Economy

The RBI is widely expected to keep the repo rate at 5.25%, shifting attention to its inflation outlook, signals on future rate increases, the rupee and liquidity.

Even with the moderation in hiring, the report showed wage growth for those who switched jobs picked up to the strongest pace in nearly a year.

New framework allows export-only inventory-based e-commerce through registered entities, aiming to boost MSME access to global online markets with tighter compliance safeguards.

RBI Monetary Policy LIVE: The RBI's six-member rate panel, which includes three external members, voted unanimously to keep rates on hold, in-line with D-Street expectations. The rate-setting panel also retained the policy stance at 'neutral'.

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 RBI targets inflation at the 4% midpoint of the tolerance band, and Malhotra has said policymakers would respond only if price pressures become more broad-based rather than driven by temporary supply shocks.

Here is a brief overview of the MPC meet decisions for those who missed it

India's services PMI fell to 53.3 in July from 57.4 in June, while the Composite PMI dropped to its lowest level since March 2022 as growth in new business weakened.

The RBI lowered its FY27 CPI inflation forecast to 5% from 5.1% as the Monetary Policy Committee kept the repo rate unchanged at 5.25%, while flagging risks from food and fuel prices, rainfall patterns and volatile global oil prices.

29 of 30 economists polled by Bloomberg said that the central bank's six-member Monetary Policy Committee, headed by Governor Sanjay Malhotra, is expected to leave the repurchase rate unchanged at 5.25%.

The governor said the central bank has seen resilience in domestic high-frequency indicators, while early June-quarter corporate earnings have also exhibited resilience.

The RBI's three-day Monetary Policy Committee meeting concludes on Aug. 5, with Governor Sanjay Malhotra set to announce the policy decision amid inflationary pressure.

Finance Minister Nirmala Sitharaman has clarified that the government has no proposal to amend or replace the Unified Pension Scheme.

Nasscom said the move improves tax certainty for foreign companies, eases compliance requirements for cloud service providers, and lowers the approval burden on Indian data centres.

A quick guide to the proposed tax changes, sector-wise incentives and their likely impact.

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.

China produces more than it consumes and runs a persistent trade surplus. Economists agree on the imbalance, but a stronger yuan versus structural reform has opened a deeper debate over how Beijing should respond.

Foreign lenders who generally run significant large dollar balance sheets and want to increase their exposure to India are in pole position to provide the funding or help arrange bond sales.

Brokerages expect RBI's FCNR(B) mobilisation scheme to attract up to $100 billion in inflows, with private and foreign banks emerging as the biggest beneficiaries while system liquidity improves.