New Delhi, Jul 29 (KNN) A total of 1,077 cases have yielded resolution plans under the Insolvency and Bankruptcy Code (IBC), 2016, over the last five years, resulting in Rs 2.47 lakh crore realised for creditors, the government informed the Rajya Sabha. Minister of State for Corporate Affairs Harsh MalhotraContinue Reading
New Delhi, Aug 10 (KNN) India should not alter its Unified Payments Interface (UPI) policies under pressure from the United States and must safeguard competition, policy independence, and the long-term sustainability of its digital payments ecosystem, according to the think tank Global Trade Research Initiative (GTRI). The statement comes afterContinue Reading
New Delhi, Apr 16 (KNN) The share of bank loans in the overall borrowings of non-banking financial companies (NBFCs) is expected to rise to 44–45 per cent in the current fiscal, up from around 43 per cent in the second half of FY26, according to a report by Crisil Ratings.Continue Reading
New Delhi, May 4 (KNN) The Ministry of Finance has declared the ongoing West Asia situation as a Force Majeure (FM) event for government procurement contracts, allowing relief for contractors and suppliers affected by disruptions linked to the conflict. In a notification, the Department of Expenditure said the prevailing situationContinue Reading
New Delhi, May 20 (KNN) Export-Import Bank of India (India Exim Bank) has extended a USD 100 million credit facility to Africa Finance Corporation (AFC) to support India’s project exports across Africa under the Government of India’s ‘Focus Africa’ initiative. The announcement comes as India continues to strengthen its economicContinue Reading
New Delhi, Jun 6 (KNN) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday assured the public that cash shortages at ATMs would be addressed promptly, even as industry data revealed a significant and worsening gap between cash demanded for ATM replenishment and cash actually supplied by banks. ATMContinue Reading
New Delhi, Jun 25 (KNN) The Reserve Bank of India (RBI) on Wednesday issued revised directions on limiting customer liability in digital banking transactions, expanding the existing framework beyond unauthorised transactions to cover a broader category of fraudulent electronic banking transactions (EBTs), including both card-present and card-not-present cases. The revisedContinue Reading
