Economy

RBI net short forward position rises to $200 b

In August, the Reserve Bank's net short forward positions increased significantly to $200 billion. This rise follows a net short position of $136 billion recorded in July. Long dollar positions also saw an addition, indicating ongoing market adjustments. Economists suggest that the RBI is facing challenges in managing these short positions effectively.

Claude, New Yorker, Bandcamp: RBI rules leave international card payments in grey area

New regulations from the Reserve Bank of India will mandate reporting of international credit card transactions starting October 1. Consumers may need to provide details on all payments for services purchased abroad, leading to potential compliance challenges. The existing framework lacks clarity on how individuals will report these transactions to banks. While international credit card purchases are part of the Liberalised Remittance Scheme, the reporting process remains unclear.

Telcos, consumer groups clash over TRAIs 5G slicing, coverage map and service quality rules

Telecom operators and consumer groups differed sharply over TRAIs proposed rules for 5G network slicing, coverage map accuracy and service quality benchmarks. Airtel and Jio opposed the proposed 80% network resource utilisation threshold, while consumer groups backed it. Industry bodies also flagged net neutrality concerns and implementation challenges.

Naveen Jindal weighs bid for EU firm Celsa

Naveen Jindal, chairman of Jindal Steel, is considering a 5-billion bid for European steelmaker Celsa to enhance his operations. The discussions are at a preliminary stage and could attract competition from other bidders. Celsa, headquartered in Barcelona, has a manufacturing capacity of 7.5 million tonnes and is focused on long steel products. The creditors controlling Celsa have invested significantly to stabilize the company's finances after a lengthy restructuring.

HDFC Capital, Shalimar create Rs 750 crore platform for UP real estate

HDFC Capital Advisors has joined forces with Shalimar Corp to establish a significant Rs 750 crore real estate development platform. This collaboration aims to enhance residential and mixed-use projects in prominent Uttar Pradesh cities like Lucknow and Varanasi. The venture envisions a development potential surpassing 5 million sq ft, inclusive of around 3,000 residential units.

As gold hallmarking charges rise, fraudsters get busy too

Gold hallmarking charges have risen significantly, causing concern among industry stakeholders regarding potential fraud. Awareness of the Hallmark Unique Identification number remains low across various cities in India. The All-India Gem and Jewellery Domestic Council has highlighted the challenges jewelers face due to increased costs and processing times. They are advocating for a return to previous hallmarking rates to alleviate financial burdens.

Traders call off 'No UPI Day' protest plan after meet with FM Sitharaman

Finance minister Nirmala Sitharaman met small-trader representatives on Wednesday, following which the AICPDF and AIMRA withdrew their proposed No UPI Day protest on October 2.

Commerce minister Piyush Goyal woos American companies to co-invest in advanced manufacturing

Commerce and industry minister Piyush Goyal invited American manufacturers to expand in India and partner with Indian SMEs, highlighting opportunities in advanced manufacturing, technology, innovation and resilient supply chains.

Export schemes extended amid West Asia crisis

The Centre extended the duty refund scheme Remission of Duties and Taxes on Exported Products (RoDTEP) and the Rebate of State and Central Taxes and Levies (RoSCTL) scheme for exporters of apparel, garments and made-ups by three months to December 31 along with continuing the enhanced insurance cover against payment defaults until March 31, 2027, for export consignments to West Asia under the Export Promotion Mission.

From Jab to Pills: Novo Nordisk, Eli Lilly set to take obesity drug battle to India

Indias obesity drug market is set for a new phase as Novo Nordisks oral Wegovy and Eli Lillys oral GLP-1 orforglipron are expected to launch in the first half of 2027. Industry sources said both have been submitted to Indian regulators, potentially expanding demand beyond injectable treatments.

Output, wages, GVA... manufacturing sector is on a roll: GVA grows 9.6% to Rs 26.9 lakh crore; sector adds 1.4 mn workers

Indias formal manufacturing sector recorded broad-based growth in 2024-25, with GVA rising 9.6% to 26.9 lakh crore and industrial output increasing 7.8% to 165.2 lakh crore, according to the Annual Survey of Industries. Invested capital grew 11.1% to 75.6 lakh crore, while the number of establishments rose 2.6%.

