RBI may reduce forex interventions to allow rupee depreciation, boosting export competitiveness.
In a surprising development, jailed conman Sukesh Chandrasekhar has written to Finance Minister Nirmala Sitharaman, seeking permission to declare an overseas income of $2.7 billion. Chandrasekhar, who is currently in prison for multiple fraud cases, expressed his willingness to pay taxes on the declared amount, aiming to comply with Indian tax regulations. Chandrasekhar’s
India's direct tax collections for FY2024-25 exceed budget estimates by ₹73,000-83,000 crore, though tax buoyancy shows a decline.
Foreign portfolio investors (FPIs) have pulled out ₹22,194 crore from Indian equities in January 2025, marking a significant outflow attributed to a weak corporate earnings outlook and the strengthening of the US dollar. The large-scale withdrawal reflects investor caution amid global and domestic uncertainties impacting the equity markets. Weak Earnings and Global
India's forex reserves fall by $5.69 billion, reaching $634.58 billion.
For the first time in India’s financial history, monthly inflows into mutual fund Systematic Investment Plans (SIPs) have surpassed the ₹26,000 crore mark. This milestone reflects growing investor confidence in equity markets and the increasing popularity of SIPs as a disciplined investment tool. Record-Breaking SIP Inflows In December 2024, mutual fund SIP inflows reached
The Indian rupee is poised for further depreciation, potentially breaching the 90-per-dollar mark, as the Reserve Bank of India (RBI) appears to ease its long-standing intervention strategy in the forex market. The shift comes amid evolving global economic conditions and rising concerns over India’s trade deficit and inflation. RBI’s Changing Forex Strategy
RBI lifts curbs on certain NBFCs after enhanced regulatory compliance.
RBI requires banks to provide fixed interest rate loan options to customers.
In a significant decision, the Supreme Court of India has stayed GST notices amounting to over ₹1 lakh crore issued to several online gaming firms for alleged tax evasion. The court’s interim relief comes as a major reprieve for the industry, which has been under scrutiny for its taxation practices. GST Notices Target Online Gaming […]
