The government on Wednesday extended the mandate for the Reserve Bank of India (RBI) to maintain retail inflation at 4 per cent, with a tolerance band of 2 percentage points on either side, for another five years ending March 31, 2031.The move continues the flexible inflation-targeting framework first introduced in 2016 and retained once earlier…
The government on Tuesday informed Parliament that the 8th Central Pay Commission (CPC) is examining revisions in pay scales, salaries, allowances and pension structures for central government employees, while consultations with stakeholders are currently under way.In a reply to an unstarred question in the Lok Sabha, minister of state for finance Pankaj Chaudhary said the…
India is facing one of its worst LPG crises in decades, as disruptions triggered by the ongoing Middle East conflict ripple through global energy supply chains and begin to impact domestic availability of Liquefied Petroleum Gas (LPG).With imports slowing, prices rising and distribution systems under strain, the government has moved to prioritise household supply, cutting…
India and Chile on Wednesday reviewed the progress of negotiations for a proposed free trade agreement (FTA), with both sides discussing ways to accelerate talks and deepen bilateral economic engagement, reported PTI.The issue came up during a meeting between Commerce Secretary Rajesh Agrawal and Chile’s Vice-Minister of International Economic Relations Paula Estevez Weinstein in Yaounde,…
March is inching closer to its end and many investors are concerned whether the stock market will remain closed on March 26 or March 27 on account of Ram Navmi. As per the Exchange’s official holiday calendar, Dalal Street is scheduled to remain closed on March 26 for the festival, offering participants an early pause…
US stock markets jumped on Wednesday while oil prices declined as hopes resurfaced for a possible pause in the war with Iran, lifting investor sentiment across global financial markets.The S&P 500 rose 1.1% in early trading after the United States delivered a proposal to Iran aimed at halting the conflict. The Dow Jones Industrial Average…
While the Food Safety and Standards Authority of India (FSSAI) has claimed in the Supreme Court that the framing of front-of-pack labelling (FOPL) regulations would take longer and sought more time, a look at several regulations framed by the authority in the last ten years shows that the average time taken to frame one or…
India must accelerate efforts to channel large household gold holdings into financial instruments, former Union minister P P Choudhary and senior market participants said, warning that continued physical hoarding limits the metal’s broader economic contribution, PTI reported.Speaking at an Assocham event, Choudhary, a member of the Parliamentary Standing Commission on Finance, said deeper financialisation of…
When it comes to India’s economic future, few are as optimistic — and as candid — as Himanshu Shah. For the North Carolina investor, the country’s greatest opportunity lies not in rhetoric, but in execution. Speaking at a panel during the Indiaspora Forum 2026 on the outskirts of Bengaluru on Monday, the founder of Raleigh-based…
The Union Cabinet has approved continuation of the Immigration, Visa, Foreigners Registration and Tracking (IVFRT) scheme for another five years from April 1, 2026, with a budget outlay of Rs 1,800 crore, in a move aimed at strengthening border management and improving services for legitimate foreign travellers, the government said.The extension — not a fresh…
