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Union Bank of India admits to lapses in procuring Subramanian's book

Union Bank of India has acknowledged lapses in procuring India@100 by K V Subramanian, prompting an internal probe, though it says no material financial impact has emerged

India-EU FTA our priority, possible by December-end: FM Nirmala Sitharaman

India has taken a long-term approach towards building its supply chains keeping in mind its strategic strengths and capacities are leveraged, says FM

JSW Steel to file review petition in SC on Bhushan Power & Steel resolution

Govt begins consultations after SC rejects JSW Steel's Rs 19,350 crore resolution plan for Bhushan Power and orders liquidation under IBC provisions

Krishnamurthy Subramanian's termination was India's call, says IMF

Sources said the reasons for Subramanian's termination included alleged impropriety in using his position to promote and publicise his latest book India@100

Defence spend amid Pak tensions may hit India's fiscal strength: Moody's

Moody's Ratings says India's economy remains resilient despite Pak tensions, but increased defence expenditure could weigh on fiscal strength and delay consolidation

BPSL liquidation: MCA, IBBI study SC order to assess IBC implications

"We are examining the order and seeing what learnings can be taken from there in terms of IBC regulations and processes," the government official said

SC ruling on BPSL resolution may reset IBC process as JSW plans review plea

"No prudent resolution applicant would submit a plan if there remains a lingering fear that some state authority might overturn it decades later", says Former IBBI chairperson M S Sahoo

Six month left, Krishnamurthy Subramanian's term cut short at IMF

Subramanian, who took up the IMF post in November 2022, represented India, Bangladesh, Sri Lanka, and Bhutan. As of May 3, the IMF's website lists the position as vacant

India to flag Pak's terror role with global lenders after Pahalgam attack

Country also set to voice its concerns with the IMF executive board next week, when it takes up a $1.3 billion loan for Pakistan

SC's JSW Steel decision a blow to insolvency process, say experts

The Supreme Court had invoked Section 142 of the Constitution to nullify the CoC decision

Private sector a trusted partner in development: FM Nirmala Sitharaman

First facilitation centre for PM internship scheme launched in Kolkata

Arvind Shrivastava takes charge as revenue secretary amid policy challenges

Prior to this, Shrivastava served in the Prime Minister's Office as joint secretary and later as additional secretary

Uncertainty could hit pvt sector capital formation: FinMin economic review

While highlighting that uncertainties stemming from global developments are a risk for the growth outlook for FY26, the finance ministry said

Streamlined processes help companies speed up voluntary closures

The working paper by PMEAC highlighted that process or nuts-and-bolts reforms are not systematically researched, documented or taught, but are an important part of a policymaker's toolkit

India slashed extreme poverty to 2.3% in FY23, shows World Bank data

Using the $3.65 per day poverty line for lower- and middle-income countries (LMIC), poverty fell from 61.8 per cent to 28.1 per cent, lifting 378 million people out of poverty in India

Private investment in India is still a worry: IMF's Krishna Srinivasan

The IMF on Tuesday pared down its FY26 growth forecast for India by 30 basis points to 6.2 per cent, citing escalating trade tensions and global uncertainty in its latest World Economic Outlook

Gensol Engineering case: Now, NFRA joins investigation against promoters

NFRA's domain extends to audit firms of listed companies and unlisted companies with over ₹500 crore paid up capital or ₹1,000 crore annual turnover

Finance secretary Seth to lead Indian delegation as FM cuts short US visit

"Finance secretary and secretary DEA Ajay Seth shall represent India in the absence of FM," a senior finance ministry official said

ICAI's Financial Reporting Review Board to review Gensol's books

The review is being undertaken by the ICAI on a suo motu basis, Charanjot Singh Nanda, president, ICAI, said

World Bank trims India's FY26 growth forecast to 6.3% amid uncertainty

Lowers South Asia's FY25 outlook and urges region's nations to carry out reforms and revenue mobilisation