New Delhi, May 29 (KNN) The Reserve Bank of India in its Annual Report 2025-26 said bank credit growth remained strong during the financial year, with lending to the micro, small and medium enterprises (MSMEs) sector witnessing accelerated expansion amid continued policy focus on financial inclusion and easier credit access.Continue Reading
New Delhi, May 29 (KNN) Consultancy firm EY has called for a significant reorientation of India’s economic strategy amid the West Asia crisis, urging the government to expand reserves of critical commodities and reduce dependence on volatile global supply chains. In its Economy Watch May 2026 report, EY cautioned thatContinue Reading
New Delhi, May 29 (KNN) The Ministry of Micro, Small and Medium Enterprises convened the second SME Working Group Meeting this week under the BRICS Partnership on the New Industrial Revolution (PartNIR) track, with discussions focused on improving technology access and innovation for micro, small and medium enterprises (MSMEs) acrossContinue Reading
New Delhi, May 29 (KNN) The Reserve Bank of India (RBI) is set to reintroduce the idea of plastic currency notes, driven by surging demand, rising printing costs, and a sharp increase in soiled note disposal. The RBI has revived discussions on introducing polymer (plastic) banknotes for public circulation, withContinue Reading
New Delhi, May 29 (KNN) State Bank of India’s (SBI) Chairman Challa Sreenivasulu Setty has cautioned that while India’s macroeconomic foundations remain sound, the spillover effects of the Gulf conflict could weigh on growth and reignite inflationary pressures in the year ahead. In his message to shareholders, Setty said, “TheContinue Reading
New Delhi, May 29 (KNN) Facing mounting pressure due to rising raw material prices, supply-chain disruptions and elevated energy costs amid the ongoing West Asia conflict, India’s downstream aluminium industry, particularly MSMEs, has demanded rationalisation of import tariffs on primary aluminium. Global aluminium markets remain under stress as the conflictContinue Reading
New Delhi, May 28 (KNN) The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the continuation of the ‘Scheme for Assistance in Ration Transport and Handling-Income with Automation in PDS’ (SARTHAK-PDS) as an umbrella scheme during the 16th Finance Commission award period with a centralContinue Reading
