Business Finance

UPI Transactions Reach ₹25.14 Lakh Crore in May

By BPN News Desk June 4, 2025

India’s digital payment ecosystem reached a new peak in May 2025, as Unified Payments Interface (UPI) transactions touched a record value of ₹25.14 lakh crore. This marks a significant milestone in the country’s shift toward a cashless economy, with more individuals and businesses embracing digital transactions at unprecedented levels. UPI Transactions May The month

Business Finance

RBI May Slash Repo Rate by 50 bps to Spur Credit Growth

By BPN News Desk June 3, 2025

The Reserve Bank of India is widely expected to implement a sharp 50 basis point cut in the benchmark repo rate during its upcoming monetary policy review on June 6. The projection, made by the Economic Research Department of the State Bank of India, marks a significant shift toward monetary easing aimed at reviving a […]

Business Finance

India’s GST Collections Hit Record ₹2.37 Lakh Crore in April

By BPN News Desk May 2, 2025

India’s Goods and Services Tax (GST) revenue hit a historic peak in April 2025, with collections soaring to ₹2.37 lakh crore. This marks a 12.6% year-on-year growth from April 2024 and represents the highest monthly GST collection since the system was launched in 2017. The surge was led by strong domestic consumption and robust imports, […]

Business Finance

RBI Empowers Minors Aged 10+ to Independently Operate Bank Accounts

By BPN News Desk April 22, 2025

In a major step towards promoting early financial literacy, the Reserve Bank of India (RBI) has allowed minors aged 10 years and above to independently open and operate their own savings and term deposit accounts. This progressive move aims to instill financial discipline and awareness among children at a younger age. Independent Access for Minors […]

Business Finance

Enforcement Directorate to Restitute ₹15,000 Crore to Fraud Victims in 2025-26

By BPN News Desk April 21, 2025

In a significant move aimed at bolstering financial justice, the Enforcement Directorate (ED) has announced plans to restitute ₹15,000 crore worth of assets to victims of financial fraud during the fiscal year 2025-26. This initiative underscores the agency’s commitment to returning ill-gotten gains to those adversely affected by economic crimes. ED Asset Restitution

Business Finance

CBIC Launches Crackdown on Suspicious GST Registrations, Strengthens Indirect Tax Enforcement

By BPN News Desk April 19, 2025

The Central Board of Indirect Taxes and Customs (CBIC) has launched a nationwide crackdown on suspicious GST registrations and non-compliant taxpayers in a renewed push to curb tax evasion and improve the integrity of India’s indirect tax system. The move comes amid rising concerns over the misuse of fake invoices and fraudulent input tax credit […]

Business Finance

Centre Clarifies: No GST on UPI Payments, Digital Transactions Remain Tax-Free

By BPN News Desk April 19, 2025

The Central government has officially clarified that there is no Goods and Services Tax (GST) levied on Unified Payments Interface (UPI) transactions or any other form of digital payments. This statement comes in response to widespread confusion and social media rumors claiming that UPI payments could soon attract indirect taxes. The clarification was issued by […]

Business Finance

India Allows Bad Loan Securitisation to Deepen Junk Debt Market

By BPN News Desk April 17, 2025

In a bold regulatory shift, India has introduced a framework allowing the securitisation of bad loans, aiming to deepen its junk debt market and attract new investor participation. This move marks a significant development in the country’s ongoing strategy to manage its massive pool of non-performing assets (NPAs) while revitalizing debt markets. What the New […]

Business Finance

Higher GST on Hotel Dining: Impact on Consumers and Industry

By BPN News Desk April 9, 2025

Starting April 1, 2025, a new Goods and Services Tax (GST) structure will come into effect for restaurant services offered within hotels. Under the revised system, hotels with room tariffs exceeding ₹7,500 per night will charge 18% GST on food and beverage services, but will also be allowed to claim Input Tax Credit (ITC). This […]

Business Finance

Rising Debt Levels Among India’s Middle Class: A Growing Concern

By BPN News Desk April 7, 2025

India’s middle class is increasingly falling into a debt trap, with a growing number of households relying on loans not just for investments or emergencies, but for daily survival. Approximately two-thirds of middle-income families have taken personal loans, many juggling multiple high-ticket credit liabilities such as credit cards, BNPL schemes, and unsecured EMIs. This