RBI relaxes trade compliance rules: MTT forex outlay extended to 6 months; simplified closure of small-value export & import bills for easier compliance.
RBI MPC keeps repo rate unchanged at 5.5% in October 2025 policy review; neutral stance retained as inflation moderates and growth outlook remains resilient.
Finance Minister Nirmala Sitharaman highlighted India's economic resilience, citing 7.8% GDP growth, sovereign rating upgrades, and strong reforms that helped the country withstand global challenges, tariffs and supply chain disruptions.
The Finance Ministry has barred Union ministries, PSUs, and public sector banks from spending on Diwali or festival gifts, citing fiscal discipline and prudent use of public resources.
The Insurance Amendment Bill 2025 may be introduced in the Winter Parliament session, allowing 100% FDI in India’s insurance sector and boosting policyholder protection, LIC reforms, and industry growth.
India’s GDP grew 7.8% in Q1 FY26, the fastest in five quarters, led by manufacturing and services. Fiscal deficit, tariffs pose future challenges.
Centre collects Rs 10.95 lakh crore in April-July FY26, 31.3% of BE; infra push lifts capital spend to Rs 3.5 lakh crore, fiscal deficit at 29.9%.
The Finance Ministry has issued draft rules amending Indian Insurance Companies (Foreign Investment) Rules, 2015, aligning with FEMA (NDI) Rules, 2019.
Amid concerns over slowing wage growth, the Finance Ministry plans regular meetings with MSMEs and industry leaders to help firms scale, boost hiring and support consumption.
The Finance Ministry has set up a Forum for Regulatory Coordination and Development of Pension Products to harmonize regulations, strengthen consumer protection and boost India’s pension market.
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