News

India is projected to remain the world's fastest-growing major economy with a 6.5% GDP growth rate in 2025-26, driven by strong private investment and macroeconomic stability, according to the IMF. However, the IMF emphasizes the need for comprehensive structural reforms to sustain long-term expansion.

Retail inflation in India is expected to have declined to 4% or even lower in February 2025, marking the first time in six months that inflation has eased to a level within the Reserve Bank of India's tolerance zone. This decline is attributed to lower food prices, including those of kitchen staples such as tomatoes and potatoes.

The government is carefully examining the follow-on public offering (FPO) for Life Insurance Corporation (LIC), aiming to appoint skilled merchant bankers and legal advisers. While aiming to meet minimum public shareholding requirements, the government plans a strategic stake sale of 3-5% in LIC around 2025-2026, depending on suitable market conditions.

The Bombay High Court has granted temporary relief to Mad Over Donuts in a dispute over the GST classification of donuts, preventing the tax authorities from taking any coercive action against the company until the next hearing on March 24th. The court is also considering the issue of whether a single show-cause notice issued by the DGGI is sufficient or if separate notices are required for each GST registration.

Veteran BJP leader and Bharat Ratna recipient LK Advani, aged 96, has been discharged from AIIMS after undergoing treatment related to age-related health issues. Advani, a key figure in India's political landscape who served as Deputy Prime Minister and BJP president, was hospitalized on June 26 and underwent a minor medical procedure.