Image used for representational purpose only. | Photo Credit: Getty Images/iStockphoto New project announcements by the Indian private sector surged to nearly a 15-year high in the first half of the ongoing financial year 2025-26, even as new government projects and those by foreign companies slumped during this period. The value of new project announcements…
Gross Goods and Services Tax mop-up was ₹1.73 lakh crore in September 2024. Last month, the collection was ₹1.86 lakh crore, as per government data released. File. | Photo Credit: Reuters GST collections clocked near double-digit growth to amass ₹1.89 lakh crore in September — a month in which the reduced tax rates came into…
Trader businessman searching on smartphone, analyzing in dynamic stock exchange investment | Photo Credit: NanoStockk At a time when foreign investors have been pulling money out of the Indian stock market, domestic investors have kept it afloat with their steady contributions. Data show that this trend has persisted for some time now. But who are…
Reserve Bank of India Governor Sanjay Malhotra during a press conference in Mumbai, Maharashtra, on October 1, 2025 | Photo Credit: RBI Reserve Bank Governor Sanjay Malhotra on Wednesday (October 1, 2025) said there is no proposal to levy any charge on UPI transactions. RBI MPC meeting LIVE The Governor also said the central bank…
“The export sector is a vital part of India’s economy,” said RBI Governor Sanjay Malhotra. File. | Photo Credit: Reuters The Reserve Bank on Wednesday (October 1, 2025) announced a host of measures to help exporters tide over challenges posed by the imposition of 50 per cent tariffs by the U.S. administration on Indian shipments….
Alongside, oil firms increased the price of commercial LPG used in hotels and restaurants by ₹15.50 per 19-kg cylinder. Commercial LPG now costs ₹1,595.50 in the national capital. File. | Photo Credit: ANI Aviation Turbine Fuel (ATF) prices were hiked by over 3% and commercial LPG rates by ₹15.50 per cylinder on Wednesday (October 1,…
RBI Governor Sanjay Malhotra said permission has been granted to Authorised Dealer banks to lend in Indian Rupees to non-residents from Bhutan, Nepal and Sri Lanka for cross-border trade transactions. File. | Photo Credit: Reuters In a bid to promote the use of domestic currency for cross-border settlements, the Reserve Bank on Wednesday (October 1,…
The Monetary Policy Committee (MPC), after a detailed assessment of the evolving macroeconomic conditions and the outlook, voted unanimously to keep the policy repo rate unchanged at 5.50%. Consequently, the standing deposit facility (SDF) rate remains at 5.25% while the marginal standing facility (MSF) rate and the Bank Rate remain at 5.75%. RBI MPC meeting updates on…
‘Indian economy continues to exhibit strength by registering a higher growth in Q1’ Governor Malhotra said that since the August policy meeting, significant developments on the domestic front, amid a fast-changing global economic environment, have altered the growth and inflation narrative in India. He stated, “Since the August policy meeting, significant developments on the domestic…
The ADB, in its Asian Development Outlook September 2025, released on September 30, 2025, also reduced its growth forecast for developing Asia to 4.8% for the current year 2025 from its forecast in April of 4.9% | Photo Credit: Reuters The Asian Development Bank (ADB) has downgraded India’s growth outlook for the current financial year…
