The Reserve Bank of India (RBI) has decided to keep the benchmark repo rate unchanged at 5.25%. This move is seen as a cautious balancing act amid global uncertainties, including the US-Iran conflict, which could impact oil prices and subsequently inflation. The RBI's Monetary Policy Committee (MPC) met to review the current economic situation and decided to maintain the status quo on the policy rate.
The Digital Rupee is a digital currency introduced by the Reserve Bank of India (RBI). It is different from cash and UPI in India, and is expected to have a significant impact on the country's economy and financial system. The Digital Rupee is designed to provide a secure and efficient way of making transactions.
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 5.25%. This decision was made by the Monetary Policy Committee (MPC) headed by Governor Sanjay Malhotra. The RBI has also projected 6.9% GDP growth and warned of potential impacts from the US-Iran war. The inflation projection for FY27 is pegged at 4.6%.
The Securities and Exchange Board of India (SEBI) has clarified the broad-based rules for Alternative Investment Funds (AIFs). The rules aim to ensure that AIFs are managed in a fair and transparent manner. SEBI Chief Tuhin Kanta Pandey emphasized the importance of stability and scale in the Indian market.
The Securities and Exchange Board of India (SEBI) has banned 39 entities for alleged stock price manipulation. The regulator has taken this action to protect the interests of investors and maintain market integrity. The entities have been banned from accessing the securities market for a period of 5 years.
The National Stock Exchange (NSE) has rolled out nanosecond level acknowledgement for market orders from April 11. This technological advancement aims to provide faster and more efficient trading experiences for investors. The introduction of nanosecond level acknowledgement is a significant step towards enhancing the trading infrastructure in India. It is expected to reduce latency and improve the overall performance of the trading system.
The 8th Pay Commission has proposed a salary hike for government employees, which will result in an increase in basic pay. The fitment factor is a crucial component in determining the new basic pay. The update explains the fitment factor and its impact on basic pay, helping individuals understand the salary hike.
The Indian government has announced the income tax deadlines for FY27, including the last dates for ITR filing, TDS certificate submission, and other tax-related payments. Taxpayers must keep track of these dates to avoid penalties and ensure compliance with tax laws. The deadlines are as follows: ITR filing deadline, TDS certificate submission deadline, and advance tax payment deadline.
The Indian government has introduced a standardized fee structure for medical device testing, replacing the existing market-driven rates. This decision is expected to enhance manufacturing traceability and increase transparency in the medical device industry. The new fee structure will apply to all medical device testing and certification processes in the country. The move is seen as a step towards improving the overall quality of medical devices in India.
The Indian government has decided to double the wheat and flour export quota to tap the global price spurt. The move is expected to increase exports and revenue for Indian farmers. The decision comes in the wake of a likely record harvest and stability in domestic prices and supplies. The export quota for wheat and flour will be increased to cater to the growing global demand.
The India-UK free trade agreement is set to begin in the second week of May. This pact will allow 99 percent of Indian exports to enter Britain duty-free. Tariffs on British products like cars and whisky will also be reduced in India. A separate agreement will prevent double social levies for temporary workers. This aims to boost trade significantly.
