The RBI Governor's comments confirmed NDTV Profit's newsbreak on July 17 when official sources told the channel about the first pilot rollout.
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The RBI Governor's comments confirmed NDTV Profit's newsbreak on July 17 when official sources told the channel about the first pilot rollout.
The proposed amendments are expected to improve the ease of doing business by introducing simpler tax rules and streamlining compliance processes.
Under current laws, banks and payment system providers are strictly barred from levying a Merchant Discount Rate (MDR) on transactions routed through UPI and RuPay debit cards. The new Bill, however, scraps this statutory "zero-MDR" provision.
The current framework for zero MDR will be replaced with a notification-based mechanism. The amendment will empower the Central Government to notify the digital payment modes that will continue to enjoy exemption from MDR.
The final market closing numbers were purely driven by market forces and reflected the actual demand-supply gap in the system, the sources said.
Finance Minister Nirmala Sitharaman is likely to move the Tax Amendment Bill, 2026 along with additional tax measures in Lok Sabha early this week.
Gross GST collections in July rose 15.4% to over Rs 2.11 lakh crore, driven by increased revenues from domestic transactions and imports.
The Cabinet is likely to approve an Rs 84,000 crore deep-sea oil and gas exploration programme aimed at boosting domestic production and reducing import dependence.
SEBI is likely to greenlight the DRHP by Mid-August, sources said. International roadshows are currently underway for the issue, and NSE is also engaging domestic institutional investors as part of the IPO outreach.
Beijing is expected to closely examine proposed investments, including equity participation, technology transfers and governance rights before granting approvals.
The introduction of polymer banknotes will not replace the existing paper currency. Instead, polymer and paper banknotes will coexist.
Speaking to NDTV Profit, Rajesh Agarwal said tariff negotiations are in the final phase as India seeks lower duties to boost exports before operationalising the proposed US trade pact.
The government currently holds a 92.44% stake in Indian Overseas Bank and is expected to soon launch the OFS to pare its shareholding.
Only about Rs 2 lakh crore of the fund house's nearly Rs 13 lakh crore in assets under management comes through SBI Bank branches, Debasish Mishra says.
Debasish Mishra says the asset manager is listing as part of its next phase of growth rather than to raise fresh capital.
SEBI's revised ethics framework mandates stricter disclosures, curbs non-permitted investments and introduces a two-year cooling-off period for employees.
LIC Stake Sale: Preparations for the stake sale are already underway, with investor roadshows having recently concluded. These roadshows, which spanned across major financial hubs including Mumbai, Singapore, the UK, and the US, generated positive feedback from both domestic and overseas investors.
According to sources, the Centre is aiming to conclude the stake sale in FY27 and expects to realise around Rs 50,000-55,000 crore from the transaction.
The export levy has been fixed at Rs 4 per litre on petrol, Rs 8.5 per litre on diesel and Rs 7.5 per litre on ATF.
PM chairs nearly four-hour review on governance reforms as ministries present priorities for Viksit Bharat 2047