BUSINESS
India offers a compelling growth opportunity for foreign banks, Says FM Sitharaman
Addressing the India-UK Investor Roundtable in London on Tuesday — when close to 60 delegates from pension funds, insurers, banks, and other players from the finance sector were present — Sitharaman outlined India's strategic priorities to promote sustainable growth and an investor-friendly environment.
RBI Lowers Repo Rate by 25 Basis Points, Adopts Accommodative Stance to Boost Growth
As part of the rate cut, the central bank has also changed its monetary policy stance from 'neutral' to 'accommodative' to boost liquidity and promote investment.
Tump's reciprocal tariffs, including 104% on China and 26% on India, kick in amid ongoing negotiations
India, hit with a 26% tariff, is one of the most severely affected countries under this new trade policy.
PLI Boost Propels India’s Smartphone Exports Past ₹2 Lakh Crore Mark in FY25
Taking to social media platform X, Vaishnaw termed the development as another milestone achieved through the government's production-linked incentive (PLI) scheme.
RBI’s Policy Easing Expected to Boost Credit Growth to 10.8% in FY26: Report
The credit rating agency noted some of the measures taken by the RBI that are likely to support this growth. These include lowering the repo rate, delaying proposed changes to the liquidity coverage ratio (LCR) framework, reversing higher risk weights on unsecured consumer loans and lending to non-banking financial companies (NBFCs), and further provisioning relief for infrastructure projects.
MUDRA has democratised India's financial system, Says PM Modi
Looking back at the genesis of the scheme, the Prime Minister revealed that his wide-ranging tours of the country as a "karyakarta" identified a compelling necessity to economically empower those who were left out of the formal banking system. This realization, he said, formed the basis of the MUDRA scheme, which was aimed at providing financial assistance to those who were earlier neglected.
China’s unfair trade practices behind global turmoil, Says Piyush Goyal
He stated that Beijing's development rested upon an aggregate of rigged pricing, subsidization under wraps, and labor arrangements that violate international trade laws.
Trump Warns of 50% Additional Tariffs on China, Doubling Duties Beyond Product Value
The new tariffs, which will become effective on April 9, 2025, would make the total U.S. tariffs on Chinese goods an eye-watering 104%, exceeding the products' actual value and posing concerns over the impact on American consumers.
PM Modi Hails 10 Years of Mudra Yojana: ‘Turning Dreams into Reality’
Reflecting on the inclusivity of the initiative, PM Modi expressed satisfaction that a significant portion of beneficiaries hail from underrepresented communities.
India Emerges as World’s 3rd Most Funded Fintech Startup Hub in Q1 2025
The surge in investment was primarily driven by late-stage funding, which saw a remarkable 47% jump—reaching $227 million during the January to March period—up from $154 million in the final quarter of 2024, as per insights from Tracxn, a prominent market intelligence firm.
Don't Miss
Advertisement