
Business
RBI's Data Governance Draft Falls Hardest on India's Smallest NBFCs
RBI's new draft data governance rules ask a five-branch NBFC to install the same senior data officer as a nationalised bank. The mandate lands on lenders whose loans are a sixth the market's average size.
By The Signal Editorial
July 24, 2026 · 7 min read
The Latest

Markets
RBI's Dollar Sales to Defend the Rupee Are Tightening Its Own Banks
Every dollar the RBI sells to defend the rupee pulls a matching sum of rupees out of the banking system. That mechanism is now running into a liquidity surplus already at a three-week low.
July 24, 2026

Business
India's Services Boom Just Became Its Growth Problem
India's composite PMI just hit a four-year low, but split the number in two and manufacturing barely moved. Services, the sector that has carried Indian growth since the pandemic, did nearly all the falling.
July 24, 2026

Business
The US Tariff on India Did Not Change Its Number, Only Its Legal Basis
Washington let a temporary 10 percent tariff on India expire and replaced it with a permanent one at the same rate, built on a forced labor finding instead of the trade deficit.
July 24, 2026

Technology
India Answered the AI Copyright Question the US Courts Still Haven't
The Delhi High Court just ruled that training ChatGPT on a newswire's content is fair dealing, weighing 100 million weekly Indian users against one publisher's claim. The US and Canada haven't gotten this far.
July 24, 2026

Health
How Fixing Child Malnutrition Is Fueling India's Diabetes Epidemic
The Indian states that cut child stunting fastest over the last five years are now posting the steepest rises in adult obesity and diabetes. A well-documented biological mechanism explains why the two trends are connected, not coincidental.
July 24, 2026

Geopolitics
India Promised Fast-Track Courts Before and Still Fell 65 Short
PM Modi's new fast-track courts for exam paper leaks follow the same script as a 2019 scheme for rape and POCSO cases. Six years and one target cut later, that scheme is still 65 courts short.
July 23, 2026
Business & Markets

Business
RBI's Data Governance Draft Falls Hardest on India's Smallest NBFCs
RBI's new draft data governance rules ask a five-branch NBFC to install the same senior data officer as a nationalised bank. The mandate lands on lenders whose loans are a sixth the market's average size.
July 24, 2026

Business
India's Services Boom Just Became Its Growth Problem
India's composite PMI just hit a four-year low, but split the number in two and manufacturing barely moved. Services, the sector that has carried Indian growth since the pandemic, did nearly all the falling.
July 24, 2026

Business
The US Tariff on India Did Not Change Its Number, Only Its Legal Basis
Washington let a temporary 10 percent tariff on India expire and replaced it with a permanent one at the same rate, built on a forced labor finding instead of the trade deficit.
July 24, 2026
Technology & Science

Technology
India Answered the AI Copyright Question the US Courts Still Haven't
The Delhi High Court just ruled that training ChatGPT on a newswire's content is fair dealing, weighing 100 million weekly Indian users against one publisher's claim. The US and Canada haven't gotten this far.
July 24, 2026

Technology
AMD's Two Chip Deals Now Nearly Match India's Entire Data Centre Pipeline
AMD's two AI chip deals commit up to 8 GW of capacity between them, just short of India's entire 8.33 GW data centre pipeline. The binding constraint was never capital.
July 23, 2026

Technology
India's Child Consent Rule Is Stricter Than France's Ban, and Still Not Enforceable
France just banned social media for anyone under 15, the first such law in the EU. India's own privacy law already sets a stricter bar, verifiable parental consent for any child under 18, but the rule that would enforce it does not bind a single platform until 2027.
July 23, 2026
Health, Culture & Geopolitics

Health
How Fixing Child Malnutrition Is Fueling India's Diabetes Epidemic
The Indian states that cut child stunting fastest over the last five years are now posting the steepest rises in adult obesity and diabetes. A well-documented biological mechanism explains why the two trends are connected, not coincidental.
July 24, 2026

Health
India Approved a Dengue Vaccine Without the Safety Screen the Last One Needed
India's drug regulator cleared Takeda's Qdenga for anyone aged 4 to 60, with no test for whether they had dengue before. Qdenga's own trial data show that history is exactly what its protection depends on.
July 21, 2026

Health
Only 12 Percent of India's Brain Clot Patients Carry a Genetic Cause
A new ICMR hospital registry finds anaemia and alcohol use, not inherited clotting disorders, are the leading risk factors behind India's brain clots. Genetic causes showed up in only one in eight patients tested.
July 20, 2026