Chandigarh, Jul 30 (KNN) The Haryana government to unveil a new MSME and Export Promotion Policy aiming at attracting over Rs 55,000 crore in manufacturing investment, creating more than 5 lakh jobs and doubling exports over the next five years. Approved under the leadership of Chief Minister Nayab Singh Saini, the policy introducesContinue Reading
New Delhi, Jul 29 (KNN) Regional Rural Banks (RRBs) posted their highest-ever consolidated net profit of Rs 10,177 crore in FY 2025-26, while key financial indicators including deposits, loans, credit-deposit ratio, net worth and capital adequacy improved, according to data from NABARD. The information was provided by Minister of StateContinue Reading
New Delhi, Jul 29 (KNN) The Reserve Bank of India (RBI) has proposed that all securitisation notes be issued, held and transferred only in dematerialised (demat) form, as part of draft amendments aimed at improving efficiency, liquidity and transparency in the securitisation market. The central bank released separate draft amendmentContinue Reading
New Delhi, Jul 29 (KNN) A total of 1,077 cases have yielded resolution plans under the Insolvency and Bankruptcy Code (IBC), 2016, over the last five years, resulting in Rs 2.47 lakh crore realised for creditors, the government informed the Rajya Sabha. Minister of State for Corporate Affairs Harsh MalhotraContinue Reading
New Delhi, Jul 29 (KNN) The government on Tuesday introduced the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026 in the Rajya Sabha, aiming to address long-standing issues of delayed payments to small businesses and improve the overall ease of doing business. Presenting the Bill, Union MSME Minister JitanContinue Reading
New Delhi, Jul 29 (KNN) The Electronics Development Fund (EDF) has invested Rs 257.77 crore in eight daughter funds, which have further invested Rs 1,335.77 crore in 128 companies and startups, the government informed the Lok Sabha. Minister of Electronics and Information Technology Ashwini Vaishnaw said the EDF was establishedContinue Reading
New Delhi, Jul 29 (KNN) Public sector banks (PSBs) recorded a significant improvement in financial health during FY26, with record profits, stronger deposits and gross non-performing assets (GNPAs) declining to a multi-decade low, the Finance Ministry said. PSBs’ Gross NPAs Fall to Multi-Decade Low The gross NPA ratio of PSBsContinue Reading
