In a major policy reform aimed at improving coal distribution in the power sector, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the Revised SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) Policy. This new framework simplifies the allocation process, introduces greater flexibility for power producers, …
According to Moneycontrol reports, the Reserve Bank of India (RBI) is anticipated to deliver a substantial dividend to the Centre this month, with a projected transfer of ₹2.5–₹3 lakh crore. This would represent a notable increase from the ₹2.1 lakh crore transferred in the previous financial year. The surge in surplus is attributed largely to …
The Central Board of Direct Taxes (CBDT) has officially notified Income Tax Return (ITR) forms 1 through 5 for the Assessment Year 2025–26. These forms, applicable for income earned during the financial year ending March 2025, reflect several updates in eligibility criteria, disclosure requirements, and form structure. With each form tailored to specific taxpayer categories, …
As of March 2025, the Reserve Bank of India (RBI) held 879.59 metric tonnes of gold in its reserves. This figure marks a strategic accumulation aimed at safeguarding India’s financial stability amidst global uncertainties. Of this, 511.99 tonnes were stored domestically, while 348.62 tonnes remained overseas, specifically with the Bank of England and the Bank …
India is preparing to script history with its first human spaceflight under the Gaganyaan programme, which has now entered its final and most critical phase. The mission aims to send Indian astronauts into low Earth orbit by the first quarter of 2027 — a defining milestone in the country’s journey as a space-faring nation. At …
India’s commodity derivatives markets may soon witness a significant transformation. The Securities and Exchange Board of India (SEBI), through its Commodity Derivatives Advisory Committee (CDAC), is actively deliberating the introduction of colocation facilities for commodity exchanges. This potential move aims to enhance trading efficiency, promote liquidity, and bring commodity bourses on par with equity and …
The National Stock Exchange (NSE), India’s largest bourse, has posted a strong financial performance for the fiscal year ending March 31, 2025. Despite a sequential decline in earnings during the final quarter, the exchange reported significant year-on-year (YoY) growth in both consolidated and standalone net profit. The board has also recommended a substantial final dividend, …
India’s electric vehicle (EV) market, which has shown remarkable year-on-year growth, faced a notable slowdown in April 2025. A sharp 17.6% decline in monthly sales was recorded, attributed primarily to a significant reduction in government subsidies for electric two-wheelers (e2w). Despite the monthly drop, overall EV sales were substantially higher than in April 2024, showing …
Coforge Limited has successfully implemented ServiceNow’s AI-powered Financial Services Operations (FSO) Dispute Management module for Blackhawk Network (BHN), marking a major milestone in financial services automation, as per news reports. Unveiled at ServiceNow’s flagship event, Knowledge 2025, the collaboration showcases how Coforge and ServiceNow combine generative AI and industry expertise to streamline complex dispute …
The Securities and Exchange Board of India (SEBI) has proposed a separate voluntary delisting mechanism specifically for public sector undertakings (PSUs) where the government or promoter group holds 90% or more of the total issued shares. A consultation paper outlining the proposal was released on May 7, with public comments invited until May 26. Why …
