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Genius — OpenServe

Fed Raises Rates, Signals Further 2026 Hike — Sep 14, 2026RBI Governor Sanjay Malhotra met Finance Minister Nirmala Sitharaman amid rising inflation risks linked to crude oil prices, with SBI Ecowrap signaling a higher chance of rate hikes as oil crosses $100 a barrel. The meetings precede the RBI’s October 5–7, 2026 MPC policy review, following India’s 7.8% Q1 GDP growth and a kept repo rate of 5.25% in August.

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I-T Dept urged to ease taxpayers, curb evasion — Jul 24, 2026Indian Finance Minister Nirmala Sitharaman urged the Income Tax Department to balance convenience for honest taxpayers with firm action against evasion, calling tax certainty an economic imperative. She reiterated the five Rs—recognise, respond, redress, reflect, and reform—while highlighting the revamped Income Tax Act 2025 and a strengthened e-filing system to reduce disputes and improve processing timelines, including notes on appeals and refunds.

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India 88-2 at lunch in Colombo, leads series — Aug 23, 2026India were 88-2 at lunch on Day 1 of the second Test against Sri Lanka in Colombo, with Yashasvi Jaiswal on 45 and KL Rahul on 18, while Devdutt Padikkal and captain Shubman Gill were 13 not out and 11 not out. Sri Lanka’s bowlers Lahiru Kumara and Asitha Fernando shared early wickets as India chased a 1-0 lead in the series.

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