Daily trending news …
The article outlines India’s Union Budget 2026-27 preparations led by the finance minister, noting the absence of a dedicated finance secretary and detailing new appointments across CBDT, CBIC, DIPAM and related economic divisions. It covers budget oversight, revenue, expenditure and implementation coordination within the ministry.
Amazon Pay introduced fixed deposits on January 5, 2026, partnering with banks and NBFCs like Shriram Finance and Bajaj Finance. Users invest from ₹1,000 via the app without separate accounts, earning up to 8% annual interest; seniors get +0.5% extra across partners, and women receive another +0.5% from Shriram.
TCI Finance, an NBFC, recorded a sharp rise in December, with the stock up 144% over ten trading days as retail investors led the rally. The surge followed circuit limit movements and strong liquidity, highlighting appetite for small-cap NBFCs in Indian markets.
The Finance Ministry will review interest rates for Post Office small savings schemes, including PPF and NSC, on December 31, 2025, with new rates effective January-March 2026. Current top rates remain 8.2% for SCSS and Sukanya Samriddhi, while PPF stands at 7.1%. Falling bank FD rates after RBI’s 2025 repo cuts and lower 10-year G-Sec yields (6.54%) suggest potential reductions, though the govern
Shriram Finance board approved raising ₹39,617 crore from Japan’s MUFG Bank via preferential allotment of 47.11 crore shares at ₹840.93 each on 19 Dec 2025, securing MUFG a 20% stake on fully diluted basis. This landmark deal, India’s biggest foreign investment in financial services, awaits shareholder nod at EGM on 14 Jan 2026 and regulatory clearances from RBI/CCI.
Finance Minister Nirmala Sitharaman tabled the Sabka Bima Sabki Raksha Bill 2025 in Lok Sabha on 16 Dec, raising FDI cap in insurance from 74% to 100% to achieve universal coverage by 2047. The amendments to 1938 Insurance Act, LIC Act 1956 and IRDA Act 1999 allow non-insurance firms to merge with insurers while mandating an Indian citizen as Chairman/MD/CEO for domestic control, boosting capital
The Indian Finance Ministry stated in Parliament that gold and silver prices are determined by market forces, with no government role in fixing them, amid volatility driven by geopolitical tensions. As relief, it cut gold import customs duty from 15% to 6% in July 2024 and promotes schemes like Gold Monetization Scheme, ETFs, and Sovereign Gold Bonds to curb physical demand and imports.
Bajaj Finance offloaded 1.9994% stake (16.66 crore shares) in Bajaj Housing Finance on Dec 2, 2025 via bulk deal at Rs.95.31, raising Rs.1,588 crore to comply with minimum public shareholding norms. Bajaj Housing shares plunged 9% to a 52-week low of Rs.94.90 on block-deal buzz but rebounded 1.24% to Rs.98.20 the next day. Bajaj Finance’s holding now stands at 86.7%, while its own stock dipped 0.4
The Finance Ministry has clarified that there is no proposal to merge the existing Dearness Allowance (DA) with the basic pay for central government employees and pensioners. The DA, which currently stands at 58%, is revised twice a year based on the All India Consumer Price Index to protect employees’ salaries and pensions from inflation.
India’s finance industry is experiencing high demand for skilled talent, with many positions offering starting salaries exceeding Rs 1 lakh per month. Sectors such as investment banking, fintech, and risk management are hiring actively as businesses grow, markets evolve, and digital technologies transform financial services.
