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RBI not in favour of offshore settlement for government ?securities, sources say
The RBI is steering clear of offshore settlement for government securities, preferring foreign investors to trade directly on the domestic NDS-OM platform. Despite recent tax incentives, the RBI aims to consolidate liquidity locally for better price discovery and ease of trading, ensuring a unified market.
India's Comptroller and Auditor General, K Sanjay Murthy, urged state governments to fully disclose their off-budget borrowings. He highlighted that these liabilities have reached ₹90.51 lakh crore. States are advised to reduce these debts over time. Accurate reporting is crucial for understanding the true scale of state finances and ensuring fiscal transparency. This will aid informed decision-making by policymakers.
Fiscal stress deepens across states as all 28 post deficits in FY25: CAG report
India's states continued to face mounting fiscal pressures in 2024-25, with all 28 states reporting fiscal deficits and their combined liabilities rising to Rs 90.51 lakh crore as of March 31, 2025, according to the Comptroller and Auditor General's (CAG) report State Finances 2024-25 released on Monday.
India will do more to boost inflows: Finance Minister Nirmala Sitharaman
India plans further measures to attract foreign capital. Finance Minister Nirmala Sitharaman stated that additional steps will be taken if required to boost capital inflows. These actions follow recent tax relief and banking regulator initiatives aimed at strengthening the Indian market. The government is committed to ensuring the necessary investments enter the country.
India's forex reserves drop $711 million to $681.610 billion, RBI data shows
India's foreign exchange reserves saw a dip of $711 million, settling at $681.610 billion by June 5. This decline was primarily driven by a significant drop in foreign currency assets, which fell by $2.704 billion. However, the value of gold reserves experienced an increase of $1.975 billion during the same period.
Chhattisgarh attracts Rs 9,500 crore in fresh investment MoUs
Chhattisgarh secured investment MoUs exceeding Rs 9,500 crore from seven companies. This initiative is projected to generate more than 7,800 employment opportunities. Investments are targeted in sectors such as pharmaceuticals, solar component manufacturing, and dairy. The state's Chief Minister highlighted the successful implementation of new industrial policies, attracting significant proposals. Investors are encouraged to contribute to the state's growth.
Credit guarantee scheme for MFI 2.0 gets extension
The Credit Guarantee Scheme for Microfinance Institutions-2.0 has been extended. This extension will last until August or until guarantees worth ₹20,000 crore are issued. The maximum loan amount for large NBFC-MFIs and MFIs has been raised to ₹1,000 crore. This aims to boost credit flow to the microfinance sector. Loans totaling ₹770 crore have been sanctioned so far.
Over 1 lakh guarantees totalling Rs 48,484 cr issued under ECLG scheme since May 5: FinMin
The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has seen over 1 lakh guarantees issued, totaling Rs 48,484 crore in just one month. This initiative, aimed at addressing liquidity challenges from the West Asia crisis, primarily benefits the MSME sector, with public sector banks playing a significant role in its rapid adoption.
India's outward FDI commitments fall 49% month-on-month to $4.49 bn in May: RBI data
India's outward FDI commitments saw a significant 49.02% month-on-month drop to USD 4.49 billion in May 2026, primarily due to reduced equity investments, loans, and guarantees. Despite this decline, total financial commitments by Indian entities overseas increased by 34.6% year-on-year.
Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31
The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 crore in guarantees are issued. The maximum loan amount for large NBFC-MFIs and MFIs has also been raised to Rs 1,000 crore. These changes aim to boost credit flow to the MFI sector, with Rs 770 crore already sanctioned.
Income tax burden reduction over 12 years reflects 'Ramrajya', government says
A government booklet marks Narendra Modi's tenure as India's longest-serving Prime Minister. It highlights tax reductions and reforms like GST and Digital India. These initiatives have built public trust and supported India's journey towards becoming a USD 5-trillion economy. Increased taxpayer confidence fuels investment in national development.
Govt raises nearly Rs 20,000 crore through disinvestment, asset sales as West Asia conflict swells subsidy burden
The Centre has raised nearly Rs 20,000 crore through stake sales and asset monetisation in the first two months of this financial year. This comes as the government faces rising energy and fertiliser costs. Officials are working to boost non-tax revenues to meet spending pressures. The government has also provided support to the oil sector.
India's current account deficit to stand at 1.8% of GDP for FY27: ICICI Bank Global Market Report
India is expected to see a current account deficit of 1.8 per cent of GDP in FY27 as against around 2 per cent projected earlier. This adjustment follows a stable outturn in the external sector during the preceding fiscal year despite a widening trade deficit.
Earth observation can add USD 263 billion in annual economic value globally: Report
Earth observation data offers a massive economic opportunity, potentially worth over USD 700 billion annually. However, a significant portion, around USD 263 billion, remains untapped. This is due to hurdles in accessing, processing, and using the data effectively. The World Economic Forum report highlights how overcoming these challenges can drive economic growth and sustainability globally.
CEA Nageswaran backs CAG audit of local bodies
Chief economic adviser V Anantha Nageswaran calls for Comptroller and Auditor General of India audits for Panchayati Raj institutions. This aims to boost transparency and create essential data for State Finance Commissions. Current data gaps hinder effective policy guidance. Uniform accounting heads are also proposed for better fiscal accountability of states.