A proposed High-Level Committee on Banking for Viksit Bharat will examine balance sheet constraints faced by public sector banks and ways to better leverage their capital, Financial Services Secretary M Nagaraju said on Friday, PTI reported.The government is expected to announce the terms of reference for the panel soon.“This committee is expected to review the…
The price of Brent crude, the international benchmark, dipped more than 2 percent, while the average price of gasoline across the United States bumped up by 9 cents overnight. Source link
The University of Chicago on Friday said it has conferred its prestigious Alumni Award for Professional Achievement to India’s former chief economic adviser Krishnamurthy V Subramanian.Subramanian is the first Indian economist to receive the honour since its inception in 1941, placing him in an elite global cohort that includes Nobel laureates and intellectual giants such…
The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration. Source link
Strong indirect tax collections work well for government finances, especially at a time when the economy is facing global headwinds. (AI image) India’s gross Goods and Services Tax (GST) collections rose to a record high of Rs 2.43 lakh crore in April 2026. The number assumes greater significance in the backdrop of the Middle East…
Americans can’t afford the higher health insurance premiums that resulted from Congress’s refusal to extend federal tax credits. Source link
Wall Street moved higher on Friday and edged closer to fresh record highs as strong quarterly earnings from Apple, Estee Lauder and other companies lifted sentiment while a mild retreat in oil prices offered additional support.The S&P 500 rose 0.6 per cent, extending gains after closing at an all-time high on Thursday. The Dow Jones…
A 10 percent tax on American imports was hurting British sales, even though exporters had increased sales in India, China and other countries. Source link
India’s mining and metals sector needs a fresh look at environmental compliance norms as rising exploration costs and depletion of high-grade mineral reserves create new pressures for the industry, experts said on Thursday, PTI reported.The sector, which is estimated to account for up to 7 per cent of global greenhouse gas emissions, currently requires environmental…
The Federal Reserve’s meeting this week was the most divisive in decades, a sign that President Trump’s pick to lead the central bank will face opposition if he pursues substantially lower interest rates. Source link
