The forex reserves rose $1.05 billion to reach $630.607 billion for the week ended January 31, according to the Reserve Bank of India (RBI) data.
The overall reserves had increased by $5.574 billion to $629.557 billion in the previous week. The forex reserves had increased to an all-time high of...
RBI Governor Sanjay Malhotra introduced a new ‘.bank.in’ internet domain for Indian banks and stricter authentication protocols for digital transactions on Friday, as part of his unveiling of the Monetary Policy.
“The Reserve Bank shall implement the bank.in exclusive internet domain for Indian banks,” Malhotra said.
In a bid to reduce...
The trade war between the US and China is expected to benefit Indian exporters in increasing their shipments to the American market, sources said.
They said the country was the fourth-largest gainer when the US imposed higher duties on Chinese goods during US President Donald Trump’s first tenure.
After coming to...
India and the UK are expected to resume the talks for the proposed free trade agreement from February 24, an official said.
The UK trade minister is likely to visit the national capital soon, the official said.
The talks for the proposed FTA began in January 2022. The 14th round of...
In a major announcement, Finance Minister Nirmala Sitharaman on Saturday said the government will introduce a new Income Tax Bill next week.
The new Income Tax Code will be announced next week, and the I-T Department will “trust first, scrutinise later”, the Finance Minister said while presenting the Budget 2025-26.
The...
India’s domestic economy remains steady amidst global uncertainties, driven by robust growth in the services sector, a rebound in agriculture, and the industrial sector picking up momentum on the back of rising private consumption, according to the Economic Survey tabled in Parliament on Friday.
As per the first advance estimates...
The Union Budget 2025-26 is expected to play a role in advancing India’s aim of becoming a $5 trillion economy by promoting policies focused on growth, equity, and efficiency. A pre-budget survey released on Wednesday indicated that economic confidence remains steady among businesses as India prepares for the upcoming...
Sri Lanka’s government has decided to renegotiate a power purchase agreement with India’s Adani Group for its wind power project. Responding to queries on the Adani project, Minister Nalinda Jayatissa clarified that the project has not been suspended, but steps are being taken to amend the prices to ensure...
The Indian aircraft maintenance, repair and overhaul (MRO)industry is expected to see a 50 per cent topline growth to Rs 4,500 crore in FY26 amid fresh demand triggered by airline operators’ expanding fleet size, ratings agency Crisill said on Monday.
The rating agency’s study based on three MRO operators,...
India continues to remain the bright spot globally, supported by its strong macro fundamentals and the government should focus on adherence to fiscal prudence and continue the fiscal consolidation path, a new report has suggested.
Nominal GDP growth for FY26 is expected at 10.2 per cent, “assuming a real GDP...
