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The ruling held that customs officials are not police officials and rights will be available to those arrested under the GST and Customs Acts.
Updated : Feb 27, 2025

Supreme Court upholds validity of arrests under Customs, GST laws but provides checks and balances

Experts say significant development in tax enforcement, will curb tax terrorism

Tamil Nadu has the highest outstanding debt at Rs 8.3 lakh crore, followed by Uttar Pradesh at Rs 7.7 lakh crore and Maharashtra at Rs 7.2 lakh crore.
Updated : Feb 27, 2025

Rising state debt: Top 10 states with highest liabilities in 2024

Data from the Reserve Bank of India (RBI) shows, the total outstanding liabilities of all Indian states and Union Territories (UTs) have surged from Rs 47.9 lakh crore in 2019 to Rs 83.3 lakh crore in 2024, marking a 74% increase

World Bank confident in India's economic growth
Updated : Feb 26, 2025

World Bank bullish on Indian economy: 'Shining light in the world, best place to invest'

World Bank Country Director Auguste Tano Kouame dismissed worries over short-term fluctuations, calling India “the shining light in the world” and urging global investors to capitalise on its growth.

Globally, obesity-related costs are projected to consume 3.6% of GDP by 2025, with Thailand expected to lose 4.9% of its GDP and the UAE a staggering 11.04% by 2060. 
Updated : Feb 26, 2025

Every extra samosa bites into India’s GDP: Obesity burden to hit $81.53 bn by 2060

The Economic Survey 2023-24 issued a stark warning: "If India needs to reap the gains of its demographic dividend, it is critical that its population's health parameters transition towards a balanced and diverse diet."

India's GDP growth in Q3 expected to be better than Q2
Updated : Feb 26, 2025

Q3 GDP: Slight uptick from Q2 seen with growth at 6.2-6.3%

The National Statistics Office will release the second advance estimates of annual GDP for FY2024-25 and the quarterly GDP estimates for the quarter October-December of 2024-25 on February 28.

India-UK Free Trade Agreement: Aiming to Slash Tariffs, Boost Education and Employment Access
Updated : Feb 25, 2025

India-UK FTA: Focus on tariff reductions, social security agreement

After duty cut on bourbon, motorcycles, expectation that India may give similar relaxation to scotch whisky and automobiles

Mukesh Ambani announces Reliance's investment in Assam
Updated : Feb 25, 2025

RIL to invest Rs 50,000 cr in Assam in five years; set up AI data centre, mega food park, double Reliance Retail stores: Mukesh Ambani

Advantage Assam Summit: Mukesh Ambani said that in the previous summit in 2018, Reliance had committed to an investment of Rs 5,000 crore in the state but it was buoyed to Rs 12,000 crore.

Bilateral trade between India and the UK stood at $21.34 billion in 2023-24.
Updated : Feb 24, 2025

India-UK FTA: Negotiations resume after 8-month gap to resolve outstanding issues

Eight months since talks were stalled due to elections in both countries, no timeline for reaching an agreement at present.

The HSBC report indicated the PMI composite index in India could potentially increase in the current quarter.
Updated : Feb 22, 2025

'Investors have given up on India, but...': financial expert weighs on India's PMI vs US PMI

According to HSBC, the preliminary India PMI numbers for February offer an early glimpse into the expected final figures for manufacturing, services, and composite PMI data.

RBI also cut its key interest rate for the first time in nearly five years earlier this month.
Updated : Feb 21, 2025

RBI to conduct record $10-billion dollar/rupee swap auction to ease liquidity strain

This marks the largest-ever dollar/rupee swap auction by the RBI. The move comes amid an ongoing liquidity deficit in the banking system, which has persisted since mid-December.

Elon Musk's Tesla to focus on D2C sales model in India initially
Updated : Feb 21, 2025

Elon Musk's Tesla to prioritise D2C model before manufacturing as govt gears up for EV policy roll-out

Elon Musk: While Tesla has not yet participated in recent government consultations on the EV policy, sources indicate that the company is closely monitoring developments and evaluating its options before participating in the EV policy likely to be rolled out in April.

