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 earnings. File | Photo Credit: Reuters Indian economy remains a key driver of global growth on the back of sound macroeconomic fundamentals and prudent policies, the Reserve Bank of India (RBI)…
As the Goods and Services Tax (GST) completes eight years of implementation on July 1, tax experts acknowledge its successes but say a lot more work needs to be done in terms of simplification and rationalisation of rates. Among the big reforms suggested are the inclusion of fuel in the GST regime, the reduction in…
The manufacturing sector saw its growth rate nearly halving to 2.6% in May 2025 compared to 5.1% in May 2024, and 3.1% in April 2025. | Photo Credit: Reuters Growth in industrial activity in India slumped to a 9-month low of 1.2% in May 2025, with the mining, electricity, primary goods, and consumer goods sectors…
A worker cuts a metal pipe at a workshop in an industrial area in the old quarters of Delhi. Image for representational. | Photo Credit: Reuters Manufacturing activity rose to a 14-month high in June 2025 on the back of strong export orders, according to a private sector survey. The HSBC India Manufacturing Purchasing Managers’…
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 lakh crore in June 2025, 6.2% higher than the collections seen in June of last year, and 8.2% lower than the collections in May 2025. The growth rate of gross…
“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,” Nirmala Sitharaman said. | Photo Credit: The Hindu Finance Minister Nirmala Sitharaman on Tuesday (July 1, 2025) said that multilateral development bank (MDB) lending must also incorporate monitoring mechanisms to…
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 and New Delhi demanding greater market access for its labour-intensive goods, an official said. The Indian team, headed by Special Secretary in the Department of Commerce Rajesh Agrawal, is in…
Image for representation only | Photo Credit: Getty Images/iStockphoto Indian Bank has announced complete waiver of minimum balance charges across all savings bank accounts effective July 7. Effective July 1, Punjab National Bank, too, has decided to waive penal charges for non-maintenance of minimum average balance (MAB) in all savings accounts. According to Indian Bank, the move…
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 the facets of these engagements and has also almost doubled the flow of quantum — from around $3 billion in 2010-11 to around $7 billion in 2023-24. While capacity building…
Online food delivery workers at Namakkal in Tamil Nadu on July 1. | Photo Credit: SPECIAL ARRANGEMENT The 2025 Union Budget took several measures to formally ‘recognise’ gig and platform workers, and extended various social protection schemes to this growing workforce. Despite this recognition, the revised Periodic Labour Force Survey (PLFS), 2025 does not include…
