The Financial Intelligence Unit – India (FIU-IND) has sent notices to 25 offshore crypto platforms for continuing to operate in India without registering under the Prevention of Money Laundering Act (PMLA), 2002, the Ministry of Finance said. The move, reported by the Press Information Bureau (PIB), is part of efforts to bring foreign platforms serving…
India’s economic outlook remains broadly optimistic despite a turbulent international environment marked by geopolitical uncertainties and shifting trade dynamics, according to the Finance Ministry’s monthly economic review released on Friday. With the GDP growth having surprised on the upside in Q1 FY26, domestic components of demand have played a key role in supporting growth and…
The Ministry of Finance will raise Rs 32,000 crore through the sale of two long-term government securities in an auction to be conducted by the Reserve Bank of India (RBI) on September 26 in Mumbai, according to an official statement. Two lots of Rs 16,000 crore each The first lot is the “6.68 per cent…
The government has set an ambitious goal for India’s public sector banks (PSBs), with senior officials at the Finance Ministry’s PSB Manthan 2025 in New Delhi confirming that efforts are underway to place at least two PSBs among the world’s top 20 banks by assets. According to sources, consolidation is not part of the roadmap,…
A delegation from the Federation of Indian Export Organisations (FIEO), led by President S C Ralhan and including Vice President Ravikant Kapur, Director General & CEO Ajay Sahai, Director Israr Ahmed of Farida Group, and Pankaj Chadha, Chairman of EEPC, met Finance Minister Nirmala Sitharaman on Thursday. The delegation briefed the finance minister on the…
The central government on Thursday welcomed S&P Global Ratings’ decision to upgrade the country’s long-term sovereign credit rating to ‘BBB’ from ‘BBB-’ and its short-term rating to ‘A-2’ from ‘A-3’, with a Stable Outlook. The last such upgrade came in January 2007, making this the first in 18 years. S&P cited economic resilience, sustained fiscal consolidation,…