Trend Indian Economy - Latest news, views and updates

Monitor top advance tax payers, check fake claims: CBDT to I-T dept

TREND | 04 May 2025

Business Standard

The CBDT has directed income-tax officials to "closely" monitor top advance tax payers and identify bogus claims of exemptions and deductions as part of the strategy to improve direct tax collections during the current financial year. Official sources told PTI that the Central Board of Direct Taxes, the policy-making body for the department, had recently issued the central action plan (CAP) for 2025-26 that acts as the guiding light to steer 'key performance areas' for the department vis-a-vis revenue collection work. The Union government has set a target of Rs 25.20 lakh crore for the I-T department under the direct taxes head for the current fiscal, as per the Budget estimates presented in February. The sum consists of Rs 10,82,000 crore under the corporate tax head, Rs 13,60,000 crore under non-corporate taxes that includes personal income tax and others, and Rs 78,000 crore from securities transaction tax (STT). The net direct tax collection for the 2024-25 FY narrowly missed t

Trendlyne Analysis released a Economy Update report for Indian Economy on 16 Sep, 2025.

FIEO urges RBI to publicly share info on banks offering rupee trade

TREND | 04 May 2025

Business Line

The system simplifies trade and saves foreign exchange, but many exporters do not know where to access it, Federation of Indian Export Organisations (FIEO) President S C Ralhan told PTI

Trendlyne Analysis released a Economy Update report for Indian Economy on 16 Sep, 2025.

Rupee hits a 6-month high at 83.78/$, erases 2025 losses

TREND | 03 May 2025

Economic Times

The rupee strengthened Friday to a peak of 83.78 per dollar, before closing weaker at 84.58, likely due to dollar purchases by the Reserve Bank of India (RBI). The rupee had closed at 84.48/$1on the previous day.

Trendlyne Analysis released a Economy Update report for Indian Economy on 16 Sep, 2025.

India's forex reserves rise $1.98 bn to $688.13 bn, up for 8th week in row

Business Standard | 02 May 2025

RBI Fines ICICI Bank, Bank Of Baroda, Axis Bank, Other Lenders For Lapses

TREND | 02 May 2025

NDTV Profit

In all cases, the RBI said the penalties are based on deficiencies in regulatory compliance.

Trendlyne Analysis released a Economy Update report for Indian Economy on 16 Sep, 2025.

RBI imposes penalty on ICICI, Axis, BoM, IDBI, BoB for violating norms

Business Standard | 02 May 2025 4 more

Bank credit growth slows down further to 10.3%, shows RBI data

RBI fines ICICI, Axis, three other banks for regulatory compliance lapses

RBI releases report on market timings; suggests extending call hours

RBI's buying more bonds than it did during pandemic

Economic Times | 02 May 2025

RBI Panel Suggests Retaining Forex Trading Hours, Extends Call Money Market Timings

TREND | 02 May 2025

NDTV Profit

Market trading timing for call/notice/term money is 9 am to 5 pm, while for repo in government securities it is 9 am to 2.30 pm.

Trendlyne Analysis released a Economy Update report for Indian Economy on 16 Sep, 2025.

RBI reports 98.24% of 2000 banknotes returned as at April-end 2025

Business Line | 02 May 2025 9 more

Call money market timings may be extended by two hours till 7 pm, recommends RBI Working Group

Business Line | 02 May 2025

RBI Panel Favors Extended Hours For Bond Trades By Foreigners

NDTV Profit | 02 May 2025

Rupee crosses 84/$, pares gains as RBI buys dollars; FX reserves rise

RBI panel suggests longer call money hours, extended repo timings

Economic Times | 02 May 2025

Poonam Gupta takes charge as RBI Deputy Governor

Business Line | 02 May 2025

RBI shuffles portfolios of dy guvs; Poonam Gupta gets monetary policy department charge

Business Line | 02 May 2025

RBI working group recommends longer hours for interbank money markets

RBI Data Reveals Rs 2,000 Notes Worth Rs 6,266 Crore Still In Circulation

NDTV Profit | 02 May 2025

Poonam Gupta takes charge as RBI Deputy Governor, to join MPC in June

Trump administration proposes $163 billion in federal spending cuts

TREND | 02 May 2025

Business Line

The proposal, released by the White House Office of Management and Budget, calls for a 13% increase in defence spending and a nearly 65% boost in homeland security funding

Trendlyne Analysis released a Economy Update report for Indian Economy on 16 Sep, 2025.

White House to unveil Trump's 2026 budget with indepth federal cuts

Business Standard | 02 May 2025

RBI seeks lifting cap on 'vostro' accounts investments to push rupee-denominated trade, sources say

TREND | 02 May 2025

Business Line

Vostro accounts are typically held by a domestic bank on behalf of a foreign bank in which trading partners can hold rupee-denominated balances emerging from trade transactions

Trendlyne Analysis released a Economy Update report for Indian Economy on 16 Sep, 2025.

Change is coming: Why RBI wants more Rs 100, Rs 200 notes in ATMs

Business Standard | 02 May 2025 9 more

Private banks raised lending charges in March despite policy rate cut in February

Economic Times | 02 May 2025

Total exports jump to $825 bn in FY25 as services shipments rise over 13%

Business Standard | 01 May 2025

Jana Small Finance Bank to apply for universal bank licence this month

Business Standard | 01 May 2025

RBI starts unwinding short dollar book as OMO buys surge

Business Line | 01 May 2025

Commerce Min seeks exporters' views on schemes under export promotion plan

Federal Bank Q4 results: Profit rises 12%, flags downward pressures on NIMs

Non-food bank credit growth decelerates to 12% in March 2025, says RBI

Bank Retail credit witness sharp slowdown in FY25; drops to 11.6%

Credit growth to agriculture slows to 10.4% in March 2025: RBI data

MGNREGA work demand down 6.6% at 20.1 million in April, shows data

TREND | 01 May 2025

Business Standard

The FY-26 Union Budget had allocated Rs 86,000 crore for the programme for 2025-26, which is exactly the same as the revised and budget estimates of FY-25

Trendlyne Analysis released a Economy Update report for Indian Economy on 16 Sep, 2025.

Census exercise hinges upon support from Supplementary Demands for Grants

Business Line | 01 May 2025 1 more

First facilitation centre for PM internship scheme launched in Kolkata

Business Standard | 01 May 2025

RBI's bond forward directions to take effect from tomorrow

TREND | 01 May 2025

Business Line

The Directions will help long-term investors such as life insurers to manage their cash flows and interest rate risk

Trendlyne Analysis released a Economy Update report for Indian Economy on 16 Sep, 2025.

Export-focused sectors eye revival with trade deal tailwinds: Siddhartha Khemka

TREND | 01 May 2025

Economic Times

Siddhartha Khemka suggests that global conditions are improving, with a potential US-India trade deal boosting export-oriented sectors. He highlights positive trends in domestic-focused sectors like banking and consumption, driven by RBI's liquidity improvements and a healthy monsoon. Khemka recommends a long-term buy for Zomato and favors Blue Jet Healthcare within the pharma sector, anticipating strong revenue and earnings growth.