INDIAN ECONOMY
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The new model bilateral investment treaty (BIT), which will address concerns of several countries and streamline investment negotiation procedures, while ensuring investor protection is in final stage and is likely to be approved by govt soon. The approval will pave the way for it to be rolled out along with ...
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Infrastructure projects worth more than Rs 150 crore each recorded a cumulative cost overrun of around Rs 2,88,122 crore, according to a monthly government report for August 2026.
A total of 1,731 ongoing infrastructure projects across 17 central ministries/ departments were monitored, and it was found that ...
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The central board of indirect taxes and customs (CBIC) customs authority has eased documentation requirements for importers seeking preferential tariffs under the India-UK trade agreement, saying a valid origin declaration from a UK exporter or producer will generally be sufficient proof of origin and that Fo...
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Foreign secretary Vikram Misri held a series of meetings in New York, including with US undersecretary of state Allison Hooker, on Thursday and raised India's concerns over the Russia and Iran sanctions Act and its potential adverse impact on bilateral ties.
While the conversation between Misri and Hooker, a...
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India's financial and external sectors continue to draw strength from a resilient domestic economy, though escalating geopolitical tensions and weather-related uncertainties remain key downside risks, RBI Bulletin said on Friday.
The escalation of conflict in West Asia in September has led to a sharp incre...
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The Union government will raise Rs 7.86 lakh crore from securities in the second half of this fiscal year, reducing the total borrowing for the current financial year by a whopping Rs 1,20,494 crore despite global headwinds.
The reduction in total borrowing indicates the government’s commitment to fiscal p...
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Elevated global prices of finished products and LNG, the major feedstock for domestic urea production, resulted in the government spending over Rs 1.14 lakh crore on fertiliser subsidy in the first half of the current fiscal.
That’s about 65% of the budget estimate of Rs 1.76 lakh crore for FY27. Sources t...
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Despite geopolitical tensions re-escalating in West Asia and rising energy prices, Indian economy continues to be resilient, the Reserve Bank of India (RBI) staff said in the monthly Bulletin. India’s financial and external sectors are drawing strength from the real economy, although geopolitical tensions and...
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The Centre on Friday announced a plan to borrow Rs 7.86 lakh crore from the market on a gross basis in the second half of the current financial year, in sync with market expectations, which will help ease pressure on bond yields. Gross market borrowing for the whole financial year has been reduced to Rs 16 la...
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India’s recent Foreign Currency Non-Resident (Bank), or FCNR (B), mobilisation was a “fortuitous case of timing”, as banks would not have been able to mobilise deposits on the same terms had the exercise taken place amid the latest spike in global yields, Chief Economic Advisor V Anantha Nageswaran said on Fr...
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India could face an additional $1.8-3.7 billion annual oil bill if it replaces just 1 million barrels per day (bpd) of Russian crude with supplies costing $5-10 a barrel more, highlighting the potential cost of any sharp shift in sourcing under US tariff pressure.
Replacing around 2 million bpd could rough...
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MARKET & FINANCE
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Rising US bond yields are creating fresh concerns for Indian markets. However, for Indian banks, the impact is likely to remain mixed. Brokerages and analysts believe that some lenders may benefit from higher lending rates while others could face pressure from rising funding costs and weaker treasury income.
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The Reserve Bank of India’s foreign exchange reserves fell by $14.88 billion to $765.90 billion for the week ended September 18, marking the sharpest weekly decline since November 2024, according to data released on Friday. In the previous week, reserves had declined by $4.92 billion to $780.78 billion.
Th...
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A growing wall of US corporate debt is set to mature from 2027, putting pressure on companies to refinance borrowings raised at ultra-low interest rates during the pandemic.
About $4.3 trillion of non-financial corporate bonds issued in US markets will mature between 2027 and 2031, a Reuters analysis of LS...
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GLOBAL CORPORATE
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Peru expects to boost annual copper production by about 1 million metric tons within 5 to 6 years through new mining projects, as Chinese and US companies weigh investments amid broader competition for critical minerals in South America, Peru's Energy and Mines Minister told Reuters.
Peru, the world's thir...
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The top executive of KoBold Metals said Western miners can match China's pace in developing critical minerals projects in Africa without compromising compliance standards as long as governments streamline approvals and improve coordination among regulators.
California-based KoBold, an exploration firm back...
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Banking
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Bank deposit growth in August reached its highest level in 15 years, contributing to a moderation in the incremental credit-deposit (CD) ratio, according to the Reserve Bank of India's September bulletin.
Both credit and deposits sustained strong growth in September, despite some moderation, the central ba...
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The Reserve Bank of India (RBI) flagged in its September 2026 bulletin how the risk landscape, including threat to cybersecurity, is evolving rapidly as technology continues to transform banking. The report analyses Artificial Intelligence (AI) as both a risk and an opportunity.
AI: Risk or opportunity?
T...
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MUMBAI: UPI's new merchant fee is intended to recover
some of the cost that the payments system has so far absorbed. Dilip Asbe, MD & CEO of NPCI, put the annual cost to the banking system at about Rs 21,000 crore, including Rs 2,000 crore to Rs 3,000 crore for SBI. In a fireside chat with SBI DMD Chander Sh...
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India’s credit card spending growth slowed to 5.5% year-on-year in August 2026. This was down from 7.1% in July, according to a report by Jefferies. For SBI Cards, the slowdown was sharper. Its spending growth fell to 7% year-on-year from 22% in July. The company’s share of industry spending also dropped, fro...
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GLOBAL ECONOMY
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US consumer sentiment slipped to a four-month low in September amid worries that rising inflation would erode households' purchasing power, a survey showed on Friday....
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France must do everything possible to avoid a sovereign debt crisis as its presidential election next year approaches, Bank of France Governor Emmanuel Moulin said on Friday, adding that it would be misguided to expect the Europea...
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Indonesia's rupiah was set for its biggest weekly fall since late May on Friday, pressured by rising US Treasury yields, a stronger dollar and expectations that US interest rates will remain higher for longer....
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Last month, on a visit to a machinery factory near Qingdao in China's eastern Shandong province, I saw what seemed to be an unseemly number of cars - probably over 60 - parked in and around a complex that, at best, employs 100 wor...
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INDIAN CORPORATE
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Decathlon Sports India has raised its FY30 revenue target to Rs 10,000 crore from the earlier Rs 8,000 crore as the multi-specialist sports retailer bets on rapid expansion of the country’s sports market and rising consumer demand...
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Highlighting his vision for West Bengal's industrial growth and its role in India's trillion-dollar economy, Adani Group Chairman Gautam Adani visited Kolkata on Friday. He laid the foundation stone for the Rs 4,000-crore, 2,000-b...
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State-run power utility NTPC Limited and EDF Power Solutions India Private Limited, a wholly owned arm of French power company EDF, have entered into a 50:50 joint venture agreement to develop and operate low-carbon energy infrast...
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