BUSINESS
US Senate Approves Trump’s Landmark Mega-Bill in Major Legislative Win
The bill passed the Senate by a narrow margin, 51–50, following a tie-breaking vote by Vice President JD Vance. Three Republican senators, Susan Collins, Thom Tillis, and Rand Paul, defied party lines and voted against the bill.
RBI Report Highlights India as Major Engine of Global Economic Growth
With continuous uncertainty in the overall global economy, the RBI reported that the Indian financial system continues to be stable and robust. The report pointed out that persistent volatility in international financial markets—particularly core government bond markets—has been influenced by evolving policy dynamics and increasing geopolitical tensions.
State Bank of India’s Balance Sheet Surpasses GDP of 175 Nations, According to Data
Through the Pradhan Mantri Jan-Dhan Yojana (PMJDY), SBI has helped open 15 crore bank accounts. It also enrolled 14.6 crore people in the Pradhan Mantri Suraksha Bima Yojana (PMSBY), 6.7 crore in the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and 1.73 crore under the Atal Pension Yojana (APY).
India Accelerates Development of Bunker‑Buster Agni Missiles to Target Deep Underground Facilities
The project, already in the works, has been accelerated by recent news of successful American attacks on Iranian nuclear facilities. These deep within mountains and shielded by armoured concrete had proved extremely difficult to target until successfully targeted by American bunker-buster bombs, as marked by media coverage.
India’s GST Collections Surge to Record ₹22.08 Lakh Crore in FY 2025, Up 9.4%
On a quarterly basis, collections averaged ₹1.84 lakh crore for the year. Officials cited that GST revenues have doubled in the last five years, marking a significant landmark in the nation's taxation system.
India will continue to be fastest growing economy, even perform better, Says Nirmala Sitharaman
As per the most recent statistics published by the Reserve Bank of India (RBI), India's economy clocked a strong 7.4% expansion in the fourth quarter of 2024–25. This took the overall growth rate for the financial year to 6.5%, with powerful performances from agriculture, construction, and services.
India poised to emerge as centre of gravity in new world economic order, Says Anand Mahindra
In the new world order that is unfolding, Mahindra envisions India poised to become one of the key centers of economic power.
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