Economy National

Sitharaman Champions Simpler, Taxpayer‑Friendly Compliance

By BPN News Desk June 25, 2025

Finance Minister Nirmala Sitharaman has urged a transformation of India’s tax framework into one that is more taxpayer‑friendly, transparent, and efficient. Speaking to officials from both the direct and indirect tax departments in New Delhi on June 24, 2025, she underscored the importance of fostering a compliance environment based on trust rather than enforcement. Tax

Economy National

S&P Lifts India’s FY26 GDP Outlook to 6.5%

By BPN News Desk June 24, 2025

India’s economic trajectory has received a major boost with S&P Global Ratings revising its GDP growth forecast for FY2025–26 to 6.5%, up from earlier projections. The upgrade reflects growing optimism over India’s domestic economic stability, even as the global economic environment remains volatile. Strong Domestic Demand Fuels Growth S&P cited a combination of

Economy National

Rupee Nears ₹87 Amid Oil Surge, Global Unrest

By BPN News Desk June 23, 2025

The Indian rupee is once again under strain, flirting with the ₹87 per dollar mark amid a turbulent mix of global geopolitical tensions and sharply rising crude oil prices. Market analysts are cautioning that the domestic currency may soon breach this level unless stabilizing factors emerge quickly. Rupee Volatility Driven by Global Demand The demand […]

Economy National

India Nears Major Oil Find in Andaman, Says Minister Puri

By BPN News Desk June 17, 2025

India is on the cusp of a potentially massive oil discovery in the Andaman Sea, which could unlock a hydrocarbon reserve worth approximately ₹2 lakh crore, according to Union Petroleum and Natural Gas Minister Hardeep Singh Puri. Describing the scale of the find as comparable to the recent discoveries in Guyana, the minister suggested that […]

Economy National

Maharashtra, Karnataka Draw 51% of India’s FDI in FY25

By BPN News Desk June 10, 2025

 India’s foreign direct investment (FDI) landscape saw a significant upswing in FY25, reaching a three-year high of USD 81.04 billion. In a trend that underscores the centralisation of foreign investment, Maharashtra and Karnataka together accounted for more than half of the total inflows, collectively drawing 51% of the national FDI pie. FDI inflows surge in […]

Economy National

India’s Extreme Poverty Rate Falls to 5.3%: World Bank

By BPN News Desk June 7, 2025

India has recorded a major achievement in poverty alleviation, with its extreme poverty rate falling dramatically from 27.1% in 2011–12 to just 5.3% in 2022–23. According to the World Bank, this translates to nearly 269 million people being lifted out of extreme poverty over an 11-year period. This progress comes despite a revised global poverty […]

Economy National

RBI Unleashes Jumbo Rate Cut, Injects ₹2.5 Lakh Crore Liquidity

By BPN News Desk June 6, 2025

In a decisive move to stimulate economic growth, the Reserve Bank of India (RBI) has implemented a substantial 50 basis point reduction in the repo rate, bringing it down to 5.5%. Concurrently, the Cash Reserve Ratio (CRR) has been slashed by 100 basis points to 3%, a measure expected to infuse approximately ₹2.5 lakh crore […]

Economy National

India’s Economic Ascent Recognized by WEF Chief

By BPN News Desk June 6, 2025

India’s economic trajectory has once again drawn global attention, with Børge Brende, the President and CEO of the World Economic Forum (WEF), describing the country as a standout performer among the world’s major economies. He praised India’s resilience and pace of expansion, stating: “Of the largest economies of the world, India is the bright spot. […]

Economy National

FPIs Pull ₹25,544 Cr from G-Secs Despite Index Inclusion

By BPN News Desk June 4, 2025

Foreign Portfolio Investors (FPIs) have withdrawn ₹25,544 crore from Indian government securities under the Fully Accessible Route (FAR) in the first quarter of FY26. This sharp sell-off comes at a time when Indian bonds are gaining recognition globally through their inclusion in key emerging market bond indices. The withdrawal marks the first major outflow since […]

Economy National

RBI Says 98.26% of ₹2000 Notes Returned After Withdrawal

By BPN News Desk June 3, 2025

The Reserve Bank of India (RBI) has confirmed that 98.26% of ₹2000 denomination banknotes have been returned to the banking system, nearly two years after their withdrawal was announced in May 2023. From a peak circulation of ₹3.56 lakh crore, only ₹6,181 crore worth of ₹2000 notes remained in circulation as of 31 May 2025. […]