The auction will offer a notified amount of ₹50,000 crore, with the tenor set at 56 days. The bidding window will be open from 3:30 PM to 4:00 PM on February 7, 2025. The funds will be reversed on April 4, 2025, marking the maturity of the operation.
Author: BNW News
Trump Pauses Tariffs on Mexico and Canada, but Not China
The temporary suspension comes amid escalating tensions in global trade, with Trump maintaining a hardline stance on China while showing flexibility toward North American neighbors. This move is part of Trump’s broader “America First” economic strategy, which has prioritized renegotiating trade agreements and imposing tariffs to protect U.S. industries.
Equirus Invests Rs 100 Crore to Strengthen Family Office Business, Merges with Credence Family Office
As part of the deal, Credence Family Office will take over Equirus Wealth’s Family Office business and integrate into the Equirus Group. The merger also facilitated the exit of TIW Private Equity, which had been an investor in Credence for six years.
CreditAccess Grameen Secures USD 50 Million from IFC to Boost Financial Inclusion
The investment from IFC will play a pivotal role in expanding financial access for microentrepreneurs, focusing primarily on women borrowers. Over the lifecycle of this project, CreditAccess Grameen (CA Grameen) aims to reach an additional 3 to 4 million women borrowers.
India’s FY26 Union Budget a shift towards fiscal consolidation, supporting urban consumers, says report
The Finance Minister’s commitment to fiscal consolidation includes a firm pledge to reduce the central government’s public debt-to-GDP ratio, aiming for a 50% debt ratio by FY31 from 56.1% in FY26.
Rupee breaches 87-mark against dollar for the first time: What’s driving the decline?
Trump’s executive orders have slapped a 25% tariff on most goods from Mexico and Canada and a 10% levy on Chinese imports.
Union Budget 2025-26: A Blueprint for Inclusive Growth and Economic Resilience, says SBI report
India’s nominal GDP growth is projected at 10.1% for FY26, with the fiscal deficit targeted at 4.4% of GDP (Rs 15.68 lakh crore), marking an improvement from 4.8% (Rs 15.69 lakh crore) in FY25
Union Budget 2025 Live: No income tax payable upto income of Rs 12 lakh rupees
Finance Minister Nirmala Sitharaman will present the Union Budget for the financial year 2025-26 today, marking a historic milestone as the only finance minister to deliver the budget for eight consecutive years. While this sets a new record for consecutive budget presentations, the overall record for the most Union Budgets in India still belongs to former Prime Minister Morarji Desai. Desai presented a total of ten budgets—six as finance minister between 1959 and 1964, and four more from 1967 to 1969.
Key Takeaways from the Economic Survey 2024-25
India needs an average 8% real GDP growth over the next couple of decades for achieving ‘developed nation’ status by 2047
Economic Survey 2025 predicts 6.3%-6.85 GDP in FY26
Economic Survey 2025 predicts 6.3%-6.85 GDP in FY26