FINANCE MINISTRY ANNOUNCEMENT
CBSE Class 10th, 12th Results 2025: How to instantly access your scorecard from anywhere using the UMANG app
CBSE Class 10 and 12 board results for 2025 are expected between May 13th and 15th, with over 44 lakh students awaiting their scores. The UMANG app, a Government of India initiative, offers a convenient and secure platform to access digital marksheets and certificates.
US inflation starting to stir as Trump tariff threat looms
US consumer prices are expected to have increased in April, with economists anticipating a more pronounced impact from higher tariffs over time. This has led to growing consumer apprehension about inflation and the economy. Meanwhile, companies are navigating the challenge of mitigating tariff costs through price hikes while trying to avoid deterring consumers.
SBI, PNB, other banks say ATMs well stocked, fully functional
State Bank of India, Punjab National Bank, and other lenders have assured the public that their ATMs are fully functional and well-stocked, and digital services are operating smoothly. This announcement addresses social media rumors about potential ATM shutdowns due to India-Pakistan tensions. Finance Minister Nirmala Sitharaman will review cybersecurity preparedness of banks and financial institutions.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian stock indices closed lower Thursday amid India-Pakistan tensions and weak global cues. Sensex fell 412 pts; Nifty dropped 141 pts on profit booking and geopolitical concerns.
Bilateral Investment Treaty talks with UK drag on as sunset clause, dispute resolution remain unresolved
India and the United Kingdom are in talks for the Bilateral Investment Treaty. The announcement was to be alongside the free trade agreement. Issues like the sunset clause and dispute resolution are pending. The UK wants to include taxation issues, but India has reservations. India wants local remedies exhausted before arbitration.
From Dal Lake to Marine Drive: How Indian cities are bracing for tomorrow's air raids, blackouts, and evacuation mock drills
India is conducting its first national civil defence mock drill since 1971 on May 7, with state-wise exercises unfolding across 259 locations in 33 states and union territories. From Delhi to Odisha, each region is simulating wartime scenarios with air raid sirens, blackouts, and evacuation training. Police, civil defence units, students, and volunteers are preparing in coordination with central authorities. The drill aims to test India’s emergency readiness amid heightened tensions after the April 22 Pahalgam terror attack that left 26 people dead.
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FM Nirmala Sitharaman for reforms at ADB for quicker loans to developing economies
India urged the Asian Development Bank (ADB) to expedite loan approvals and capital expansion to better support developing economies. Finance Minister Sitharaman emphasized process reforms to reduce processing times for both sovereign and non-sovereign operations. She also offered India's support for ADB's digital transformation agenda, highlighting opportunities for innovative financing models.
FM Sitharaman meets ADB chief and Italian FM, discusses economic issues; no mention of Pakistan
Finance Minister Nirmala Sitharaman held bilateral meetings with ADB President Masatsugu Asakawa and Italian Finance Minister Giancarlo Giorgetti during the 58th ADB annual meeting in Milan. Talks focused on strengthening economic ties, private-sector growth, sustainable development and multilateral reforms. The Finance Ministry clarified that no discussions related to Pakistan took place, contrary to recent reports.
Britain to bar consumers from borrowing to buy crypto under new regime
Britain plans to ban credit card purchases of crypto and tighten access to crypto lending, aiming to protect retail investors as it brings the sector under formal regulation. The FCA warns of risks, proposing credit checks, investment tests, and clearer rules for staking and borrowing.
Post-consolidation, RRBs' share in GDP to rise to 5.2% by FY30 from 3.7% in FY24: PwC report
India's Regional Rural Banks (RRBs) are set to play a growing role, with their business expected to rise to around 5.2 per cent of GDP by Financial Year (FY) 2030 from 3.7 per cent in FY24 post-consolidation, according to a latest report by PwC.
US stocks climb higher on tariff, jobs data optimism; Dow Jones, S&P up 1% each
US stock indexes opened higher on Friday, as signs of a de-escalation in the trade war with China and a stronger-than-expected jobs report calmed concerns around the economic toll of tariffs.
Comm Min's export promotion mission may have 12-point plan to push exports, help MSME exporters
The commerce ministry's Export Promotion Mission (EPM), with a Rs 2,250 crore outlay, is set to launch with up to 12 components. These include easy credit schemes for MSMEs and e-commerce exporters, overseas warehousing facilitation, and global branding initiatives.
Commerce Ministry seeks views of exporters on proposed schemes under export promotion mission
Focus areas include easy credit, factoring services, and tackling non-tariff measures. The government is also considering a trade assistance program for risky markets.
Shipbuilding, maritime funds likely soon
The Indian government is poised to introduce a ₹18,090 crore shipbuilding financial assistance policy and a ₹25,000 crore maritime development fund (MDF). The MDF aims to boost Indian-flagged ships' share in global cargo to 20% by 2047, attracting ₹1.5 lakh-crore investments by 2030. Enhanced incentives for green shipbuilding, hybrid technologies, and large vessel manufacturing are also expected.
Germany's SPD members back coalition with conservative leader Friedrich Merz
Germany's Social Democrats approved a coalition treaty with conservatives. This clears the path for a new government. Friedrich Merz is set to become chancellor on May 6. The coalition aims to revive Germany's economy. Key goals include infrastructure investment and a minimum wage increase. The SPD secured the finance ministry. However, some party members criticized concessions on migration rules.