April-August fiscal gap widens to 7.1 lakh crore on higher capex, subsidy outgo

The Centres fiscal deficit rose to 7.1 lakh crore, or 41.9% of the FY27 target, by August, up from 6 lakh crore a year earlier, official data showed.

Billionaire Barry Diller spent $260 million to transform a derelict New York pier into a little island. Now millions use the Hudson river park

Little Island transformed an abandoned pier into a public park on Manhattan's Hudson River. Barry Diller funded the project to create a space for everyone to enjoy nature and the arts. The park features 132 concrete supports and hosts performances as well as everyday recreational activities. It is part of the larger Hudson River Park, which integrates green spaces along the waterfront.

Pulses import duties may ease over poor rains

At present, imports of chana attract a 10% duty, while yellow peas are subject to a 30% duty. Tur and urad imports are allowed duty-free until March 31, 2027. The proposed reduction in duties on chana and yellow peas would be to improve domestic availability and contain prices. Prices of chana, moong, matar and tur have risen by up to 10% over the past month, with a 3-5% spike in the past week, as concerns over crop prospects combine with higher festive demand.

October Horoscope 2026: Your zodiac signs luckiest day could bring a second chance you didnt see coming

The October Horoscope 2026 points to one especially lucky day for each zodiac sign. For some signs, the best days of the month could open the door to a fresh start.

Darjeeling 'Toy Train' chugs into top 50 global destinations in 2027

The Darjeeling Himalayan Railway (DHR) has been named among Lonely Planets 50 Best in Travel 2027 destinations, with Darjeeling recognised as a top destination for a toy-train journey.

Kisan Vikas Patra: Want to transfer, pledge or prematurely close your account? Here's what the rules say

The Kisan Vikas Patra (KVP) is a 115-month investment scheme designed for Indian citizens aged 10 and over, allowing deposits starting from 1,000. Here's a look at the rules to transfer, pledge or prematurely close your account 

NPS Swasthya: 1 lakh to 30 lakh Check health insurance cover, deductibles the scheme likely provides

PFRDA plans to introduce the NPS Swasthya health-focused pension product after successful testing. Here's a look at what we can expect, the deductibles and likely healthcare insurance cover the product may provide 

Interest rates on small savings schemes remains unchanged for Oct-Dec

As per the notification, deposits under the Sukanya Samriddhi Scheme will attract an interest rate of 8.2 per cent, while the rate on a three-year term deposit remains at 7.1 per cent during Q3

Export duty on diesel, ATF slashed; petrol unchanged

The government has been conducting a fortnightly review of export levies since March 27, in the backdrop of the conflict in West Asia

Government cuts windfall tax on diesel, ATF exports; petrol duty unchanged

The revised levies will apply for a fortnight, with the finance ministry also retaining existing duties on fuel cleared for domestic consumption

ESOP tax treatment uncertain as courts differ on pre-exercise payouts

Divergent court rulings on vested but unexercised ESOPs create uncertainty over whether employee payouts are taxed as salary or capital gains

RBIs new bulk FD rules from October 1: What changes for investors? Experts explain

The revised RBI framework is aimed at making bulk-FD pricing more transparent and giving large depositors clearer information about the interest rate applicable to their deposits.

10 snacks ranked for weight loss: Delhi nutritionist reveals which foods keep hunger in check and calories low

Making mindful food choices can play a crucial role in managing weight and curbing cravings throughout the day. Delhi nutritionist Lovneet Batra recommends ten nutritious snacks such as spiced buttermilk, roasted sweet potatoes, and fresh veggies paired with hummus to enhance fullness. It's essential to keep an eye on portion sizes, especially for calorie-rich options like peanut butter and mixed nuts.

Jon Bon Jovi didn't just serve free meals: His foundation helped build 1,000 affordable and supportive housing units across 12 states in America

The name Jon Bon Jovi needs no introduction. Known for hit songs such as Livin' On A Prayer, You Give Love A Bad Name, Bad Medicine, etc., the iconic rockers charity foundation has assisted several thousand people across 12 states in the USA through meals and affordable housing units since 2006.

