"economy"

Driven by festive spending, UPI transactions hit an all-time high of Rs 27.28 lakh crore in October, up 16 per cent year-on-year, according to NPCI. With 20.7 billion transactions, UPI continues to dominate India’s digital payments landscape and expand globally

Gold prices dipped below USD 4,000 per ounce, falling 2.7 per cent from last week as easing US-China tensions and a stronger dollar weighed on demand. Despite the decline, gold remains over 50 per cent higher year-to-date, supported by central bank buying

Gross GST collection rose 4.6 per cent year-on-year to Rs 1.96 lakh crore in October, driven by festive season demand despite rate cuts on 375 items. Domestic GST revenue grew 2 per cent, while imports contributed a 13 per cent surge in tax inflow

President Donald Trump said the United States may import beef from Argentina to help reduce prices for American consumers. The move, part of his anti-inflation push, comes as US beef costs remain high due to drought and reduced imports

President Trump has threatened a 100 per cent tariff on Chinese imports from November 1 in response to Beijing’s new rare earth export restrictions. The move heightens US-China trade tensions, risks global market disruption, and underscores the fragile state of economic diplomacy

Kerala Finance Minister K N Balagopal warned that the state could lose Rs 8,000–10,000 crore annually due to GST rate rationalisation. He urged the Centre to ensure benefits reach consumers and pressed for compensation to states facing major revenue losses

The government has appointed former RBI Governor Urjit Patel as India’s Executive Director at the International Monetary Fund for three years, replacing KV Subramanian. Patel, who earlier served at the AIIB and IMF, resigned as RBI Governor in 2018

Britain’s economy expanded 0.3% in the second quarter, above forecasts of 0.1%, despite slowing from Q1’s 0.7% growth. Officials attribute the boost to a strong June performance, offering relief to the Labour government and easing pressure on public finances.

The Reserve Bank of India could consider further repo rate cuts if GDP growth underperforms and the US Federal Reserve adopts aggressive easing. HSBC Mutual Fund says liquidity will stay ample, with corporate bonds offering attractive spreads

Trade talks on the India-US bilateral agreement continues, with the sixth negotiation round scheduled for August 24 in India

Malaysia’s unemployment rate fell to 3% in Q2 2025, with employment rising and jobless numbers declining. Officials cite strong domestic demand, tech investment, and digitalisation as growth drivers, while the PM pushes for resilient semiconductor supply chains and strategic partnerships.

The government has pledged to safeguard farmers, exporters, entrepreneurs, and MSMEs as new US tariffs threaten over half of India’s merchandise exports. Calling the move “unfair,” New Delhi vowed to take all necessary steps to protect national interests

HSBC Global Private Banking highlights robust domestic consumption, favorable trade dynamics, and strategic investment opportunities in Indian equities and bonds amid global market volatility

President Donald Trump takes credit for “swift and unrelenting action” in speech to Congress

Says Indian economy has an environment in which investments are yielding good returns

As per industry estimates, Maha Kumbh is expected to boost both nominal and real GDP by over 1 per cent

He said while the BJP government at the Centre was steering PSUs towards privatisation, the Congress-led State government proved to be a disaster for all sectors.

In rejecting another debate, the former President suggested that a “prizefighter" who loses a bout is always the one to call for a rematch

The second advance estimates of GDP for FY24 released by the National Statistics Office (NSO) has indeed sprung a major surprise in the markets.

Japan was historically touted as “an economic miracle,” rising from the ashes of World War II to become the second largest economy, only after the US, and kept that going through the 1970s and 1980s.