Category: Economy

Addressing the SBI Banking & Economics Conclave, RBI Governor Sanjay Malhotra said financial stability remains the central bank’s “north star” even as India’s banking system adapts to rapid technological change. Tracing a decade of reforms that strengthened banks and restored resilience, he stressed the need for calibrated regulation that balances innovation, efficiency, and systemic safety…

Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level. The governor’s statement came at a time when the rupee breached the 90-mark against the US dollar, and is hovering…

New Delhi: A sliding rupee is not a weak rupee even as it breaches the psychological barrier of 90 per US dollar, but it is expected to recover with a trade deal likely to be completed before March 2026, a report said. Russian President Vladimir Putin will visit India this week for a summit with…

The Indian rupee has depreciated steadily from ₹3.30 per USD in 1947 to about ₹90 in 2025, reflecting decades of economic transformation, rising import dependency, global financial pressures, inflation cycles, and the strengthening of the US dollar. This long-term trend highlights India’s evolving role in global trade—bringing both opportunities and challenges.

Income Tax Notice: After filing their Income Tax Return (ITR), people often receive a notice from the Income Tax Department. The department sends eight types of notices for different reasons. Let’s explore the meaning of each notice. Income Tax Notice: All eligible citizens are required to file their income tax returns. Taxpayers sometimes receive a…

Union Finance Minister Nirmala Sitharaman unveiled the Foreign Currency Settlement System (FCSS) at GIFT City during the Global Fintech Fest 2025. The new system enables real-time settlement of forex trades, cutting delays of up to 48 hours, and places India alongside hubs like Hong Kong and Tokyo.

The World Bank raised India’s FY26 GDP forecast to 6.5% from 6.3%, citing strong consumption and GST reforms, while lowering FY27 to 6.3% due to higher US tariffs on exports. Despite external headwinds, India is expected to remain the world’s fastest-growing major economy and the largest source of future energy demand.

The DA rate for PSU employees has been revised to 51.80% for October–December 2025, up from 49.00% in the previous quarter. Based on CPI-IW data released by the Ministry of Labour and Employment, this hike reflects a 2.80% increase, boosting employee pay packets.

New Delhi: NITI Aayog CEO B.V.R. Subrahmanyam on Friday released the first working paper on tax policy, stressing that a stable, certain, and predictable tax system is critical for boosting investment, creating jobs, and driving India’s economic growth. Speaking at the release, Subrahmanyam said that uncertainty in tax laws discourages businesses and investors. “Uncertainty is…

Gold surged near $3,900 per ounce in 2025, supported by central bank purchases and geopolitical uncertainty. The World Gold Council reported global official holdings at 36,359 tonnes in July 2025, with the U.S. leading at 8,133 tonnes. India, ranked 9th, added 3.8 tonnes this year, while China extended its buying streak past 2,300 tonnes.