India's trade deficit reached a six-month high of $31.98 billion in July, driven by a sharp increase in imports, particularly crude oil, electronic goods, coal, and fertilisers. Both merchandise exports and imports recorded their second-highest levels during the same period.
India's foreign exchange reserves saw a substantial increase of USD 9.063 billion, reaching USD 697.121 billion for the week ended April 3, 2026, according to the Reserve Bank of India (RBI). This surge follows a previous week's decline and brings the reserves closer to their all-time high.
India's forex reserves dropped by $11.683 billion to $716.810 billion during the week ended March 6, the RBI said on Friday.
Economists highlight that resolving domestic policy bottlenecks, particularly through land reforms and improving the ease of doing business, will be critical for Prime Minister Narendra Modi's 'next-generation reforms' and India's economic transformation towards its 'Viksit Bharat' vision for 2047.
'Being the defending champions certainly gives us confidence, but every Olympiad is a new event and starts from scratch.'
The Reserve Bank of India (RBI) has prematurely closed its swap facility for foreign currency non-resident (bank) deposits, FCNR(B), one month ahead of schedule, after banks mobilised $52.3 billion under the scheme by August 13, indicating sufficient foreign currency reserves.
Former India women's hockey captain Asunta Lakra has formally challenged the ethics proceedings initiated against her by Hockey India, citing procedural irregularities and questioning the Ethics Committee's jurisdiction. Lakra denies all allegations as "false, baseless, malicious, motivated and defamatory," and highlights issues with the committee's constitution and the incomplete documentation provided. This challenge comes amidst a broader context of sexual harassment allegations in Jharkhand hockey and institutional intimidation claims.
NPCI International Payments Ltd (NIPL) and Maldives Monetary Authority (MMA) have successfully integrated the Maldives' instant payment system 'Favara' with India's Unified Payments Interface (UPI). This enables real-time fund transfers from Maldives to UPI-enabled Indian bank accounts, marking a significant step in cross-border digital financial connectivity and bilateral economic cooperation.
Shabnam Sinha is set to take over as the Chairperson of Airtel Payments Bank for a three-year term starting October 1, 2026, succeeding Sunil Mittal, who concludes his tenure as non-executive Chairman.
The contraction in total reserves was driven by a fall in gold reserves, which dropped $13.49 billion to $117.19 billion during the reported week.
The Congress Working Committee (CWC) is set to meet to discuss the political situation in India, focusing on strategies to pressure the government regarding student issues, alleged embezzlement at the Ram temple, and upcoming Assembly elections. The meeting will also address the women's reservation bill.
Back when India moved slowly, every window seat came with a view, and every rail journey came with excess baggage - food, fears, family drama, points out Ajanta Krishnamurthy.
Former India women's hockey team captain Asunta Lakra has challenged the ethics proceedings initiated against her by Hockey India, citing procedural irregularities and questioning the Ethics Committee's jurisdiction. Lakra denied all allegations as 'false, baseless, malicious, motivated and defamatory' and is seeking full disclosure of documents before providing a detailed reply.
Prime Minister Narendra Modi has appealed to opposition parties to support the delimitation-linked Women's Reservation Bill, highlighting its 40-year struggle. The bill aims to provide 33 per cent reservation for women in legislatures and increase Lok Sabha seats, requiring a two-thirds majority for passage. Despite previous setbacks and ongoing efforts to secure numbers, the government continues to push for this crucial legislation.
The Securities Appellate Tribunal (SAT) has dismissed Ketan Parekh's appeal challenging Sebi's denial of his request to cross-examine two traders from Capital Group, related to an alleged front-running scheme.
Inflows into non-resident Indian (NRI) deposit schemes decreased by 23.24 per cent to $2.78 billion during the first quarter of FY27, down from $3.61 billion in the previous year, according to Reserve Bank of India (RBI) data.
Jammu and Kashmir Chief Minister Omar Abdullah has renewed his call for the restoration of special status and statehood to the region, asserting that the decision to accede to India 80 years ago was correct. He highlighted the importance of upholding India's federal structure and suggested that if Article 370 hadn't been revoked, PoK residents might be seeking reunification. Abdullah also criticised centralised governance models, arguing they erode state autonomy.
China sailed through the crisis in the Strait of Hormuz relatively unscathed even as the impact of its steps shielded other consuming nations from having to pay high crude oil prices.
A 68-year-old Mumbai resident was defrauded of Rs 7.21 crore by cyber criminals who threatened her with false accusations of money laundering and terror funding. The fraudsters coerced her into transferring funds to bank accounts and a cryptocurrency wallet after impersonating officials from various agencies.
