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TV Somanathan's missive urging officers to meet non-officials sparks debate

While most bureaucrats have welcomed the move, others have expressed cautious optimism. Ruchika Chitravanshi, Sanjeeb Mukherjee & Nivedita Mookerji report

FinMin looks to widen infrastructure plans for capital expenditure push

Experts say that, given the higher capital spending by the Centre in April-May of FY26, there is room to raise the capex target beyond the budgeted ₹11.2 trillion

Asian Paints challenges CCI investigation order in Bombay High Court

CCI had ordered an investigation into the company for alleged abuse of dominant position based on a complaint received by Aditya Birla Group's Grasim Industries on July 1

Ex-CBDT chief Nitin Gupta appointed NFRA chairperson for 3-year term

Nitin Gupta succeeds Ravneet Kaur as NFRA chair; watchdog is auditing Gensol and assessing discrepancies in IndusInd Bank account balances

From educator to minister, FM Nirmala Sitharaman opens up on her journey

Finance Minister Nirmala Sitharaman, in a candid conversation in Shillong, reflects on her journey in education, personal values, North East development, and governance

MCA's Version 3 portal sees smoother run after initial user glitches

Launched in January with 38 e-Forms, the MCA Version 3 portal is now seeing fewer login and filing issues, with ICAI support and gradual improvement in data retrieval

Govt to give best of attention to promote GCCs: FM Nirmala Sitharaman

Finance Minister Sitharaman says the Centre will offer tax, legal and administrative support to boost GCCs in India and guide states to develop hubs in tier 2 cities

Need to push GCC with policy support, exact action points: DEA Secy

She said that with GCCs expanding into engineering, artificial intelligence, and emerging tech, there was a need for specialised courses to be brought in

CCI revises probe order against Asian Paints, removes previous findings

The Competition Commission of India revises its probe order against Asian Paints, removing references to previous findings of dominance, amid a complaint by Grasim Industries

Globalisation must be tempered to local needs: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman calls for globalisation that aligns with local requirements, emphasising humanism and ethical practices at the IICA North East Conclave in Shillong

Lenders ask bidders to sweeten offers for debt-laden Jaiprakash Associates

CoC in final phase of assessing resolution plans from 5 shortlisted bidders

Urban consumption not growing as anticipated: CII President Rajiv Memani

Memani talked about issues ranging from India-US FTA to India's complex relationship with China and the labour code implementation

High equality ranking for India masks deeper gaps, say economists

According to the World Bank, India's Gini Index stands at 25.5, making it the fourth most equal country in the world, after the Slovak Republic, Slovenia and Belarus

Adani group leads race to acquire Jaiprakash Associates with ₹12,500 cr bid

Rival bidder Dalmia group is also in the fray and is willing to top Adani's offer - provided a key legal hurdle related to JAL's Sports City project is resolved

Govt unveils ₹2 trillion dose for jobs, R&D, innovation, growth push

RDI scheme to provide 50-year interest-free loans via ANRF to fund managers; focus on AI, quantum, biotech, digital agriculture and critical strategic technologies

Capex rises 54% in Apr-May FY26, RBI dividend lifts revenue: CGA data

Government capex rose 54 per cent in April-May FY26 as RBI dividend boosted non-tax revenue and kept the fiscal deficit at a 28-year low for the two-month period

International credit rating methods must evolve: FM Nirmala Sitharaman

FM Sitharaman says India's sovereign rating understates macro strength and urges reform in global rating criteria to unlock more private capital and lower financing costs

Brics summit may focus on greater use of national currencies for trade

The July 6-7 Brics summit in Brazil will take up trade settlement in national currencies, denounce terror and address issues like AI, climate finance and disease control

FM Sitharaman to embark on six-day visit to Spain, Portugal and Brazil

During her June 30-July 5 visit, the finance minister would attend the fourth International Conference on Financing for Development (FFD4) organised by the United Nations

EVs, defence, RE sectors face rare earth risks, says finance ministry

Finance ministry's May 2025 review notes easing inflation and strong GDP growth, but flags upside risks from global conflicts, oil prices and investor sentiment shifts