Economy National

RBI Directs Banks to Implement Swift 50 bps Rate Cuts for Customers

By BPN News Desk June 27, 2025

The Reserve Bank of India has issued a clear directive to all scheduled commercial banks, instructing them to promptly pass on the recent 50 basis points (bps) reduction in the repo rate to customers. The move comes in the wake of the RBI’s decision to lower the policy rate from 6.50% to 6.00%, and is […]

Economy National

GST Council Eyes Elimination of 12% Slab for Simpler Tax Regime

By BPN News Desk June 26, 2025

The GST Council is preparing for a significant overhaul of India’s tax structure by proposing the removal of the 12% tax slab in its upcoming 56th meeting, expected in late June or early July. The move is part of a larger effort to rationalise the GST framework, reduce classification disputes, and simplify compliance for businesses […]

Economy National

RBI: India’s Economy Steady Despite Global Headwinds

By BPN News Desk June 26, 2025

India’s economy remains on firm footing amid global uncertainties, according to the Reserve Bank of India’s June bulletin. With strong domestic demand, a healthy financial sector, and calibrated policy intervention, the nation is showing resilience even as external pressures rise. Stable Domestic Momentum High-frequency indicators for May 2025 reveal sustained robustness

Economy National

FDI Inflows Jump to $8.8 Billion in April, NRI Deposits Slow

By BPN News Desk June 26, 2025

India witnessed a robust surge in foreign direct investment (FDI) in April 2025, with inflows climbing to $8.8 billion—a 22% increase over the $7.2 billion recorded in the same month last year. The jump signals renewed investor confidence in India’s growth trajectory and has provided a crucial boost to the country’s foreign exchange reserves. The […]

Economy National

India Set to Outpace G7 Economies by 2030, Says Equirus

By BPN News Desk June 25, 2025

India is poised to become one of the world’s leading engines of economic growth, with a recent report projecting that it will contribute more than 15% of global GDP growth between 2025 and 2030. According to an analysis by wealth advisory firm Equirus, India is structurally better positioned than many of the G7 nations, thanks […]

Economy National

India to Become World’s Third-Largest Economy by 2027, Says Piyush Goyal

By BPN News Desk June 25, 2025

Union Commerce and Industry Minister Piyush Goyal recently stated that India is on track to become the world’s third-largest economy by 2027, a goal driven by sweeping economic reforms, robust infrastructure investment, and enhanced global competitiveness. Speaking at an industry event, he emphasized that “great economies are not built in calm waters,” underlining India’s

Economy National

80% of Middle-Class Indians May Outlive Their Retirement Savings

By BPN News Desk June 25, 2025

A staggering 80% of middle-class Indians are at risk of outliving their retirement savings, according to leading wealth advisor Mohit Beriwala. The warning underscores the growing financial vulnerability of India’s salaried population as they approach retirement with insufficient savings and no pension fallback. The Retirement Crisis Despite decades of earning, many

Economy National

Rupee Posts Biggest Single-Day Gain as Oil Prices Plunge

By BPN News Desk June 25, 2025

The Indian rupee recorded its strongest single-day rally in over a month on Tuesday, surging by nearly ₹0.78 as global crude oil prices dropped sharply following a ceasefire agreement between Iran and Israel. The relief in energy markets and improved investor sentiment pushed the rupee to close around ₹85.97–₹85.98 against the US dollar, a level […]

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