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TREND | 29 Jul 2025

India's household consumption set to pick up in 2-3 quarters: Report

Business Standard

The overall household consumption is set to pick up in the next two to three quarters on rural strength, a Swiss brokerage said on Tuesday. Softened inflation, which boosts purchasing power, improving crop outlook on good monsoons and a USD 20 billion social welfare spends on women are set to strengthen rural consumption, UBS Securities said in a report. Urban consumption will "stabilise" on aspects like RBI's rate cuts, USD 10 billion of policy stimulus through personal income tax changes and improved availability of credit, it said. "Even as rural activity is gaining traction, we believe it is still too early to expect a broad-based recovery in household consumption, as rural consumption accounts for less than half a percentage share of the total," its chief India economist Tanvee Gupta Jain said. "In our base case, we expect overall household consumption to start picking up over the next 2-3 quarters as rural consumption strengthens," she said. There is a "divide" within rural

Indian Economy

TREND | 28 Jul 2025

Digital payment sees over 65,000 cr transactions amounting to 12,000 lakh cr in 6 yrs

Business Line

The government has been closely working with different stakeholders, including the Reserve Bank of India (RBI), National Payments Corporation of India (NPCI), fintechs, banks and state governments, to increase the adoption rates of digital payments in the country including in tier-2 and tier-3 cities

Digital payments cross 65,000 cr in volume, 12,000 tn in value in 6 yrs

Business Standard | 28 Jul 2025 3 more

Indian Economy

TREND | 28 Jul 2025

Parliament Panel Criticises MeitY Over Budget Underutilisation, Sluggish DPDP Implementation

NDTV Profit

The panel has now asked MeitY to fast-track implementation and ensure that intended outcomes are achieved in time, especially in light of India's growing digital economy and privacy imperatives.

Indian Economy

TREND | 28 Jul 2025

Loan against gold jewellery surged more than 100% in one year

Business Line

The value of bank loans against gold jewellery increased from 1,16,777 crore in May 2024 to 2,51,369 crore in May 2025 as per the data published by the RBI,' Minister of State in the Finance Ministry, Pankaj Chaudhary said in a written reply

Indian Economy

TREND | 28 Jul 2025

Tata Trusts to discuss Tata Sons' listing status and board changes amid RBI deadline

Economic Times

Tata Trusts is convening a strategic meeting to address Tata Sons' listing status as the RBI deadline approaches, potentially considering board additions like Uday Kotak and Bahram Vakil. With Ralf Speth and Ajay Piramal nearing retirement, board-level changes are anticipated.

Savings deposit rates of some PSBs at historic low, says RBI bulletin

Business Standard | 27 Jul 2025 9 more

Indian Economy

TREND | 26 Jul 2025

After Venus Williams' remark, a look at athletes' health insurance

Business Standard

Venus Williams' recent singles win at the DC Open showcased her longevity and brought attention to health coverage for aging athletes following a joking comment she made in an on-court interview. "I had to come back for the insurance," the five-time Wimbledon champion said after Tuesday's match, her first in 16 months. "They informed me this year that I'm on COBRA, so it's like, I got to get my benefits on." The 45-year-old Williams, who has won seven major singles titles in her career, became the second-oldest woman to win a tour-level singles match in professional tennis with Tuesday's victory. After losing on Thursday, she acknowledged that her comment on health insurance was a "fun and funny moment." The Consolidated Omnibus Budget Reconciliation Act, more commonly referred to as COBRA, allows Americans to stay on their employer's insurance plan for a limited amount of time after leaving their job. It comes with high costs. Williams' comment led to questions about health insur

Indian Economy

TREND | 26 Jul 2025

RBI governor supports independence of central bank

Economic Times

Governor Malhotra praised US Fed Chair Jerome Powell's efforts to uphold the central bank's independence amidst political pressure. Malhotra highlighted Powell's commitment to this principle, noting the widespread support he received from global finance leaders at a recent international gathering. This endorsement underscores the importance of central bank autonomy in maintaining economic stability.

February, April rate cuts fully transmitted: RBI Governor Sanjay Malhotra

Business Standard | 25 Jul 2025 1 more

Indian Economy

TREND | 26 Jul 2025

RBI's oversubscribed VRRR auction signals strong bank participation amid falling overnight rates

Economic Times

The variable rate reverse repo auction saw strong demand. Banks chose to deposit funds with the Reserve Bank of India. This happened amidst a decrease in overnight money market rates. The central bank intervened to maintain rates around the policy repo rate. Lower auction size and liquidity expectations drove higher participation. The weighted average call rate also experienced a decline.

Indian Economy

TREND | 25 Jul 2025

Despite Rise In Budget Allocation, Funds Released Under MGNREGS Declining: Govt Data

NDTV Profit

The funds released for the MGNREGS have declined every year since it peaked in 2020-21.

Funds released for MGNREGS see decline despite higher Budget allocation

Business Standard | 25 Jul 2025

Indian Economy

TREND | 25 Jul 2025

Low-cost finance, private sector role key to nuclear projects: PK Mishra

Business Standard

Timely completion, access to low-cost finance, and leveraging private sector capabilities are key to lowering tariffs and improving feasibility of nuclear projects, P K Mishra, principal secretary to the prime minister, said here on Friday. Addressing the 68th batch of scientific officers at the Bhabha Atomic Research Centre Training School, Mishra encouraged researchers to innovate in cost reduction strategies to make nuclear energy India's preferred power source. Citing the successful opening of the space sector, Mishra said similar initiatives are envisaged for atomic energy, which is essential for clean energy and national security. He underscored the societal impact of nuclear energy and cited the use of radio isotopes for cancer care, and radiation technologies for wastewater treatment and agriculture storage. The government had sanctioned 50 multi-product food irradiation units for the MSME sector under the 2024-25 Union Budget, Mishra said. Irradiation facilities in 12 sta