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RBI
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12
May
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RBI/2026-27/62
(Delhi)
Reserve Bank of India (Regional Rural Banks – Responsible Business Conduct)
Amendment Directions, 2026
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12
May
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RBI/2026-27/60
(Delhi)
Reserve Bank of India (Regional Rural Banks – Resolution of Stressed Assets)
Amendment Directions, 2026
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12
May
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RBI/2026-27/61
(Delhi)
Reserve Bank of India (Regional Rural Banks – Income Recognition, Asset
Classification and Provisioning) Amendment Directions, 2026
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INDIAN ECONOMY
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Oil Minister Hardeep Singh Puri ruled out any sudden increase in fuel prices. Clarifying on the assumption that petrol prices will rise suddenly because of Iran-US war especially when Assembly Elections are over, he highlighted how petrol and diesel prices have remained relatively stable in the past 4 years.
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India is facing a “live balance of payments stress test” due to the ongoing West Asia crisis, but the country’s macroeconomic fundamentals and reform momentum place it in a stronger position than many emerging economies to weather the turbulence, chief economic advisor V Anantha Nageswaran said on Tuesday.
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Retail food inflation remained in positive territory for four consecutive months in April, with a year-on-year rise of 4.2% in the relevant index, as tomatoes and coconuts became costlier.
Sequentially, All India Consumer Food Price Index (CFPI) rose by 0.25% last month, compared to March, 2026. Food infla...
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Commerce and Industry Minister Piyush Goyal on Tuesday said the ongoing global challenges should act as a wake-up call for domestic industry to become self-efficient and productive, make better use of free trade agreements (FTAs), and reduce dependence on imports to strengthen the economy.
Addressing the C...
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The Comprehensive Economic Partnership Agreement (CEPA) between India and Oman is likely to come into effect from June 1 while the free trade agreement with Chile can be finalised if India can get a good deal on critical minerals, Commerce and Industry Minister Piyush Goyal said Tuesday.
“I have had a very...
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Market veteran and celebrated banker Uday Kotak said that India needs to reduce its dependence on foreign capital and focus on building a strong domestic pool of long-term risk capital to achieve true economic self-reliance.
Speaking at a Confederation of Indian Industry (CII) event, Kotak said a genuinely...
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India’s economic discourse has always preferred optimism to realism. Even when growth slows, demand weakens, or global risks rise, policymakers and industry forums rarely deviate from the script: India will remain the world’s fastest-growing major economy; consumption will rebound next quarter; reforms are ar...
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The ongoing tensions in West Asia have not yet significantly impacted India's retail inflation, but the future trajectory of inflation will depend on fuel price pass-through and progress in summer crop coverage, according to a report by the State Bank of India.
According to the report, inflation trends in ...
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The ongoing conflict in West Asia has not yet had a major impact on India's retail inflation, though future price trends will depend on fuel costs, crop coverage and global supply conditions, according to a report by State Bank of India.
The report said the trajectory of inflation in the coming months wou...
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MARKET & FINANCE
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At a time when the US equity market is hitting new highs and major Asian indices are going through a strong bull run phase, the Indian market has come under a severe bearish spell. Take this, Korea’s Kospi has gained 193% in one year while Taiwan Weighted is up almost 100%. Japan’s Nikkei, the US’ Nasdaq and ...
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The Prime Minister’s Office (PMO) is coordinating with various ministries and anchoring efforts to identify fresh opportunities to bolster foreign investments and exports besides reducing non-essential imports as India looks to contain the fallout of the West Asia war on its growth, inflation and current acco...
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GLOBAL CORPORATE
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U.S. electric vehicle maker Tesla will increase its investment in battery cell production at its plant outside Berlin by almost $250 million, boosting its capacity target for the site, the company said on Tuesday.
Tesla announced in December investments amounting to almost 1 billion euros ($1.2 billion) at...
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Boeing booked 135 net new orders in April, nearly matching its total in the first three months of the year, the company said on Tuesday.
Through the first four months of the year, Boeing has booked 284 new orders after adjusting for cancellations and conversions. That is the highest total for that period s...
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Global demand for electric vehicles rose for a second straight month in April as high petrol prices kept steering buyers away from combustion-engine cars, data from consultancy Benchmark Mineral Intelligence showed on Wednesday.
Registrations of new battery-electric vehicles and plug-in hybrid electric veh...
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China and the U.S. are considering extending a truce on Chinese rare earth export curbs at a leaders' summit this week, but Chinese customs data shows Beijing is still throttling shipments of the materials vital for defence and manufacturing.
The resulting shortages and higher prices around the world under...
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Senior officials from the US and China on Wednesday began a fresh round of trade talks in Seoul, South Korea, just hours before US President Donald Trump is scheduled to arrive in Beijing.
Chinese and US delegations convened for the talks at Incheon International Airport, China’s state news agency Xinhua r...
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Banking
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Indian banks expect corporate loans to expand in double digits this fiscal, led by demand from diverse sectors such as renewable energy, infrastructure, auto manufacturing and data centres.
Several large lenders, such as State Bank of India (SBI), Bank of Baroda (BoB) and Canara Bank, have a strong corpora...
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The Reserve Bank of India (RBI) on Tuesday cancelled the banking licence of Mumbai-based Sarvodaya Co-operative Bank, citing poor financial health, inadequate capital and weak earning prospects.
With the cancellation coming into effect from the close of business on May 12, 2026, the bank can no longer carr...
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GLOBAL ECONOMY
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Governments worldwide are trying to shield consumers from soaring energy costs resulting from the U.S.-Israeli war on Iran.
Here's how different countries are responding:
ARGENTINA
Argentina's government partially increased...
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Argentina's country risk hit its lowest level since the beginning of February as confidence in the government's ability to pay back its debt grows, triggering talk about whether it is time for the South American country to return ...
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Heavy-truck maker Oshkosh Corp and toy maker Basic Fun on Tuesday both said they had received partial payments of the refunds they had sought of the import tariffs they had paid under the Trump administration that were invalidated...
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French companies have so far absorbed the shock from the conflict in the Middle East, but pervasive uncertainty and higher energy costs are beginning to test the economy's resilience, the central bank said on Tuesday in its monthl...
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Credit ratings agency S&P on Tuesday revised Mexico's outlook to "negative" from "stable", citing the risk of very slow fiscal consolidation largely due to weak economic growth that could lead to a faster-than-expected buildup in ...
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New Zealand will keep a tight rein on day-to-day spending in this year's budget while increasing capital investment to strengthen infrastructure, defence and energy resilience, Prime Minister Christopher Luxon said in a pre-Budget...
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The Bank of Japan is projected to raise its short-term policy rate to 2% from 0.75% currently by the end of 2027, as robust domestic demand will help the economy absorb external shocks from the Middle East conflict, the OECD on We...
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New Zealand's near-term rate of inflation is expected to rise over the coming two years, a Reserve Bank of New Zealand (RBNZ) survey showed on Wednesday.
Inflation expectations for two years, seen as the time frame when RBNZ po...
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INDIAN CORPORATE
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Beating analyst estimates, Tata Power posted a net profit (attributable to owners) of Rs 996 crore in Q4FY26. Profits were down 4.5% compared to Rs 1043 crore it posted in the corresponding quarter of previous financial year. Sequ...
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Vodafone Idea (Vi) Tuesday said its board will consider a fundraising proposal on May 16, as the debt-laden telecom operator seeks to bolster its balance sheet to continue operations and battle bigger rivals Reliance Jio and Bhar...
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