Trade

India’s Agricultural Exports Achieve Historic Milestones Under Modi Government

By BPN News Desk February 23, 2025

Under Prime Minister Narendra Modi’s administration, India’s agricultural exports have experienced a significant surge, with several products entering international markets for the first time. This expansion not only showcases the country’s diverse agricultural capabilities but also aligns with the government’s vision of ‘Aatmanirbhar

Finance

RBI’s New Communication Norms May Impact Debt Recovery Processes

By BPN News Desk February 23, 2025

The Reserve Bank of India’s (RBI) recent directive to formalize communication channels between financial institutions and customers has sparked a debate among industry experts. On January 17, 2025, the RBI mandated that all transactional calls from banks, mutual funds, and other financial service providers must utilize the ‘160’ number series, while

Trade

India and U.S. Nearing Comprehensive Trade Agreement: Piyush Goyal

By Editor - News Desk February 23, 2025

Union Commerce and Industry Minister Piyush Goyal has announced that India and the United States are on the verge of finalizing a comprehensive bilateral trade agreement, which he described as the “mother of all deals.” Speaking at the Invest Kerala Global Summit (IKGS) on February 21, 2025, Goyal expressed optimism about the forthcoming negotiations with […]

Business Industry

L&T Wins $2.9 Billion Saudi Aramco Contract for Gas Expansion

By BPN News Desk February 23, 2025

Larsen & Toubro (L&T), one of India’s leading engineering and construction firms, has secured a major contract worth $2.9 billion from Saudi Aramco. The project is part of Saudi Arabia’s broader initiative to enhance its natural gas infrastructure, with L&T being entrusted with the expansion of the Jafoor unconventional gas development project. The

Business Industry

ED Imposes ₹3.44 Crore Penalty on BBC India for FEMA Violations

By BPN News Desk February 22, 2025

The Enforcement Directorate (ED) has levied a penalty of ₹3.44 crore on BBC India for contraventions of the Foreign Exchange Management Act (FEMA). Additionally, three directors have each been fined ₹1.14 crore for their involvement in the violations. Background of the Investigation The ED initiated its investigation into BBC India in April 2023, following searches […]

Business Industry

India’s Quick Commerce Sector Set for 75-100% Annual Growth

By BPN News Desk February 22, 2025

India’s quick commerce industry is poised for remarkable expansion, with projections indicating a 75-100% year-on-year growth, significantly outpacing traditional retail sectors. This surge is driven by the increasing consumer demand for rapid delivery services and the strategic investments by key industry players. Rapid Growth of Quick Commerce in India The quick

Business Finance

Bank of India CEO Advocates for Reduced Government Stakes

By BPN News Desk February 22, 2025

In a recent address at the ‘IIMK-NSE Annual Conference on Macroeconomics, Banking & Finance’, Rajneesh Karnatak, the Managing Director and Chief Executive Officer of Bank of India, proposed that the government consider reducing its equity holdings in public sector banks (PSBs) to accommodate the growing capital requirements of an expanding economy.

Finance

RBI Survey Highlights Cash Preference Among Indian Farmers Amidst Digital Payment Growth

By BPN News Desk February 21, 2025

A recent survey by the Reserve Bank of India (RBI) reveals that cash remains the primary mode of transaction among Indian farmers, even as digital payment methods gain traction nationwide. The study indicates that while digital payments have seen significant growth, cash continues to be the favored instrument for agricultural transactions. Digital Payment Adoption on […]

Business Industry

Uday Kotak Urges Young Entrepreneurs to Build Businesses Over Trading

By BPN News Desk February 21, 2025

At the recent Chasing Growth 2025 investor event, Uday Kotak, Founder of Kotak Mahindra Bank, highlighted a concerning trend among young entrepreneurs in India. He observed that many are opting to manage family investments, engaging in stock and mutual fund trading, rather than building operational businesses. This shift, according to Kotak, indicates a decline in […]

Business Finance

India Considers GST Hike on Tobacco Products Post Compensation Cess

By BPN News Desk February 20, 2025

The Indian government is evaluating a proposal to increase the Goods and Services Tax (GST) on tobacco products, including cigarettes, following the scheduled conclusion of the compensation cess in March 2026. This initiative aims to maintain consistent tax revenue from the tobacco sector after the cessation of the compensation cess. Maintaining Revenue Post-Cess The