Page 25 - Finance News

Govt approves introduction of one billion polymer banknotes of ₹10 and ₹20

The polymer banknotes will be issued alongside paper-based notes, with the procurement process currently at an initial stage, the government said

RBI Governor Sanjay Malhotra urges lenders to accelerate AI spend

Malhotra, however, warned that wider AI use entails risks including biased or opaque decisions, along with data privacy and cybersecurity threats

Disinvestment, OFS, strategic sale, privatisation: What's the difference?

From LIC's stake sale to Air India's handover, the government has used different routes to reduce its presence in state-owned firms

Rupee falls 8 paise to 95.38 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 95.38 against the US dollar

Structural issues driving money from India: Ex-RBI chief Duvvuri Subbarao

Subbarao said a move in June aimed at drawing more foreign currency by incentivizing non-resident Indians is "too costly" to justify if the main purpose is simply to bolster confidence in the rupee

How has the govt's disinvestment strategy changed since liberalisation?

From strategic privatisation to market-based stake sales, here's how the government's disinvestment strategy has changed since economic liberalisation in 1991

MDR in future only on some merchant UPI transactions: FM Sitharaman

"No MDR framework has yet been finalised," Sitharaman said. She added that consumers would continue to make instant digital payments through UPI without paying a transaction charge

FCNR (B) swaps: Weekly bank slots delay RBI's dollar receipts

Liquidity surplus at ₹3.48 trillion; RBI lines up ₹1.25 trillion VRRR

FCNR(B) flows pour into 5-year G-secs under RBI's concessional swap window

Foreign lenders with relatively small loan books emerge most active buyers; bond yields soften

RBI officers seek HR policy review, time-bound promotions up to Grade E

Staff body seeks five-year qualifying service for financial upgradation across grades up to Grade E and calls for a more inclusive work environment for women officers

Govt collects ₹10,040 crore duty on gold imports in 2.5 months after hike

The effective customs duty on gold, silver and precious metals was raised from May 13, with gold imports yielding Rs 100.4 billion in duty through August 2

Rupee falls 11 paise to close at 95.28/$ on firm crude oil prices

Lack of any breakthrough in talks in West Asia put further pressure on the local unit, while FII inflows provided some support, forex traders said

Explained: What is NCDC (Amendment) Bill 2026 & what it proposes to change?

The Centre has proposed changes to the law governing NCDC, seeking to give the institution greater flexibility in supporting co-operative development

Govt mops up ₹45,306 cr from disinvestment, asset monetisation in FY26

The government had pegged Miscellaneous Capital Receipts, which includes PSU disinvestment and public asset monetisation, at ₹33,837 crore in the Revised Estimates

IT rules for online lower, nil TDS certificates to be notified soon: Govt

A taxpayer typically applies for a lower or nil TDS certificate when their actual tax liability is expected to be lower than the amount of TDS that would otherwise be deducted

NPCI targets Indian diaspora to drive UPI growth across overseas markets

NPCI plans to use the country's vast diaspora to drive global expansion, while also exploring AI-enabled payments through platforms like ChatGPT and Gemini

How India's PSU stake-sale journey has evolved: Explained in 5 charts

The latest LIC stake sale marks another milestone in the government's disinvestment drive. Here's what the data reveals about PSU stake sales, disinvestment receipts and major listings

Dropping this Oct: Apple Pay services set for India launch, no UPI yet

Apple Pay is set to launch in India by October, initially supporting Visa and Mastercard credit cards but not UPI, as Apple negotiates transaction fees with banks

Centre to push for NCDC power expansion through cooperative law amendment

The proposed NCDC law amendment seeks to widen financing channels for the cooperative sector and reduce procedural delays in accessing loans, grants and other financial assistance

Deterrence beyond a slap on the wrist: Reimagining financial penalties

Fines on Indian financial institutions are a pittance. The enforcement regime must be reimagined, reports Raghu Mohan