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Today's News and Events

Stay updated with the latest market developments and important events

Finance Minister launches Goods and Services Tax Appellate Tribunal

The Union Minister for Finance and Corporate Affairs Nirmala Sitharaman launched the Goods and Services Tax Appellate Tribunal (GSTAT)...

1 month agoEconomy News

Flow of non-food bank credit moderated in FY25 though funding from non-bank sources more than offset this moderation

Reserve Bank of India (RBI) has released an article titled "Flow of Financial Resources to Commercial Sector in India during 2024-25". The ...

1 month agoEconomy News

RBI says high-frequency indicators point to expansion in manufacturing activity

Reserve Bank of India (RBI) stated in its latest monthly bulletin that high-frequency indicators for August point to expansion in manufacturing activity, with its PMI surging to ...

1 month agoEconomy News

Deficit indicators elevated amid slowdown in revenue receipts

Reserve Bank of India (RBI) stated in its latest monthly bulletin that during FY 2025-26 (April-July), the key deficit indicators of the union government stood higher, as compared to the correspondin...

1 month agoEconomy News

Stage is set for a sustained pick-up in consumption demand in H2 and for a virtuous cycle of higher investments: RBI Bulletin

The growth outlook for H2 is one of optimism, RBI said in its September bulletin as high frequency indicators for August show manufacturing and services activity at a decadal high. Besides, S&P so...

1 month agoEconomy News

Cabinet approves Productivity Linked Bonus for 78 days to railway employees

In recognition of the excellent performance by the railway staff, the Union Cabinet today approved payment of Productivity Linked Bonus (PLB) of 78 days for Rs.1865.68 crore to 10,91,146 railway em...

1 month agoEconomy News

Overall tally of Dmat accounts hits 20.5 crore in India

SEBI stated in a latest monthly update in August 2025, 4 lakh new demat accounts were added with NSDL, while 21 lakh new accounts were added with CDSL. At the end of August 2025, overall tally of ...

1 month agoEconomy News

Total equity issuances come in at Rs 42604 crore in Aug-25, record highest in current FY

SEBI stated in a latest monthly update that in August 2025, a total of Rs 7432 crore was mobilised from primary market through equity and debt issuances. This was the lowest so far in th...

1 month agoEconomy News

Cabinet announces package of Rs 69725 crore for shipbuilding and maritime ecosystem, expected to generate nearly 30 lakh jobs

Recognizing the strategic and economic importance of the maritime sector, the Union Cabinet, today approved a comprehensive package of Rs.69,725 crore to revita...

1 month agoEconomy News

Reserve Bank renews its Statement of Commitment to FX Global Code

The Reserve Bank of India has signed its renewed Statement of Commitment (SoC) to the FX Global Code (“Code”). The Code is a set of global principles of good practice in the FX market developed...

1 month agoEconomy News

Life Insurers see 6% rise in new premium collection in first five months of fiscal

India’s life insurers saw a 6% growth in new business premium in April- August 2025 compared to April-August 2024. Total collection came in at Rs 1.63 lakh crore compared to Rs 1.54 lakh cro...

1 month agoEconomy News

RBI issues directions to regulate payment aggregators

The Reserve Bank of India (RBI) has issued directions to regulate payment aggregators yesterday. As per the Reserve Bank of India (Regulation ...

1 month agoEconomy News

Kharif area up 1.36%, Paddy acreage gains 2%

According to the latest data from Union Ministry of Agriculture, total area under all kharif crops was marginally up at 1,110...

1 month agoEconomy News

India's total auto production at 26,93,049 units in August

The Society of Indian Automobile Manufacturers (SIAM) has released the vehicle data for August 2025. According to SIAM, the total production of Passenger Vehicles, Three Wheelers, T...

1 month agoEconomy News

Agriculture sector growing at impressive pace

Union Agriculture Minister Shivraj Singh Chouhan has stated that agriculture in the country is growing at 3.7%, the highest in the world, thanks to the ...

1 month agoEconomy News

Income Tax department extends ITR filing deadlne by one day

The income tax department has extended the ITR filing deadline by a day to September 16. The Central Board of Direct Taxes has decided ...

1 month agoEconomy News

GoI announces the sale of two dated securities for a notified amount of Rs 36,000 crore

The Government of India (GoI) has announced the sale (re-issue) of (i) “5.91% Government Security 2028” for a notified amo...

1 month agoEconomy News

India very focused on sustainability as the pillar of growth, says Piyush Goyal

Sustainability is non-negotiable in India’s growth journey, Union Minister of Commerce and Industry Piyush Goyal said while addressing the inaugu...

1 month agoEconomy News

India's exports up around 9% on year in Aug-25, imports slide 7%

India’s total exports (Merchandise and Services combined) for August 2025 are estimated at US$ 69.16 Billion, regist...

