Category: Economy
GST collection for September rises 9.1% to Rs 1.89 lakh crore
India’s goods and services tax (GST) revenues rose 9.1% year-on-year to Rs 1.89 lakh crore in September, according to government data cited by Reuters. In…
India-EFTA trade pact explained: Tariff cuts, sectoral benefits, and investment commitments
India’s free trade agreement (FTA) with four-nation bloc, European Free Trade Association (EFTA) comes into effect from Wednesday. It is aimed at boosting two-way commerce…
UPI payments to be charged? RBI Governor clarifies
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday clarified that no proposal has been placed before the central bank to impose charges on…
RBI ready with final guidelines on bank subsidiaries
Reserve Bank of India (RBI) governor Sanjay Malhotra on Wednesday announced that the central bank will issue the final circular on Forms of Business and…
Why the RBI kept repo rate unchanged today and what a neutral stance means
Will they? Won’t they? After three rate cuts earlier this year, all eyes were on the RBI’s Monetary Policy Committee (MPC) to see if it…
RBI holds repo rate steady at 5.5% amid economic challenges and adjusts GDP growth forecast
The Reserve Bank of India (RBI) Wednesday expectedly kept the policy repo rate unchanged at 5.5% due to tariff-induced challenges, saying policymakers needed time to…
RBI MPC: Malhotra & co flag US tariffs as key headwind for Indian exports and growth
In its bimonthly monetary policy report, the Reserve Bank of India (RBI) noted that “uncertainties on tariffs were still evolving, and the impact of past…
RBI unveils new measures for internationalisation of Indian Rupee
The Reserve Bank of India (RBI) on Wednesday announced fresh measures to promote wider use of the Indian Rupee in cross-border transactions, as part of…
Indian wood and furniture exporters to gain competitive edge in US after Trump’s 10% global tariff: GTRI
New Delhi [India], October 1 (ANI): Indian wood products and furniture exporters will become far more competitive in the US market, as tariffs on this…
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%,…