Finance-Economy-News-The Economic Times - Seite 3 
RBI says 98.45 pc of withdrawn Rs 2,000 banknotes returned
The Reserve Bank of India reports that 98.45 percent of Rs 2,000 banknotes have been returned. This follows the withdrawal announcement on May 19, 2023. The total value of these notes in circulation has significantly decreased. Individuals can still exchange or deposit these notes at RBI issue offices or via India Post. The Rs 2,000 banknotes remain legal tender.
India's Goods and Services Tax (GST) collection surged to Rs 1.78 lakh crore in March 2026, marking an 8.2% increase from the previous month. Overall GST collections for March reached Rs 2 lakh crore, an 8.8% rise compared to the same month last year, according to official data.
India grandfathered gains from investments made before April 2017
Investors holding assets acquired before April 1, 2017, have received a significant reprieve. The Central Board of Direct Taxes has clarified that gains from these legacy investments will be exempt from General Anti-Avoidance Rules (GAAR). This move aims to provide much-needed clarity and reassurance for foreign investors and private equity funds concerning their existing holdings.
Services, remittances boost India's invisible inflows to $464 billion in FY26
Receipts from the services sector, which accounted for two-third of the total, climbed about 9% to $310 billion, data showed. These are known as invisible receipts as these reflect earnings a country generates from IT services, tourism and remittances & transfers rather than international trade in physical goods.
Telangana relied on RBI borrowings for most of FY25: CAG report
Telangana's finances in 2024-25 saw extensive use of RBI's Special Drawing Facility and Ways and Means Advances. The state government borrowed Rs 27,730 crore via SDF and Rs 64,188 crore through WMA. Overdrafts totaling Rs 37,457 crore were also availed. This reliance on short-term borrowing mechanisms highlights financial management challenges. The CAG report detailed these transactions.
IBC helped banks recover 52% bad loans: Nirmala Sitharaman
India's insolvency law has significantly boosted the banking sector. The Insolvency and Bankruptcy Code has helped rescue struggling companies and recover bad loans. A new amendment bill passed in the Lok Sabha introduces fresh resolution frameworks. This aims to speed up the rescue of stressed firms and improve loan recovery processes across the country.
RBI should use forex reserves to prop up rupee: SBI report
The Reserve Bank of India should use its substantial foreign exchange reserves to stabilize the Indian Rupee. A report from SBI suggests this action is necessary as the ongoing West Asia crisis impacts global markets. The report highlights that India possesses ample reserves to manage speculative moves.
India's net international liability comes down by $10.9 billion in the third quarter
India's financial obligations to the world decreased by $10.9 billion in the third fiscal quarter. This improvement was driven by Indian residents increasing their overseas assets more than foreigners increased their assets in India. The ratio of India's international assets to liabilities saw a positive shift. Indian residents invested more abroad in direct investments and deposits.
India's invisible receipts grow 56% to $464.189 billion in April-Dec period
India's inward receipts from international trade in services, incomes, and remittances surged by 56% to $464.189 billion in the first nine months of FY26, significantly bolstering the country's balance of payments. The services sector, contributing two-thirds of total receipts, saw a 9% increase to $310.242 billion, driven by telecommunication, computer, and information services.
What changes will RBI’s new rules bring to digital payments from April 1?
India's digital payments are getting a security upgrade. From April 1, the Reserve Bank of India will require two-factor authentication for all digital transactions. This move aims to combat rising fraud risks. The new rules will incorporate dynamic elements like OTPs or biometrics. This strengthens India's payment system and aligns it with global security standards.
In hawala universe, it's a partial eclipse of dollar
The Indian money market's hawala sector is experiencing an unusual discount on the dollar-rupee exchange rate, a shift attributed to stalled flights and reduced trade with the Gulf. This irregular market, typically seeing a dollar premium, is now operating 1-2% below official rates, impacting informal remittance channels.
India may face credit stress if Gulf conflict drags on: Moody's
A Moody's report warns that India and other Asia-Pacific economies face rising credit stress due to the ongoing Gulf conflict. Higher energy prices and supply disruptions, particularly for fuel, food, and industrial inputs, will impact import-dependent nations. Producers heavily reliant on Middle Eastern oil and naphtha are most exposed.
India’s FY27 fiscal deficit target faces oil price risks amid Iran war: ICRA
Iran War: Elevated global energy prices due to West Asian geopolitical developments may pressure India's fiscal position in FY27. While higher crude and gas prices could increase subsidy requirements and impact revenue, available fiscal buffers like the Economic Stabilisation Fund and expenditure savings are expected to help manage the impact and limit deviations from the fiscal deficit target.
West Asia turmoil to swell fertiliser subsidy by up to Rs 25,000 Crore, hit output: Crisil Ratings
India faces a potential Rs 20,000-25,000 crore increase in its fertiliser subsidy bill. Domestic production of fertilisers may also fall by 10-15 percent. These impacts stem from ongoing Middle East conflicts disrupting raw material and fertiliser imports. The government's allocation of gas and existing inventory offer some buffer. However, the industry will need additional subsidy support.
India must channel $10 trillion in household gold into financial system: Former minister Choudhary
India's vast household gold reserves could boost economic growth. Experts suggest shifting consumers to financial instruments like Electronic Gold Receipts. This move aims to reduce reliance on gold imports and ease pressure on the current account deficit. The National Stock Exchange is ready with platforms and technology to facilitate this transition.