Finance

Former IMF Executive Director Advocates for Personal Tax Reductions in India

By Editor - News Desk January 28, 2025

Former Executive Director of the International Monetary Fund (IMF), Subhash Chandra Garg, has called for a reduction in personal income tax rates in India, emphasizing that the current tax burden on individuals is excessively high. He suggests that the government should prioritize tax relief for individuals over corporations, noting that while corporate tax rates have […]

Industry

Prime Minister Modi Emphasizes Domestic Value Addition in Manufacturing

By BPN News Desk January 28, 2025

Prime Minister Narendra Modi has expressed a firm stance against the longstanding practice of exporting raw materials from India only to import them back as finished products. He advocates for enhancing value addition within the country to bolster economic growth and self-reliance. Addressing a gathering of industry leaders and policymakers, Modi highlighted the economic

Trade

India’s Solar Module Exports to the U.S. Face Uncertainty Amid Policy Shifts

By BPN News Desk January 28, 2025

India's significant solar module exports to the U.S. in 2024 face potential challenges due to recent U.S. policy changes under President Trump's administration, prompting Indian manufacturers to explore alternative markets.

Finance

RBI Announces Measures to Inject ₹1.5 Lakh Crore into Banking System

By BPN News Desk January 28, 2025

The Reserve Bank of India unveils initiatives to infuse ₹1.5 lakh crore into the banking system, aiming to address liquidity deficits and stabilize interest rates.

Business Finance

RBI to Inject ₹60,000 Crore via OMO to Boost Liquidity

By BPN News Desk January 27, 2025

The Reserve Bank of India (RBI) has unveiled a significant measure to enhance liquidity in the financial system, announcing an Open Market Operation (OMO) worth ₹60,000 crore. This initiative is part of the central bank’s strategy to address liquidity concerns and support economic stability in the face of evolving domestic and global challenges. “Steps to […]

Business Industry

JSW Group to Invest ₹2,600 Crore in Copper Mines

By BPN News Desk January 27, 2025

In a significant move to strengthen India’s mineral resources sector, the JSW Group has announced an investment of ₹2,600 crore for the development of two copper mines. This initiative aligns with the company’s vision to enhance domestic copper production, reduce dependency on imports, and support India’s manufacturing and infrastructure sectors. “Major Step Toward

Business Finance

RBI Utilizes $77 Billion from Forex Reserves to Stabilize Rupee Amid Depreciation

By BPN News Desk January 27, 2025

The Reserve Bank of India (RBI) has deployed $77 billion from its foreign exchange reserves to stabilize the Indian rupee, which has witnessed a sharp depreciation in recent months. This move reflects the central bank’s efforts to manage volatility in the currency market and maintain investor confidence amid global economic challenges. “Sharp Rupee Depreciation

Business Trade

India’s Exports Achieve Record High Despite Global Trade Slowdown

By BPN News Desk January 27, 2025

India has defied global economic challenges to achieve a record high in exports, showcasing its resilience and adaptability in an environment marked by slowing global trade. The remarkable performance highlights the country’s ability to navigate economic headwinds while capitalizing on emerging opportunities in international markets. “India’s Export Performance Amid

Business Finance

Equity Mutual Fund Inflows Reach ₹4 Lakh Crore in 2024 Amid Market Volatility

By BPN News Desk January 26, 2025

The Indian mutual fund industry witnessed a remarkable year in 2024, with equity mutual fund inflows nearing ₹4 lakh crore. This surge reflects investor confidence despite intermittent market volatility. However, industry experts caution that 2025 could pose challenges due to heightened market fluctuations and global economic uncertainties. “Record-Breaking Inflows

Business Industry

India’s Service Sector Drives Economic Growth Toward $10 Trillion Goal

By BPN News Desk January 25, 2025

India’s economy is witnessing robust expansion, fueled by significant growth in its service sector and steady performance in manufacturing. According to recent data, the service sector’s strong momentum, coupled with a positive manufacturing Purchasing Managers’ Index (PMI), is propelling India closer to its ambitious goal of becoming a $10 trillion economy.