wilful defaulters

India’s banks in a bind over tax on outward remittances

Indian banks are gearing up for new regulations as RBI imposes a 20% tax on international card spending and outward remittances. #outwardremittances #tax #indianews Read more »
india financial literacy

Money matters: Financial literacy key to India’s prosperity

India must prioritise financial literacy to empower individuals, bridge knowledge gaps, and promote informed financial decision-making for a secure and prosperous future. #financialliteracy #indianeconomy #rbi #rbibulletin Read more »
Indian aviation, air India, indigo

IndiGo, Air India aircraft orders may be prelude to a bloodbath

India's airline industry is expected to witness stiff competition between Indigo and Air India, which is looking to consolidate the four airlines owned by the Tata Group. #IndiGo #aviation Read more »
indian economy

Indian economy shows positive momentum, but concerns linger

The Indian economy is showing resilience amid global challenges, but trade deficit, stagnation in services exports, and unequal growth continue to weigh on economic growth prospects. #economy #recession #trade Read more »
rupee

PSUs to pay Rs 63,056 crore election year dividend windfall to govt

PSUs will deliver record-breaking #dividend payout of Rs 63,056 crore to the government this year, raising hopes of high public spending in the election year. #PSU #govtrevenue #economy #GAIL #COAL Read more »
India's external debt

India’s remittance inflows face dramatic decline in 2023

India's remittance inflows face headwinds amid global economic uncertainties, reflecting the shifting dynamics and impact on high-skilled migrants and manufacturing sectors. #economy #indianews #remittances Read more »
monsoon

Patchy monsoon rains spell trouble for Indian economy

Monsoon rainfall deficiency grips India's agricultural heartland, raising concerns about rural demand and economic growth prospects. #monsoon #agriculture #Indianews #Biparjoy Read more »
Putin at BRICS summit

India’s strategic role in BRICS — bridging East and West

#BRICS can emerge as an alternative power center, challenging the existing world order and offering a platform for collaboration and rebalancing, write @Psm_cuts and Ambassador Amit Dasgupta. Read more »
EVs, electric vehicles

EVs in India: Electric two-wheelers adoption skyrockets

EVs in India: Electric two-wheelers adoption is on the rise despite challenges such as dependence on component imports, subsidy cuts, and absence of vehicle recycling and scrappage policies. #EVs #electricvehicles #indianews Read more »
telecom, BSNL

Government bets big on BSNL with $10.79 bn revival package

The BSNL revival package seeks to revive the struggling telecom operator by the bridging technological gap and enhancing security. #BSNL #Telecom #news Read more »