New Delhi, Aug 5 (KNN) The Reserve Bank of India’s Monetary Policy Committee (MPC) has kept the policy repo rate unchanged at 5.25 percent and retained its neutral stance, with PHD Chamber of Commerce and Industry (PHDCCI) terming the decision supportive of economic growth. RBI Keeps Repo Rate Unchanged AtContinue Reading
New Delhi, Aug 5 (KNN) India’s private consumption is projected to reach nearly USD 1.9 trillion by 2030, driven by rising disposable incomes, urbanisation, a growing middle class, expanding internet penetration and a strong digital payments ecosystem, according to a FICCI-Deloitte report. India’s Private Consumption Seen Near USD 1.9 TrillionContinue Reading
New Delhi, Aug 5 (KNN) The Union Finance Ministry has proposed amendments to the Payment and Settlement Systems Act, 2007, which could allow the reintroduction of Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions for select categories, particularly large merchants. The move is seen as an initial stepContinue Reading
New Delhi, Aug 5 (KNN) The government on Tuesday introduced the Taxation and Other Laws (Amendment) Bill, 2026, in the Lok Sabha, proposing a series of tax and regulatory changes aimed at attracting foreign investment, strengthening domestic manufacturing and improving ease of doing business. The Bill, introduced by Finance MinisterContinue Reading
New Delhi, Aug 5 (KNN) The Reserve Bank of India (RBI) on Wednesday announced a set of regulatory measures, including the resumption of licensing for Urban Co-operative Banks (UCBs) on an ‘on-tap’ basis, ending a pause of nearly two decades. The decision follows stakeholder feedback on a discussion paper issuedContinue Reading
New Delhi, Aug 5 (KNN) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India’s strong macroeconomic fundamentals and a manageable current account deficit (CAD) will help cushion global shocks, including West Asia tensions and crude price volatility. Speaking to ANI at the post-Monetary Policy Committee (MPC) pressContinue Reading
New Delhi, Aug 5 (KNN) The government has undertaken a series of reforms to improve the ease of doing business, reduce regulatory compliance and strengthen India’s export ecosystem, Commerce and Industry Minister Piyush Goyal said in the Lok Sabha. Government Pushes Deregulation To Improve Ease Of Doing Business The measuresContinue Reading
