This surge in credit demand is directly linked to an upswing in wheat procurement. As per the Food Ministry, wheat procurement in the ongoing 2025–26 marketing season has risen by over 16%, touching 30.98 million tonnes—up 4.38 million tonnes from the previous year. By Sapna Das June 23, 2025, 1:41:20 PM IST (Updated) Food credit … Read more
Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired a comprehensive Conclave with Principal Chief Commissioners, Chief Commissioners, and Director Generals of the Central Board of Indirect Taxes and Customs (CBIC) in New Delhi today. The meeting saw detailed presentations on the performance of CGST and Customs zones, highlighting progress and challenges across registration, … Read more
Finance Minister Nirmala Sitharaman on Thursday released the fifth edition of the National Time Release Study (NTRS) at the CBIC Conclave in Delhi on Friday. The study, a key barometer of customs efficiency, underscores India’s continued focus on improving trade facilitation by reducing cargo clearance times across ports. Background: What is TRS? The Time Release … Read more
India’s net direct tax collections for the first quarter of the financial year 2025–26, up to June 19, stood at ₹4.59 lakh crore — registering a marginal decline of 1.39% compared to ₹4.65 lakh crore collected during the same period last year, as per official data released on Sunday. This dip comes against the backdrop … Read more
Santanu Chakrabarti, India Analyst for Banking, Financial Services, and Insurance (BFSI) at BNP Paribas, highlighted a favourable shift in banking fundamentals. With the Reserve Bank of India’s (RBI) policy actions creating liquidity tailwinds and fixed deposit repricing already underway, Chakrabarti expects a steady improvement in margins. Notably, he foresees a meaningful pickup in Current Account … Read more
With headline inflation softening to multi-month lows, members of the Reserve Bank of India’s Monetary Policy Committee (MPC) see space opening up for further policy easing, provided inflation remains under control and growth remains fragile. Speaking exclusively to CNBC-TV18, Ram Singh and Nagesh Kumar, both members of the MPC, said the current economic environment justifies … Read more
India’s economy may soon enter a phase of visible recovery, with signs likely to emerge within the next three to four months, according to Neelkanth Mishra, Chief Economist at Axis Bank and Head of Global Research at Axis Capital. Mishra expects growth to improve gradually, driven by a reduction in fiscal constraints and a clearer … Read more
India Inc could unlock $1.7–2 trillion in revenues by 2030 across 18 high-growth, high-dynamism sectors — or “arenas”— identified by McKinsey & Company in its latest report, ‘India’s Future Arenas: Engines of Growth and Dynamism.’ The report noted that these sectors generated $690 billion in 2023 and could play a pivotal role in expanding India’s … Read more
The US wants to revamp its trading relationship with China and the world by bringing many critical supply chains back onshore, the American ambassador to Beijing said. “Unfettered globalization has increasingly created single-source supply chain vulnerabilities,” David Perdue, who assumed his post last month, told a dinner in Washington on Thursday. “We have all witnessed … Read more
Finance Minister Nirmala Sitharaman on Wednesday held a review meeting with fintech firms and assured that the government will continue to support the industry. During an interaction with founders, CEOs and senior leaders of fintech companies, various issues such as ease of doing business for fintechs and preventing financial frauds were discussed. Sitharaman assured that … Read more