Mumbai: India’s latest suite of dedicated forex-inflow programmes could net about $100 billion, nearly three times the proceeds from the last such exercise during the 2013 taper tantrum, if the special drives retain the early momentum displayed so far, market experts and economists said.

“If the current pace of FCNR(B) inflows, as reflected in the central bank data, continues, we may well see three-digit US dollar billion mobilisation, significantly exceeding the initial estimates of $50-60 billion,” said VRC Reddy, head of treasury, Karur Vysya Bank. “The momentum so far has been a pleasant surprise.”

The Reserve Bank of India (RBI) Saturday said the special programmes between them had mobilised $40.81 billion in foreign exchange inflows up to July 31. Of this, FCNR(B) deposits accounted for $36.72 billion, despite the current programme having been operational only since June 8. The strong response has prompted economists to raise their estimates of the eventual mobilisation under the scheme.

“The cumulative inflows across FCNR(B), ECB and OFCB could reach $90 billion or even higher. Collections so far have been much stronger than expected,” said Gaura Sengupta, chief economist, IDFC First Bank.

She has consequently revised FY27 balance of payments surplus forecasts to $40 billion from $25 billion earlier.

The dedicated facilities, announced by the RBI on June 5 and operationalised on June 8, provide concessional foreign exchange swaps to banks to encourage capital inflows, support the balance of payments, cushion the rupee and contain imported inflation. The FCNR(B) window remains open until September 30, while the ECB and OFCB windows will remain available until December 31.
Robust Flows
“We continue to see up to $75 billion being raised under these concessional schemes, helping fund the current account gap, with a possible balance of payments surplus of nearly $35 billion in FY27,” said Madhavi Arora, chief economist at Emkay Global Financial Services.
Madan Sabnavis, chief economist, Bank of Baroda, estimates the overall mobilisation around $70 billion. “We believe around $70 billion can come through the total window, with $50-60 billion from FCNR(B) alone and another $10 billion from ECB and OFCB, though those flows are likely to pick up only after September,” he said.

A clean, well-ordered office does far more than impress the occasional visitor — it shapes how employees feel about turning up each morning, how well they stay through cold-and-flu season, and how seriously prospective clients take the business they are considering working with.

Despite this, office cleaning is still frequently treated as an afterthought: a line on the budget to be trimmed rather than a service that quietly supports productivity, health and reputation.

For any UK business owner reviewing their facilities arrangements, choosing the right cleaning partner is a more consequential decision than it first appears. The difference between a good provider and a poor one rarely shows up in the first week; it shows up over the months that follow. Here is what to weigh up before you commit to a contract.

Treat cleaning as an investment, not just a cost

A growing body of workplace research links clean, hygienic environments with lower staff absence and higher morale. Shared surfaces, keyboards, kitchens and washrooms are common transmission points for the illnesses that quietly drain a team’s output every winter. A well-run cleaning regime reduces that burden, while a tidy, cared-for space signals to employees that their wellbeing matters.

There is a commercial dimension too. The first thing a prospective client, candidate or investor notices when they arrive is the state of your premises. A spotless reception and meeting room say a great deal about how you run everything else. When you frame cleaning this way, the question stops being “how little can we spend?” and becomes “what standard does our business actually need?”

Look beyond the hourly rate

The cheapest quote is rarely the best value, and an unusually low price often hides shortcuts — undertrained staff, no supervision, or corners cut on insurance and compliance. Before comparing numbers, check the fundamentals:

• Accreditations such as ISO 9001, ISO 14001, ISO 45001 and BICSc membership, which demonstrate audited quality, environmental and safety standards.
• Adequate insurance, including public liability cover appropriate to the sites being serviced.
• DBS-checked, properly vetted and trained operatives — particularly important where cleaners work out of hours or handle sensitive premises.
• Membership of schemes such as SafeContractor, and a clear health-and-safety policy with RAMS where required.

A credible provider will share this documentation without hesitation. Hesitation is itself an answer.

Understand TUPE before you switch

One issue that catches many business owners off guard is TUPE. When you move an existing cleaning contract from one provider to another, the Transfer of Undertakings (Protection of Employment) regulations usually apply, meaning the incumbent cleaning staff may transfer to the new provider on their existing terms. Handled badly, this causes disruption, disputes and a dip in service just as you are trying to raise standards. Handled well, it is barely noticeable.

Ask any prospective partner how they manage TUPE transfers, how they consult affected staff, and what their mobilisation timeline looks like. A confident, specific answer is a strong sign of an operator who has done this many times before.

Daily “spray and go” versus a managed contract

There is a real difference between a lone cleaner turning up unsupervised and a properly managed contract. The latter typically includes a consistent, assigned team who learn your site, a named supervisor or account manager, scheduled quality inspections, and audit reporting that gives you visibility of what is actually being done. For anything beyond the smallest office, that structure is what keeps standards from slipping after the first enthusiastic month.

Questions worth asking before you sign

• Who will actually be cleaning our premises, and will it be the same team each visit?
• How do you supervise quality, and what reporting will we receive?
• Can you provide references from businesses of a similar size or sector?
• How quickly can you mobilise, and how do you handle TUPE if we are switching provider?
• What happens if something goes wrong — a spillage, a missed visit, or an urgent deep clean?

Don’t overlook sustainability

Increasingly, procurement teams and staff alike expect cleaning to be carried out responsibly. Providers using environmentally responsible products, reducing single-use plastics and managing waste sensibly not only lighten your environmental footprint but also improve indoor air quality — a genuine wellbeing benefit for the people using the space every day.

The bottom line

Ultimately, the right partner treats your premises as though they were their own, and gives you one less thing to worry about. Whether you run a single office or manage a portfolio of sites across the country, working with an established provider of professional office cleaning services that can evidence its accreditations, insure and vet its staff, and set out a clear mobilisation plan will save you time, protect your people, and reflect well on the brand you have worked hard to build.

Chewy expects sales will continue to come under pressure through the rest of this year as consumers pull back on discretionary purchases like pet treats.

The online pet-supplies retailer still bumped up its full-year outlook, pointing to a boost from market share gains and recent acquisitions, but its updated forecast is below the initial projection it gave back in March. The company had lowered its expectations in June as consumers grew more cautious.

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