RBI Boosts Gold-Loan Liquidity
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🗞️ GST collections rise 9% in September
India’s GST collection for September grew 9% YoY, defying slowdown expectations. The uptick was driven by stronger domestic consumption and improved compliance.
💬 Expert Take — “A 9% rise despite muted industrial indicators shows resilience in consumption-led tax revenue.”
🗞️ States to raise ₹2.82 lakh cr via debt in Q3
According to the RBI, Indian states plan to borrow ₹2.82 lakh crore through market loans in the current quarter — around 11% higher than the previous one.
🗞️ CBIC allows 90% provisional refund for ID claims
The CBIC has allowed 90% provisional refunds for Integrated Duty Scrip (IDS) claims to improve exporter liquidity and ease cash flow challenges.
🗞️ FIDC named SRO for NBFCs
The Finance Industry Development Council (FIDC) has been appointed as the Self-Regulatory Organization (SRO) for NBFCs, formalizing oversight and governance in the lending ecosystem.
🗞️ ₹1.84 lakh cr in unclaimed financial assets
Finance Minister Nirmala Sitharaman revealed that ₹1.84 lakh crore worth of deposits and investments remain unclaimed across banks and regulators.
💬 Expert Take — “The quantum of unclaimed assets underscores the need for digital linking of nominees and centralized retrieval systems.”
🗞️ Vedanta to invest ₹13,226 cr in aluminium expansion
Vedanta announced a ₹13,226 crore investment to ramp up aluminium smelting capacity, reinforcing its push toward self-sufficiency in key metals.
🗞️ HDFC Bank leads ₹74,573 cr m-cap rise among top firms
The market capitalization of seven of India’s top ten companies increased by ₹74,573 crore last week, with HDFC Bank contributing the most to the gains.
🗞️ RBI proposes easier foreign borrowing norms
The RBI has proposed to ease External Commercial Borrowing (ECB) rules for Indian corporates to enhance access to offshore debt markets.