Page 2 - Finance News

FM flags global tax risks from digitisation, new financial products

At Global Forum, India urges stronger transparency, confidentiality systems to tackle evolving financial structures

NSFI 2025-30: Strengthening last-mile access, improving financial services

RBI's NSFI 2025-30 aims to deepen financial inclusion with stronger last-mile delivery, gender-sensitive outreach, expanded BC networks, and pilots of programmable CBDC for targeted credit

PFRDA plans to create NPS fund-of-funds to channelise money to select AIFs

PFRDA has classified all alternate investment instruments into equity and debt after Sebi categorised Real Estate Investment Trusts (REITs) as equity

Stronger data safeguards, effective use of shared info: Revenue secy

Shrivastava said over the years, the Global Forum has enabled a transformation in the global tax landscape from banking secrecy and limited cooperation to transparency and information exchange

Digitalisation, financial products call for global tax info exchange: FM

Sitharaman said technological tools like artificial intelligence, along with judgement, should be used to ensure that tax information exchanged among jurisdictions leads to measurable outcomes

Rupee falls 32 paise to all-time low of 89.85 against dollar in early trade

At the interbank foreign exchange, the rupee opened at 89.70 against the US dollar before dropping to record low level of 89.85 , down 32 paise from its previous close

EPFO disposes 99% of higher-pension cases under EPS after SC ruling

As per her reply, a total of 4,27,308 demand letters have been issued, out of which 34,060 cases have been found ineligible later on mainly due to non-remittance of demand amount

Listed MFIs slash Q2 losses to ₹61.8 crore amid sharp drop in provisions

While Provisions bill dips; income flows stay subdued

Govt does not give LIC directions on its investment decisions: FinMin

LIC's investment in Adani Group cos as of September 30 stood at Rs 48,284.62 crore

RBI Deputy Governor bats for T20 agility, Test stability in finance

RBI Deputy Governor Swaminathan J says India's financial system needs both the innovation and speed of T20 cricket and the discipline and longevity of Test cricket

RBI Ombudsman complaints rise 13.6% in FY25, led by loan and card issues

Complaints under the RBI's Integrated Ombudsman Scheme grew to 1.33 million in FY25, driven by grievances over loans, credit cards and mobile banking

UPI sees mild November dip to 20.47 bn transactions worth ₹26.32 trn

Compared to November 2024, the month witnessed a 32 per cent rise in volume and 22 per cent in value

Rupee falls to all-time low of 89.79 against dollar during intraday trade

Forex traders said a strong greenback and a rise in international crude oil prices also weighed down the Indian currency

Rupee, bond traders to take cues from RBI monetary policy decision

India's economy grew 8.2 per cent year-on-year in July-September, accelerating from the 7.8 per cent growth reported in the previous quarter, data on Friday showed

Stellar growth, low inflation raise questions over need for RBI rate cuts

India's economy expanded at a sharper-than-expected clip of 8.2 per cent in the July-September quarter, prompting analysts to raise their full-year growth estimates to above 7 per cent

RBI's MPC likely to hold steady on rate, keep neutral stance: BS Poll

OMOs for liquidity infusion expected, say economists

Bond yields likely to ease before RBI's monetary policy review meeting

Optimism building around potential announcement of an OMO calendar

Affordable housing gets out of pocket as costs rise and hurdles persist

Despite policy boosts, land costs and lender parity issues are driving the sector off-script

Private equity, venture capital investments hit $5.3 bn in October: EY-IVCA

Pure-play PE/VC investments hit a 13-month high of USD 5 billion - an 81 per cent increase over October 2024 - while real estate and infrastructure investments fell sharply by 86 per cent

Corporate loan growth to hit double digit, ₹7 trn credit in pipeline: SBI

The SBI Chairman also said that the bank may not need equity capital to drive credit growth and maintain a capital adequacy ratio of 15 per cent over 5-6 years