1 month agoEconomy News

India has surpassed Japan to become third-largest automobile market

Union Minister for Road Transport and Highways, Nitin Gadkari unveiled an ambitious roadmap to position India as the world’s leading hub for automobile manufacturing, green mobil...

1 month agoEconomy News

India's male unemployment rate hits a five-month low

Ministry of Statistics & Programme Implementation has stated that Unemployment Rate or UR among male of age 15 years and above has declined to 5.0% in August 2025, the lowest level observed ...

1 month agoEconomy News

Wholesale Price Index comes in at 0.52%, sharp slide noted in prices of Onion and Potato

The annual rate of inflation based on All India Wholesale Price Index (WPI) number is 0.52% (provisional) for the...

1 month agoEconomy News

India's vegetable oil imports up 7% on year in Aug-25

The Solvent Extractors’ Association of India (SEA) has compiled the import data for vegetable oils (edible & non-edible) for August 2025. I...

1 month agoEconomy News

OPEC says India’s crude oil imports drop to 22-month low in Jul-25, still expects firm oil product demand this year

OPEC stated in a latest monthly update that India's crude imports dropped to a 22-month low of 4.4 mb/d in July, amid tariff- and sanction-related uncertainties. Product i...

1 month agoEconomy News

SEBI provides relief to public listings of large companies

The SEBI in its board meeting approved the amendment to Securities Contracts (Regulation) Rules, 1957 relating to Minimum Public Offer ...

1 month agoEconomy News

Reserve Bank of India announces the auction of Government of India Treasury Bills

The Reserve Bank of India announces the auction of Government of India Treasury Bills of 91-Day for a notified a...

1 month agoEconomy News

SEBI slashes exit load cap on MFs from 5% to 3%

The SEBI approved proposals facilitating enhanced investor protection and financial inclusion in the mutual fund space. The SEBI in its boar...

1 month agoEconomy News

India's forex reserves up by $4.03 billion to $698.26 billion

India’s forex reserves were up by $4.03 billion to $698.2 6billion in week ending September 5, according to the data ...

1 month agoEconomy News

Consumer price inflation edges up from eight-year low

India’s consumer price index (CPI) inflation edged up from an eight-month low to 2.07% in August, data from Ministry of Sta...

1 month agoEconomy News

Net inflows into equity mutual funds slide 21% on month in Jul-25

The net equity Mutual Fund inflows dropped by 21% to Rs 33,430 crore, compared to Rs 42,702.35 crore in July, according to latest data released by AMFI. This marks the 54th consecutive month of posit...

1 month agoEconomy News

Food processing sector poised to witness greater consumer affordability

The Ministry of Food Processing Industries (MoFPI), in collaboration with the Confederation of Indian In...

1 month agoEconomy News

Ministry of Corporate Affairs widens scope of fast track mergers under Companies Act, 2013

Ministry of Corporate Affairs stated in a latest update that in order to facilitate ease of doing business and allow small compani...

1 month agoEconomy News

Currency in circulation up 2.1% this fiscal

The Reserve Bank of India (RBI) has reported that currency in circulation slipped 0.3% on the week to stand at Rs 38...

1 month agoEconomy News

Financial Stability and Development Council to improve financial sector resilience through inter-regulatory coordination

A meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC-SC) was held yesterday at the Reserve Ba...

1 month agoEconomy News

GST reforms to lower input costs benefitting manufacturing sector says PM

Prime Minister Narendra Modi has underscored the transformative impact of the latest GST reforms on India’s manufacturing sector. The #NextGenGST initiative introduces simplified tax slabs, st...

1 month agoEconomy News

UIDAI records 221 crore Aadhaar authentication transactions in August 2025, up 10% on year

Aadhaar number holders executed over 221 crore authentication transactions in August 2025, more than the previous month this year as well as the corr...

1 month agoEconomy News

Union minister Goyal urges industry to pass on GST rate cut benefits to consumers

The industry must pass on to consumers the full benefits of the GST rate reductions, the "biggest ever reform" since India's independe...

1 month agoEconomy News

SEBI Chair urges banks to strengthen internal controls and empower compliance officers

Tuhin Kanta Pandey, Chairman, SEBI, stated yesterday talked about the SEBI Prohibition of Insider Trading Regulations (PIT Regulations) and their specific implications for listed ba...

1 month agoEconomy News

GST rate rationalisation exercise is a landmark reform, says FICCI President

FICCI hails the landmark decisions taken at the 56th GST Council Meeting, marking a transformative step in India’s economic journey and ushering in next-generation...

1 month agoEconomy News

India and Germany see immense potential to scale up mutually beneficial co-operation in multiple areas

Prime Minister Narendra Modi met with German Foreign Minister Johann Wadephul. India and Germany are celebrating 25 years of Strategic Partnership...

