Economy National
Indian banks have formally requested the Reserve Bank of India (RBI) to reinstate the daily overnight borrowing window as a means to improve day-to-day liquidity management. The demand comes amid growing challenges in managing cash flows efficiently under the current liquidity framework, which is centered on 14-day variable rate repo operations. Banks Cite Operational
Business Industry
The Indian government will continue intervening in domestic fuel pricing to protect consumers from global oil market volatility, according to the head of Reliance-BP’s fuel retail business. Despite past efforts to deregulate petrol and diesel—petrol in 2010 and diesel in 2014—recent global disruptions have led to renewed state control over prices at the pump. This […]
International
Prime Minister Narendra Modi held a high-level meeting with Bangladesh’s Chief Adviser Muhammad Yunus on the sidelines of the BIMSTEC summit in Bangkok. This was their first official interaction since Sheikh Hasina’s government was ousted in August 2024. At the center of the talks was India’s concern over attacks on minority communities in Bangladesh and […]
Infrastructure National
In a significant move to enhance transportation infrastructure, the Union Cabinet has approved the construction of additional railway lines across the states of Chhattisgarh, Maharashtra, and Odisha. This decision is part of a broader initiative to improve connectivity, facilitate the movement of goods and passengers, and stimulate economic development in these regions.​