109 results for “Economy & Banking”
NITI Aayog and Deloitte India released the “Data Centre Evaluation Framework to Help States Plan for Sustainable Growth” on 14 October 2026. The framework proposes that States link data centre approvals to verified electricity, water and infrastructure availability, and assess projects’ economic benefits against public support received.
On 14 October 2026, the Ministry of Cooperation mandated the Multi-State Co-operative Societies (Auditor’s Report) Order, 2026 (MSCARO, 2026). It prescribes a uniform audit-reporting framework for Multi-State Cooperative Societies (MSCS), with structured reporting on financial, administrative, governance and statutory matters.
On 14 October 2026, Astranova Mobility announced that its lending subsidiary, NovaFusion Capital, had received approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC). The New Delhi-based company is targeting ₹5,000 crore in assets under management over five years, with financing focused primarily on electric vehicles (EVs) used by commercial operators.
The World Bank Group mobilised a cumulative 36 billion in private capital for India over four years, including 9.6 billion for Micro, Small and Medium Enterprises (MSMEs). Private capital mobilisation rose from about 3 billion in fiscal year 2022 (FY22) to 14.5 billion in fiscal year 2026 (FY26). The figures were noted on 14 October 2026 by Manuel Reyes-Retana, Division Director for South Asia at the International Finance Corporation (IFC).
On 14 October 2026, the National Bank for Agriculture and Rural Development (NABARD) fully subscribed to a ₹4 crore Zero Coupon Zero Principal (ZCZP) issue by the National Skill Development Corporation (NSDC) on the National Stock Exchange’s Social Stock Exchange (SSE). The project aims to support overseas employment for 600 rural youth from Other Backward Classes (OBC) in Madhya Pradesh.
On 12 October 2026, the Securities and Exchange Board of India (SEBI) extended a temporary relaxation on changes to the fresh-issue size in Initial Public Offerings (IPOs). The relaxation applies to IPOs opening on or before 31 March 2027.
Oman became India’s largest liquefied natural gas (LNG) supplier in September 2026, replacing the United States. India imported 2.17 million tonnes of LNG that month, 14% less than the 2.5 million tonnes imported in August.
The 16th meeting of the India-UK Joint Economic and Trade Committee (JETCO) was held in New Delhi on 12 October 2026. Union Minister Piyush Goyal and UK Secretary of State for Business, Innovation, Science and Trade Jonathan Reynolds co-chaired the meeting, where British firms announced more than £1 billion in new commercial deals.
On 10 October 2026, Bangladesh signed a concessional loan agreement worth $335.78 million with China’s Export-Import Bank to expand and modernise Mongla Port. The loan is equivalent to RMB 2.404 billion or Tk 3,592.8975 crore. The project, titled “Expansion and Modernisation of Mongla Port Facilities”, will be implemented by the Mongla Port Authority under the Ministry of Shipping.
The Unified Payments Interface (UPI) is an instant payment system operated by the National Payments Corporation of India (NPCI). As of 13 October 2026, NPCI had deferred the proposed 0.4% Merchant Discount Rate (MDR) on selected Person-to-Merchant (P2M) UPI transactions exceeding ₹2,000 until after Diwali 2026.
American economists Robert E. Hall and Michael Woodford received the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel on 12 October 2026. The Royal Swedish Academy of Sciences awarded the prize for research on the microeconomic foundations of macroeconomic stabilisation. Hall is affiliated with Stanford University, while Woodford is affiliated with Columbia University.
The Securities and Exchange Board of India (SEBI) mandated a colour-coded Credit Risk-o-Meter for specified debt securities through a circular dated 7 October 2026. The meter presents credit ratings from AAA to D across six risk levels, ranging from “Lowest credit risk” to “High to Very high risk of Default”.