Brent crude stabilises near $91 a barrel following renewed US-Iran tensions and unresolved conflicts, potentially impacting global markets and India’s fuel costs amid ongoing volatility. Brent crude steadied on Tuesday at just under $91 a barrel, after a sharp move…
Union Commerce and Industry Minister Piyush Goyal discussed strategies to expand retail investment, attract global capital, and accelerate industrial corridor projects during meetings with Nippon Life India AMC and industry stakeholders. Union Commerce and Industry Minister Piyush Goyal met Sundeep…
India aims to become a developed nation by 2047 through ambitious economic expansion, inclusive job creation, skill development, healthcare improvements, and environmentally sustainable growth, as experts emphasise the necessity of extensive reforms beyond mere faster growth. India’s ambition to become…
Iraq’s finance ministry has signed an agreement with the Federal Board of Supreme Audit to accelerate tax reconciliations, aiming to increase non-oil revenues and enhance fiscal efficiency through digital tools and legal measures. Iraq’s finance ministry has agreed with the…
The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, seeks to enforce strict timelines and digital support to resolve delayed payments, potentially replicating the success of the Insolvency and Bankruptcy Code in transforming credit discipline in India’s MSME sector.…
India’s jobless rate for those aged 15 and above declined slightly to 5.1 per cent in July, driven by improved rural employment and increased female participation, signalling modest labour market recovery. India’s jobless rate for people aged 15 and above…
The PHD Chamber of Commerce and Industry and BSE Limited have partnered to help smaller businesses understand and utilise IPOs as a growth avenue, aiming to increase awareness and accessibility of capital-market funding for MSMEs across India. The PHD Chamber…
The IFC advocates for recognising creative sectors such as fashion, film, and sports as key drivers of employment and economic growth in developing countries, with targeted investments and policy support to unlock their full potential. Creative work is increasingly being…
ICRA has lowered its estimate for India’s April-June quarter to 7%, marking a four-quarter low as slower services-sector expansion and geopolitical tensions weigh on economic momentum, with outlooks hinting at further slowdown in the coming fiscal year. ICRA has cut…
SBI Research suggests that the Reserve Bank of India’s recent closure of the FCNR(B) swap window was not primarily influenced by hedging costs, despite expectations of substantial inflows and shifts in risk dynamics for investors. SBI Research has said the…
India experienced its fastest deposit growth since 2016, driven by foreign-currency inflows under the RBI’s special FCNR(B) swap scheme; however, this boost is expected to be temporary as banks rely more on domestic liabilities to sustain credit expansion. India’s bank…
Indian banks face a moderating credit growth in the latter half of FY27, as a shift towards market-linked funding and global uncertainties dampen lending momentum despite recent robust loan disbursements, according to CareEdge Ratings. India’s bank credit growth is set…
