The Indian government has formed an inter-ministerial committee, led by Niti Aayog CEO B V R Subrahmanyam, to develop a comprehensive framework for the National Manufacturing Mission, announced in the 2025 Union Budget.The mission aims to increase the manufacturing sector’s contribution to India’s ...

The EY Economy Watch report projects India’s GDP growth at 6.5% for FY26, stressing the need for a balanced fiscal strategy that promotes economic expansion while maintaining fiscal prudence. It highlights the importance of government investment in education and healthcare, a higher revenue-to-GDP ...

US President Donald Trump has declared a 25% tariff on imported cars and auto parts, set to kick in next week. This decision is anticipated to ripple across the globe, impacting markets in the European Union (EU), Canada, India, and China. Although Indian car manufacturers may not feel the pinch ...

The Government of India has made the decision to put an end to the medium- and long-term parts of the Gold Monetisation Scheme (GMS). This change, which will take effect on March 26, 2025, comes as gold prices continue to rise and following a thorough evaluation of how the scheme has been ...

On March 25, 2025, the Lok Sabha passed the Finance Bill 2025, which included 35 amendments proposed by the government. One of the most notable changes is the elimination of the six percent digital tax on online advertisements. This marks the end of the Budgetary approval process in the Lower ...

In a significant achievement for India’s floriculture industry, especially in the North Eastern Region (NER), the Agricultural and Processed Food Products Export Development Authority (APEDA) has successfully overseen the first-ever export of Anthurium flowers from Mizoram to Singapore. The ...

The Insurance Regulatory and Development Authority of India (IRDAI) has officially announced the addition of five new members to the restructured Insurance Advisory Committee. These appointments are made in accordance with Section 25 of the IRDA Act, 1999, and Regulation 3A of the IRDA (Insurance ...

The Finance Ministry has reported to the Lok Sabha that public sector banks (PSBs) have transferred over ₹45,000 crore in unclaimed deposits to the Depositor Education and Awareness (DEA) Fund during the period from 2019-20 to 2024-25 (up to December 31, 2024). This fund is managed by the Reserve ...

According to a report from Morgan Stanley, India’s GDP is on track to grow to an impressive $5.7 trillion by the fiscal year 2028, which would make it the third-largest economy in the world, surpassing both Germany and Japan. Right now, India holds the title of the fifth-largest economy, but it’s ...

India’s digital payment ecosystem has witnessed a remarkable surge, with total transactions crossing 18,000 crore in FY 2024-25 (till January 2025). This impressive growth is mainly fueled by the rise of UPI, better partnerships in the fintech space, and government efforts to encourage cashless ...