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Economy

UPI Transactions Surge to ₹94,000 Crore Daily in October, Poised for Record Festive Month

The Unified Payments Interface (UPI) is witnessing a remarkable surge this festive season, with average daily transaction values in October 2025 jumping 13% over...

GST 2.0 Rolled Out Nationwide; Major Tax Reliefs Announced

India's new Goods and Services Tax regime, dubbed GST 2.0, took effect from today, ushering in sweeping changes to tax slabs on everyday essentials...

India can Become World’s Second Largest Economy by 2031, Says Deputy RBI Governor

India has the potential to become the world's second-largest economy by 2031 and the largest by 2060, according to Michael Debabrata Patra, Deputy Governor...

RBI Governor Shaktikanta Das Predicts Major Structural Shift in India’s Growth Trajectory

Reserve Bank of India (RBI) Governor Shaktikanta Das has expressed a highly optimistic economic outlook, forecasting that India is on the cusp of a...

India Emerges as Premier Investment Hub Amid Shifting Global Trends, UN Report Reveals

In a recent update on the World Economic Situation and Prospects 2024, the United Nations Department of Economic and Social Affairs (UN DESA) revised...

Public Sector Banks in India Record Historic Profits in FY24, Surpassing Rs 1.4 Trillion Mark

In a remarkable turnaround, the public sector banks (PSBs) in India have achieved a significant milestone by collectively surpassing Rs 1.4 trillion in cumulative...

India’s Economic Momentum Surges, RBI Anticipates Sustained 7% Growth Rate

The Reserve Bank of India's Monetary Policy Committee (MPC) member Shashanka Bhide has expressed confidence in the country's ability to sustain a robust growth...

RBI Report Foresees Sustained Economic Revival Through Infrastructure and Investment

In a recent release of the Reserve Bank of India's (RBI) Monetary Policy Report for April 2024, a promising outlook for India's economic trajectory...

Robust Growth Forecasted for India’s Capital Markets in 2024, $50 Billion Expected in Equity Issuances and Deals

Kotak Investment Banking projected a bustling year for India's capital markets, foreseeing a potential record-breaking performance surpassing 2021. Managing Director and CEO S Ramesh...

Finance Minister Nirmala Sitharaman’s Interim Budget 2024-25 Awaits, Expectations Soar for Income Tax Benefits

As anticipation mounts for Finance Minister Nirmala Sitharaman's presentation of the Interim Budget 2024-25 on February 1, taxpayers and industry experts are closely watching...

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