Reserve Bank Governor Sanjay Malhotra stated that the value of the rupee against the US dollar is determined by market forces, with the central bank focusing on the currency’s medium to long-term value. Additionally, the Union Cabinet has approved a…
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The RBI cut the repo rate by 25 bps to 6.25%, its first reduction since May 2020 under Governor Sanjay Malhotra. It also raised the FY26 GDP forecast to 6.7% and set inflation at 4.2%. Industry leaders across banking, finance,…
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Budget 2025 strikes a crucial balance between fiscal expansion and fiscal discipline. With a 10.1% increase in capital expenditure for FY26, the government underscores its commitment to infrastructure development, a key enabler of sustainable economic growth. This measure is expected…
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The Union Cabinet has approved a new Income Tax Bill aimed at simplifying and modernising the tax system without introducing new taxes. The bill, effective from the financial year 2025-26, will reduce legal complexities, make compliance easier, and cut the…
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Q-commerce is poised to become a significant source of employment in India, generating hundreds of thousands of jobs, especially in Tier-2 cities. The sector offers competitive wages, contributing to workforce formalization, economic inclusivity, and rapid market growth estimated to reach…
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INDIA-ECONOMY-India to start monthly release of unemployment figures in April, govt official says
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