Commerce and Industry Minister Piyush Goyal has called on Indian businesses to ensure that the benefits of GST rate cuts are fully passed on to consumers. Emphasizing that reforms under GST 2.0 aim to boost demand, job creation, and economic growth, Goyal warned that withholding these...
Finance Minister Nirmala Sitharaman chaired three separate high-level meetings to review the preparedness of the Goods and Services Tax Network (GSTN) for the rollout of GST 2.0. The meetings, held over the past week, focused on ensuring technological readiness, smooth taxpayer transition, and state-level coordination. The...
The U.S.-India Business Council (USIBC) has hailed India’s recent GST reforms as a landmark step that will strengthen business confidence, attract investment, and enhance ease of doing business. By rationalizing slabs and simplifying compliance, the reforms have been positioned as a pro-growth measure that benefits both...
The Indian government is preparing to greenlight a fresh set of incentives to accelerate green steel production, aligning with the country’s climate commitments and industrial transition goals. By supporting low-carbon steelmaking technologies, the initiative aims to cut emissions, enhance global competitiveness, and attract green financing into...
India’s foreign exchange reserves rose by $3.51 billion to reach $694.2 billion in the week ending August 29, 2025, according to data released by the Reserve Bank of India (RBI). The increase was largely attributed to a rise in foreign currency assets and gold reserves, reinforcing...
Finance Minister Nirmala Sitharaman has described GST 2.0 as the “final piece in India’s big tax reforms,” stressing that the overhaul was guided by the principles of affordability and Aatmanirbharta (self-reliance). The minister noted that the simplification of slabs, reduction in litigation, and consumer-centric design of...
India’s microfinance sector is showing strong signs of revival, with improved credit quality and stable loan performance, according to the latest report by Microfinance Institutions Network (MFIN). After years of stress caused by the pandemic and repayment disruptions, lenders are now witnessing better collections, declining delinquencies,...
A new study has revealed a clear correlation between fintech adoption and stronger credit ratings for financial institutions. Banks, NBFCs, and cooperative lenders that integrate digital tools, AI-driven risk models, and data analytics into their operations are perceived as more resilient, transparent, and scalable—earning higher creditworthiness...
India’s banking sector is witnessing stability in non-performing assets (NPAs), with gross and net NPA levels showing improvement across major public and private lenders. Backed by RBI’s strict regulations, provisioning norms, and asset quality reviews, the sector has managed to contain stress even as global and...
The GST Council’s latest round of tax reforms is expected to act as a powerful stimulus for India’s economy by driving consumption and spurring growth. With rationalized slabs and targeted relief on essential goods and services, the reforms aim to reduce tax burden, improve compliance, and...
SK Finance Ltd, a leading non-banking financial company (NBFC), has reported a 30% year-on-year increase in net profit for Q1 FY26, reaching ₹87.59 crore. The growth was fueled by strong loan disbursements, improved asset quality, and stable margins across its lending portfolio. The robust performance underscores...
Fintechs and lenders are projecting a sharp surge in consumer demand this festive season, driven by the government’s recent GST rate cuts on food, textiles, and daily-use items. By reducing tax burdens, the reforms are expected to translate into higher disposable income, improved affordability, and stronger...
The Reserve Bank of India (RBI) is conducting a comprehensive review of the impact of steep U.S. tariffs on Indian exports while simultaneously assessing strategies to strengthen financial inclusion across the country. The move underscores the central bank’s dual focus: safeguarding India’s external trade stability and...
The Reserve Bank of India (RBI) has announced that money markets, foreign exchange (forex) markets, and government securities (G-Sec) transactions will remain closed on September 8, 2025. The closure is due to a scheduled public holiday under the Negotiable Instruments Act, ensuring uniformity across banking and...
The government’s decision to cut freight tax rates is expected to provide a major boost to India’s logistics sector, reducing transportation costs, improving supply chain efficiency, and supporting exporters battling global tariff shocks. The move is part of broader reforms aimed at making logistics more competitive...
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