RBI flags false loan waiver claims by some, warns of legal action
MUMBAI: The Reserve Bank of India (RBI) Monday raised fresh concerns over unauthorised campaigns falsely promising loan waivers, warning that these pose seious risks not…
Direct tax mop-up misses FY26 target; Collections rise 5%
New Delhi: India’s net direct tax collections recorded a moderate uptick in FY26 though the mop-up fell short of the revised estimates by ₹81,000 crore,…
PMI rises to 54.7; Inflation pressures mount
New Delhi: India’s manufacturing sector activity picked up modestly in April, driven by improvements in new business orders and production, a private survey released on…
India to testify at USTR overcapacity probe on May 8
New Delhi: Indian trade officials and industry representatives will testify on May 8 to push back against the US’ claims of structural excess capacity and…
RBI’s Rohit Jain takes charge, assumes key portfolios
Kolkata: Reserve Bank of India deputy governor Rohit Jain, who assumed charge Monday, has taken over most key departments earlier handled by T Rabi Sankar,…
RBI clears 99 pc applications within deadline under Citizen’s Charter
Mumbai: The Reserve Bank of India (RBI) on Monday said it has processed 99.7 per cent of applications within the prescribed timeline under its Citizen’s…
India’s net direct tax collections rise 5.12% to Rs 23.40 lakh crore till March 31
Net direct tax collections rose 5.12% to around Rs 23.40 lakh crore as of March 31, according to official data. Gross direct tax collections for…
No government financial support planned for fuel retailers’ petrol, diesel, ATF losses
New Delhi: The government has no plans to extend financial support to state-owned fuel retailers for the losses they are incurring on selling petrol, diesel…
RBI cautions against misleading campaigns promising loan waivers
Mumbai: The Reserve Bank on Monday cautioned the public against unauthorised and misleading campaigns promising loan waivers, and asked them to refrain from associating with…
ADB should step up capital expansion measures, adopt ‘more transformational approach’: MoS Finance
Samarkand (Uzbekistan): ADB will need to step up capital expansion measures, including hybrid and callable capital, to ensure that exposure limits do not constrain development…