Month: September 2025
Rupee loan average rates fall by 6bps in August
MUMBAI: The average lending rate on fresh rupee loans across the banking system eased by 6 basis points (bps) in August over July to 8.75%,…
RBI to continue to use overnight weighted average call rate as the operating target for monetary policy
MUMBAI: The Reserve Bank of India (RBI) would continue to use the overnight weighted average call rate (WACR) as the operating target for monetary policy…
Government reports fiscal gap at 38.1% of FY26 target as of August
New Delhi: Higher spending and lower net tax collection widened the Centre’s fiscal deficit up to August in this financial year to 38.1% of the…
ADB projects India growth at 6.5% for two fiscal years
New Delhi: The Asian Development Bank (ADB) on Tuesday projected India‘s economic growth at 6.5% each for this fiscal year and the next. The latest…
India must grow 12% to address job-skill mismatch: Morgan Stanley
New Delhi: The Indian economy needs to grow by 12.2%, on average each year, about twice its current pace, to address underemployment (jobs that do…
Self-reliance in focus to counter weaponisation of trade: Piyush Goyal
New Delhi: India is focusing on atmanirbharta (self-reliance) by building capabilities, supply chains and value chains, which will assure that the country will not be…
Government extends RoDTEP by six months to support exporters
New Delhi: The government on Tuesday extended a key export support measure-the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme-by six months till…
India initiates anti-dumping probe into imports of Chinese PET films, kitchen glassware and nylon
The Commerce Ministry‘s arm DGTR has initiated anti-dumping probes into the import of three Chinese goods – PET films, kitchen glassware and nylon following complaints…
RBI launches scheme to reduce stock of unclaimed deposits by incentivising banks
The Reserve Bank on Tuesday announced a year-long incentive scheme for banks to reduce the volume of unclaimed deposits. Under the ‘Scheme for Facilitating Accelerated…
IMEC, Italy and India: A corridor linking the Mediterranean and the Indo-Pacific
The Indo-Mediterranean Corridor has returned to the centre of political and business debate. In the heart of Rome, senior Italian and Indian officials, maritime industry…