New Delhi, Mar 6 (KNN) The Central Board of Indirect Taxes and Customs (CBIC) has extended the facility of deferred payment of customs import duty to Eligible Manufacturer Importers (EMIs). The facility will come into effect from 1 April 2026 and will remain available until 31 March 2028. Under theContinue Reading
New Delhi, Mar 21 (KNN) The government has approved a limited-period Rs 20,000-crore credit guarantee scheme to ease funding constraints faced by microfinance institutions (MFIs). The Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) will support loans extended by member lending institutions (MLIs), including banks and other lenders, to MFIs andContinue Reading
New Delhi, Mar 5 (KNN) Non-banking financial companies (NBFCs) focused on gold loans are expected to maintain strong profitability, with average return on managed assets (RoMA) projected at about 4.25–4.5 per cent through this and the next fiscal, according to Crisil Ratings. The outlook is supported by strong demand, improvingContinue Reading
New Delhi, Mar 23 (KNN) Minister of State for Finance Pankaj Chaudhary replying to a question in the Parliament on Monday said that the government has undertaken steps to simplify income tax laws while minimising ambiguity and litigation. A comprehensive review of the Income-tax Act, 1961 was carried out toContinue Reading
New Delhi, Mar 3 (KNN) India and Japan have renewed their Bilateral Swap Arrangement (BSA), effective February 28, 2026, maintaining the facility at up to USD 75 billion. The agreement was signed between the Bank of Japan (BoJ), acting as agent for Japan’s Ministry of Finance, and the Reserve BankContinue Reading
New Delhi, Mar 23 (KNN) The Association of Gold Loan Companies (AGLOC) has urged the Reserve Bank of India (RBI) to defer the implementation of revised norms on lending against gold and silver collateral by up to six months, citing geopolitical uncertainty and potential disruptions to credit access. IndustryContinue Reading
New Delhi, Mar 2 (KNN) The Department of Financial Services (DFS), under the Ministry of Finance, organised a two-day workshop focussed on implementation of government’s reservation policy in public sector banks, state-run insurance companies, regulators and other government-controlled financial insitutions. The workshop was held at the Bank of Baroda AcademyContinue Reading