Unilever, Reliance see signs of consumer demand revival in India
India's urban shoppers are showing signs of increased demand, potentially offsetting trade negotiation volatility with the US. Hindustan Unilever anticipates improved demand driven by macroeconomic tailwinds, while Reliance Retail reports a profit jump. These positive indicators suggest a possible end to a year-long economic slowdown, supported by government initiatives and a favorable monsoon forecast.
StanChart says clarity on India’s green rules will boost deals
India may face challenges in achieving its green targets. This is due to the absence of a clear taxonomy framework. Standard Chartered suggests this framework is crucial for defining climate finance.
Union minister Piyush Goyal meets UK leaders, calls it a 'fruitful exchange' to boost economic ties
The leaders engaged in productive discussions focused on deepening India-UK economic cooperation and strengthening the longstanding partnership between the two nations.
MoF flags global uncertainty as risk to India's FY26 growth
The finance ministry has cautioned that global uncertainties pose a risk to India's FY26 growth, potentially delaying private sector investment. The ministry emphasised the need for proactive measures to foster a cycle of investment and growth.
UK sets out new cryptoasset rules to boost investor confidence
Britain will introduce new rules to regulate cryptoassets like Bitcoin and Ethereum, aiming to boost investor confidence and curb misuse. The finance ministry said crypto exchanges and dealers will fall under regulatory oversight to crack down on bad actors while encouraging responsible innovation in the growing digital asset space.
India needs to fast-track nuclear power projects, government committee urges
India is prioritizing the expansion of its nuclear power capacity to meet rising energy demands and achieve net-zero goals. The power ministry's advisory committee emphasizes accelerating project execution, enhancing safety awareness, and fostering a robust vendor ecosystem. To expedite growth, India plans to amend liability laws, attract foreign investment, and introduce financial incentives for nuclear projects.
Asian stocks edge up in cautious open, futures dip
Japanese and Australian stocks opened higher, while US equity-index futures dropped 0.5% in early trading Monday. Gold declined 0.3% while Treasuries and the dollar were steady.
Trump-backed crypto venture partners with Pakistan Crypto Council to boost blockchain adoption
Pakistan Crypto Council and World Liberty Financial signed key agreements to boost crypto investment and innovation in Pakistan. Supported by top officials, the partnership aims to advance blockchain, stablecoins, and decentralised finance. The move positions Pakistan as a rising player in digital finance, ahead of expected crypto legalisation policies.
Customised insurance in works for nuclear plants
India is developing a specialized insurance product for nuclear power plants to facilitate private sector investment and support its ambitious goal of 100 GW nuclear energy production by 2047. A dedicated expert team is collaborating with insurance companies and the Atomic Energy Regulatory Board to design the cover, potentially increasing operator liability and insurer access for inspections.
Assam CM Himanta Sarma urges finance ministry, RBI to release special coin to mark Dr Bhupen Hazarika 100th birth anniversary
Assam is gearing up for a flurry of development projects. Chief Minister Sarma announced that investments exceeding Rs 1 lakh crore from the Advantage Assam summit will commence by year-end. Prime Minister Modi is expected to inaugurate a bio-refinery, lay the foundation for the Guwahati Ring Road, and participate in the Bhupen Hazarika birth centenary celebrations.
These mid-cap stocks with ‘strong buy’ & ‘buy’ recos can rally over 26%, according to analysts
When you are in the market as an investor, it is best to ignore what is happening to the Nifty and Sensex… especially on the day of expiry of monthly contracts in the derivative segment. The movement of the Nifty and Sensex would be impacted on that day by unwinding and rollover of positions. What needs to be watched, instead, is the Q4 earnings season. It has panned out well till now. If it continues in the same mode when mid-cap companies start to declare their results, it would be a bullish sign. But there is a caveat: There may be volatility caused by global events. It is something you should be ready for.
Minister HD Kumaraswamy welcomes decision of 12 pc safeguard duty on imported steel flat products
India has imposed a temporary 12% safeguard duty on imported steel flat products to protect domestic manufacturers from unfair competition, following the US's imposition of tariffs on steel imports. This measure, effective immediately for 200 days, targets non-alloy and alloy steel flat products, primarily aimed at preventing steel dumping from countries like China.
India's battery-swapping boom hinges on deliveries and rickshaws
India's electric vehicle market is gaining momentum, particularly in two-and-three wheelers, driving the growth of battery swapping technology. Companies are investing heavily in swapping networks to cater to commercial drivers who prioritize speed. While challenges like standardization and funding persist, the expansion of quick-commerce delivery services further strengthens the case for battery swapping adoption.
UTI AMC partners with ONDC to fuel mutual fund penetration in smaller cities; details here
UTI Mutual Fund has integrated with the Open Network for Digital Commerce (ONDC) in collaboration with fintech firm Cybrilla to enhance mutual fund accessibility across India. This move supports financial inclusion, targeting Tier 2 and Tier 3 cities, and aims to empower first-time and rural investors through ONDC’s open digital infrastructure and trusted fintech partners.
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