New Delhi, Jul 14 (KNN) The government has asked public sector banks to step up efforts to mobilise foreign currency deposits from non-resident Indians (NRIs) as part of measures to strengthen India’s foreign exchange reserves and support the rupee. Government Pushes NRI Deposit Mobilisation At a meeting on Monday, FinanceContinue Reading
New Delhi, Jul 22 (KNN) The Insolvency and Bankruptcy Code (IBC) has facilitated the resolution of 1,419 Corporate Insolvency Resolution Processes (CIRPs) since its inception, resulting in recoveries of Rs 4.32 lakh crore for creditors as of March 31, 2026, the government informed the Rajya Sabha. Replying to a question,Continue Reading
New Delhi, Aug 3 (KNN) India’s wholesale price index (WPI)-based inflation rose to 9.87 per cent in June from 9.68 per cent in May, driven largely by higher prices of globally sensitive commodities, the government informed Parliament on Monday. In a written reply in the Lok Sabha, Minister of StateContinue Reading
New Delhi, Apr 14 (KNN) Despite a sharp rise in global energy prices amid the ongoing West Asia conflict, the impact on India’s retail inflation has remained limited so far, according to a report by CRISIL Intelligence. The report noted that even after a month since the onset of theContinue Reading
New Delhi, Apr 29 (KNN) The Ministry of Statistics and Programme Implementation (MoSPI) is exploring the use of aggregated Goods and Services Tax (GST) data on outward supplies as a proxy to track short-term production trends in India’s services sector. The move is part of its efforts to develop aContinue Reading
New Delhi, May 13 (KNN) India’s monetary policy can accommodate temporary supply-side shocks but may require intervention if inflationary pressures persist following the Iran war-driven surge in global oil prices, Reserve Bank of India (RBI) Governor Sanjay Malhotra said. Speaking at a conference in Switzerland on Tuesday, Malhotra indicated thatContinue Reading
New Delhi, May 25 (KNN) The Department for Promotion of Industry and Internal Trade (DPIIT) has released operational guidelines for the BHAVYA scheme — Bharat Audyogik Vikas Yojna — a central sector programme aimed at developing investment-ready industrial parks across the country, with a total outlay of Rs. 33,660 croreContinue Reading
