Ruchika Chitravanshi

Impact of 50% US tariff would be concentrated in Q2: CEA Nageswaran

The CEA said that while it was difficult to calculate the precise impact of the US tariff on the growth at this point, the removal of uncertainty can unleash higher growth in the coming quarters

Prebudget meetings for FY27 to start on October 9, Finance Ministry says

The Finance Ministry issued the Budget circular for FY27 announcing prebudget meetings from October 9 to mid-November to review expenditure needs and receipts of ministries

Fiscal deficit at 29.9% of budget estimates in April-July FY26: CGA data

April-July data shows rising capex and RBI dividend boost, but tax revenue contraction widened India's fiscal deficit

Centre appoints former RBI Governor Urjit Patel as IMF's executive director

Patel's appointment comes four months after Krishnamurthy Subramanian was recalled by the government from IMF

CCI, MeitY to work together on competition and data protection issues

This was decided on Thursday in a high-level meeting of representatives of the Competition Commission of India (CCI) and the Ministry of Electronics and Information Technology (Meity)

Hopeful of achieving some fine-tuning of DTAA soon: Mauritius minister

Mauritius minister Jyoti Jeetun says fine-tuning of tax treaty with India is underway, stressing partnership in Africa and scope for local currency trade

Setbacks make us stronger, more agile: Finmin on tariff challenge

India's economic review warns of tariff-related challenges but says reforms, FTAs, and strong fundamentals will support growth

CCI approves Adani Enterprises' plan to acquire Jaiprakash Associates

CCI approved Adani Enterprises' plan to acquire JAL under the insolvency process, even as rival bids from Dalmia, Vedanta, Jindal and PNC Infratech remain under review

Changes to insolvency rules welcome, but complex cases may overwhelm system

While many of the proposed amendments to the IBC, such as cross-border and group insolvency, will make the resolution process smoother, certain issues such as limited judicial capacity could weaken

Fitch Ratings affirms India's credit rating at 'BBB-' on robust growth

Fitch affirms India's sovereign rating at 'BBB-' with a stable outlook, citing strong growth and external resilience, even as high debt and tariff risks remain

Lenders likely to resolve JAL insolvency through a challenge mode

Creditors' total admitted claims against JAL stand at over ₹59,000 crore. In all offers, the banks will end up taking a haircut of up to 79 per cent of their claims

Parliamentary panel for export policy reset, manufacturing focus

The Standing Committee on Finance urges recalibrating India's export strategy with a focus on manufacturing competitiveness, AI, market diversification, and addressing geopolitical uncertainties.

GST rationalisation could boost India's revenue in long term: S&P

S&P Global Ratings analysts say that the GST rationalisation reforms could boost India's fiscal revenues over the long term due to simpler implementation and clearer accounting processes

Centre released ₹36,000 cr to states so far under special assistance scheme

The Centre has disbursed ₹36,027 crore to states and UTs under SASCI till August 11, with Uttar Pradesh receiving the highest share, followed by Bihar, Rajasthan and MP

PM internship scheme: 30% offers accepted in second pilot so far

The written reply in Lok Sabha stated that in the second round, which started on January 9, 2025, companies posted 82,110 internship opportunities, and 24,131 were accepted as of August 12, 2025

Bidders file fresh JAL plans as CoC weighs challenge round decision

Bidders have revised plans for Jaiprakash Associates after lender talks, but key legal hurdles remain as CoC weighs whether to renegotiate or hold a challenge round

Govt to set up task force to carry out next-gen reforms: PM Modi

Prime Minister Modi announces a task force to revamp economic laws, cut compliance costs, and boost India's competitiveness as part of the 2047 developed nation vision

S&P upgrades India's credit rating to 'BBB' after 18 years, outlook stable

Upgrades by a notch to BBB amid US tariff jitters; FinMin says it's an affirmation of fiscal management

IBC Bill proposed wider look-back period for preferential transactions

Amendments target asset exclusion tactics, enable partial resolutions, and streamline insolvency process

IBBI urges CoCs to scrutinise information memorandums of insolvent firms

The regulator has also sought audit extracts from creditors to help resolution professionals prepare complete and reliable IMs for corporate insolvency cases