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RBI/2026-27/93 (Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Removal of 7 Entries

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May

RBI/DOR/2026-27/94 (Delhi)
Reserve Bank of India (Urban Co-operative Banks - Governance) Amendment Directions, 2026

28
May

RBI/DOR/2026-27/95 (Delhi)
Reserve Bank of India (Rural Co-operative Banks - Governance) Amendment Directions, 2026

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INDIAN ECONOMY

Government ready to take more measures to insulate economy

The Centre is ready to take more policy measures to help insulate the economy from the adverse impact of the West Asia conflict and will phase it out instead of rushing with announcements. The focus of these steps will be to ensure that there is enough availability of goods, raw material, inputs and finish...

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India considers spending curbs to protect fiscal deficit target

India’s government is weighing spending cuts across parts of the budget as higher oil prices inflate subsidy bills and threaten to derail its fiscal consolidation plans, according to officials familiar with the matter. The options have been reviewed in meetings with Finance Minister Nirmala Sitharaman over...

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India’s economy faces threats that currency band-aid can’t fix

India’s government and central bank took coordinated steps on Friday to spur foreign inflows, providing an immediate boost to the beleaguered currency. The challenge for policymakers will now be to sustain those flows in the face of economic threats beyond their control. The double-barreled intervention by...

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India can return to 7% GDP growth path in FY28 with macro stability, supply measures: CEA Nageswaran

India could return to a growth rate above 7% by FY28 if macroeconomic stability is maintained and supply-side measures continue, Chief Economic Adviser V Anantha Nageswaran said on Friday, even as rising global uncertainties weigh on the near-term outlook. His comments came hours after the Reserve Bank of ...

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India’s economy faces threats that currency band-aid can’t fix

India’s government and central bank took coordinated steps on Friday to spur foreign inflows, providing an immediate boost to the beleaguered currency. The challenge for policymakers will now be to sustain those flows in the face of economic threats beyond their control. The double-barreled intervention by...

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Economists expect the RBI to begin rate hike cycle in H2

While the Reserve Bank of India (RBI) held the policy repo rate steady for a third straight meeting, it raised its inflation forecast for FY27 by 50 basis points to 5.1%. However, most economists still anticipate the central bank will begin tightening in the second half of the year. Sakshi Gupta, principa...

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4% inflation target remains sacrosanct despite supply-side pressures: RBI Governor

Reserve Bank of India Governor Sanjay Malhotra and four Deputy Governors, in the post policy press conference on Friday said, the central bank remains committed to its 4% target despite a higher inflation outlook. They also expressed confidence that measures announced to attract foreign currency inflows will ...

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Petrol, diesel may need another Rs 5/litre hike as OMC losses persist

Petrol and diesel prices may need to be raised by another Rs 5 per litre despite multiple hikes over the past three weeks, as state-run oil marketing companies (OMCs) continue to incur under-recoveries of around Rs 610 crore every day amid elevated crude oil prices and fuel losses triggered by the West Asia c...

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India mounts rupee defence

In a sweeping and coordinated response to the mounting pressure on the rupee, the Centre and the Reserve Bank of India on Friday unveiled a package of measures designed to attract dollar inflows, arrest the currency’s slide and finance a current account deficit that could nearly double to 2% of GDP this fisca...

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Oil India finds natural gas in another Andaman well: What it could mean for India

Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Friday announced the finding of natural gas in the Andaman Sea, a development that could strengthen India’s efforts to increase domestic energy production and reduce dependence on imported fuel. The discovery was made at the Sri Vijayapuram-3 e...

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India’s Q4 GDP rises to 7.8% as domestic demand offsets external weakness

India’s economy grew 7.8% year-on-year in Q4FY26, and 7.7% YoY in FY26, according to the provisional estimates released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday. India’s real Gross Domestic Product (GDP) in Q4FY26 is estimated to grow at Rs 87.77 lakh crore, up from Rs 8...

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MARKET & FINANCE

Mutual fund houses restrict investments into gold ETFs, FoFs

Mutual fund (MF) houses are restricting large inflows into gold exchange traded funds (ETFs) and fund of funds (FoFs) feeding into such schemes in order to align with govt's recent policy of discouraging people from buying gold. Three large fund houses--HDFC MF, ICICI Prudential MF and Nippon India MF--h...

