India’s central bank kept its policy rate unchanged as a U.S.-India trade deal eased a key economic headwind, for now, the Wall Street Journal reported. The Reserve Bank of India on Friday voted unanimously to hold its policy repo rate at 5.25%, pausing after December’s rate cut. The RBI also voted to keep its monetary policy stance neutral. “Amidst heightened geo-political tensions and elevated uncertainty, the Indian economy is in a good spot with strong growth and low inflation,” and the monetary policy committee considers the current policy rate “appropriate”, RBI Gov.
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India is talking to cryptocurrency exchanges to assess evolving trading activity as it ​seeks oversight over newer crypto products, according to a ‌top tax official, Reuters reported. India does not regulate cryptocurrencies, but global crypto exchanges such ‌as Binance, Coin DCX, Coinbase and Zebpay operate in the country after registering with a government agency. Asia's third-largest economy has imposed punitive taxes on gains from cryptocurrencies and the local central bank ⁠has repeatedly cautioned against ‌the risks from crypto trading.
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The bankruptcy court has admitted Smaaash Leisure, a premium bowling and entertainment format operator, under the corporate insolvency resolution process (CIRP) in an application filed by JC Flowers Asset Reconstruction after the company failed to repay its dues, the Economic Times of India reported. Mumbai-based Smaaash Leisure was originally known as PVR bluO Entertainment, which was subsequently sold by multiplex operator PVR to Smaaash Group in 2017 for about ₹86 crore.
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The government should focus on strengthening infrastructure at the National Company Law Tribunals (NCLTs) to improve efficiency in insolvency cases under the Insolvency and Bankruptcy Code (IBC) in the upcoming Union Budget, asserted Anoop Rawat, National Practice Head at Shardul Amarchand Mangaldas & Co. "What we need is the strengthening of the infrastructure at the NCLTs. We need more and more benches," Rawat said in an interview with ANI, when asked what one change would make the IBC stronger immediately. The Union Budget for 2026-27 will be tabled in the Parliament on Sunday morning.
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The Central government is set to introduce the Insolvency and Bankruptcy Code amendment Bill during the second half of the Budget session starting March 9, news agency PTI quoted Finance Minister Nirmala Sitharaman as saying, the Economic Times of India reported. The parliamentary committee has submitted its report as far as proposed legislation with respect to Insolvency and Bankruptcy Code (IBC) is concerned, she said during an interaction with the media a day after presenting Budget 2026-27 in the Lok Sabha.
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The Indian government needs to enhance the effectiveness of the insolvency framework, simplify tax structures for bonds, and ensure greater coordination between agencies to boost investor confidence in corporate debt, the Economic Survey for 2025-26 said on Thursday, LiveMint.com reported. The regulators have taken several measures over the years to deepen the corporate bond market, but coordinated and phased reforms are needed to further strengthen it and lower the cost of credit for Indian companies, the survey said.
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The Insolvency and Bankruptcy Code (IBC) has been a game-changer and has transformed the insolvency landscape by fostering transparency, accountability and efficiency in corporate dispute resolution and laying the foundation of a more resilient and robust economy, Financial Services Secretary M Nagaraju said on Wednesday, the Economic Times of India reported.
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