WORLD
‘Not the right time’: FM Nirmala Sitharaman had flagged IMF loan to Pakistan, say govt sources
Sources said the efforts aimed to flag the regional security risks of releasing funds to Islamabad amid tensions, rather than blocking the programme altogether.
BUSINESS
US tax bill may dent remittances to India, says govt sources
The government has yet to conduct a detailed analysis of its potential fiscal or macroeconomic impact.
BUSINESS
Above normal monsoon to boost consumption and productivity in FY26: Govt sources
With growth supported by a good monsoon and ongoing infrastructure investment, officials said the macroeconomic environment remains conducive to sustaining momentum.
BUSINESS
Apex court’s ruling in JSW-Bhushan Power case casts no aspersions on IBC, say officials
The verdict had triggered questions over whether the court's ruling casts a shadow over the broader insolvency regime, which has been a centrepiece of India’s economic reform since its enactment in 2016.
BUSINESS
Major addition to FY26 defence outlay unlikely despite Operation Sindoor
Government sources indicated that the armed forces already have access to delegated financial powers to ensure quick procurement in emergencies, thus reducing the need for a huge hike in mid-year budgetary allocation.
BUSINESS
Centre to review Jalan panel's RBI dividend formula, some tweaks likely: Sources
Any changes to the current framework will be guided by the need to ensure the central bank’s financial stability, while enabling predictable and adequate support to the government’s fiscal math.
BUSINESS
India building a case to 'grey list' Pakistan at FATF's meeting in June
India is likely to present the dossier highlighting instances of Pakistan’s continued inaction, with emphasis on recent intelligence inputs and violations of FATF’s global standards.
BUSINESS
Sebi's Tuhin Kanta says looking into IndusInd Bank case if there are any 'egregious violations'
"...whatever Sebi’s remit is, Sebi is doing. It is RBI’s remit but if there are any egregious violations by anyone in its capacity Sebi is looking into it," said Sebi's Tuhin Kanta Pandey.
BUSINESS
NCLT asks JSW Steel, lenders to present plan to reverse JSW Steel’s Bhushan Power takeover in May 26 hearing
Tribunal asks JSW, lenders to present concrete steps by May 26 to comply with Supreme Court's directions on resolution plan reversal
BUSINESS
Gensol loan recovery: PFC may opt for DRT even as IREDA moves NCLT
With over Rs 977 crore in sanctioned loans, Gensol Engineering is facing intensified recovery proceedings from lenders amid widening financial and governance lapses.
BUSINESS
Delays in regulatory clearances impact India’s FTA talks, says FM Sitharaman
FM stresses need for swift and seamless approvals to boost investor confidence and support global trade negotiations
BUSINESS
MCA to complete Gensol case investigation in 3-5 months: Sources
The ministry ordered an investigation against the companies under Section 210 of the Companies Act, 2013
BUSINESS
PMO to take stock of health insurance challenges amid slow growth and high GST burden
A significant portion of India’s non-life insurance portfolio comes from health insurance, but it is currently grappling with two major headwinds - rising premiums and a slowdown in coverage.
BUSINESS
Set your own targets, govt tells ministries after railway’s asset monetisation fails
After the railways missed the target by a huge Rs 1.23 lakh crore for 2022-2025 and many other ministries raising issues on how these targets were set, the government is now taking a new approach for 2025-30 to improve accuracy and accountability.
BUSINESS
Why China's $70 billion infra investment in Pakistan has more to do with India
Chinese investments in the Pakistani leg of the Belt and Road Initiative may be a “sunk cost”, but Indian opposition to this project may keep it alive, especially with the emergence of IMEC as a viable alternative.
BUSINESS
BSNL, MTNL aim to monetise Rs 1,000-crore land assets this fiscal to ease financial stress
The asset sale process is under way and has a deadline of March 2026 but this could be missed due to state-level hurdles, say officials
BUSINESS
After April’s 3.16% CPI, economists see May inflation rising to 3.5% on vegetable price surge
The CPI print sets the stage for another rate cut by the RBI in its June policy of 25 bps, they said.
BUSINESS
HAL targets Rs 3,000 crore capex in FY26, plans to monetise non-core land in Delhi
As part of its funding strategy, HAL may monetise a portion of its five-acre land parcel in Delhi. According to a government official, the land could be valued at around Rs 300–400 crore.
BUSINESS
FM Sitharaman likely to review PSU banks’ FY25 performance on May 15
The Finance Minister is also expected to nudge banks to strengthen governance, risk compliance, and lending practices, particularly in the context of ongoing heightened global tensions.
BUSINESS
Cabinet Secretary to meet bankers on May 16 to avert action against MTNL for loan default
MTNL defaulted on Rs 8,346.24 crore worth of loans taken from seven public sector banks, the telecom firm, which primarily operates in Delhi and Mumbai, said in an exchange filing in April
BUSINESS
India likely to prioritise strategic petroleum reserves as ceasefire sets in: Economists
Typically, countries have reserves for up to 120 days, while India has reserves for around 74 days.
BUSINESS
G7 urges India and Pakistan to de-escalate, condemns Pahalgam attack
The G7 foreign ministers cautioned that any intensification of hostilities could pose a serious threat to regional peace
BUSINESS
Sitharaman asks banks to ensure round-the-clock firewalling, prioritise cash in ATMs in review meet on cybersecurity
Phishing attempts are being closely monitored and bank employees have received internal alerts to boost cyber awareness, banks said.
BUSINESS
No cut likely in capex, social sector spending in FY26, India has fiscal buffers, say economists
However, any further escalation on the geopolitical front is likely to add further depreciation pressure on the rupee and bond yields.
