Indian car sales rose in September after four months of decline. New tax rates and festive demand increased customer purchases. Automakers stepped up dispatches to meet this demand. Maruti Suzuki reported retail growth despite wholesale adjustments. Tata Motors and Mahindra…
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The Centre released an additional Rs 1,01,603 crore in tax devolution to state governments on October 1, 2025, ahead of the festive season. This aims to boost states’ capital spending and finance welfare projects. This special installment supplements the regular…
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The Reserve Bank of India announced that Basic Savings Bank Deposit Account (BSBDA) holders will now gain access to digital banking services, including mobile and internet banking. This expansion, confirmed by Governor Sanjay Malhotra on October 1, 2025, enhances financial…
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The Reserve Bank of India announced steps to support exporters. This action addresses challenges from US tariffs. The RBI extended the repatriation period for foreign currency accounts. It also increased the forex outlay period for trade transactions. Compliance for small…
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The Reserve Bank of India’s Monetary Policy Committee (MPC) held the repo rate steady at 5.5 percent during its meeting in September 2025. The stance remains neutral. Inflation has decreased, and growth estimates have been revised upward. However, challenges from…
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The central bank has announced measures to promote wider use of the rupee in cross-border transactions, including permitting rupee loans to Bhutan, Nepal and Sri Lanka, introducing reference rates for key trading partner currencies, and allowing Special Rupee Vostro Account…
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