BUSINESS
India may go slow on full digital rupee rollout, track global cues
India is monitoring developments in the United Kingdom and parts of Europe and could either wait for other major economies to launch first or align its rollout with them
BUSINESS
Govt set to exit IDBI Bank in FY26; Kotak, Emirates NBD, and Fairfax to place final bids this week
The bids will be placed to the Department of Investment and Public Asset Management (DIPAM) in the finance ministry. The government is expecting to fetch a revenue of about Rs 33,000 crore – as it is divesting its 30.48 percent stake in IDBI Bank, say officials.
BUSINESS
Key focus of banking committee to bring 300-350 million Indians in the financial ecosystem: DFS Secretary Nagaraju
The DFS Secretary also noted that the government will get financial bids for IDBI Bank this month. "The divestment of the government’s stake in the bank will likely happen this financial year," he said.
BUSINESS
States’ capex loans to be tied to 'new reforms' in FY27; Centre releases Rs 69,000 crore for FY26
The outlay under the 'tied component' could be Rs 1.2 lakh crore -- of the total Rs 2 lakh crore outlay -- for FY27
BUSINESS
Trump announcement a framework pact; joint statement on the details in next 2-3 days
India-US trade deal: On the zero duty, the official said that in many cases, India's exports will also be subjected to zero duty.
BUSINESS
India-US Trade Deal: Only one aspect on "market access" announced by Trump so far, says official
"The announcement currently is only on market access. The details are being worked out by Commerce Ministry," said the official, adding that any confirmation or denial on improving access of American farm products to India’s market "can’t be given at the moment".
BUSINESS
India-US trade deal ends uncertainty; Govt foresees economic buoyancy and private investment surge
On the details of the deal, Economic Affairs Secretary Anuradha Thakur said that "there is no clarity as of now on the Indian market opening up to U.S. agricultural products."
INDIA
'Just-in-time' funding cutting interest burden; Centre curbed Rs 1 lakh crore 'parking' in state treasuries, says expenditure secretary
The Expenditure Secretary said that the government is reviewing its Centrally Sponsored Schemes, and some of them may be merged or closed down next financial year – in case they are not found to be impactful.
BUSINESS
High level committee on banking: India’s financial sector need to strengthened, that needs good banks, says FM
Sources in the government have said that merging of banks is also likely to be considered by the Committee, however, it may not be undertaken immediately. The FM added that the government will finalize the Terms of Reference of the high level committee on banking in the coming months.
BUSINESS
"There will a lot more divestment going forward": FM signals aggressive push for CPSE sales to drive revenue
"I also will have to work on broadening the tax base, so that direct tax revenues grow. However, divestment is a priority," the FM noted. She added that IDBI disinvestment is likely to be concluded soon.
BUSINESS
Budget 2026: FM Sitharaman targets 4.3% fiscal deficit; rejects ‘drastic changes’ to ensure investor confidence
The DEA Secretary highlighted that the government is reviewing the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, to address concerns of foreign investors.
BUSINESS
Budget 2026 allocates Rs 20,082 crore for the Employment Linked Incentive Scheme
For FY26, The Budget has revised its estimate for the scheme at Rs 828 crore on the scheme.
BUSINESS
Budget 2026 unveils 4-point plan to unlock TReDS 'full potential' and boost MSME liquidity
To leverage its full potential, the FM has proposed to mandate TReDS as the transaction settlement platform for all purchases from MSMEs by CPSEs, serving as a benchmark for other corporates.
BUSINESS
Strategy for 7 key sectors to unleash private capex: FICCI President Anant Goenka
Last year, consumers got about Rs 1.5 lakh crore in their hands, owing to Income Tax and GST reliefs, noted Goenka. "The GDP growth rate is high, there in an increase in capacity utilization after October. These are factors will push private capex further."
BUSINESS
Govt in wait-and-watch mode on stablecoins, FinMin wary of risks: Official
"The RBI has been highlighting risks that are attached to this form of cryptocurrency. We will see how it plays out in the US," an official said.
BUSINESS
Economic Survey: State cash transfers threaten public investment and sovereign borrowing costs
In the post-Survey press-conference, Chief Economic Adviser V Anantha Nageswaran, said that the unconditional fiscal transfers that many states are pursuing are very useful as a short-term loan. "However, sustaining growth will require a careful re-prioritization."
BUSINESS
Economic Survey 2026: Labour codes to drive jobs, female participation, and 1.25% GDP Boost
The Survey said that India's workforce of over 56 crore holds tremendous potential for its economic growth. “Labour market indicators point to a steady job market, with improving labour force participation, declining unemployment, and robust job creation in both the organised and unorganised sectors,” it stated.
BUSINESS
IEPFA proposes faster refunds for unclaimed shares, dividends; seeks public comments on rule changes
For low value claims, the Authority proposes a reduced disposal timeline of 30 days, relying solely on the company’s verification report, thereby enabling faster and hassle-free refunds to investors.
BUSINESS
Rupee weakness is cyclical, not structural; FY27 recovery likely on higher FPI-FDI inflows: S Mahendra Dev
"One factor, is that there is uncertainty regarding the US-India trade deal. Once that’s settled, the Indian currency will appreciate," said Mahendra Dev.
BUSINESS
'Beyond Production': EAC-PM Chairman calls for 'value chain approach' to boost farm incomes
The EAC-PM Chairman noted that in the last two Budgets, the government has unveiled some measures for edible oils and pulses.
BUSINESS
India-EU FTA cushions India against external trade headwinds: S Mahendra Dev
The EAC-PM Chairman called the India-EU FTA a great opportunity for both parties. "India will benefit with this. Exports in many labor intensive commodities, like textiles, gems and jewelry and auto parts will benefit."
BUSINESS
No room for fiscal easing: EAC-PM Chairman sees 55% debt-to-GDP by FY27
On per capita income, the EAC-PM Chairman said that in the next six years, it’s likely to double to Rs 5,000-5,500. "In the long, we need to grow at 7-8 percent, and that depends on several sources," he said.
BUSINESS
Govt to stick to fiscal deficit target, no space for easing, says PM-EAC chairman Mahendra Dev
The top economist said the recently concluded India-EU free trade deal will help soften blow from external factors, as New Delhi seeks to cut trade dependence on few countries
BUSINESS
MC-Deloitte CXO Survey: Industry leaders call for geopolitical guardrails and predictable taxes in Union Budget
83 percent of 46 respondents – feel the Budget should "consider steps to manage geopolitical risks and evolving policy directions in major economies, including the US".
