Chief Economic Adviser (CEA V. Anantha Nageswaran) has clarified that India is not pushing for an alternative to the US dollar, despite global discussions on de-dollarization. Instead, India is focused on strengthening the rupee’s role in trade settlements, improving currency stability, and aligning with international financial...
India’s long-awaited tax reform under GST 2.0 has arrived in the form of a new GST rate card, marking one of the most significant overhauls since the tax’s inception in 2017. The reform simplifies the structure into fewer slabs, reduces classification disputes, and is expected to...
Finance Minister Nirmala Sitharaman has clarified that the recently announced GST reforms under GST 2.0 are not linked to the U.S. tariff measures imposed by the Trump administration. She emphasized that the reforms are the result of domestic economic priorities, aimed at simplifying compliance, reducing consumer...
European Commission President Ursula von der Leyen has called for sanctions and partial suspension of trade with Israel, citing humanitarian concerns over the ongoing war in Gaza. The proposal, if adopted, would mark one of the EU’s most significant actions against Israel in recent years, raising...
With cyberattacks on financial institutions rising sharply, fintechs and NBFCs are increasingly turning to cyber insurance as a safeguard against operational disruptions, data breaches, and regulatory penalties. Experts note that the surge in demand reflects growing awareness of cybersecurity risks in India’s digital lending and payments...
Global investors are increasingly shifting preference toward Indonesian bonds over Indian sovereign debt, as expectations of rate cuts and attractive yields tilt sentiment in Jakarta’s favor. While India remains a major emerging market destination, cautious monetary policy by the Reserve Bank of India (RBI) and relatively...
The long-awaited Bima Sugam platform is set to launch soon, promising to transform India’s insurance industry by serving as a one-stop digital marketplace for policies, claims, and services. The initiative, supported by the Insurance Regulatory and Development Authority of India (IRDAI), aims to simplify customer access,...
India’s UPI spending on gaming has dropped by 26% following the government’s ban on real-money gaming apps. The decision, aimed at addressing concerns around consumer protection and addiction, has had a sharp impact on digital payments within the gaming ecosystem. While the ban protects vulnerable users,...
India’s credit-deposit (CD) ratio has remained below the 80% threshold, reflecting a slowdown in lending momentum even as deposits continue to rise steadily. The muted credit growth highlights challenges for banks in translating liquidity into lending, driven by cautious risk assessment, sectoral headwinds, and tightening regulatory...
Indian government bonds staged a strong rally after the government reaffirmed its commitment to meeting the fiscal deficit target for FY26. The assurance has boosted investor confidence, easing concerns over higher borrowing and supporting demand for sovereign debt. Yields across key maturities fell, signaling market trust...
Finance Minister Nirmala Sitharaman has assured that the government is keeping a close watch on the Indian rupee, even as several global currencies have weakened against the U.S. dollar. She emphasized that India’s external sector remains resilient, supported by strong forex reserves, stable macroeconomic indicators, and...
Gold has been on a strong upward run globally, but central banks, including the Reserve Bank of India (RBI), are slowing down their purchases amid elevated prices and geopolitical uncertainty. While gold continues to serve as a safe-haven asset, policymakers are balancing the need for reserves...
India and Israel are expected to sign a long-awaited Bilateral Investment Treaty (BIT) next week, a move aimed at strengthening economic ties, protecting cross-border investments, and boosting investor confidence. The treaty will provide a transparent and rule-based framework for investment flows, covering dispute resolution, safeguards, and...
India has urged member nations of the Shanghai Cooperation Organisation (SCO) to exercise caution and avoid the misuse of export measures that could distort trade flows and undermine global supply chains. Speaking at a recent SCO meeting, Indian representatives emphasized the importance of transparency, fairness, and...
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...
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