Reserve Bank Deputy Governor S C Murmu has highlighted the "cash paradox" where currency in circulation continues to grow despite a significant increase in digital payments. This trend complicates the RBI's forecasting and planning for currency production and distribution, prompting the central bank to seek solutions and explore ways to extend banknote life and reduce the carbon footprint of the cash cycle.
Indian companies, including NBFCs, filed proposals with the RBI to raise $6.08 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in June, marking a significant increase from the previous month.
India's wheat and rice reserves in Food Corporation of India (FCI) godowns have surged to 604.02 lakh tonnes as of April 1, nearly three times the mandatory buffer requirement, according to official data.
Despite decades of efforts towards energy transition, oil will remain the critical energy source for all nations for some decades. We can hope for peace opening the Strait of Hormuz, but must prepare for war closing it, points out former foreign secretary Ranjan Mathai.
Congress general secretary Jairam Ramesh has alleged that the BJP's "real and ultimate target" in seeking a two-thirds majority in the Lok Sabha is to amend the Constitution to end reservation, rather than genuinely implement women's reservation.
State Bank of India's latest report highlights a 'chalk and cheese' divide in the Reserve Bank of India's recent policy communications, with the Monetary Policy Committee minutes showing a hawkish tone while the Governor's statements are more data-dependent, leading to market uncertainty regarding future interest rate hikes.
Mumbai-born Indian youth international Yohaan Benjamin has signed a two-year deal with Portuguese club Guarda FC, marking a significant step in his European football career. This move aligns with Guarda FC's strategy to develop talent from emerging football markets like India. Benjamin, a midfielder, previously played for Shillong Lajong, where he achieved success in the Shillong Premier League.
Indian banks and non-banking financial companies (NBFCs) are undertaking a comprehensive review and reset of their engagement terms with fintech firms, driven by the Reserve Bank of India's (RBI) draft Guidance on Regulatory Expectations for Data Governance and the stringent compliance requirements of the Digital Personal Data Protection (DPDP) Act, 2023, and its 2025 Rules.
Indian Grandmaster R Praggnanandhaa has taken a commanding 9-3 lead over Germany's Vincent Keymer, putting him just six points away from qualifying for the finals of the prestigious US$450,000 Grand Chess Tour concluding event.
Underlining that students are the "architects of India's future," President Droupadi Murmu on Friday said the government is taking comprehensive steps to reform public examinations to completely curb paper leaks and unfair means, making the system transparent, secure, and trustworthy.
Private banks in India are aggressively mobilising Foreign Currency Non-Resident (Bank), or FCNR(B), deposits by raising interest rates and using website countdowns, as the Reserve Bank of India's swap window is set to close on August 31, earlier than initially planned.
The Tamil Nadu Assembly has adopted a resolution, moved by Chief Minister C Joseph Vijay, urging the Union government to permanently fix the Lok Sabha strength at 543 and implement 33 per cent women's reservation by 2029. The resolution also opposes delimitation that could disadvantage states successful in population control.
India has over 22,000 wild elephants. May their tribe increase.
Actor-turned-politician Kangana Ranaut has publicly endorsed Isha Koppikar's 'andhbhakt' declaration, asserting that such devotion is rooted in love for the country.
Union Minister Ramdas Athawale has indicated a potential Union cabinet reshuffle soon and extended an invitation to eight NCP (SP) MPs to join the NDA, even if Sharad Pawar declines. He urged the opposition faction to set aside ideological differences for development. However, NCP (SP) spokesperson Clyde Crasto dismissed Athawale's offer, calling him a "floater." Athawale also addressed the issue of reservation, stating it's a constitutional right.
Indian selectors face a selection dilemma for the upcoming two-Test series against Sri Lanka, with Washington Sundar unlikely to be fit for the first Test, while senior all-rounder Hardik Pandya is set to return to white-ball cricket from August after recovering from injury.
'Some people may not like what I am saying, but shortcomings have to be pointed out. These deficiencies should be rectified within the next three months.' 'This is Gorakhpur, where our CM himself resides. If such shortcomings exist here, then what will happen?'
Indian Grandmaster R Praggnanandhaa has secured his spot in the finals of the Grand Chess Tour's last leg, defeating Germany's Vincent Keymer 19-9. He is set to compete against defending champion Fabiano Caruana of the USA for the title.
India's retail inflation, measured by the Consumer Price Index (CPI), rose to 4.45 per cent in July, up from 4.38 per cent in June, primarily due to higher food prices, particularly onions and ginger. This marks the second consecutive month the inflation rate has remained above the Reserve Bank's median target.
India's foreign exchange reserves have surged to an all-time high, reaching USD 728.494 billion, according to the Reserve Bank of India. This increase is attributed to a rise in foreign currency assets and gold reserves.
If winning the National Championship does not help a player make the national team, what exactly is the value of becoming India's national champion?