NBA superstar LeBron James turned his hometown connection into a school that gives children more than classrooms

LeBron James established the I PROMISE School in Akron, dedicated to aiding students who require both academic guidance and personal support. This innovative institution takes a holistic approach, providing essential services such as housing assistance and nutrition programs for families. By 2025, the school served 343 students, seamlessly merging education with vital community resources to enhance children's prospects by addressing their overall circumstances.

Centre cuts windfall tax on diesel, ATF exports from October 1

The Centre has decreased the windfall tax on diesel exports to 16 per litre and ATF exports to 10.5. This decision, effective from October 1, follows a previous reduction on September 16. The petrol export tax remains unchanged at 0.5 per litre during this period. Export duties are reviewed every fortnight based on international prices of crude oil and petroleum products.

Agriculture sector binds India-Argentina partnership

Argentine Ambassador Mariano Caucino highlighted the growing economic relationship between Argentina and India during a summit in Mumbai. Agriculture, particularly edible oils, serves as a core area of cooperation between the two countries. Argentina is experiencing record supplies of edible oils, significantly contributing to India's food security. In 2025, exports of soybean oil and sunflower products to India are expected to increase substantially.

How 25 students of Gurgaon-based college raised Rs 60 crore funding in deep tech and space ventures in a day

Twenty-five startups from Gurugram-based Masters Union University received soft funding commitments worth Rs 60.5 crore. The startups presented their business ideas to over 65 investors from various venture capital firms. Notable ventures included Sanyark Space, which develops satellite technology and has previously secured $2 million in funding. A significant trend shows more students choosing entrepreneurship instead of traditional job placements.

Odisha sets up CM-EAC on lines of EAC-PM to drive $1.5 trn economy goal

Panel comprising economists, former bureaucrats and Sarvam AI co-founder will advise on growth, fiscal management and structural reforms as Odisha pursues its 2047 target

Will Smith in 2015 bought a Hawaiian compound with two lava rock fireplaces that originally belonged basketball legend Kareem Abdul Jabbar for $10 million. In 2017, they sold it for $2 million profit

In 2015, Will Smith acquired a stunning property in Hawaii, previously owned by NBA legend Kareem Abdul-Jabbar. This beautiful estate, with its three bedrooms and guesthouse, was sold in 2017 for a handsome profit. Its luxurious amenities include a swimming pool, tennis court, and direct access to Secret Beach, complemented by scenic hiking trails and orchards that provide stunning ocean views across the property.

Government extends RoDTEP scheme for exporters by three months till December 31

Government extends RoDTEP scheme for exporters by three months till December 31

PNGRB bats for level playing field across EV, CNG and LNG vehicles

The senior official at PNGRB mentioned the level-playing field could be instituted either through required and suitable taxation, subsidies or infrastructure, among other things.

Air India CEO-designate Tewolde Gebremariam gets security clearance

To formally take charge of the Tata Group-promoted airline on October 1

Xi says China economy shows resilience amid pressure, urges push for targets

Xi says China economy shows resilience amid pressure, urges push for targets

Indian captain fights off co-pilot who allegedly tried to crash Flydubai flight

The Dubai-Tel Aviv flight diverted to Tabuk after a sharp descent, with passengers and crew helping regain control of the aircraft

Air India's incoming CEO Tewolde Gebremariam gets security clearance

Tewolde Gebremariam has received security clearance and will officially take charge of Air India. His appointment follows the announcement made on August 5, replacing Campbell Wilson. During a recent townhall, Gebremariam emphasized the importance of cost discipline in Air India's operations.

Side hustle vs cost-cutting: Should you earn more or curb your expenses? Start by checking

Shah Rukh Khan's mother advised him to earn more rather than limit his expenses. What should you do?

Indias domestic air traffic falls 7.5% in August; IATA flags largest decline

Indias domestic aviation market recorded another monthly contraction in August, while capacity declined less sharply than passenger demand during the period

Wealth creation: 55 crore UPI users vs 6 crore investors to increase participation India can learn from global markets

EY's latest report, global experience suggests wealth participation expands when investing is embedded into financial behavior, supported by trust, enabled by technology and delivered through simple, accessible experiences.

