Economy National

IMF Highlights Resilience and Diversity in India’s Financial System

By BPN News Desk March 25, 2025

India’s financial system has been recognized for its resilience and diversity in a recent assessment by the International Monetary Fund (IMF). The report, part of the Financial Sector Assessment Program (FSAP), emphasized that India’s rapid economic expansion and strong crisis management measures have contributed significantly to the robustness of its financial

Economy National

Rupee Erases 2025 Losses Amid Strong Dollar Inflows

By BPN News Desk March 25, 2025

The Indian rupee has rebounded strongly, wiping out all its losses for the year 2025. On Monday, the rupee surged to a session high of 85.50 before settling at 85.6350 against the U.S. dollar, registering a 0.4% gain for the day. This recovery has been primarily driven by sustained dollar inflows from foreign financial institutions, […]

Economy National

Ajay Seth Appointed as India’s New Finance Secretary

By BPN News Desk March 25, 2025

Ajay Seth, a senior Indian Administrative Service (IAS) officer from the 1987 batch of the Karnataka cadre, has officially taken over as the new Finance Secretary of India. His appointment follows the transition of Tuhin Kanta Pandey, who recently assumed the role of chairperson at the Securities and Exchange Board of India (SEBI). The Appointments […]

Economy National

India’s Outward Foreign Direct Investment Surges in FY2024-25

By BPN News Desk March 24, 2025

India’s outward foreign direct investments (FDI) witnessed a sharp increase in the first ten months of FY2024-25, surpassing the total recorded in the entire previous fiscal year. Between April 2024 and January 2025, Indian companies and investors sent $20.2 billion abroad—an impressive 71% jump over the $11.8 billion recorded in all of FY2023-24. This surge […]

Economy National

Indian Rupee Strengthens to 85 per Dollar; Sensex Approaches 77,000 Mark

By BPN News Desk March 23, 2025

The Indian rupee appreciated sharply, reaching 85.97 against the U.S. dollar, marking its strongest level in over a month. This upward movement comes amid heavy foreign fund inflows and a reversal of speculative positions in favor of the rupee. The currency, which had previously touched 86.96, demonstrated a clear recovery in recent sessions. The strength […]

Economy National

Government Launches ₹1,500 Crore Incentive to Boost Low-Value BHIM-UPI Transactions

By BPN News Desk March 23, 2025

The government has introduced a ₹1,500 crore incentive scheme for the financial year 2024–25 aimed at promoting low-value digital transactions through BHIM-UPI. The scheme focuses on encouraging person-to-merchant (P2M) payments under ₹2,000, particularly benefiting small and micro businesses across the country. The initiative reflects the government’s ongoing commitment

Economy National

India’s GDP Doubles in a Decade, Set to Surpass Japan and Germany

By BPN News Desk March 22, 2025

India has achieved a major economic milestone, with its Gross Domestic Product (GDP) doubling in the past decade. From $2.1 trillion in 2015, the economy has surged to an estimated $4.3 trillion in 2025, reflecting a growth of 105%. This rapid expansion puts India on course to become the world’s third-largest economy, overtaking Japan in […]

Economy National

India’s Bio-Economy Soars to $165.7 Billion, Unveils New Initiatives

By BPN News Desk March 22, 2025

India’s bio-economy has experienced a remarkable 16-fold increase over the past decade, soaring from $10 billion in 2014 to an impressive $165.7 billion in 2024. This significant growth was highlighted by Union Minister Dr. Jitendra Singh during the BIRAC Foundation Day ceremony at the National Media Centre on March 21, 2025. Unveiling the India Bioeconomy […]

Economy National

India’s Forex Reserves Rise to $654.27 Billion as of March 14

By BPN News Desk March 21, 2025

India’s foreign exchange reserves increased by $305 million to reach $654.27 billion for the week ending March 14, 2025, according to official data released by the Reserve Bank of India (RBI). This uptick marks continued momentum in the country’s efforts to maintain a strong economic buffer amid global uncertainties. Breakdown of Forex Components The overall […]

Economy National

Parliament Session Highlights: Tax Reforms and Agricultural Initiatives

By BPN News Desk March 21, 2025

The Indian Parliament’s latest budget session on March 21, 2025, centered around key reforms aimed at easing the financial burden on individuals and revitalizing the agriculture sector. The government introduced significant changes to the income tax structure and launched several initiatives targeting farmers and rural growth. Tax Reforms for Middle-Class Relief One of the