MUMBAI: Banks’ bad loans, which are at a multi-decadal low, are expected to rise marginally to 1.9% by March 2028 under a baseline scenario from 1.8% in March 2026, even as capital ratios are projected to moderate over the same period according to RBI’s bi-annual Financial Stability Report. According to the macro stress test results…
Seeking mobile numbers for policy information ‘dark pattern’: Irdai chief Ajay Seth (Image/ANI) MUMBAI: Irdai has flagged insurers seeking personal information to provide quotes or policy details as a ‘dark pattern’ and has commissioned a study by a public policy institute to define and track such practices over nine months. Speaking at an event organised…
The world’s third-largest oil importer received around 2.70 million barrels per day (bpd) of Russian crude during June India’s imports of Russian crude oil climbed to a record high in June as refiners increased purchases of discounted barrels to offset supply risks linked to disruptions around the Strait of Hormuz, according to preliminary ship-tracking data…
45% of homes will need electrical upgrades to charge EVs: Study NEW DELHI: Amid the push for EVs and Delhi govt’s policy of stopping registration of CNG- and petrol-fuelled threewheelers from Jan 2027 and two-wheelers from April 2028, a study released Tuesday has found nearly 45% of Indian homes need electrical upgrades to safely charge…
GST’s taxpayer base has expanded significantly since its rollout, rising from 66.5 lakh in 2017 to 1.65 crore as of May 2026, reflecting greater formalisation of the economy. When the Goods and Services Tax (GST) was rolled out on July 1, 2017, it marked India’s biggest overhaul of indirect taxation since Independence. Replacing a patchwork…
MUMBAI: India’s invisible surplus widened sharply in the quarter ended Mar 2026 and over FY26, driven by strong services exports and higher remittances, while primary income outflows remained contained.The surplus rose to $90,513.93 million in Q4 FY26, up 24.05% from $72,968.57 million a year earlier. For FY26, it expanded to $312,047.60 million, up 18.20% from…
NEW DELHI: The Centre on Tuesday revised the windfall tax on fuel exports, increasing the levy on petrol while reducing duties on diesel and aviation turbine fuel (ATF). The revised rates will come into effect from July 1.According to a finance ministry notification, the special additional excise duty (SAED) on petrol exports has been increased…
Despite gains, the S&P 500 and Nasdaq remained on course to end June with their first monthly declines after two strong months US stocks traded mixed to higher on Tuesday, the final trading session of June, with investors balancing a rebound in artificial intelligence (AI) stocks, resilient economic data and lingering concerns over interest rates…
The report said the motivation behind buying gold is becoming increasingly strategic Central banks across the world are increasing their gold holdings as geopolitical tensions reshape reserve management strategies, with many also planning to reduce their exposure to the US dollar over the coming decade, according to a new survey by the Official Monetary and…
Oil prices were on track on Tuesday for their biggest quarterly decline since the early months of the Covid-19 pandemic in 2020, as investors closely monitored the possibility of fresh US-Iran talks amid growing uncertainty over a fragile ceasefire agreement.Brent crude futures for August delivery, which expire on Tuesday, rose 12 cents, or 0.16%, to…