Indias domestic air traffic falls 7.5% in August, worst among major markets

India's domestic air passenger traffic fell by 7.5% in August compared to the previous year. This drop marks the steepest decline among major domestic aviation markets worldwide. Domestic Revenue Passenger Kilometres decreased, while capacity contracted by 1.2%, leading to a reduced load factor. Other countries like China and Brazil experienced traffic growth, contrasting India's performance. IATA's analysis indicates uncertainty in future travel demand due to various economic factors.

The new gold economy: untapped wealth fuels credit boom

CEA warns of looming oil and rate pressures in Indias H2, sees Q2 growth at 7.3%

Chief Economic Adviser V Anantha Nageswaran noted that the second half of the fiscal year would be challenging. Rising oil prices and increased global growth risks create a tougher economic environment for India. The economy saw a 7.8% GDP growth in the first quarter, backed by strong indicators like GST collections and credit growth. Upcoming data suggested a GDP growth rate of around 7.3% for July and August.

He faced severe bullying at 11 for his long hair, yet refused to cut it. Eventually, 18 inches of his hair helped raise 1,230 for British children who lost their hair from cancer treatment

The story of one little boy from England Jacob, who grew his hair even though he was relentlessly bullied for his long hair, only to gift his silky, pretty hair to a charity for children. He eventually donated his hair for wigs for kids who experienced hair loss. His story went viral on X.

HDFC Bank Group General Counsel Sudhir Kumar Jha retires after 22 years

Sudhir Kumar Jha has retired from HDFC Bank effective September 30, 2026, concluding his 22-year tenure. Following his retirement, Jha will no longer hold a senior management position at the bank. HDFC Bank recognized Jha's significant contributions to its legal and compliance framework over the years. Jigar Shah is set to succeed Jha as General Counsel starting October 1, 2026. The transition marks another leadership change within the HDFC Group.

Lived in mother's house, paid for construction: Why Delhi High Court rejected son's plea for ownership rights

The Delhi HC ruling is relevant to families where parents own a house but allow their children or other relatives to live there. It distinguishes between the right to reside in a family property and a legally established ownership interest.

FCNR(B) impact: RBI's net short forward book swells to record $200 billion

RBI's net short dollar position in the forward book surged to $200.06 billion at August-end as FCNR(B) flows boosted longer-tenure forward positions

India extends RoDTEP scheme till December 31, keeps export refund rates unchanged

The government extended the Remission of Duties and Taxes on Exported Products scheme until December 31, 2026. This extension ensures that exporters receive continued refunds for eligible duties and taxes incurred during production. The existing rates and caps for the scheme remain unchanged during this period. RoDTEP was introduced to help prevent embedded taxes from affecting the pricing of Indian goods abroad.

UPI usage holds steady in September despite backlash over new MDR norms

UPI processed an average 802 million transactions a day in September, up about 1 per cent from August, while transaction value also remained firm despite the MDR backlash

Crisil lifts India FY27 growth forecast to 7% on strong H1 momentum

Crisil has raised its GDP growth forecast for India in FY27 to 7%, reflecting strong domestic demand. Resilient consumer spending and government investment are key factors supporting this growth projection. However, potential inflation risks from a strengthening El Nino and elevated energy prices may pose challenges. The Reserve Bank of India might respond with rate hikes to manage inflation pressures.

Modi, Donald Trump speak over phone; review trade, defence and energy ties

They also exchanged views on regional and international issues

Higher capex, subsidy spending widens Apr-Aug fiscal deficit to 42% of BE

Centre's fiscal deficit widened to 7.10 trillion in April-August as capital expenditure rose 18 per cent and spending on major subsidies increased nearly 25 per cent

Oil Ministry aims to amend Petroleum act to decriminalise minor offences

Accordingly, the Ministry has proposed to amend the Petroleum Act, 1934 through amendment of Chapter three, which relates to Penalties and Procedure

Govt extends import price curbs on two pharma raw materials

The Directorate General of Foreign Trade has announced an extension of the minimum import price validity period. This extension will apply to two pharmaceutical raw materials, namely ATS-8 and Sulfadiazine API. The minimum import price for ATS-8 will be set at USD 111 per kg in the upcoming months. Sulfadiazine API will have a minimum import price of USD 1,774 per kg during this period.

