Economy News

Govt notifies 100 pc FDI in insurance under automatic route

Govt notifies 100 pc FDI in insurance under automatic route

The Union government has allowed 100% FDI in the insurance sector under the automatic route, in line with reforms to the Insurance Act, 1938, subject to compliance and approval from the Insurance Regulatory and Development Authority of India. May 3, 2026
India to grow over 7 pc despite West Asia conflict: CEA Nageswaran

India to grow over 7 pc despite West Asia conflict: CEA Nageswaran

He noted that while the conflict poses risks—especially through rising crude oil prices—the government is actively managing supply dynamics. India's dependence on imported oil is not seen as a standalone vulnerability due to alternative energy challenges. May 3, 2026
Bajaj Finance hikes FD rates for select senior citizen schemes

Bajaj Finance hikes FD rates for select senior citizen schemes

Bajaj Finance has raised interest rates on its fixed deposit (FD) schemes, offering up to 7.75 percent returns for senior citizens. The move comes amid rising demand for fixed-income instruments. The company has increased FD rates by up to 45 basis points on select tenures, particularly in the 31 to 60 month category May 2, 2026
GST collections hit all-time high of nearly Rs 2.43 lakh crore in April

GST collections hit all-time high of nearly Rs 2.43 lakh crore in April

India's GST collections hit a record high of Rs 2.43 lakh crore in April, marking an 8.7% year-on-year growth despite global uncertainties. Net revenue stood at Rs 2.10 lakh crore after a rise in refunds. The surge was driven largely by strong import revenues, while domestic growth remained moderate. May 1, 2026
Rupee Slips 11 Paise To 94.27 Against Dollar On US Currency Demand & Rising Oil Prices

Rupee slips past 95 against US dollar amid crude spike

The currency touched an all-time low of 95.07 and slipped further to around 95.20 during the session. The fall was also influenced by hawkish signals from the US Federal Reserve, which supported the dollar and pushed US bond yields higher, despite keeping interest rates unchanged. Apr 30, 2026
Rupee Slips 11 Paise To 94.27 Against Dollar On US Currency Demand & Rising Oil Prices

Rupee weakens to 94.81 against dollar as crude oil stays above $111

rupee weakened by 13 paise to 94.81 against the US dollar, pressured by rising global crude oil prices above 111 dollars per barrel and ongoing US-Iran tensions. Month-end dollar demand and safe-haven buying further weighed on the local currency. The dollar index rose marginally to 98.67. Apr 29, 2026
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