Page 3 - Krity Ambey

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

PM Modi unveils seven-pillar 'Sapta Dhara' roadmap for Viksit Bharat

The framework places manufacturing, food processing and technology at its core, alongside infrastructure, defence, the green and blue economy, and India's soft power

White House report flags India in China-linked transshipment network

The White House report places India in Tier 1 of China's alleged transshipment network and flags the Pune-Gujarat-Chennai production belt as a potential corridor

Surge in imports bill pushes trade deficit to 6-month high of $31.98 bn

Goods imports rose to a nine-month high of $76.22 billion in July, while goods exports jumped nearly 20 per cent to $44.24 billion during the month

India wary as US' Russia tariff Bill advances, keeps eye on trade talks

Official says trade talks with Washington remain 'reassuring'

Govt weighing two models to offset UPI costs: FinMin tells Parl panel

Restoring MDR for high-threshold transactions/merchants; or a tiered incentive structure

Evolving West Asia crisis may have fiscal impact in FY27: FinMin to panel

The ministry said its fiscal consolidation path and Rs 1 trillion stabilisation fund provide room to absorb mild shocks, but sustained oil-price increases pose risks

India, South Africa-led group to begin trade pact talks in a month

The proposed preferential trade agreement will initially cover goods, with India and the five-member customs union aiming to conclude negotiations within a year

₹86,917 cr in unclaimed deposits with RBI fund, FinMin tells Parliament

SBI had the largest amount of unclaimed deposits transferred to the fund at Rs 20,040 crore, followed by Punjab National Bank at Rs 7,585 crore, Canara Bank at Rs 6,830 crore