IndiGo appoints Gaurav Hazrati as business head BluChip loyalty programme

IndiGo has appointed Gaurav Hazrati as the new head of its loyalty program, BluChip. In this pivotal role, he will aim to enhance growth and develop a robust rewards ecosystem. With over 18 years of expertise in loyalty and financial services, Hazrati previously served as CEO at Tata Payments Limited, bringing invaluable experience from the Tata Group to help IndiGo flourish in the global airline market.

Centres fiscal deficit at end-August hits 41.9% of 2026-27 target on higher subsidy spends

Total expenditure stood at 38.9% of the budget estimates as of August 2026, as compared to 37.1% in the same period of 2025-26

IBAI flags job, growth risks from IRDAIs proposed distribution reforms

The Insurance Brokers Association of India (IBAI) has warned that IRDAIs proposed changes to insurance distribution could shrink distribution, increase job losses and slow insurance growth. IBAI supports measures such as banning compulsory insurance bundling with loans, suitability checks and claw-backs for proven mis-selling.

Govt invites global mining players to India Mining Week 2026

India has invited the global mining community to participate in India Mining Week 2026, scheduled for November. This event aims to foster international collaboration, investment, and expertise in the mining sector. The Ministry of Coal and Ministry of Mines are organizing the conference-cum-exhibition together. Diplomatic representatives have discussed enhancing country-level engagement for the event's success. Officials believe this collaboration will strengthen the mining and minerals sector for economic growth.

PE-VC investments hit four year high at $6.1 billion in September

The momentum was driven by a surge in mega deals (over $100 million) both in terms of value and volume

Employment in industries cross 2 cr mark in 2024-25 shows government survey

The estimated number of persons engaged in registered industries rose to 2.10 crore at the end of FY25 as compared to 1.96 core in FY24, showing a growth of over 7 per cent

Healthier balance sheets drive credit upgrades across sectors in H1FY27

Credit ratios improved across rating agencies as lower leverage and healthy liquidity supported firms, though crude prices, inflation and US tariff uncertainty pose risks

Billionaire Ken Griffin donates $3 billion to Carnegie Mellon University. Becomes largest individual donor in the history of US education: here's what his record gift will create

Renowned billionaire investor Ken Griffin has pledged a staggering $3 billion to Carnegie Mellon University. This historic donation will establish a new campus in Miami, opening its doors in 2028, while also enhancing existing operations in Pittsburgh. A significant portion will bolster the university's acclaimed computer science program, embodying the growing trend of enormous contributions to educational institutions.

Kaali Kheti first look poster: Jackie Shroffs rural horror film blends family, legacy and buried truths

In the upcoming horror movie Kaali Kheti, Jackie Shroff dives into a chilling narrative that intertwines agriculture with supernatural elements. Set against the backdrop of rural India, it contains deep family secrets and generational legacies. Anticipation is building as the first-look poster captivates fans. Under the direction of Imtiyaz Khan, Kaali Kheti is poised to address pressing societal themes through its haunting story, hitting theatres on October 23.

Vadilal Industries strikes fresh deal with Vadilal Enterprises amid family dispute

Vadilal Industries Ltd has signed a revised supply agreement with Vadilal Enterprises for a 12-month period. This agreement is set to be effective from November 1, 2026, to October 31, 2027. The previous 10-year agreement was due to end on September 30, 2026, and could not be renewed. A family dispute within the promoter Gandhi family has complicated operational issues and leadership restructuring.

India Inc can weather 50 bps rate hike, El Nino impact: Crisil

Crisil Ratings stated that India Inc will manage the expected 0.50 percentage point rate hike. The agency also indicated that rural demand would remain unaffected by weather-related shortfalls. Credit performance outlook is stable despite geopolitical tensions from Middle Eastern conflicts. Growth in the banking system's credit and overall corporate credit stability appears promising for FY27.

