The Centre plans to offer a concessional corporate tax rate for new manufacturing units in Budget 2025-26 to boost investments and industrial growth.
The World Bank projects India's economy to expand by 6.7% annually in the next two fiscal years, highlighting strong domestic demand and infrastructure development as key growth drivers.
The RBI has updated FEMA regulations, enabling cross-border rupee transactions and empowering exporters with foreign currency accounts to promote INR's global acceptance.
Raghuram Rajan downplays concerns over the rupee's depreciation, attributing it to global dollar strength.
Indian travelers can now use UPI for seamless transactions at Dubai Duty Free outlets, enhancing shopping convenience.
Small Finance Banks in India face declining profitability due to rising funding and credit costs, with RoA projected at 1.4-1.6% for FY25.
In anticipation of the Union Budget 2025, the Confederation of Indian Industry (CII) has proposed a comprehensive 10-point plan aimed at improving the ease of doing business and fostering economic growth. These recommendations emphasize policy reforms, infrastructure development, and taxation simplifications to create a more conducive environment for businesses. Key
The Ministry of Finance is exploring a proposal to implement geotagging for all banking correspondents (BCs) across the country. This initiative aims to enhance the efficiency of financial inclusion efforts, ensuring better access to banking services in underserved areas. Enhancing Financial Inclusion Geotagging involves attaching geographical information to the locations
Bank of India is pursuing its first dollar-denominated syndicated loan in over a decade, aiming to raise $400 million to enhance its lending capabilities.
Economic experts are calling on the Reserve Bank of India (RBI) to implement a 0.25% rate cut in its upcoming February policy review to bolster economic growth and minimize potential sacrifices in India’s recovery momentum. Growth Risks from Delayed Rate Cuts India’s economy has shown resilience amidst global uncertainties, but experts caution that delaying a […]
