained foreign fund inflows
Image used for representative purposes only. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty surged in early trade on Monday (May 5,[more...]
World Bank executive director Parameswaran Iyer to represent India at IMF board
The government’s decision assumes significance as the IMF Executive Board will meet on May 9, 2025. File | Photo Credit: Reuters “Parameswaran Iyer, executive director[more...]
Core sector output rises 3.8% on early summer demand for power
Output in electricity sector, which constitutes 19.85% of the basket, grew 3 percentage points to 6.2% in the month under review. | Photo Credit: SRIRAM[more...]
Petrol, diesel demand rises in April as summer fuels consumption
Image used for representation | Photo Credit: The Hindu India's diesel consumption rebounded in April, recording a 4% increase in demand after months of low[more...]
SEBI extends PAN freeze to immediate kin of insider trading norm violators
The logo of Securities and Exchange Board of India (SEBI). | Photo Credit: Reuters The trading windows of immediate relatives of those involved in insider[more...]
India, U.S. looking for ‘early mutual wins’ before concluding first phase of trade pact
India and the U.S. are exploring opportunities for an interim trade arrangement in goods to secure an "early mutual wins" ahead of finalising the first[more...]
India, U.K. resume talks to clinch trade deal
Union Minister of Commerce and Industry Piyush Goyal and British Trade Minister Jonathan Reynolds. File | Photo Credit: Reuters Union Minister of Commerce and Industry[more...]
Markets end flat in highly volatile trade as Bajaj twins, geopolitical tensions drag indices lower
FIIs bought equities worth Rs 2,385.61 crore on Tuesday, according to exchange data. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty ended[more...]
GST revenue hits record high of ₹2.37 lakh crore in April, up 12.6%
GST collection rose 12.6% to an all-time high of about ₹2.37 lakh crore in April. Image for representation | Photo Credit: Getty Images/iStockphoto Goods and[more...]
Rupee jumps 38 paise to close at 84.58 against U.S. dollar
An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013. India's central bank was seen selling[more...]
Govt notifies ITR forms; individuals with long-term capital gains up to ₹1.25 lakh can file ITR 1, 4
Image used for representative purpose. File | Photo Credit: The Hindu The government has notified Income Tax Return (ITR) forms 1 and 4 for Assessment[more...]
Tariff talks with India going great, think will have deal: Trump
President Donald Trump. | Photo Credit: AP U.S. President Donald Trump has said that tariff negotiations with India are “coming along great,” and he thinks[more...]
Commerce and Industry Minister Piyush Goyal explores avenues for greater collaboration with U.K.
Union Commerce and Industry Minister Piyush Goyal (right) meets with U.K. Secretary of State for Business and Trade Jonathan Reynolds (left). File | Photo Credit:[more...]
‘Own’ malls, farms, dams, toll plazas via REITs, InVITs
Do you chase overvaulting dreams like owning malls in Mumbai, office spaces or warehouses in Bengaluru?
Do you daydream about owning highways, renewable energy projects, toll[more...]
IIP grows 3% as electricity, manufacturing output surge
The Index of Industrial Production (IIP) grew 3% as electricity and manufacturing sector production surged in March 2025, according to data from the Ministry of[more...]
The Trump turmoil in bond markets
Traders work on the floor of the New York Stock Exchange during morning trading on April 22. | Photo Credit: Getty Images Not content with[more...]
Credit card balance transfer – The Hindu
Representational file image. | Photo Credit: Reuters Balance transfers allow cardholders to move outstanding balance from one credit card to another with the option of[more...]
Gold futures breach ₹1 lakh-mark, surge by ₹2,048/10 gram
In the international markets, gold futures jumped by $83.76 per ounce or 2.44% to establish a record high of $3,509.06 per ounce. | Photo Credit:[more...]
Rupee falls 8 paise to settle at 85.23 against U.S. dollar
Image for representation. | Photo Credit: Reuters The rupee consolidated in a narrow-range and settled for the day lower by 8 paise at 85.23 (provisional)[more...]
China vows in politburo meeting to support firms, workers affected by U. S. tariffs
China's top policymakers pledged to support firms and workers most affected by the impact of triple-digit U.S. tariffs, the ruling Communist Party's politburo said on[more...]
