Stay updated with the latest fiscal-year news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on fiscal-year topics.
Mumbai, Apr 8 (PTI) The Reserve Bank of India (RBI) on Wednesday said it expects crude oil prices to average USD 85 per barrel and the rupee to be at 94 against the dollar in FY27. The central bank has made the projections in the bi-annual Monetary Policy report released on Wednesday. The crude oil price assumption has been upped to USD 85 per barrel during FY27, from USD 70 per barrel during H2FY26. It also increased exchange rate projections to 94 against the US dollar during FY27, from 88 a ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank of India kept its key policy rate unchanged on Wednesday, adopting a cautious wait-and-watch stance as policymakers assessed the fallout from the six-week Iran conflict on energy supplies, inflation and growth. The central bank's six-member Monetary Policy Committee voted unanimously to keep the benchmark repurchase rate at 5.25 per cent, flagging heightened uncertainty after the West Asia conflict drove crude prices sharply higher, weakened the rupee and di ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday reiterated that its intervention in the foreign exchange market is aimed solely at curbing excessive volatility and not at targeting any specific level of the rupee. Speaking during the monetary policy announcement, RBI Governor, Sanjay Malhotra said, "Despite the stronger macroeconomic fundamentals, the Indian rupee in the last financial year depreciated more than average in the previous year.... our exchange r ...Read More >
New Delhi [India], April 8 (ANI): Industry experts have suggested that the Reserve Bank of India's Monetary Policy Committee (MPC) choosing to maintain the status quo on policy rates reflects a cautious approach to navigating global uncertainties and domestic growth targets. The Reserve Bank of India kept the policy repo rate unchanged at 5.25 per cent in the first monetary policy announcement of the financial year 2026-27, citing rising global uncertainties and geopolitical tensions. Sujan Ha ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank on Wednesday projected retail inflation for the current financial year at 4.6 per cent, well within the government-mandated inflation target range of 4 per cent with a tolerance band of +/- 2 per cent. Before the outbreak of the West Asia conflict, India's macroeconomic fundamentals exuded confidence with buoyant growth and low inflation. Conditions turned adverse in March with the widening of the conflict zone and its intensification. The consumer price in ...Read More >
Shimla, Apr 4 (PTI) Milk-producing farmers in the state are now receiving an average benefit of Rs 34.18 crore per month -- "the highest ever -- "as the state milk federation procures approximately 2.70 lakh litres of milk per day from the farmers. This is a significant increase compared to the average procurement of 1.57 lakh litres per day during the financial year 2024-25, a government spokesperson said in a statement here on Saturday. The federation is ensuring doorstep milk collection, pa ...Read More >
New Delhi, 8th April, 2026: MMTC-PAMP, India's only London Bullion Market Association (LBMA) Good Delivery gold and silver refiner, today announced the launch of the industry's first organized buyback offering for silver coins, bars and jewellery. MMTC-PAMP plans to offer this service at select retail stores across India. At present, MMTC- PAMP operates 17 stores for the recycling of gold in India and aims to extend its hassle-free buyback offering for silver across these centres. In the first ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday reiterated that its intervention in the foreign exchange market is aimed solely at curbing excessive volatility and not at targeting any specific level of the rupee. Speaking during the monetary policy announcement, RBI Governor, Sanjay Malhotra said, "Despite the stronger macroeconomic fundamentals, the Indian rupee in the last financial year depreciated more than average in the previous year.... our exchange r ...Read More >
Mumbai: Arvind SmartSpaces has kicked off the new financial year with a major expansion move, securing its largest residential project in Mumbai while restructuring stakes to support growth. Arvind SmartSpaces Limited has signed a high-rise residential project in Goregaon West, Mumbai, with an estimated top-line potential of approximately Rs 2,400 crore. The project will offer around 0.67 million square feet of saleable carpet area and will be developed in partnership with Sigma Oxford Realtors ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday kept the policy repo rate unchanged at 5.25 per cent in the first monetary policy announcement of the financial year 2026-27, citing rising global uncertainties and geopolitical tensions. Announcing the decision, RBI Governor Sanjay Malhotra said that the Monetary Policy Committee (MPC) unanimously voted to maintain the policy repo rate under the liquidity adjustment facility at 5.25 per cent. Also Read | Why I ...Read More >
