Economy and Finance

An increased dividend payment is probably going to assist the Central government in reaching its goal of 5.1% of GDP for fiscal deficit during the current fiscal year. Additionally, it would probably support tax collections, giving the new government more spending flexibility.

India's fintech company PhonePe Unified Payments Interface (UPI) has been launched in Sri Lanka.

The announcement that in 2025 India will overtake Japan in nominal gross domestic product in dollar terms has shocked Tokyo

The latest data has revealed that Uttar Pradesh has overtaken Tamil Nadu in terms of state-wise GST revenues in the preceding month, April 2024.

As soon as UPA took over, inflation started increasing, and as soon as PM Modi came, inflation went down

As part of the Local for Vocal initiative, India is making a strong course correction in the toy manufacturing ecosystem.

RBI bars Kotak Mahindra Bank from onboarding new customers through online, mobile banking; issuing new credit cards

Recently released repport report by Canadian government read, "Budget 2024 announces that the government is exploring new measures to expand access to alternative financing products, like halal mortgages. This could include changes in the tax treatment of these products or a new regulatory sandbox for financial service providers while ensuring adequate consumer protections are in place."

Subbarao alleged that the finance ministry, led by Pranab Mukherjee, and P Chidambaram, pressed the RBI to lower interest rates and create a more positive picture of development to boost the confidence of people in the government. 

In recent weeks, Tesla has reportedly accelerated its efforts to establish an Electronic Vehicle (EV) manufacturing plant in India with an estimated investment of around $2-$3 billion.