India’s net direct tax collection for the financial year 2024-25 has exceeded expectations, with provisional figures showing a 13.57% increase, reaching ₹22.26 lakh crore. According to official data released on Friday, this marks a significant achievement for the Income Tax Department, which also issued a record-breaking ₹4.76 lakh crore in refunds during the same period. … Read more
India’s foreign exchange reserves rose for a seventh consecutive week, standing at a six-month high of $686.15 billion as of April 18, according to data released by the central bank on Friday. The reserves rose by $8.3 billion in the reported week, after increasing by a cumulative $39.2 billion in the previous six weeks. India’s … Read more
The Bank Nifty has transformed from being a market underperformer in 2024 to a frontrunner in 2025. While the Nifty Index gained 8.8% in 2024, the Bank Nifty lagged with a 5.5% increase. However, 2025 has seen a reversal, with the Nifty up just 2.7%, while the Bank Nifty has surged 8.6%. Last year, the … Read more
The head of the International Monetary Fund urged countries to move “swiftly” to resolve trade disputes that threaten global economic growth. IMF Managing Director Kristalina Georgieva said the unpredictability arising from President Donald Trump’s aggressive campaign of taxes on foreign imports is causing companies to delay investments and consumers to hold off on spending. “Uncertainty … Read more
Beijing is getting ready to remove sanctions it placed on European lawmakers four years ago, the Financial Times reports — a move that could lead to the revival of an investment deal between the two sides just as punishing US tariffs hit China’s economy. “Discussions with the Chinese authorities are continuing and in their final … Read more
Retail inflation is expected to remain well within the Reserve Bank of India’s comfort zone, as members of the Monetary Policy Committee (MPC) cited favourable developments in food and fuel prices, alongside improving inflation expectations, in the minutes of the April meeting released on April 23. The Consumer Price Index (CPI) inflation fell sharply to … Read more
Finance Minister Nirmala Sitharaman will meet her US counterpart Treasury Secretary Scott Bessent during her visit to the United States for the IMF and World Bank Spring Meetings. Speaking at a fireside chat with economists at the Hoover Institution under Stanford University on the theme “Laying the Foundations of a Viksit Bharat by 2047”, the … Read more
India’s economy is relatively less vulnerable to global headwinds, and calibrated policy support could help the country turn current volatility into an opportunity, the Reserve Bank of India said in its April bulletin released on Tuesday. “Although the dampening global economic outlook could impact India’s economic growth through weaker external demand, the domestic growth engines … Read more
Prime Minister Narendra Modi and US Vice-President JD Vance have welcomed the significant progress in the ongoing trade talks between both countries. The two leaders met for nearly two hours at the Prime Minister’s official residence in New Delhi, following which a spokesperson for the Vice-President’s office said India and the US have formally announced … Read more
The Reserve Bank of India’s (RBI’s) recent liquidity infusion is likely to reduce the urgency for accelerated rate cuts, according to Santanu Chakrabarti, India Analyst – BFSI at BNP Paribas. He noted that if the RBI can meet its policy goals through liquidity tools—considered more flexible—it may not need to rely heavily on rate cuts … Read more