The Supreme Court has refused to stay the Centre’s decision to impose MDR on specified UPI merchant payments above ₹2,000 and sought responses from the Centre, RBI, NPCI and UPI Steering Committee.
New Delhi: The repo rate is likely to be hiked to 6 per cent by April 2027 to find a more stable policy footing as excess liquidity skews markets, a report said on Friday. The report from Bandhan AMC said India’s fixed‑income investors face a complex environment amidst rising inflationary pressures that argue for faster.
The Reserve Bank of India announces a new monetary policy every two months. Monetary policies are of two types: an accommodative (or loose) policy, where the repo rate and interest rates remain low with the primary objective of boosting investment; and a tight (or restrictive) policy, characterized by credit controls and high repo and interest.
The BJP clarified that UPI charges will not be imposed on common citizens and will only apply to certain commercial transactions after the Lok Sabha passed an amendment Bill.
SBI Research has projected India's Q1 FY27 GDP growth at 7%, citing improved macroeconomic conditions, easing inflation concerns, strong monsoon progress and resilient economic fundamentals.
The Reserve Bank of India (RBI) has said India continues to be one of the fastest-growing major economies, with resilient domestic demand, strong industrial and services activity, improving trade and renewed foreign investment inflows despite global economic uncertainty.
The RBI's currency printing arm has invited global Expressions of Interest for polymer banknote substrate, marking India's first formal move towards introducing durable plastic currency notes.
New Delhi: The Parliamentary Standing Committee on Finance will be meeting soon to discuss the evolving economic situation in the country amid the uncertainties due to the West Asia crisis. Committee Chairman Bhartruhari Mahtab said: “Despite the serious headwinds, India’s economy is emerging in a better way. There are certain very good indicators where household.
New Delhi: In a significant move aimed at strengthening foreign capital inflows and easing pressure on the balance of payments, the Centre has scrapped capital gains tax as well as withholding tax on Foreign Institutional Investor (FII) investments in government bonds, according to official sources. The decision comes amid concerns over a widening BoP deficit.
