New Delhi, May 28 (KNN) India should overhaul its approach to managing global economic shocks by prioritising targeted structural reforms over repeated reliance on fiscal subsidies, according to a white paper by Think Change Forum (TCF) on the ongoing West Asia crisis. The white paper titled ‘Economic Ringfence Amid theContinue Reading
Agartala, May 28 (KNN) Small Industries Development Bank of India (SIDBI) has inaugurated its Cluster Development Branch at Udaipur in Tripura as part of efforts to strengthen the MSME ecosystem, promote entrepreneurship and enhance financial inclusion in the region. The inauguration ceremony was attended by senior officials from theContinue Reading
New Delhi, May 28 (KNN) Indian corporates remain broadly resilient, supported by strong balance sheets and domestic demand, although 8 sectors face material credit risk, according to Crisil Ratings, which stress-tested 34 sectors. The agency assessed the impact of the ongoing West Asia conflict on credit quality across these sectorsContinue Reading
New Delhi, May 27 (KNN) The Department of Financial Services under the Ministry of Finance recently convened a meeting with major industry associations to discuss the implementation, operational guidelines and business opportunities under the newly launched Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. The meeting was attended by representativesContinue Reading
New Delhi, May 27 (KNN) The Consulate General of India in New York, in collaboration with Walmart, is hosting a webinar to help Indian exporters and small businesses navigate the pathway to the US market. The webinar, titled ‘Discover Pathways for Export to USA for Indian Exporters and MSMEs’, isContinue Reading
New Delhi, May 27 (KNN) Delhi-based Confederation of All India Traders (CAIT) has welcomed remarks made by Nirmala Sitharaman at a recent SIDBI event, where she stressed that standard financial products cannot adequately address the needs of non-standard businesses and called for credit products aligned with enterprise-specific business cycles. Continue Reading
New Delhi, May 26 (KNN) Despite robust balance sheets and favourable long-term growth prospects, Indian corporates face near-term credit pressure from elevated energy prices and geopolitical uncertainty, Moody’s Ratings said on Monday, while its Indian affiliate ICRA revised the outlook to negative for several key sectors. Energy Costs the PrimaryContinue Reading
