Finance News

RBI opens special dollar window for oil firms as rupee comes under pressure

Special window for PSU oil companies from Monday; Forex dealers will not permit users to rebook any foreign exchange derivatives

CEA calls for flexible special mention accounts norms for MSME loans

Chief Economic Adviser V Anantha Nageswaran said a uniform 90-day overdue timeline does not suit all MSMEs, as businesses across sectors have different cash flow cycles

Shriram Finance to raise FD rates by 15-40 basis points from October 11

The revised rates will apply to deposits of up to ₹10 crore, with 36-60-month deposits earning 7.85 per cent; additional rates for seniors, women and renewals will continue

September e-way bill generation rises 7.2% to a new record 141.53 million

September e-way bill generation rose 1.75 per cent from August to a record 141.53 million, as the GST Council proposed curbs on routine checks of goods moving by road.

Rupee rises 23 paise to 96.65 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 96.74, then gained some ground to touch 96.65, registering a rise of 23 paise over its previous close

State-owned banks raise repo-linked lending rates by 25 bps after RBI move

Several banks, including BoB, PNB and Indian Bank, raise repo-linked lending rates by 25 bps after the RBI's policy rate increase, making loans costlier for borrowers

A quick guide to GST Council's key decisions on tax and compliance

From easier input tax credit claims to automated registration and a ₹40-crore cap on penalty-only appeals, the proposed changes seek to reduce compliance friction.

GST Council suggests tax exemption on storage of seeds meant for sowing

The GST Council has proposed exempting storage and warehousing services for seeds meant for sowing, along with coffee-curing services provided by coffee curers to cultivators

GST Council meet: Export definition tweak to ease IT firms' concerns

The GST Council's changes to export definitions and refund rules are expected to benefit IT firms, consulting companies and GCCs by reducing tax disputes and working capital costs

Micro lenders must map climate risk in underwriting, says report

Bharat Microfinance Report 2026 flags rising climate risks to rural credit as NABARD warns of potential rabi crop stress following a deficient monsoon and urges better underwriting

GST Council allows small online sellers to use warehouses in other states

Small online sellers can now use e-commerce platform warehouses to register in other states, while the GST Council has clarified tax treatment for platforms and retained existing rates

Transporters welcome GST Council move to curb repeated checks on highways

Transport industry bodies say the GST Council's decision to limit highway inspections to intelligence-based checks will reduce unnecessary stoppages, delays and penalties

GST is always useful for a state like West Bengal, says Swapan Dasgupta

West Bengal Finance Minister Swapan Dasgupta calls the 57th GST Council meeting "very, very positive", highlighting ease of doing business and improved compliance.

GST Council ends GST officers' arrest powers; ₹10,000 limit for notices

The council has removed the power to arrest under GST. It also raised the threshold for prosecution from ₹1 crore to ₹5 crore

Deposit rates unlikely to rise for upto 3 months: SBI chairman Setty

Setty said the shift to tightening of rates by the central bank will help banks expand their net interest margins (NIMs) for up to three quarters

RBI rate cycle: How much did borrowers and savers actually benefit?

The RBI's previous rate cycle shows that changes in the repo rate did not translate equally into loan and deposit rates, with the impact varying across borrowers and Depositors

Rupee rises 10 paise to 96.65 against US dollar during early trade

The rupee remains under pressure from a strong dollar, Brent crude near $102 a barrel and foreign fund outflows, while a sharp fall in forex reserves has added to investor concerns

RBI MPC meet: 'Pressure on current account is a temporary problem'

The FCNR(B) deposit flows of $135 billion was made possible by the strong macroeconomic fundamentals of India, says Malhotra

Govt bond yields near three-year high after RBI's hawkish policy shift

The benchmark 10-year government bond yield rises to 7.24 per cent as the RBI shifts to withdrawal of accommodation, with foreign outflows and oil prices adding pressure

Festival breather: UPI merchant fee may be deferred till January 1

UPI MDR may be deferred to January 1, while the exemption for small merchants could be expanded to businesses with annual turnover of up to ₹40 lakh