Economy

IBBI has flagged potential misuse of the IBC and asked insolvency professionals to watch for red flags including creditor dominance, low competition and related-party transactions.

During his earlier prediction on September 2, Musk said humanoid robots and sophisticated artificial intelligence will propel a significant increase in global productivity, perhaps boosting the global economy by 20% to 30%.

Ghosh highlighted the cess was introduced for a brief period to enable GST transition and was discontinued from April 2026 after the restructuring of GST rates.

CBIC says GST growth must be measured on comparable tax bases, rejecting claims that cess was "quietly excluded" from revenue calculations.

Moody's expects FCNR(B) inflows to lift bank deposits, ease funding pressures and support lending growth, while NIM pressure gradually moderates.

Global rice prices are climbing as India, Thailand and Vietnam face supply pressures, while Asian countries stockpile the grain amid weather and food security concerns.

Ex-mill prices have fallen to Rs 43-44 a kg from a peak of Rs 65-67 a kg.

Amitabh Chaudhry expects 15-16% credit growth in FY27 and warns banks to be cautious in deploying FCNR(B) deposits, while anticipating an RBI rate hike soon.

The Cabinet Committee on Economic Affairs has approved three railway multi-tracking projects worth Rs 10,783 crore across five states. The projects will add about 656 km to the network and are targeted for completion by 2029-30.

The proposed legislation is aimed at creating a legal and regulatory architecture under which immovable assets can be digitised and represented through tokens based on the underlying value of the property.

Brent climbed to around $99 a barrel, its highest level in weeks, while West Texas Intermediate traded near $95.

The Canadian Prime Minister warned the "harsh reality" of the US tariffs will hurt some Canadians more than others "by design."