Govt reviews RBI's proposal on opening foreign bank branches, Indian banks’ global expansion IANS | 20 Nov, 2025 M. Nagaraju, Secretary, Department of Financial Services (DFS), on Thursday chaired the inter-departmental committee (IDC) meeting to deliberate on proposals received from the Reserve Bank of India (RBI) concerning the establishment of branches, representative offices and subsidiaries of foreign banks in India.
Finance Minister Nirmala Sitharaman on Tuesday chaired the fourth round of pre-Budget consultations with key stakeholders from the capital markets here as part of the government’s preparations for the Union Budget 2026–27.
Highlighting the government’s efforts to make India a leader in technology, Defence Minister Rajnath Singh said on Tuesday that the country’s defence industrial base is expanding rapidly, with the synergy among DRDO, Armed Forces, industry and academia -- creating a virtuous cycle of research, testing, field feedback and innovation.
Senior officials from the PHD Chamber of Commerce and Industry (PHDCCI) on Wednesday met Revenue Secretary Arvind Srivastava to present the industry’s recommendations on direct and indirect tax policies.
Harnessing frontier technologies like AI, Advanced Materials, Digital Twins, and Robotics can help manufacturing contribute over 25 per cent to India’s GDP, creating more than 100 million jobs, and positioning the country among the top three global hubs for advanced manufacturing by 2035 towards Viksit Bharat at 2047, a NITI Aayog report said on Wednesday.
