Last Wednesday, the rupee slipped past the ₹90 per dollar mark. While this drop is labelled as ‘psychologically significant,’ the underlying economic factors haven’t changed much. Yet a specific set of recent events has added fresh momentum, decisively tipping the scales against the currency. The rupee’s rise or fall depends on two main factors: what’s…
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: Moorthy G. Ahead of Budget 2026, Finance Minister Nirmala Sitharaman on Saturday (December 6, 2025) said the simplification of customs would be the next big reform agenda for the government. During the current financial year, the government undertook reforms such as rate rationalisation and simplification of…
The U.S. currently has imposed a total of 50% tariffs on imports from India, with 25% of these constituting reciprocal tariffs, and another 25% being imposed as a penalty for India’s imports of Russian oil. File. | Photo Credit: The Hindu A team of negotiators from the U.S. will visit India on December 10-12 to…
Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Winter session of Parliament, in New Delhi, on December 5, 2025. Photo Credits: Sansad TV via PTI The Lok Sabha on Friday (December 5, 2025) passed a Bill which would levy a special cess on pan masala and use the fund for improving…
Image used for illustration purpose only | Photo Credit: Getty Images/iStockphoto Reserve Bank on Friday (December 5, 2025) raised the GDP growth projection to 7.3% for the current fiscal from its earlier estimate of 6.8% following robust economic performance in the July-September quarter. The Gross Domestic Product (GDP) registered a six-quarter high growth of 8.2%…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Reserve Bank Governor Sanjay Malhotra on Friday (December 5, 2025) said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level. The Governor’s statement came at a time…
Image used for representational purpose only. | Photo Credit: Murali Kumar K Aam Aadmi Party (AAP) leader Raghav Chadha on Friday (December 5, 2025) demanded the termination of 10-minute delivery services offered by quick commerce players, terming the practice as “cruelty” towards gig workers who risk their lives to meet deadlines under extreme pressure. Raising…
A man walks past the Reserve Bank of India (RBI) logo outside its headquarters in Mumbai. File | Photo Credit: Reuters The Reserve Bank Of India (RBI) on Friday (December 5, 2025) decided to conduct Open Market Operations (OMO) purchases of government securities of ₹1 lakh crore in December in a bid to maintain sufficient…
Reserve Bank of India Governor Sanjay Malhotra speaks on Monetary Policy Statement, in New Delhi on December 5, 2025. Photo: YouTube/Reserve Bank of India Noting that since the October Policy, the Indian economy has witnessed rapid disinflation, Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday (December 5, 2025) announced that the Monetary Policy…
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. Despite having arrest warrants issued against them, these FEOs have left India and refuse to return to avoid criminal prosecution. Of this, the principal amount owed is ₹26,645 crore, while interest accounts for ₹31,437 crore. To date, banks have…
