EP MONEY

Seventeen major banks are now testing a new blockchain-based payment system created by Swift, the global organisation that processes most international bank transfers. The pilot includes HSBC, Citibank, DBS, and other significant financial institutions from around the world, according to Business Standard. The system will allow these banks to send money across borders at any […]

India’s petrol prices rank among the world’s cheapest, and Oil Minister Hardeep Singh Puri recently spelled out exactly how the country maintains this affordability despite global crude oil costs being high. The explanation reveals a deliberate strategy built on multiple pillars that work together to keep fuel accessible for ordinary Indians. India’s first advantage is

Major American technology and manufacturing companies have warned the Trump administration that imposing higher tariffs on imports from India and other countries could harm US manufacturing rather than help it. According to ET Economy, firms including Apple, Microsoft, and Intel have raised these concerns as the administration considers raising tariffs as part of its trade

The Asian Development Bank has lowered its growth forecast for India in the fiscal year starting April 2026 to 6.6 per cent. The original estimate was higher, reflecting earlier optimism about India’s economic trajectory. The revision comes as energy prices remain elevated and global demand shows signs of weakening, creating headwinds for growth. Energy prices

The International Monetary Fund has lowered its forecast for global economic growth in 2026 to 3 percent, down from its earlier prediction. The cut reflects concerns about the fallout from the Iran war, which has disrupted energy markets and raised oil prices across the world. According to the IMF, this slowdown will affect countries differently,

Rating agency S&P Global has raised fresh warnings about India’s microfinance sector, flagging credit risks in a loan portfolio worth $35 billion. The concern centres on rising default rates among borrowers and deteriorating ability to repay loans, according to S&P’s analysis published recently. Microfinance institutions, known as MFIs, lend small amounts, typically from Rs 5,000

India has officially launched the Producer Price Index, a new measure that tracks prices at factories and farms before goods reach consumers. The index, which took more than two decades to develop, will cover agriculture, mining, manufacturing, and electricity sectors. This move reshapes how economists measure inflation and industrial productivity in India. The PPI captures

Five Indian states have individually crossed the World Bank’s upper-middle-income threshold of $4,636 per capita income. Delhi leads at $6,217, followed by Karnataka at $5,579, Telangana at $5,407, Tamil Nadu at $5,329, and Gujarat at $4,734. Three other major states came within striking distance — Maharashtra missed by just $8, Haryana by $9, and Kerala

Car and two-wheeler sales across India jumped 22 percent in June, reaching 2.56 million vehicles, according to data from the automobile retail sector. This marks the highest monthly sales figure on record. The surge reflects a combination of factors: the end of the financial year push, monsoon season demand for two-wheelers, and consumer confidence returning

India’s trade agreement with the UK is prompting a sudden wave of export orders and import shipments ahead of the deal’s official launch on July 15. Companies across textiles, automobiles, machinery, and food products are accelerating orders right now, according to reporting from ET Economy. The rush reflects a straightforward business calculation: tariff changes coming