Finance, Banking & Insurance
Finance, Banking & Insurance
Finance Minister Nirmala Sitharaman will meet with State Finance Ministers on December 21-22 for pre-budget consultations and the Goods and Services Tax (GST) Council meeting. The Council is expected to discuss the proposed exemption or reduced GST rates on health and life insurance, following recent recommendations to exempt premiums on
by Amal AnzariThe Reserve Bank of India (RBI), in consultation with the Government of India and the Securities and Exchange Board of India (SEBI), has issued rules for Foreign Portfolio Investors (FPIs) whose stakes in Indian companies surpass 10%. Under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, FPIs breaching this threshold
by Amal AnzariIn October 2024, foreign institutional investors (FIIs) sold banks and other financial equities worth roughly ₹26,139 crore ($3.15 billion), withdrawing ₹1,13,859 crore ($13.72 billion) from India's secondary market. According to the National Securities Depository Limited (NSDL) statistics, oil and gas stocks valued at
by Daanish NarayanMadhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), failed to appear before the KC Venugopal-led Public Accounts Committee (PAC) citing personal reasons. The committee was adjourned following her absence. The BJP members who had earlier questioned Venugopal’s decision to summon her, met Lok
by Daanish NarayanInternational investors have taken out ₹81,000 crore ($962 million) from the Indian equity market so far in October, which is the most in a month. The recent risk-off mentality among international fund managers has been heightened by concerns about market valuations following a downturn in earnings and a resurgence
by Daanish NarayanThe Reserve Bank of India (RBI) Governor, Shaktikanta Das, said RBI could consider widening the scope of the Real Time Gross Settlement System (RTGS) to the settlement of transactions in US dollars, euros and pound sterling.
by Amal AnzariBI Governor Das cautioned non-banking financial companies (NBFCs) against using unsustainable strategies to drive growth. He urged NBFCs, including microfinance institutions (MFIs) and housing finance companies (HFCs), to prioritise sustainable goals, risk management, and customer satisfaction, while maintaining a “compliance-first” culture.
by Amal AnzariThe Reserve Bank of India (RBI) shifts monetary policy stance to neutral. Repo rate unchanged at 6.5%, brings relief to lenders.
by Daanish NarayanFinance Minister Nirmala Sitharaman will meet with State Finance Ministers on December 21-22 for pre-budget consultations and the Goods and Services Tax (GST) Council meeting. The Council is expected to discuss the proposed exemption or reduced GST rates on health and life insurance, following recent recommendations to exempt premiums on
by Amal AnzariFinance Minister Nirmala Sitharaman will meet with State Finance Ministers on December 21-22 for pre-budget consultations and the Goods and Services Tax (GST) Council meeting. The Council is expected to discuss the proposed exemption or reduced GST rates on health and life insurance, following recent recommendations to exempt premiums on
by Amal AnzariThe Reserve Bank of India (RBI), in consultation with the Government of India and the Securities and Exchange Board of India (SEBI), has issued rules for Foreign Portfolio Investors (FPIs) whose stakes in Indian companies surpass 10%. Under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, FPIs breaching this threshold
by Amal AnzariIn October 2024, foreign institutional investors (FIIs) sold banks and other financial equities worth roughly ₹26,139 crore ($3.15 billion), withdrawing ₹1,13,859 crore ($13.72 billion) from India's secondary market. According to the National Securities Depository Limited (NSDL) statistics, oil and gas stocks valued at
by Daanish NarayanMadhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), failed to appear before the KC Venugopal-led Public Accounts Committee (PAC) citing personal reasons. The committee was adjourned following her absence. The BJP members who had earlier questioned Venugopal’s decision to summon her, met Lok
by Daanish NarayanInternational investors have taken out ₹81,000 crore ($962 million) from the Indian equity market so far in October, which is the most in a month. The recent risk-off mentality among international fund managers has been heightened by concerns about market valuations following a downturn in earnings and a resurgence
by Daanish NarayanThe Reserve Bank of India (RBI) Governor, Shaktikanta Das, said RBI could consider widening the scope of the Real Time Gross Settlement System (RTGS) to the settlement of transactions in US dollars, euros and pound sterling.
by Amal AnzariBI Governor Das cautioned non-banking financial companies (NBFCs) against using unsustainable strategies to drive growth. He urged NBFCs, including microfinance institutions (MFIs) and housing finance companies (HFCs), to prioritise sustainable goals, risk management, and customer satisfaction, while maintaining a “compliance-first” culture.