New Delhi [India], April 8 (ANI): Real GDP growth for the current year is projected at 6.9 per cent, the Governor of Reserve Bank of India, Sanjay Malhotra, said on Wednesday. The Governor projected that the growth trajectory for the year showed a steady pattern across all four quarters. The central bank estimated first-quarter growth at 6.8 per cent, followed by 6.7 per cent in the second quarter. Projections for the third and fourth quarters stood at 7 per cent and 7.2 per cent, respectively. ...Read More >
By Jaspreet Kalra and Abinaya V MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. While risks to growth and inflation have risen due to the Middle East crisis, the rate panel chose to "wait and watch", RBI Governor Sanjay Malhotra said while announcing the policy decision. The RBI's six-member monetary policy committee voted to keep the repo ra ...Read More >
MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. While risks to growth and inflation have risen due to the Middle East crisis, the rate panel chose to "wait and watch", RBI Governor Sanjay Malhotra said while announcing the policy decision. The RBI's six-member monetary policy committee voted to keep the repo rate (INREPO=ECI), opens new tab st ...Read More >
By Jaspreet Kalra and Abinaya V MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. The RBI's six-member monetary policy committee voted to keep the repo rate steady at 5.25%. All six members of the rate panel, which includes three central bank officials and three external appointees, voted to hold rates. The MPC also decided to continue with th ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 50 paise to 92.56 against the US dollar in early trade on Wednesday after US President Donald Trump announced suspension of military strikes against Iran for two weeks. Forex traders said the two-week ceasefire announcement triggered a wave of outsized bargain buying amongst the risk assets as Asian Stocks, Dow futures, Gold and Silver all rallied while Brent Oil fell below USD 100 to USD 96 per barrel. The rupee in accordance surged to 92.56 levels, w ...Read More >
New Delhi [India], April 8 (ANI): The Reserve Bank of India is set to announce its first bi-monthly Monetary Policy Statement for the financial year 2026-27 today. Governor Sanjay Malhotra will deliver the decisions of the six-member Monetary Policy Committee at 10 this morning. The committee deliberated on interest rates, inflation outlook, and growth projections since Monday. Speaking to ANI, experts indicated a strong consensus for a status quo on the current repo rate, with most suggesting ...Read More >
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets the popular Amul brand of milk and dairy products, on Sunday said the brand's turnover crossed ₹1 lakh crore for the financial year 2025-26, marking a major financial milestone for the farmer-owned cooperative network. "The total unduplicated revenue of the Amul brand grew by 11 per cent over a base of ₹90,000 crore in 2024-25. GCMMF itself recorded a sales turnover of ₹73,450 crore in 2025-26, registering an increase ...Read More >
India gold and silver prices fall sharply on April 6, 24k gold near Rs 1.37 lakh per 10g in major cities, MCX gold and silver also trade lower amid strong US dollar Gold and Silver Rates In India Today, April 06: Gold and silver prices in India fell sharply on April 6, US and Iran are likely to negotiate for a 45-day ceasefire. In Mumbai, the price of 24-carat gold rose to Rs 1,36,700 per 10 grams, while 22k gold was available at Rs 1,11,850 per 10 grams. These rates do not include GST and maki ...Read More >
Chandigarh: Punjab has exceeded its excise revenue target for 2025-26, collecting Rs 11,782 crore till March 31. The amount is Rs 582 crore more than the revised target of Rs 11,200 crore.Announcing the figures, finance, planning, excise and taxation minister Harpal Singh Cheema attributed the gains to tighter enforcement and a trade-friendly policy regime. "Significantly, excise revenue has nearly doubled over the past four years, rising from Rs 6,254.8 crore to Rs 11,782 crore. A new target of ...Read More >
