Arvind Subramanian, the former Chief Economic Adviser, and political scientist Devesh Kapur have come out with a new book ‘A Sixth of Humanity: Independent India’s Development Odyssey’. In a conversation with TCA Sharad Raghavan, they explain India’s development model, which is a blend of democracy, socialism and liberalisation.
In terms of volume, the payment transactions grew from 3,248 crore in Calendar Year (CY) 2019 to 20,849 crore in CY 2024. In terms of value, from ₹1,775 lakh crore to ₹2,830 lakh crore during this period according to Payments Systems Report, a bi-annual publication released by the Reserve Bank of India (RBI) on Thursday…
The benchmark indices ended marginally higher in the special Muhurat trading session on Tuesday (October 21, 2025). File Photo: Special Arrangement | Photo Credit: Stock markets remained closed on Wednesday (October 22, 2025) on account of the festival holiday of Bali Pratipada. As per the official National Stock Exchange (NSE) holiday calendar, the markets are…
Representative image | Photo Credit: Getty Images/iStockphoto Net Foreign Direct Investment (FDI) into India fell 159% in August 2025, with more money leaving the country than entering it that month, according to official data. This is the second time this financial year that outflows have exceeded inflows. However, the picture is reversed when looked at…
Rajeev Ahuja, Executive Director, R Subramaniakumar, MD & CEO, Jaideep Iyer, Head-Strategy, RBL Bank at a press conference in Mumbai on October 19, 2025 | Photo Credit: Lalatendu Mishra Post signing the $3 billion deal to sell upto 60% stake to Emirates NBD Bank, UAE’s second largest public sector bank, the RBL Bank, a mid-size bank,…
Though employees can withdraw up to 100% of the eligible balance in the PF including employee and employer share during their service, a new provision has been made that 25% of the contributions in an account should be maintained as minimum balance at all times. File. | Photo Credit: Supreet Sapkal The story so far:…
Union Finance Minister Nirmala Sitharaman addresses a press conference, in New Delhi on October 18, 2025. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Saturday (October 18, 2025) said the benefits of GST reforms are reaching consumers in the form of reduced prices. Addressing a press conference on GST Bachat Utsav, she said the…
India’s crude oil imports from Russia strengthened in the first half of October, reversing a three-month slide in arrivals seen during July-September as refineries were back on full stream to meet festive demand, according to ship tracking data. Imports from Russia slid from over 2 million barrels per day in June to 1.6 million bpd…
The journey of Goods and Services Tax (GST) implementation has entered a major new stage with the latest restructuring of tax slabs, a move expected to pass on over ₹2 lakh crore in tax benefits to consumers. With this, the GST compensation cess stands abolished as it merges with the regular tax, marking the end…
The timing of the U.K. sanctions is significant, coming days after U.K. Prime Minister Keir Starmer led a large trade delegation to Mumbai and U.K.-India relations appeared to touch a new high. (picture for representational purposes only) | Photo Credit: YORUK ISIK The British government has sanctioned the Vadinar (Jamnagar) oil refinery owned by Nayara…
