Category: Economy
FM Sitharaman asks banks to step up financial literacy efforts for MUDRA beneficiaries
New Delhi: Union Finance Minister Nirmala Sitharaman on Thursday asked banks providing loans under the PM MUDRA Yojana to step up financial literacy efforts across…
CBDT removes arrest and imprisonment as prescribed route for tax recovery
Tax defaulters will no longer face arrest and detention as a prescribed recovery route to recover tax. The central board of direct taxes(CBDT) has amended…
Moody’s raises India FY27 growth forecast to 7% from 6% on resilient economy, stronger investment
India’s economy has proved more resilient to the shock from the Middle East conflict than Moody’s Ratings had expected, prompting the ratings agency to sharply…
Nabfid sanctions Rs 3,000 crore-plus loans to at least four data centres as AI capex accelerates in India
The National Bank for Financing Infrastructure and Development (Nabfid) has sanctioned loans of more than Rs 3,000 crore each to at least four data centres,…
India’s construction equipment exports to surpass 20,000 units in FY27, driven by global demand
New Delhi: India’s construction equipment exports are set to cross 20,000 units this financial year, growing 19% from fiscal 2026 and more than 70% from…
RBI rate hike imminent? Fed’s move pressures India to tighten monetary policy amid rising inflation
Mumbai: Calls for India to join central bank peers from Tokyo to London in tightening rates have grown louder after Washington, despite looming midterm polls,…
EAC-PM member Sanjeev Sanyal suggests ending population control policies amid falling fertility
New Delhi: India should abandon population control as an objective of state policy and realign its family planning framework with the country’s changing demographic reality,…
Digital gold may come under RBI, Sebi oversight; physical backing proposed
New Delhi: The government has begun discussions on tightening the rules for digital gold, including requiring every unit to be backed by physical bullion and…
Retailers push back against proposed 0.4% MDR on UPI transactions above Rs 2,000, warn of hit to thin margins
Kolkata: Retailers across the country are mounting a strong pushback against the proposed merchant discount rate (MDR) on unified payments interface (UPI) transactions above ₹2,000,…
AI, tech to scan cargo without disrupting trade: CBIC Chairman
New Delhi: India plans to significantly expand the use of artificial intelligence, advanced image analytics and non-intrusive scanning technologies to detect illicit trade, Central Board…