Key Highlights RBI Cuts FY27 Growth Forecast to 6.6%, Flags Weak Monsoon and Global Risks as Key Challenges Mumbai, June 5 — The Reserve Bank of India (RBI) has revised its economic growth outlook downward for FY27, citing concerns over a potentially weak monsoon season, rising energy costs, geopolitical uncertainties,...
Key Highlights Gold prices fell by Rs 2,100 per tola on June 5. Fine gold is trading at Rs 309,000 per tola. Gold was priced at Rs 311,100 per tola on the previous day. Silver prices declined by Rs 55 per tola. Silver is currently trading at Rs 5,230 per...
Key Highlights The Indian rupee posted a strong recovery during trading on June 5 after the Government of India announced the removal of capital gains tax on investments in government securities made by foreign institutional investors (FIIs). The policy move, designed to attract overseas capital and improve investor sentiment, comes...
Key Highlights The Reserve Bank of India (RBI) has officially dismissed media reports claiming that it sold approximately $12 billion worth of gold to protect India’s foreign exchange reserves amid the ongoing West Asia conflict. In a clarification issued on June 4, the RBI stated that the reports are incorrect...
When Will the Revised Salary Arrive? The government officially formed the 8th Pay Commission in late 2025, giving the panel an 18-month window to submit its final report. Because of the shifting deadlines for employee feedback, the entire timeline has naturally pushed back. Dr. Manjeet Singh Patel, a top official...
Key Highlights Imports Continue to Drive Growth The latest GST data showed that growth in collections was largely supported by imports. Gross GST revenue from imports surged 19.1% year-on-year to ₹59,654 crore, while gross domestic revenue declined 2.6% to ₹1.35 lakh crore. On a net basis, customs GST collections increased...
Key Highlights New Delhi: The Reserve Bank of India (RBI) reported a record total income of ₹4.28 lakh crore in FY 2025-26, leading to an unprecedented dividend transfer of ₹2.87 lakh crore to the central government. The surge in earnings was largely driven by foreign exchange operations undertaken to support...
Key Highlights News Summary The Reserve Bank of India (RBI) recorded its highest-ever annual income of ₹4.28 lakh crore in FY26, enabling it to transfer a record surplus of ₹2.87 lakh crore to the central government. A major contributor to this earnings surge was the RBI’s intervention in the foreign...
HIGHLIGHTS 🔹 Provident Fund acts as a long-term financial safety net for employees. 🔹 Both employee and employer contribute, helping savings grow faster. 🔹 Earns interest annually, increasing wealth over time. 🔹 Provides financial support during retirement, medical emergencies, and other approved needs. 🔹 Encourages disciplined saving without requiring extra...
Key Highlights India may face renewed inflationary pressures in the coming months as rising fuel prices, a weakening rupee, and concerns over a below-normal monsoon create fresh challenges for households and businesses. In its latest monthly economic review, the Finance Ministry’s Department of Economic Affairs cautioned that policymakers must remain...
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