Maharashtra Speaker Rahul Narwekar at the Business Today Banking & Economy Summit and Best Banks Awards
Updated : Feb 21, 2025

'Lost Tesla before 2022, but better days ahead for Maharashtra': Speaker Rahul Narwekar at BT Banking Summit

Speaker Rahul Narwekar highlighted Maharashtra’s infrastructure push, defended the coalition’s stability, and addressed allegations that key investment deals were slipping away.

Minister Mangal Prabhat Lodha in conversation with Business Today Editor Sidharth Zarabi
Updated : Feb 20, 2025

'Maharashtra's economy is stable; Ladki Behen scheme will become world's biggest NGO': Minister at BT Banking Summit

Maharashtra's development plans remain on track without compromising fiscal discipline, says Minister Mangal Prabhat Lodha

Madan Sabnavis, Chief Economist, Bank of Baroda; Mridul Saggar, Professor at IIM Kozhikode, and Madhavi Arora, Chief Economist, Emkay Global, at BT Banking & Economy Summit.
Updated : Feb 20, 2025

BT Banking & Economy Summit : Has CRR run its utility?

It has been debated whether the CRR, which mandates banks to hold a portion of their deposits with the Reserve Bank of India (RBI), remains relevant in its current form.

Business Today Markets Editor Shailendra Bhatnagar with Nitin Chugh, Vishnu R Dusad, and Hemant Jhajhria, during the panel discussion at BT Banking & Economy Summit Thursday.
Updated : Feb 20, 2025

BT Banking & Economy Summit: SBI sees 19.5 crore UPI transactions per day, says deputy MD Nitin Chugh

Digital businesses are inherent for private and public sector banks, Chugh said during a panel discussion on 'Rewriting Banks: Emergence of the Digital Beast' at the BT Banking & Economy Summit

Data revealed that 7.2% of the population in Gujarat, 7.1% in Punjab, and 6.6% in Maharashtra are dedicating extensive hours to work each week.
Updated : Feb 20, 2025

What Gujarat, Punjab, Maharashtra, West Bengal, Kerala have in common -- workers here work more than 70 hrs a week

According to recent government data, Gujarat, Punjab, Maharashtra, West Bengal, and Kerala have been identified as the top five states in which a higher percentage of individuals are spending more than 70 hours working in a week

With more adoption of digital banking, bankers will have to diversify from their traditional banking model of deposits and lending to the service model, wealth management model, insurance advisory models, they feel.
Updated : Feb 20, 2025

Physical presence of banks, NBFCs a must; 'phygital model' to continue: Industry experts

Sunil Mehta, Chairman PSB Alliance and Umesh Revankar, Executive Vice Chairman, Shriram Finance underlined that the physical presence of the bank or NBFC will always be needed.

According to him, the fall in bank deposits has more to do with the government adopting to digital mode of fund transfers than the reduction in retail deposits.
Updated : Feb 20, 2025

Tax rebate in Union Budget to boost deposits and consumption equally: SBI Chairman Dinesh Khara

According to him, out of the Rs 1 lakh crore tax foregone by the Union government, half of it may come to the banking system in the form of deposits and reduce the unsecured loans in the system.

Gunit Chadha, Founder, APAC Financial Services alongwith Prashant Muddu, MD & CEO, Jocata and Upasana Taku, Co-founder & CFO, MobiKwik, were at the Business Today Banking & Economy Summit and Best Banks Awards.
Updated : Feb 20, 2025

BT Banking & Economy Summit: Next UPI moment in fintech sector might just be 5 years away, says Gunit Chadha of APAC Financial Services

Speaking at the BT Banking & Economy Summit, Gunit Chadha, Founder, APAC Financial Services, said that India's next iconic moment in fintech sector would be when rural and semi-rural areas achieve digital literacy and integration into the digital financial system.

Chief Economic Adviser V Anantha Nageswaran
Updated : Feb 20, 2025

Central govt extends Chief Economic Advisor V Anantha Nageswaran’s term till 2027

This year, he presented India's annual economic survey on January 31, 2025, forecasting a GDP growth range of 6.3% to 6.8% for the upcoming fiscal year beginning on April 1.

The retail inflation or consumer price index numbers will continue to be released on the 12th of every month.
Updated : Feb 20, 2025

From April, government to release monthly PLFS data, survey on private capex

PLFS data: The index of industrial production number will now be released on the 28th of every month capturing data for the previous month. At present, IIP numbers are released on the 12th of every month, reflecting the data for two months before that.

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