New Delhi, May 7 (KNN) The newly approved Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 could benefit nearly 1.1 crore micro, small and medium enterprise (MSME) accounts by providing additional working capital support, according to a report by SBI Research. The scheme, cleared by the Union Cabinet, aims to helpContinue Reading
Mumbai, May 8 (KNN) Department of Financial Services Secretary M Nagaraju has asked banks and financial institutions to strengthen cybersecurity systems and operational resilience. He warned that advanced artificial intelligence models such as Claude and Anthropic’s ‘Mythos’ could pose serious risks if deployed publicly in India. Speaking at the IndianContinue Reading
New Delhi, May 8 (KNN) India has begun advancing a renewed cooperation agenda for micro, small and medium enterprises (MSMEs) under its 2026 BRICS Chairship, with a focus on improving access to finance and strengthening institutional collaboration among member countries. As part of its responsibilities under the BRICS Partnership onContinue Reading
New Delhi, May 9 (KNN) India should avoid rushing into a bilateral trade agreement with the United States as President Donald Trump faces repeated legal setbacks over his tariff regime, trade think tank Global Trade Research Initiative (GTRI) said on Friday. US Court Strikes Down Trump’s Tariff Move The warningContinue Reading
New Delhi, May 8 (KNN) External Affairs Minister S Jaishankar said India is emerging as a key pillar of global economic stability, highlighting that the country is expected to contribute 17 percent of global growth in 2026. Addressing representatives from various sections of Surinamese society during his visit to Suriname,Continue Reading
New Delhi, May 9 (KNN) The central government can deploy a three-pronged strategy to mitigate the impact of a global energy shock on domestic growth, according to Pranjul Bhandari, Chief India & ASEAN Economist, HSBC. Speaking to ANI, Bhandari noted that while energy shocks typically push inflation higher and slowContinue Reading
New Delhi, May 11 (KNN) Federation of Indian Micro and Small & Medium Enterprises (FISME) will organise a webinar on May 12 to help MSMEs better understand financial agreements and strengthen dispute resolution mechanisms amid growing complexities in banking-related transactions. The webinar, titled ‘Strengthening MSME Financial Agreements and Dispute ResolutionContinue Reading