1 month agoEconomy News

PM hails the GST Council for collectively agreeing to proposals submitted by the Union Government on GST rate cuts & reforms

Prime Minister Narendra Modi has expressed his happiness that the GST Council, comprising the Union and the States, has collectively agreed to the proposal...

1 month agoEconomy News

Government actively engaged in creating an enabling environment to help exporters navigate recent challenges

Union Minister of Commerce and Industry, Piyush Goyal, chaired a meeting with Export Promotion Councils (EPCs) and Industry Associations today to address rising global ta...

1 month agoEconomy News

Cabinet approves Rs 1500 crore scheme to boost recycling capacity for critical minerals

Union Cabinet on Wednesday approved Rs 1,500 crore incentive scheme to boost recycling capacity for extracting and producin...

1 month agoEconomy News

Government Extends Export Obligation Period from 6 months to 18 months for Chemical Products under Quality Control Orders

Ministry of Chemicals and Fertilizers stated today that chemical industry has warmly received a key decision by the Directorate General of Foreign ...

1 month agoEconomy News

India, UAE set target of $100 bn non-oil, non-precious metals trade goal by 2030

India and the United Arab Emirates are targeting $100 billion in trade by 2030, excluding oil and pre...

1 month agoEconomy News

GST collection up 6.5% on year in Aug-25

India collected a total of Rs 1.86 lakh crore as goods and services tax (GST) in August, 6.5% more than a year ago. However, it marked s...

1 month agoEconomy News

Government of India announces the sale of two dated securities for a notified amount of ₹25,000 crore

The Government of India (GoI) has announced the sale (re-issue) of (i) “6.28% Government Security 2032” for a...

1 month agoEconomy News

India's first quarter CAD narrows to 0.2% of GDP, Services exports rise: RBI

India's current account deficit (CAD) narrowed to 0.2 per cent of GDP, or USD 2.4 billion, during the April...

1 month agoEconomy News

India’s current account balance records deficit of 0.2% of GDP in Q1FY26

Reserve Bank of India (RBI) has stated that India’s current account balance recorded a deficit of US$ 2.4 billion (0.2 per cent of GDP) in Q1:2025-26 as compared with US$ 8...

1 month agoEconomy News

Oil marketing companies cut price of commercial LPG gas cylinders

Oil marketing companies (OMCs) have said that the price of commercial LPG gas cylinders will be reduced by Rs 51.50, effective September 1. Following the revision, a 19-kg commerc...

1 month agoEconomy News

Bank credit growth decelerates, Personal loans continue to grow faster than overall credit

Reserve Bank of India (RBI) stated in a latest update that Bank credit growth (y-o-y) decelerated to 9.9 per cent in June 2025 ...

1 month agoEconomy News

Bank deposits up 11.3% on year, term deposits soar 13.5%

Reserve Bank of India (RBI) stated in a latest update that bank deposits with Scheduled Commercial Banks or SCB’s registered a growth (y-o-y) of 11.3 per cent as at end-June 2025 as compared with...

1 month agoEconomy News

India's forex reserves dip US$ 4.4 billion

India's foreign exchange reserves dipped by USD 4.4 billion in the week that ended August 22 to USD 690.720 billion, driven largely ...

1 month agoEconomy News

IMD says rainfall in Septemberr expected to be more than 109% of the long period average

India Meteorological Department or IMD has stated in a latest update that monthly average rainfall over the country as a whole in September 2025 is most likely t...

1 month agoEconomy News

India manufacturing PMI moves up to 59.3 in August

Indian manufacturing growth gained further momentum in August, with ongoing improvements in demand continuing to underpin robust increases in factory orders...

1 month agoEconomy News

India-China underline need to expand bilateral trade and investment ties

Prime Minister Narendra Modi met with Mr. Xi Jinping, President of the People’s Republic of China, on the sidelines of the Summit of the leaders of the Sha...

1 month agoEconomy News

India’s real GDP growth clocks five-quarter high in Q1FY26, Government Final Consumption Expenditure bounces back

The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released the Quarterly Estimates of Gross Domestic Product (GDP) for the April-June Quarter (Q1) of...

1 month agoEconomy News

Prime Minister highlights success of India-Japan Special Strategic and Global Partnership

Prime Minister Narendra Modi and Prime Minister of Japan, H.E.Shigeru Ishiba attended the India-Japan...

1 month agoEconomy News

Mutual Fund investor accounts have grown nearly six times since Dec-14

An article published in latest RBI monthly update stated that the increasing interest in MFs can be gauged by the rise in the number of investor acc...

1 month agoEconomy News

RBI says environment conducive for holding up aggregate demand

Reserve Bank of India (RBI) stated in its latest monthly update that favourable rainfall and temperature condi...

1 month agoEconomy News

Indian economy remains resilient, consumer sentiments show improved optimism

Reserve Bank of India (RBI) stated in its latest monthly update that the Indian economy remained resilient...

1 month agoEconomy News