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RBI to soon release revised list of upper-layer NBFCs: Governor

The Reserve Bank of India (RBI) will release the list of upper-layer non-banking financial companies (NBFCs) soon, Governor Sanjay Malhotra said at the post-policy press conference. "The list is there already. So, it continues till the time we have a new list. We will do it (update) shortly," Malhotra said wi...

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Tax relief may not spur immediate FPI inflows to G-Secs, say experts

India is making an attempt to woo foreign portfolio investments (FPIs) to the government securities (G-Secs) market at a time when the market has been seeing weakness. On Friday, the government announced the exemption of 12.5% long-term capital gains tax on investments in G-Secs by foreign portfolio investors...

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GLOBAL CORPORATE

Apollo wraps up $35 billion debt to buy Al chips for Anthropic

Apollo Global Management Inc. and Blackstone Inc. have finalized a $35 billion financing package for Anthropic PBC to expand its Al infrastructure, marking the latest mega-deal in the artificial intelligence race. The debt deal priced across three tranches, according to people familiar with the matter. Th...

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Taiwan's Foxconn Raises Guidance for Second-Quarter Outlook

aiwan's Foxconn said on Friday that its second-quarter performance is likely to be well above its previously anticipated forecast of "significant" growth. Foxconn, which is Nvidia's biggest server maker and Apple's top iPhone assembler, does not provide numeric guidance for its outlook....

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INCOME TAX

Scrap dealer deposits Rs 1.28 crore cash, reports Rs 3 lakh income in ITR; faces Rs 44 lakh tax demand, ITAT intervenes

A Pune bench of the Income Tax Appellate Tribunal (ITAT) has come to the rescue of a scrap dealer who was saddled with a tax demand of nearly Rs 44 lakh after the Income Tax Department treated cash deposits in his bank account as unexplained money. The case involved Wajeed Khan, a scrap trader who had been...

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GLOBAL ECONOMY

Pakistan's $35 billion trade deficit rings alarm bells as PKR faces pressure despite forex gain

Pakistan's foreign exchange reserves are nearing the government's $18 billion target for FY26, but a widening trade deficit, mounting external payment obligations and pressure on the rupee are raising concerns about the country's ...

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Italy Statistics Bureau Sees Economy Growing by 0.7% This Year and Next

Italy's economy will grow by 0.7% this year, national statistics bureau ISTAT said on Friday, trimming a previous forecast of 0.8% made in December. In its twice-yearly economic outlook, ISTAT said gross domestic product (GDP) ...

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Signs Global Trade in Goods Is Starting to Slow, WTO Says

The World Trade Organization said on Friday there were signs global merchandise trade growth may be starting to slow, though it had shown resilience in the first half of 2026 in the face of widespread disruption sparked by the Mid...

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Canada Reports Unexpectedly Strong Job Growth, Drop in Unemployment

Canada's economy added 87,800 jobs and the unemployment rate fell to 6.6% in May, data showed on Friday, defying widespread expectations of only modest employment growth and showing some resilience despite signs of softer economic...

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Canada's Ivey PMI Rises to Eight-Month High in May

Canadian economic activity expanded at a faster pace in May and inflation pressures heated up, Ivey Purchasing Managers Index (PMI) data showed on Friday. The seasonally adjusted index rose to 58.2 from 57.7 in April, marking t...

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Analysis-Global Oil Inventories Depleted, Next Price Spike Could Roil Economies, Markets

Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn there could be another oil price shock in the coming...

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US economy adds 172,000 jobs in May, smashing forecasts amid ongoing US-Iran war

The American labour market proved strong in May, with the economy adding 172,000 jobs and the unemployment rate holding steady at 4.3%, according to data released by the Bureau of Labor Statistics. ...

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INDIAN CORPORATE

Green SM launches EV cab service in Delhi NCR, plans 10,000-vehicle fleet

VinFast parent Vingroup’s electric mobility arm Green SM on Thursday entered the Indian market with the launch of its electric ride-hailing service, Green SM Limo, in Delhi NCR, marking its first expansion into South Asia. The ...

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Green SM launches EV cab service in Delhi NCR, plans 10,000-vehicle fleet

VinFast parent Vingroup’s electric mobility arm Green SM on Thursday entered the Indian market with the launch of its electric ride-hailing service, Green SM Limo, in Delhi NCR, marking its first expansion into South Asia. The ...

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