Economic & Finance News
Minister Piyush Goyal is meeting investors today. The discussions aim to speed up foreign investment processes. This will boost job creation and bring new technologies. It will also promote research [...]
The Sixteenth Finance Commission has presented its tax division recommendations to President Droupadi Murmu. The report outlines how the tax pool will be shared between the Centre and states for [...]
The Central Board of Direct Taxes (CBDT) will release simplified Income Tax return forms and rules for the new Income Tax Act, 2025, by January 2026. Chairman Ravi Agrawal assured [...]
Economic Affairs Secretary Anuradha Thakur highlighted the financial sector's crucial role in India's economic transformation and sustained growth. She emphasized joint government-private action to strengthen the corporate bond market, expand [...]
India is confident it will meet its direct tax collection target of ₹25.2 trillion ($284.39 billion) for this financial year, Ravi Agrawal, chairman of the Central Board of Direct Taxes, [...]
Naidu, who retook control of the state in 2024 for a fourth term, scored a big win last month when Alphabet Inc.’s Google announced it would invest $15 billion in [...]
Microfinance institutions are urged to maintain fair interest rates. The Department of Financial Services secretary expressed concern over declining loan accounts and outstanding amounts. MFIs play a crucial role in [...]
The cabinet has given the green light to a financial package of Rs 45,060 crore aimed at bolstering exporters. A significant portion of this, specifically Rs 20,000 crore, will be [...]
India's net direct tax collection reached Rs 12.92 lakh crore, marking a 7% year-on-year increase as of November 10. Gross collections rose by 2.15% to Rs 15.35 lakh crore, while [...]
Andhra Pradesh's cabinet has approved investment proposals totaling Rs 1 lakh crore. These initiatives aim to boost the state's development and create jobs for its youth. Major projects include IT [...]
Industry lobby CII has urged the government to create a new India Development and Strategic Fund. This professionally managed fund aims to finance India's long-term growth and secure critical economic [...]
A report by PRS Legislative Research indicates that most states have experienced a decline in aggregate revenue from taxes subsumed under GST, falling from 6.5% of GDP pre-GST to 5.5% [...]
Investments in digital gold such as ETFs and similar products rose to 221 tonnes, up 134% on year, says WGC Report. [...]
India Post Payments Bank will now offer doorstep digital life certificate services to EPFO pensioners. This collaboration leverages India Post's extensive network of post offices and postal service providers. Pensioners [...]
For India, maintaining fiscal discipline will depend on sustaining strong non-tax inflows and ensuring the government’s capex push continues to translate into higher private investment and consumption -- critical for [...]
Market News
U.S. stocks are experiencing their biggest pullback in months, raising investor nerves ahead of key tests for the AI trade and interest rate cut expectations. Nvidia's earnings report and upcoming [...]
Equity markets declined on Tuesday as investors booked profits amid diminished expectations of a US Fed rate cut. Analysts suggest progress on the Indo-US trade deal and a strong domestic [...]
Indian markets experienced a volatile trading session on weekly expiry day, declining by nearly half a percent. This extends the current consolidation phase. Analysts suggest a cautiously optimistic undertone supported [...]
Asian equities showed mixed performance as global markets reacted to Wall Street's sharp losses, particularly in tech stocks driven by AI concerns. Investors are closely watching Nvidia's earnings report and [...]
Foreign portfolio investors have offered positive feedback on Bloomberg Aggregate Index services, boosting the likelihood of Indian debt being included in the global index. Participants cited ease of trading, India's [...]
The Enforcement Directorate is investigating over 50 individuals and firms for alleged money laundering through penny stock price rigging. Notices have been issued under the PMLA, requiring disclosure of financial [...]
CreditAccess Grameen's stock has declined due to concerns over higher credit costs stemming from delayed improvement in its portfolio at risk. Despite accelerated write-offs in H1 FY26, the company is [...]
The National Asset Reconstruction Company has taken over the debt of Entertainment City. Punjab National Bank accepted NARCL's ₹711-crore offer. This ends a year-long effort by lenders to find a [...]
Foreign investors divested shares worth ₹1.02 lakh crore in September quarter, with financial services firms, particularly NBFCs, experiencing significant stake reductions by foreign fund managers. Despite the selling pressure, some [...]
GQG Partners significantly boosted its stake in five Adani Group companies, including Adani Energy Solutions and Adani Enterprises, through substantial block deals totaling over ₹4,500 crore. The investment firm also [...]
Indian stock indices ended lower on Tuesday, breaking a six-day rally amid global market weakness. The Nifty closed down 103.4 points at 25,910.05, while the Sensex declined 277.93 points to [...]
India aims for insurance for all by 2047. Irdai member Swaminathan S Iyer stated product complexity is a barrier. He urged simpler, off-the-shelf insurance products. Focus must shift to rural [...]
The government plans to boost retirement savings. It will address pension rule gaps affecting both organised and unorganised workers. Currently, those earning over ₹15,000 monthly are not automatically enrolled in [...]
European shares experienced a significant downturn on Tuesday, with Germany's DAX nearing a five-month low. This broad market sell-off was driven by concerns over an overvalued tech sector and reduced [...]
Nifty snapped its winning streak, ending lower amid consolidation and pressure in IT, FMCG and pharma stocks, with technical indicators signalling weakening momentum even as analysts highlighted key support and [...]