New CPI Series with 2024 Base Year

12 February 2026National

A new Consumer Price Index series adopting 2024 as its base year was released; CPI inflation for January 2026 stood at about 2.75% under the new base.

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BSE Partners MMTC-PAMP to Deepen India's Electronic Gold Receipts Market

BSE Limited signed an agreement with MMTC-PAMP, India's only LBMA-accredited gold and silver refiner, to deepen the market for Electronic Gold Receipts (EGRs). BSE will launch EGR contracts in multiple denominations while MMTC-PAMP contributes refining, vaulting and assaying expertise, the aim being greater participation, transparency and liquidity. EGRs are SEBI-regulated, exchange-traded securities representing physical gold held in vaults and kept in demat accounts, letting investors convert between the receipt and the metal. BSE, the first Indian exchange to launch EGR trading, currently offers units of 100 mg, 1 gram and 10 grams, with gold fineness of 999 and 995.

GK ByteBSE was established in 1875 as The Native Share and Stock Brokers' Association, is Asia's oldest stock exchange and is headquartered at Dalal Street, Mumbai | Gold exchanges and EGRs were brought under SEBI's purview by the Finance Act, 2021, with SEBI notifying the EGR framework in 2022 | LBMA is the London Bullion Market Association, which sets the global good-delivery standard for gold and silver bars

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GK ByteCBIC functions under the Department of Revenue, Ministry of Finance, and was renamed from the Central Board of Excise and Customs in 2018 after GST | Rules of origin determine the country where a good was produced and decide eligibility for preferential tariffs under a free trade agreement | New Zealand's capital is Wellington, its currency the New Zealand dollar and its Prime Minister heads a Westminster-style parliament

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The Reserve Bank of India published the minutes of its 63rd Monetary Policy Committee meeting on 21 October 2026, confirming that the 25 basis point repo rate hike to 5.50% on 7 October was unanimous (6-0) while the switch of stance from 'neutral' to 'calibrated tightening' passed 4-2, with Nagesh Kumar and Ram Singh preferring neutral. The resolution said rate cuts are 'off the table in the near term' and that policy ahead can only be a hike or a pause. The MPC raised FY27 GDP growth to 7.1% and CPI inflation to 5.2%. The next meeting is 2-4 December 2026.

GK ByteThe Monetary Policy Committee was created by the Finance Act 2016 amending the RBI Act 1934 and has six members, three from the RBI and three external, with the Governor holding a casting vote | MPC minutes must be published on the fourteenth day after the policy decision under Section 45ZL of the RBI Act | India's flexible inflation targeting framework sets CPI inflation at 4% with a tolerance band of plus or minus 2 percentage points

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