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Strategic move: If private currencies gain recognition, national currencies may come under threat, says Sankar. afp

RBI plans digital currency pilots soon

Special Correspondent CBDC will help cut the cost of currency management while expediting real-time payments: Sankar

Urging restraint: We must not repeat the mistakes of bank-led infra funding which led to the NPA problem, says the CEA.

‘India on course for 11% growth this fiscal, to meet deficit goal’

Special Correspondent CEA says capex will boost construction, but warns of ‘irrational exuberance’

Time to be brave, stretch fiscal deficit goals if need be: Kamath

PTI ‘Benign rates, liquidity crucial to seize growth opportunity’

A ‘solid increase in aggregate demand’ is yet to take shape, say RBI officials.

Inflation to persist at elevated levels for a while: RBI officials

Special Correspondent Price pressures to ease in third quarter of 2021-22, they write in a Bulletin article

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Retail investor interest has surged: SEBI’s Tyagi

RBI plans digital currency pilots soon

IBBI amends insolvency rules to help improve transparency

₹81,179 cr. due to states as GST compensation for FY21

India's strong fundamentals, market size will continue to attract foreign investments: FM

‘India on course for 11% growth this fiscal, to meet deficit goal’

Automobile exports recover in Q1 amid improved pandemic situation globally

Automobile exports from India recovered in the first quarter with all vehicle segments, including passenger vehicles and two-wheelers, witnessing

Hiring activity saw uptick in most sectors in June: report

With the gradual easing of lockdowns, overall hiring activity witnessed positive growth for most sectors in June, according to a report. Hiring

Data | Medical expenses climb after second wave, adds to financial stress

Health expenditure increased the most in Telangana and least in Kerala

Time to be brave, stretch fiscal deficit goals if need be: Kamath

‘Benign rates, liquidity crucial to seize growth opportunity’

Rupee slips 3 paise to close at 74.57 against U.S. dollar

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06% to 92.56.

Petroleum minister vows to work with Saudi Arabia, UAE to calm oil markets

Puri said New Delhi would like to expand its relations with Riyadh to “beyond buyer-seller to see greater two way investment”.

GDP to grow in double digits on low base: ICRA report

Economic recovery has gained momentum after the lifting of localised lockdowns imposed in the aftermath of the second wave, but is ‘incomplete,’

Financial inclusion is a policy priority: Shaktikanta Das

‘Inclusivity bolsters financial stability’

Inflation to persist at elevated levels for a while: RBI officials

Price pressures to ease in third quarter of 2021-22, they write in a Bulletin article

States get ₹75,000 crore GST dues

Around ₹63,000 crore is still due to States for 2020-21, when ₹1.1 lakh crore of similar back-to-back borrowings were undertaken to meet their compensation dues.

CBIC launches 24/7 plan for instant import, export of vaccines

Dedicated teams will oversee the evacuation of vaccines at air-cargo terminals and relaxations brought in for the export and import of vaccines through courier services.

India’s exports increase by 32% in June, touches $49.85 billion

Imports stood at $52.18 billion, rising 73.65% in June year-on-year and 1.08% higher than June 2019.

India’s power consumption returns to pre-COVID level in first fortnight of July; up 17% to 59.36 BU

Power consumption during July 1-14 last year was 50.79 BU

RBI bars Mastercard from adding new users

‘Issuer not compliant with data rules’

Cabinet nod for subsidy scheme to boost merchant ships

It will also increase training opportunities and employment for seafarers.

Oil Min Puri dials UAE for affordable oil prices

The world's third-largest importer has many times called on OPEC to price oil at reasonable levels.

WPI inflation at 12.07% in June

Wholesale inflation in fuel and power was also the highest on an annual basis, at 32.83% in June, though it had declined marginally from 37.6% in May

India’s trade with China soared 62% in H1

Bilateral trade in first six months hits $57.48 bn, surpasses pre-pandemic levels

Crackdown on GST evaders continues

In 2020-21, 8,000 cases involving fake ITC detected, 426 held: Finance Ministry.

S&P affirms India rating at lowest investment grade for 14th year in a row

S&P Global Ratings on July 13 affirmed India’s sovereign rating at the lowest investment grade of ‘BBB-’ for the 14th year in a row with a stable

Household distress to delay recovery, slash fuel taxes now: SBI report

Fuel expenses crowding out consumption demand

‘Liquidity buffer at NBFCs cushions fall in Q1 collections’

Last year, moratorium spurred fears on asset quality, liquidity, Crisil points out

Inflation remains above 6% for second month

Growth impulses remained fragile, manufacturing output tanked 9.5%

Kerala Law Department vetting Bill to do away with overlapping inspections at factories

Bill aims at improving State’s Ease of Doing Business rating

Rupee gains 21 paise to 74.43 against U.S. dollar in early trade

On Friday, the rupee had settled at 74.64 against the U.S. dollar.

G-20 FMs back plan to stop use of tax havens

The the proposal would end a elf-defeating international tax competition, says Janet Yellen

Government infrastructure spending sees steep fall in Q1

Fresh investments dip by 18% overall

Recovery ‘uneven’, food prices to blame for high inflation: Finance Ministry

‘Revival bumpy, sentiment to improve’

SEBI eases commodity contract rules

SEBI on Thursday relaxed the advance intimation requirement for exchanges for carrying out modifications in the contract specifications of commodity

Equity MFs’ inflows slid 40% to ₹5,988 cr. in June

Profit booking by investors slows flows

RBI imposes penalty on 14 banks for contravention of various norms

RBI said the banks had failed to comply with provisions of one or more of the aforesaid directions.

IMF chief warns of U.S. inflation risk

Fund sees response spurring outflows

Fitch cuts India growth forecast to 10%, says rapid vaccination to support revival

In a report, the global rating agency said the challenges for banking sector posed by the coronavirus pandemic have increased due to a virulent second wave in the first quarter of the financial year ending March 2022 (FY22)

Govt brings Dept of Public Enterprises under Finance Ministry

The gazette notification issued said these rules may be called the Government of India (Allocation of Business) Three Hundred and Sixty First Amendment Rules, 2021

GST collections in June slip below ₹1 lakh crore after 8 months

Goods and Services Tax (GST) collections in June fell to ₹92,849 crore from ₹1.02 lakh crore in May, marking the first time after eight months that

RBI to buy ₹20,000-cr. G-secs July 8

The Reserve Bank on Monday said the first purchase of government securities for an aggregate amount of ₹20,000 crore under the G-sec Acquisition

Data | Indians are spending more but eating less in the post-pandemic period

Prices of edible oils and pulses have increased significantly at a time when income levels have decreased due to stringent lockdowns

LIC IPO: Govt likely to invite bids from merchant bankers this month

"We are hoping to get regulatory approvals by November-end."

Can reducing cess levies ease high fuel prices?

What has the ICRA proposed and will it cool inflation to the comfort level prescribed by the RBI?

India sees ‘consensus’ by Oct. on OECD-G20 global tax deal

Share of profit allocation, subject-to-tax rules’ scope yet to be addressed, says Finance Minister

Re-employment still a challenge for those who lost jobs in COVID-19 first wave

The survey spread across Uttar Pradesh, Bihar and Jharkhand points to prolonged unemployment.

‘GNPA ratio may rise up to 11.2% in FY22’

RBI sees banks’ gross NPA ratio climbing to 9.8% under baseline scenario, from 7.48% in March 2021

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