New Delhi, Aug 5 (KNN) India’s GDP at current prices is projected to reach around USD 5.1 trillion by 2028-29, crossing the USD 5-trillion mark in FY29, according to the International Monetary Fund (IMF), Finance Minister Nirmala Sitharaman said in the Rajya Sabha. In a written reply, Sitharaman cited theContinue Reading
New Delhi, Aug 4 (KNN) More than 6.67 lakh MSMEs had received Zero Defect Zero Effect (ZED) certifications as of July 7, 2026, while around 9.49 lakh MSMEs had registered under the MSME Sustainable (ZED) Certification Scheme. The Ministry of Micro, Small and Medium Enterprises provides a 100Percent subsidy on ZEDContinue Reading
New Delhi, Aug 4 (KNN) The Rajya Sabha has passed the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, aimed at addressing delayed payments to MSMEs, streamlining dispute resolution and improving liquidity for the sector. The Bill, moved by Union MSME Minister Jitan Ram Manjhi, was passed by voiceContinue Reading
New Delhi, Aug 4 (KNN) India has achieved near-universal banking coverage, with 99.92 percent of inhabited villages having access to a banking outlet within a 5-km radius, the Ministry of Finance said in the Lok Sabha. 99.92 percent Villages Have Banking Access Within 5 Km According to data uploaded onContinue Reading
New Delhi, Aug 4 (KNN) The Rs 40,000-crore corrugated packaging industry, dominated by MSMEs, has raised concerns over the GST structure effective from September 2025, under which the tax on kraft paper was increased to 18 percent while the levy on finished corrugated boxes was reduced to 5 percent .Continue Reading
New Delhi, Aug 3 (KNN) The Reserve Bank of India (RBI) is expected to keep interest rates unchanged at its Monetary Policy Committee (MPC) meeting on August 5, as economists see limited justification for an immediate policy move despite emerging inflation risks. A stable rupee, resilient domestic growth, and uncertaintyContinue 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
