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Cabinet approves Integrated Transport & Logistics Authority to Strengthen Multimodal Infrastructure

India, Oct. 7 -- The Union Cabinet has approved the establishment of the Integrated Transport & Logistics Authority (ITLA) as a Special Purpose Vehicle (SPV to strengthen research, planning, project a... Read More


Cabinet approves Rs 10,000 cr SME Growth Fund to create Future Indian Champions

India, Oct. 7 -- The Union Cabinet has approved a Rs 10,000 crore government commitment towards the establishment of the SME Growth Fund (SGF), aimed at providing growth-stage equity capital to small ... Read More


RBI to enable interoperability among account aggregators, integrate bank deposits with demat CAS

India, Oct. 7 -- The Reserve Bank of India (RBI) on Wednesday announced measures to improve customer convenience by enabling interoperability among NBFC-Account Aggregators (NBFC-AAs). Under the prop... Read More


RBI raises FY27 GDP growth forecast by 40 bps to 7.1%

India, Oct. 7 -- The Reserve Bank of India (RBI) on Wednesday raised its GDP growth forecast for FY27 by 40 basis points to 7.1%, while cautioning that persistent global geopolitical tensions could po... Read More


India, Ghana sign MoU to advance agricultural research and technology transfer

India, Oct. 7 -- India and Ghana have signed a five-year Memorandum of Understanding (MoU) to strengthen cooperation in agricultural research, education, technology transfer and commercialisation. Th... Read More


Paytm Payments Bank excluded from RBI Act's Second Schedule

India, Oct. 7 -- Paytm Payments Bank Limited has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934, the Reserve Bank of India said. The exclusion was notified through Noti... Read More


RBI Issues Amendment Directions on SA-CCR Framework

India, Oct. 7 -- The Reserve Bank of India (RBI) on Wednesday issued the Reserve Bank of India (Commercial Banks – Forthcoming Instructions) Amendment Directions, 2026, revising the capital fram... Read More


RBI issues directions on Credit Valuation Adjustment Framework

India, Oct. 7 -- The Reserve Bank of India (RBI) on Wednesday issued the Reserve Bank of India (Commercial Banks – Credit Valuation Adjustment Framework) Directions, 2026, following stakeholder ... Read More


Rupee weakens 4 paise to 96.39 against US Dollar

India, Oct. 6 -- The Indian rupee slipped 4 paise to 96.39 against the US dollar in early trade on Tuesday, pressured by higher crude oil prices and continued foreign investor outflows. The domestic ... Read More


RBI extends restrictions on Samarth Urban Co-operative Bank till January 7, 2027

India, Oct. 6 -- The Reserve Bank of India (RBI) has extended the period of directions imposed on Samarth Urban Co-operative Bank Ltd., Osmanabad, Maharashtra, for another three months. The direction... Read More