RUBIQUE
Fertiliser subsidy bill likely to rise 28% to Rs 2.2 lakh crore in FY27 amid Iran war, rising energy prices: Govt official
Higher global gas and fertiliser prices could push subsidy bill far above Budget estimate of Rs 1.71 lakh crore
BUSINESS
Weak revenue mobilisation, rising debt weigh on fiscal health of Punjab, Andhra Pradesh, Kerala: NITI Aayog
Fiscal Health Index assessing 18 major states based on FY2023–24 data flags wide divergence in state finances
BUSINESS
FinMin examining support for shipping firms as West Asia conflict drives up insurance costs
Exporters flag surge in war risk premiums during government meeting with shipping, finance officials
BUSINESS
Longer LNG import routes may raise logistics and insurance costs: Govt source
Temporary delays are possible, but long-term disruption in LNG availability is not anticipated, a senior government official said.
BUSINESS
Cabinet eases Press Note 3 rules, sets 60-day timeline for investment approvals from land-bordering countries
Amendments allow up to 10 percent non-controlling beneficial ownership under automatic route; aim to boost manufacturing, deep-tech investment
BUSINESS
Banking, shipping secretaries to meet stakeholders today on relief for exporters amid West Asia crisis
The discussions are expected to explore possible relief measures for exporters, including lowering insurance costs, freeing up working capital, and expanding credit access to help exporters navigate disruptions.
BUSINESS
Reinvested foreign ESOP dividends leading to under-reporting of overseas income in tax returns
Dividends automatically reinvested into additional shares often go unreported as employees assume no taxable income will arise when no cash is credited
BANKING
Initial GST probe findings in Fino Payments Bank case point to shell network in illegal gaming: Sources
Sources say DGGI investigation indicates multi-crore evasion involving shell entities and payment aggregators; CEO Rishi Gupta arrested earlier under GST provisions
BUSINESS
India likely to shift focus to India Middle East Europe corridor, but will not abandon Chabahar after US–Israel attack on Iran, say experts
Sanctions concerns and rising geopolitical tensions could complicate India’s engagement with Iran-backed Chabahar project, even as experts say New Delhi will seek to protect its long-term connectivity strategy.
BANKING
FM to examine concerns after Pai questions GST action against Fino Payments Bank CEO
Mohandas Pai calls arrest of Fino Payments Bank MD ‘overreach’, seeks safeguards against misuse of GST powers
BUSINESS
Indian retail investors can invest in Japan, Australia, Euronext likely after March 31 under NSE IX ‘super broker’ model
NSE IX’s “super broker” framework targets multi-market access
BUSINESS
Indian investors can now directly invest in US-listed stocks like Apple, Microsoft via NSE IX
Global Access platform targets outbound investments under Liberalised Remittance Scheme; fractional investing and dollar-denominated trading enabled
BUSINESS
Govt mulls natural disaster risk insurance pool, home and finance officials met February 27
Inter-ministerial discussions gather pace as officials review disaster-risk financing framework
BUSINESS
Sitharaman says 'too early to comment', commerce ministry reviewing next step on US trade talks
The finance minister says global economic uncertainty is neither new nor confined to any single trade relationship
MARKETS
RBI not looking to revisit lending rules for proprietary traders, brokers: Governor Malhotra
Malhotra said the guidelines were finalised following due consultation and signalled that no revisions are under consideration
BUSINESS
Banks spending more time selling insurance, less on core function: FM Sitharaman
Banks must go out and raise cheap deposits, says FM
BUSINESS
‘Gold price spikes because...’: FM Sitharaman explains yellow metal's rally
Sitharaman was speaking during the press briefing after addressing the RBI Central Board on February 23
BUSINESS
'No systemic issue here': RBI Governor Sanjay Malhotra reacts to IDFC First Bank's Rs 590-crore fraud
'We are watching the development, there is no systemic issue here,' says Malhotra
BUSINESS
Pax Silica to facilitate private sector partnerships; focus on incentives over govt funds; India key to AI and supply chain push, say US officials
The other point is instead of using taxpayer dollars to make investments under Pax Silica, we're looking at incentives, the US officials replied to Moneycontrol.
BUSINESS
US, India in active talks on oil supply routes; energy engagement may yield updates 'very soon', says Ambassador Sergio Gor
Referring to recent policy action by Washington, the ambassador indicated that executive measures connected to oil policy had already been formalised.
BUSINESS
India–US trade deal signing 'very soon'; tariff rebalancing to 18% also to move forward shortly, says Sergio Gor
US Ambassador to India was responding to a question on the timeline for signing the India–US trade agreement
WORLD
US Secretary of State Marco Rubio to visit India 'very soon', says US Ambassador
The visit will be a part of the Quad diplomacy, the Envoy highlighted
BUSINESS
Govt may roll out Corporate Mitra programme by June; nine-month training model under discussion
MCA drafting guidelines after consultations; initiative aimed at creating bookkeeping and compliance support cadre for MSMEs
BUSINESS
Govt likely to expand participation in PM Internship Scheme by professional institutes
CSR-linked funding clause cited as hurdle for statutory professional bodies like ICAI
