Allegations of Gautam Adani and Adani Group’s involvement with ‘opaque’ Mauritius funds have emerged. Adani Group denies these allegations, claiming them as baseless and unsubstantiated. The regulatory probe on suspected violations in overseas investments by Adani Group is still ongoing.
Finance Minister Nirmala Sitharaman is optimistic about India’s economy and expects the private sector to invest actively. She believes that the current inflationary pressures are manageable and that the Reserve Bank of India is focused on the country’s needs. Sitharaman also discussed the potential for rate rationalization in the Goods and Services Tax (GST) and expects strong GDP growth in the next quarter. Additionally, she highlighted India’s achievements at the G20 summit and commented on the Hindenburg report’s impact on corporate governance.
