Moody’s Ratings on Monday projected India’s GDP to grow at 6.4 per cent in the next fiscal, the fastest pace among G-20 economies, driven by strong domestic consumption, policy measures, and a stable banking system. In its banking system outlook report, Moody’s said their asset quality will remain resilient, withContinue Reading
New Delhi, Jun 24 (KNN) The Centre has deferred the implementation of quality control norms for select categories of cross recessed screws for three years, offering relief to the fastener industry and MSMEs that had raised concerns over compliance challenges and supply disruptions. In a notification issued under the BureauContinue Reading
New Delhi, Jun 23 (KNN) The Reserve Bank of India (RBI) is pushing towards a fully digital, low-friction credit ecosystem for micro, small and medium enterprises (MSMEs), with the Unified Lending Interface (ULI) and digital public infrastructure at its core. Addressing an event to mark International MSME Day in KochiContinue Reading
New Delhi, Jun 24 (KNN) India’s non-banking financial company (NBFC) sector is expected to maintain robust growth, with assets under management (AUM) projected to exceed Rs 50 trillion by FY27, according to an analysis of annual reports by Equirus Securities. This is driven by rising retail credit penetration, increasing formalisationContinue Reading
New Delhi, Jun 25 (KNN) The Ministry of Statistics and Programme Implementation (MoSPI) will release India’s first-ever monthly Index of Services Production (ISP) on July 14, 2026, providing a high-frequency indicator to track output in the country’s services sector. The inaugural release will include the index for April 2026. Thereafter,Continue Reading
New Delhi, Jun 26 (KNN) Tier-II, Tier-III and smaller business centres are driving formal receivables financing in India, accounting for 71 percent of MSMEs on the M1xchange TReDS platform and 67 percent of transaction volume, according to its first Working Capital Pulse Report. The findings underscore the growing reach ofContinue Reading
New Delhi, Jun 24 (KNN) The Reserve Bank of India (RBI) has issued comprehensive new directions governing the Trade Receivables Discounting System (TReDS), consolidating a decade of fragmented guidelines into a single regulatory framework. The directions come into effect immediately and repeal the original TReDS guidelines issued in December 2014Continue Reading