'Moment my blood clot bursts, I die': Witness' chilling COVID vaccine testimony at Allison Inquiry

India hikes anti-dumping duty on jute goods from Bangladesh, Nepal

It will help increase domestic demand and capacity utilisation by jute mills even as Directorate General of Trade Remedies moots countervailing duties on imports

Indias external financial health improves marginally in Q1 FY27 amid global headwinds

Indias external financial position improved marginally in Q1 FY27, RBI data showed. External debt rose $15.4 billion to $778.2 billion, while the debt-to-GDP ratio eased to 20.8%. Net international liabilities increased to $220.3 billion but remained below year-ago levels.

Gandhi Jayanti 2026 History: Why India observes October 2, significance, theme and freedom struggle

Gandhi Jayanti 2026 Theme, History: October 2 marks the 157th birth anniversary of Mahatma Gandhi, whose leadership, Satyagraha and commitment to non-violence played a major role in Indias freedom struggle. The day is observed as a national holiday in India and is also recognised by the United Nations as the International Day of Non-Violence, highlighting Gandhis enduring global legacy.

UP dairy sector draws 695 crore investment proposals from 22 companies

Twenty-two companies proposed investments worth 695.18 crore across Uttar Pradesh at the UP International Trade Show, with the projects expected to create over 2,500 jobs

FlyDubai pilots fight in cockpit, plane carrying Israelis makes emergency landing

Israeli Prime Minister Benjamin Netanyahu said Saudi Arabia arrested the pilot who stabbed another pilot and apparently tried to crash the plane carrying Israelis

Inherited family gold? How to prove ownership and source of jewellery to Income Tax Department

The Kolkata Income Tax Appellate Tribunal ruled in favour of the assessee in a case, underscoring the importance of supporting claims about inherited jewellery with credible and consistent evidence.

Indian govt approves procurement of 7.11 lakh tonnes of soybean, moong, and tur at MSP in 3 States

The procurement of these in Uttar Pradesh and Karnataka will benefit growers to the tune of 5,547.99 crore

12 LPA feels like 4 LPA, Rs 600 for 5 km cab ride: Bengaluru product manager on why Rs 1 lakh salary may not be enough to live in the city

Bengaluru product manager Shivank Goel highlighted that the rising cost of living poses significant challenges for young professionals striving to maintain financial stability. The city's vibrant social atmosphere often encourages a culture of overspending, particularly impacting those with limited incomes. Daily financial burdens such as housing and commuting costs can result in overwhelming stress for its residents.

Tk 5.07 Billion Electricity Bill in Magura: General Manager Suspended; Minister Expresses Regret

A residential electricity consumer in Magura was issued an electricity bill of nearly Tk 5.07 billion for consuming only 235 units of electricity. Following the incident, Md. Mohitul Islam, General Manager (GM) of Magura Palli Bidyut Samity, was immediately suspended from his job for alleged negligence in the discharge of his official duties. Disciplinary action has also been taken against others responsible for the incident. The Bangladesh Rural Electrification Board (BREB) took the action on Wednesday following an urgent directive from the Minister for Power, Energy and Mineral Resources. Power, Energy and Mineral Resources Minister Iqbal Hasan Mahmud expressed his regret over the incident and personally called the affected consumer to apologize. After the incident came to the ministers attention through media reports and social media, he spoke directly with the affected consumer over the phone. During the conversation, the minister apologized for the unfortunate incident and the temporary mental distress and anxiety caused to the consumer. He also assured the consumer that the bill had already been corrected and that a revised bill had been delivered. The minister requested the consumer to directly inform the authorities if any such problem occurs in the future. The bill was issued in [] The post Tk 5.07 Billion Electricity Bill in Magura: General Manager Suspended; Minister Expresses Regret appeared first on Energy Bangla .

Focus on claim ratios, not commissions: Bajaj General CEO on insurance reform

Bajaj General Insurance's MD highlights the need to focus on claim ratios instead of distributor commissions. The insurance regulator recently proposed expense caps for better customer protection. Industry discussions are ongoing to gather insights before formal representations are made. Swiss Re Corporate Solutions will collaborate with Bajaj General to provide tailored insurance solutions for globalizing Indian corporates.