Mumbai: Facing Rising financial pressure, Mumbai's Brihanmumbai Electric Supply and Transport (BEST) undertaking has formally sought Rs 4,000 crore from the Brihanmumbai Municipal Corporation (BMC), hoping the proposal will be cleared in the upcoming civic budget. The funds are aimed at addressing two critical priorities, clearing long-pending gratuity dues of retired employees and expanding the bus fleet. BEST currently operates a fleet of 2,760 buses across Mumbai. Gratuity Payments and Fleet ...Read More >
Bhopal (Madhya Pradesh): The Cabinet on Tuesday decided to establish the Financial Training and Research Institute (FTRI) at the RCVP Academy of Administration and Management. The institute will provide centralised and standardised training in financial administration and management to personnel at all levels of government. The move is expected to improve departmental efficiency, strengthen financial discipline, and enhance transparency. The seven existing accounting training institutes in the ...Read More >
The budget outlines a projected receipt of ₹16,250 crore against an expenditure of ₹16,150 crore, leaving an expected surplus of ₹100 crore. "The budget reinforces our commitment to infrastructure and quality housing. With the Navi Mumbai International Airport operational and the development of Aerocity, EduCity, and MediCity, Navi Mumbai is poised to emerge as a major economic hub," CIDCO Vice Chairman and Managing Director Vijay Singhal stated in a release. The NMIA, which currently han ...Read More >
Government faces higher subsidy costs due to rising oil prices India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and ...Read More >
NEW DELHI: India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritize capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government sees as critical to su ...Read More >
Navi Mumbai, April 7: The City and Industrial Development Corporation (CIDCO) has presented a Rs 16,250 crore budget for FY 2026-27, with a strong focus on infrastructure expansion, regional connectivity and housing development across Navi Mumbai and its growth corridors. The corporation has projected a surplus of Rs 100 crore, with estimated receipts of Rs 16,250 crore and expenditure of Rs 16,150 crore. Balanced fiscal performance in previous year Reviewing the previous financial year, CIDCO ...Read More >
Mumbai: Nexus Select Mall Management, the manager to listed Real Estate Investment Trust (REIT) Nexus Select Trust, has approved the acquisition of a retail asset in Kolkata for an enterprise value of Rs 347.5 crore, as part of its ongoing portfolio expansion strategy. The company's board on Tuesday evening cleared the execution of definitive agreements for acquiring Diamond Plaza, a shopping mall with an estimated gross leasable area of around 244,000 sq ft. Also Read: Nexus Select Trust to p ...Read More >
New Delhi, Apr 7 (PTI) E-waste recycling firm Attero expects a five-fold growth in business of its online metal scrap trading platform MetalMandi and hit a turnover of Rs 10,000 crore in the next five years, a top official of the organisation said on Tuesday. Attero Co-Founder and CEO Nitin Gupta said MetalMandi has over 1.1 lakh registered users, more than 50,000 monthly active users, and around 4,000 daily active users, with participation spanning more than 28 states covering over 10,000 citi ...Read More >
Mumbai, Apr 7 (PTI) The rupee depreciated 16 paise to close at 93.06 against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review. Forex traders said the USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Moreover, market participants ...Read More >
NEW DELHI: AIADMK's Lalgudi candidate Leema Rose Martin has emerged as the richest contestant in the 2026 Tamil Nadu Assembly elections, declaring assets worth approximately Rs 1,049.56 crore in her election affidavit filed ahead of the April 23 polls.The 58-year-old, wife of lottery businessman Santiago Martin, filed her nomination papers on Monday. Her affidavit shows movable assets worth Rs 139.62 crore and immovable assets worth Rs 909.94 crore, putting her ahead of other high-value candidat ...Read More >
Lalgudi (Tamil Nadu), Apr 7 (PTI) AIADMK candidate for the Lalgudi Assembly constituency Leema Rose Martin has emerged as the wealthiest contestant in the 2026 Tamil Nadu Assembly elections, declaring total assets valued at approximately Rs 1,049.56 crore in her election affidavit. The 58-year-old, who is the wife of lottery businessman Santiago Martin, filed her nomination papers on April 6, revealing a massive portfolio that includes movable assets worth Rs 139.62 crore and immovable assets w ...Read More >
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