BANKING & FINANCE
IOB Secures IFSCA Approval To Open Banking Unit At GIFT City Of Gujarat
Chennai-headquartered public sector lender Indian Overseas Bank (IOB) has received approval from the International Financial Services Centres Authority (IFSCA) to establish an IFSC Banking Unit (IBU) as a branch at GIFT City in Gujarat. The approval marks IOB’s entry into India’s premier international financial services hub and is expected to strengthen its capabilities in serving […]
CW Bureau
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Jun 2, 2026
ECONOMY
GIFT City Emerges As Global Financial Powerhouse With 37 Banking Entities
GIFT City has strengthened its position as a globally competitive international financial and business hub, with banking assets crossing $110 billion and capital commitments under fund management activities exceeding $32 billion. Union Finance Minister Nirmala Sitharaman on Friday chaired a high-level review meeting on the progress of GIFT City and its expanding international financial services […]
CW Bureau
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May 23, 2026
ECONOMY
FM Sitharaman Flags Cyber Risks, Calls For Faster Regulatory Response
Union Finance Minister Nirmala Sitharaman has urged the Securities and Exchange Board of India (SEBI) to be prepared for emerging challenges, with cybersecurity topping the list. She cautioned that a single successful cyberattack on a major exchange, depository, clearing corporation, or large broker could disrupt markets at a national scale, wipe out wealth, and erode […]
CW Bureau
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Apr 26, 2026
ECONOMY
Centre Unveils ₹16.72 Lakh-Crore National Monetisation Pipeline 2.0
Union finance minister Nirmala Sitharaman on February 23, unveiled the second phase of the Centre’s asset monetisation drive, christened National Monetisation Pipeline 2.0 (NMP 2.0), with an ambitious target of ₹16.72 lakh crore over five years. Developed by NITI Aayog in consultation with key infrastructure ministries, NMP 2.0 outlines the government’s Asset Monetisation Plan for […]
CW Bureau
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Feb 23, 2026
ECONOMY
Fresh Strategic Reset In Customs, Excise Regime To Boost Manufacturing
The Union Budget 2026-27 has laid out a calibrated overhaul of customs and central excise duties, signalling the government’s intent to simplify India’s tariff architecture while aligning it more closely with domestic manufacturing priorities, energy transition goals and export competitiveness. Presenting the Budget in Parliament, Finance Minister Nirmala Sitharaman underlined that the proposals aim to […]
CW Bureau
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Feb 1, 2026