Furnace Oil Price Increased

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of furnace oil by Tk 11.92 per litre, raising it from Tk 96.86 to Tk 108.78 per litre. BERC issued an order to this effect on Wednesday. Furnace oil is used for electricity generation. The country consumes approximately 2 million tonnes of furnace oil annually for power generation. As a result, the cost of electricity generation from fuel oil-based power plants is expected to increase. The commission had reduced the price of furnace oil for two consecutive months before the latest increase. On June 30, the price was reduced from Tk 113.54 to Tk 109.10 per litre. Over the following two months, it fell further to Tk 96.86 per litre. The price has now been increased by Tk 11.92 per litre in a single adjustment. BERC determines the price of furnace oil by adjusting it in line with international market prices. The post Furnace Oil Price Increased appeared first on Energy Bangla .

Building corpus for your startup on the side? Heres what you should do before you save for business expenses

Starting a startup requires careful financial planning. Founders should prioritise family security by creating a safety fund, protecting savings for family goals, and building a startup fund. 

PM Viksit Bharat Rozgar Yojana decoded: Salaried employees earning up to 1 lakh/month can get DBT benefitCheck details

The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), launched in August 2025, offers employment linked incentives for salaried workers from 1 August 2025 to 31 July 2027, with an allocation of 99,446 crore to boost first-time employment and encourage employers.

Indias external debt rises to $778.2 billion in June quarter: RBI

India's total external debt rose by USD 15.4 billion to reach USD 778.2 billion by June 2026. The external debt-to-GDP ratio showed a slight improvement, decreasing to 20.8 percent. Long-term obligations grew to USD 624.7 billion, while short-term debt slightly increased to 19.7 percent of overall external debt.

Amazon Prime Video October releases: From Stephen King's Carrie to The Terminal List Season 2, new movies and series arriving

Prime Video is set to release a diverse lineup in October featuring horror, action, and romance projects. Mike Flanagans adaptation of Stephen Kings Carrie will premiere on October 7. Chris Pratt returns in The Terminal List Season 2, launching on October 21 as well. Additional films like Love of Your Life and Masterplan will debut during the month.

India eyes rebalanced ASEAN trade pact in ongoing review

Next round of talks in October to focus on outstanding differences ahead of ASEAN Summit

What happens to an investors crypto assets after his death?

Cryptocurrency ownership in India allows for estate transmission, but practical hurdles exist for heirs. Valid documentation and planning are crucial for transferring holdings from exchanges or personal wallets.

US economy picks up pace in Q2, grows 2.2% as consumer spending, AI investment surge

The US economy grew at a 2.2% annual pace in the second quarter, up from the governments earlier 1.5% estimate, as consumer spending and business investment remained strong. Consumer spending rose 3.8%, while business investment excluding housing increased 9%. Surging imports, however, trimmed nearly 1.7 percentage points from GDP growth.

Capital expenditure grew by 18% during Apri-August

Fiscal deficit widened to 41% of Budget Estimates in April-August on lower growth of tax collection

Personal loan growth rises to 16.9% in August: RBI

Bank credit growth strengthened across major sectors in August, with personal loans rising 16.9% year-on-year to 72.9 lakh crore, up from 11.9% a year earlier, RBI data showed.

Women farmers role crucial for Indias agriculture, sustainable farming: BKS conference

Introducing the conference, Manju Dixit, All India Women Convener of BKS, called for a change in the traditional perception of women farmers.

Bank deposit rates fall as fresh lending rates rise in August

In August, banks lowered the weighted average rate on fresh rupee term deposits to 5.67%. At the same time, the average lending rate on new loans increased to 8.61%. Public sector banks experienced a decrease in deposit rates, while private banks faced a similar trend. Lending rates varied based on loan types, with personal loans seeing a significant increase.

Coimbatore poised to host nearly 200 GCCs by 2032 on strong talent base

Coimbatore can expand its Global Capability Centres from 75 to nearly 200 by 2032 due to its strong engineering talent and industrial ecosystem.

Indias external debt rises to $778.2 billion in June quarter, RBI data shows

External debt to GDP ratio, however, moderates to 20.8% at end-June 2026 from 20.9% on March 31, 2026