Krity Ambey

JCR upgrades India's sovereign rating to A-, flags high govt debt

Japan Credit Rating Agency cites solid economic growth, policy measures and a stronger financial system, but says elevated debt and fiscal deficits remain structural constraints

India-Sacu pact could reshape New Delhi's emerging-market trade strategy

The proposed preferential trade agreement could open new export markets, diversify critical mineral supplies and test whether calibrated deals with developing economies can complement India's recent d

Net GST revenue receipt up 8.3% in August at ₹1.68 trillion, shows data

Import-related GST revenue surged 29 per cent year-on-year, outpacing domestic growth, while net collections rose 8.3 per cent to ₹1.68 trillion

Economic activity stable, but El Niño clouds food inflation: FinMin

Finance ministry says domestic demand remains resilient, but an intensifying El Nino and weather-related risks warrant caution on food inflation and agricultural output

Centre spends 37% of capital expenditure target in four months

Capital spending rose 30 per cent year-on-year to Rs 4.51 trillion in April-July, while the fiscal deficit fell nearly 3 per cent to Rs 4.55 trillion

PNB may list Haryana Gramin Bank in Q4 or early FY28, says MD & CEO

PNB is also in advanced talks with Punjab & Sind Bank for co-branded credit cards, has mobilised nearly $2.5 billion in FCNR(B) deposits and plans AI-run call centres

India to sustain 7% growth in FY27 despite global headwinds: FM Sitharaman

Finance Minister Nirmala Sitharaman says India can maintain its growth momentum despite geopolitical uncertainties and supply-chain disruptions

India, Canada on track to reach $50 billion trade target by 2030: FM

The two countries are discussing a free trade agreement aimed at boosting bilateral trade, while also exploring a financial investment protection agreement

S&P Global affirms India's BBB sovereign rating, flags slippage risk

Rating agency retains stable outlook, citing policy stability and infrastructure investment, but sees risks to Centre's FY27 fiscal deficit target from revenue, subsidy pressures

Smaller PSBs may partner larger peers to expand their credit card business

Proposals discussed at the PSB Confluence include co-branded cards, data-led customer acquisition, business cards for MSMEs and financial literacy before activation

PSBs turn 'Banking for Youth' into an entry-level hiring pipeline

State-owned banks plan to use the MY Bharat portal to offer internships and training to young people and build a pipeline for recruitment into entry-level banking jobs

Govt plans BIS certificate exemption for foreign high-tech companies

Commerce Minister Piyush Goyal says the proposed framework could provide company-, industry-, product- or project-based exemptions for imported equipment and components

Easing of 10% rule on Chinese stake attracts FDI worth ₹4,896 crore

Investments span sectors including information technology, artificial intelligence, manufacturing, pharmaceuticals, data centres and transport services, government says

Finnish firms eye India after EU FTA, but 'Make in India' poses challenges

Finnish companies are looking to expand their India presence from next year, though local manufacturing requirements could pose challenges for some high-end products

India, Mexico finalise ToR for preferential trade agreement, signing soon

Proposed pact will cover a limited set of areas, including trade in goods, market access and rules of origin, as India seeks to expand its footprint in Latin America

PSBs propose 2% sub-target for climate finance under PSL framework

Public sector banks also seek higher lending limits for renewable energy projects and inclusion of electric vehicle financing under the priority sector lending framework

Build relationship with youth: FM Nirmala Sitharaman to PSBs

Sitharaman also asks state-owned banks to strengthen priority-sector lending and launch a month-long 'Banking for Youth' campaign from October 2

Govt to set up high-level banking committee soon: FM Nirmala Sitharaman

Deliberations at PSB Confluence to act as template for panel

DFS to hold PSB, PFI confluence on sector's road map for Viksit Bharat

The two-day conclave will focus on deposit mobilisation, credit expansion, rural value chains, wealth management and other next-generation reforms for public sector banks

Land, business reforms key to next phase of India's growth: Economists

Economists say easing land acquisition, improving the business environment and ensuring predictable investment policies could help India sustain growth towards Viksit Bharat