New Delhi, Jul 7 (KNN) Five Indian states have crossed the World Bank’s upper-middle-income threshold based on per capita income, even though India continues to be classified as a lower-middle-income economy, according to World Bank income classifications and state-level income data. Five States Cross Upper-Middle-Income Threshold The World Bank classifiesContinue Reading
New Delhi, Aug 5 (KNN) The Reserve Bank of India’s Monetary Policy Committee (MPC) has kept the policy repo rate unchanged at 5.25 percent and retained its neutral stance, with PHD Chamber of Commerce and Industry (PHDCCI) terming the decision supportive of economic growth. RBI Keeps Repo Rate Unchanged AtContinue Reading
New Delhi, Apr 8 (KNN) Women borrowers in India now hold a credit portfolio of Rs 76 lakh crore or nearly 26 per cent of the total system credit, a NITI Aayog report has said. The report highlighted that women’s credit exposure has expanded 4.8 times since 2017, reflecting aContinue Reading
New Delhi, May 11 (KNN) The Ministry of Labour & Employment has notified the Industrial Relations (Central) Rules, 2026, bringing them into force with immediate effect from May 8, 2026. It aims to operationalise key provisions of the Industrial Relations Code, 2020 and overhaul India’s industrial relations framework with aContinue Reading
Chennai, Jun 4 (KNN) Micro, small and medium enterprise (MSME) representatives in Coimbatore have urged the Tamil Nadu Commercial Taxes Department not to invoke Section 74 of the State Goods and Services Tax (SGST) Act for routine compliance lapses. They stated that the provision should be reserved for cases involvingContinue Reading
New Delhi, Jul 8 (KNN) The Reserve Bank of India (RBI) is pushing for interoperability in the Trade Receivables Discounting System (TReDS) to promote greater competition among platform operators and prevent business concentration among a few entities, according to sources. RBI Pushes for Interoperable TReDS Ecosystem The RBI has alreadyContinue Reading
New Delhi, Aug 6 (KNN) The 12th SAMWAD dialogue with ‘Friends of MSMEs in Parliament’ was convened in New Delhi to deliberate on key issues impacting MSMEs, including the MSMED Amendment Bill and issues concerning the informal sector. It was organized by ‘Friends of MSMEs in Parliament’ and Federation ofContinue Reading
