Category: Politics

Donald Trump’s frenzied second term enters a crucial stretch in the coming weeks as the president juggles a fragile ceasefire between Israel and Iran, a discordant party that he needs to pass his top legislative priority and a global economy on tenterhooks awaiting his next move on tariffs. Trump is up against a self-imposed July 4 […]

Mumbai, The market timings for call money will be extended by two hours to 7 pm with effect from July 1, the Reserve Bank of India said on Wednesday. The Reserve Bank of India (RBI) had set up the Working Group under Chairperson of Radha Shyam Ratho to undertake a comprehensive review of trading and settlement […]

By Dharamraj Dhutia MUMBAI -The Indian central bank’s decision to withdraw surplus liquidity from the banking system just weeks after a large rate cut and cash boosting measures has prompted an uptick in money market rates which may continue in the coming days, traders said. The Reserve Bank of India will conduct a seven-day variable rate […]

New Delhi, India is well on track to achieve a $5 trillion economy and the expectation is to reach this milestone within the next three years, Commerce and Industry Minister Piyush Goyal has stressed. By 2027, “we hope to become the third largest economy in the world,” he said, adding that all stakeholders – government, business […]

M Nagaraju, Secretary, Department of Financial Services Emphasising the government’s commitment to export-led growth, Secretary, Department of Financial Services (DFS), M. Nagaraju on Tuesday highlighted the key components of the Export Promotion Mission at the Exim Bank Trade Conclave 2025, held in New Delhi. Speaking at the event, Nagaraju said the mission, with clearly defined sectoral […]

NEW DELHI: Fiscal leakage and erroneous or duplicate beneficiary records drain budgets, inflating welfare outlays by an estimated 4-7% annually, a report released by Niti Aayog on Tuesday said, stressing the urgent need for robust data quality to fortify digital governance, build public trust, and ensure efficient service delivery. The report, titled “India’s Data Imperative: The […]

RBI’s revised PSL norms to unlock Rs 41,000 crore for small finance banks, aid portfolio diversification The Reserve Bank of India’s (RBI) decision to reduce the priority sector lending (PSL) requirement for Small Finance Banks (SFBs) from 75% to 60% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent of Off-Balance Sheet Exposures (CEOBE), whichever is […]

Mumbai, June 24 (IANS) Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, on Tuesday, gave its approval for the draft bill to amend the Maharashtra Goods and Services Tax Act 2017 and its introduction in the upcoming monsoon session of the legislature. Mumbai, Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, on Tuesday, gave its approval […]

The import duty rate cut on gold from 15 per cent to 6 per cent has seemingly brought down unofficial gold imports, as evident from an increase in official gold bullion imports by 8 per cent in FY2025 despite the overall demand remaining flat (sales of 782 tonnes of gold jewellery/ bullion/ bars in FY2025 as […]

The Central Board of Indirect Taxes and Customs (CBIC) has extended the validity of no objection certificate (NOC) for imported alcoholic beverages bottled at origin or in bulk with more than 10% alcohol content. The move follows a June 13 order by the Food Safety and Standards Authority of India clarifying that such consignments without an […]