India moves to strengthen financial system against emerging cyber threats

Conceptual illustration representing financial cyber security measures in India

India is stepping up efforts to secure its rapidly expanding digital payments ecosystem, with the government outlining a multi-layered approach that combines regulatory oversight, artificial intelligence tools, audits, awareness campaigns, and cyber preparedness exercises. In a written reply in the Rajya Sabha, the Ministry of Finance stated that the government has been “proactively engaging with […]

RBI proposes allowing bank lending to REITs, signals policy shift in real estate financing

Reserve Bank of India headquarters building in Mumbai

The Reserve Bank of India has proposed permitting commercial banks to extend finance to Real Estate Investment Trusts (REITs), marking a significant regulatory shift aimed at improving capital flows into the country’s real estate sector. The proposal was outlined in the central bank’s latest Statement on Developmental and Regulatory Policies, where it noted that REITs […]

India moves to anchor container trade domestically with Bharat Container Shipping Line MoU; ₹59,000-crore ecosystem planned

Union ministers and officials at the signing of the Bharat Container Shipping Line MoU

The Union Government has taken a significant step toward building a domestically anchored container shipping ecosystem with the signing of a Memorandum of Understanding (MoU) for the establishment of the Bharat Container Shipping Line (BCSL), signalling a coordinated national push across shipping, ports, and rail-linked logistics. The MoU was signed earlier this week in the […]

India unveils cooperative taxi service ‘Bharat Taxi’, puts driver ownership at the centre

Launch event of Bharat Taxi cooperative taxi service attended by Union ministers

India on Thursday (5 February) unveiled a cooperative-run taxi service that seeks to place drivers at the centre of ownership, marking an unusual attempt to reshape the economics of the country’s rapidly expanding ride-hailing market. Union Home and Cooperation Minister Amit Shah formally launched ‘Bharat Taxi’, describing it as a model designed for workers in […]