New Delhi, Jun 5 (KNN) The Ministry of Finance has announced a series of measures to simplify foreign investment procedures and attract long-term overseas capital into Indian equity and government securities markets. The reforms are aimed at enhancing ease of investment for individual Persons Resident Outside India (PROIs) and ForeignContinue Reading
New Delhi, Jun 5 (KNN) Digital adoption is significantly improving productivity and accelerating formalisation among India’s informal enterprises, according to a new SBI Research analysis based on the Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025. The report, titled “Empowering Enterprises through Digitalisation and Formalisation”, found that a one-unit increaseContinue Reading
New Delhi, Jun 4 (KNN) The Organisation for Economic Co-operation and Development (OECD) has revised India’s economic growth forecast upward to 6.3 percent for FY27, while cautioning that higher energy prices arising from the ongoing West Asia conflict could dampen economic activity and revive inflationary pressures. In its latestContinue 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, Jun 4 (KNN) India’s decision to limit the pass-through of rising global oil prices to domestic consumers has effectively acted as an implicit subsidy to households and businesses, former International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath said. Speaking to news agency ANI, Gopinath said the IndianContinue Reading
New Delhi, Jun 4 (KNN) India has significantly expanded policy support for micro, small and medium enterprises (MSMEs) over the past decade, but persistent regional and sectoral imbalances continue to limit the sector’s full growth potential, according to a research by Piramal Finance. The report titled ‘The Geography ofContinue Reading
New Delhi, Jun 4 (KNN) Citigroup Chair and CEO Jane Fraser met Indian Prime Minister Modi to discuss India’s economic growth trajectory and investment landscape, and explore opportunities for the American banking major to deepen its support for the country’s key development priorities, according to a statement by Citigroup. PMContinue Reading