by Amal AnzariThe Reserve Bank of India (RBI) shifts monetary policy stance to neutral. Repo rate unchanged at 6.5%, brings relief to lenders.
by Daanish NarayanHighlights include conflicting views on the repo rate cut, the Reliance-Disney merger, ISRO's proposal to Mexico and views from columnists on the violence in Manipur.
by Daanish NarayanIn line with Prime Minister Narendra Modi's vision to expand national connectivity, Civil Aviation Minister Kinjarapu Rammohan Naidu announced plans to introduce seaplanes to reach remote areas across India, including the North East. During an aviation conference at Meghalaya’s Umiam Lake, Naidu took a test ride on
by Amal AnzariIndia's goods exports rose by 17.25% to $39.2 billion in October, marking the highest monthly tally in recent times, while imports reached $66.34 billion, a 3.9% increase from last year. From April to October, non-petroleum exports set a new high at $211.3 billion,
by Amal AnzariReserve Bank of India (RBI) Governor Shaktikanta Das shared an optimistic view on India's economic resilience, despite global challenges like inflation and geopolitical tensions. Das highlighted the RBI’s measures, including a robust regulatory framework and responsive policy shifts, to address emerging risks. He pointed to improved inflation
by Amal AnzariHighlights include the inauguration of projects by the PM, India's push for nuclear power, the rise in renewable energy capacity and views from columnists on the Maharashtra state elections.
by Daanish NarayanThe United States remains the top importer of Indian engineering goods, purchasing $9.3 billion (up 6.2%) from April to September, according to data from the Engineering Export Promotion Council (EEPC). The United Arab Emirates (UAE), benefitting from a Free Trade Agreement with India, secured the second spot with
by Amal AnzariSweden’s Ambassador to India, Jan Thesleff, announced that four Swedish companies, including IKEA, are considering establishing bases in Tamil Nadu. Currently, 70 Swedish firms operate in the State, employing around 25,000 people. Other Swedish companies, such as Scandinavian Robot Systems in Chennai and Jacobi in Coimbatore, will open
by Amal AnzariVoting concluded for 31 Assembly seats across 10 states, with significant voter turnout. Kerala’s Wayanad Lok Sabha bypoll, featuring Priyanka Gandhi Vadra’s debut, recorded 64.27% turnout, lower than the previous 72.92%. Rajasthan's seven Assembly constituencies saw a turnout of 64.82%. Karnataka recorded the
by Amal AnzariHighlights include conflicting views on the repo rate cut, the Reliance-Disney merger, ISRO's proposal to Mexico and views from columnists on the violence in Manipur.
In line with Prime Minister Narendra Modi's vision to expand national connectivity, Civil Aviation Minister Kinjarapu Rammohan Naidu announced plans to introduce seaplanes to reach remote areas across India, including the North East. During an aviation conference at Meghalaya’s Umiam Lake, Naidu took a test ride on
India's goods exports rose by 17.25% to $39.2 billion in October, marking the highest monthly tally in recent times, while imports reached $66.34 billion, a 3.9% increase from last year. From April to October, non-petroleum exports set a new high at $211.3 billion,
Reserve Bank of India (RBI) Governor Shaktikanta Das shared an optimistic view on India's economic resilience, despite global challenges like inflation and geopolitical tensions. Das highlighted the RBI’s measures, including a robust regulatory framework and responsive policy shifts, to address emerging risks. He pointed to improved inflation
Highlights include the inauguration of projects by the PM, India's push for nuclear power, the rise in renewable energy capacity and views from columnists on the Maharashtra state elections.
The United States remains the top importer of Indian engineering goods, purchasing $9.3 billion (up 6.2%) from April to September, according to data from the Engineering Export Promotion Council (EEPC). The United Arab Emirates (UAE), benefitting from a Free Trade Agreement with India, secured the second spot with
Sweden’s Ambassador to India, Jan Thesleff, announced that four Swedish companies, including IKEA, are considering establishing bases in Tamil Nadu. Currently, 70 Swedish firms operate in the State, employing around 25,000 people. Other Swedish companies, such as Scandinavian Robot Systems in Chennai and Jacobi in Coimbatore, will open
Voting concluded for 31 Assembly seats across 10 states, with significant voter turnout. Kerala’s Wayanad Lok Sabha bypoll, featuring Priyanka Gandhi Vadra’s debut, recorded 64.27% turnout, lower than the previous 72.92%. Rajasthan's seven Assembly constituencies saw a turnout of 64.82%. Karnataka recorded the