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Gopinath acknowledges the vibrancy of the Indian economy and the strength of the country's relationship with the International Monetary Fund (IMF)
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The meeting will aim to discuss the pending issues of the last meeting. The council is expected to discuss rate rationalisation and compliance, among others
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She says, "The Reserve Bank and the government are repeatedly telling the banks to pay attention to their core business activities"
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Finance Minister Nirmala Sitharaman says the current reporting system has various limitations
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The Union Budget 2024 left India's automotive industry in a state of muted anticipation. While it addressed some concerns, it failed to fully ignite the sector's electric and hybrid aspirations.
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The government’s strategy is to sustain high and more resource-efficient economic growth, along with energy security in terms of availability, accessibility and affordability
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The budget's broader commitment to making India a premier global travel destination through targeted investments and strategic initiatives is seen as a positive move
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The much-anticipated removal of the angel tax is hailed as a pivotal development, aimed at eliminating barriers for early-stage companies and attracting a surge of domestic and foreign investment
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Prior to the budget, the Department for Promotion of Industry and Internal Trade (DPIIT) had recommended the removal of the angel tax, following consultations with the startup community
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By eliminating the tax, the government acknowledges the significant contributions of the alternative assets and private capital industry, which play a pivotal role in fostering enterprise creation and innovation
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