New Delhi, Jul 23 (KNN) Rating agency ICRA on Wednesday projected India’s economy to have expanded by 6.4-6.6 percent in the April-June quarter of FY27, supported by strong economic activity despite elevated energy prices and supply constraints affecting margins in some sectors. The forecast follows a stronger-than-expected 7.8 percent growthContinue Reading
New Delhi, Jul 23 (KNN) Banks have sanctioned more than Rs 60,000 crore under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 during the April-June quarter of FY27, with public and private sector lenders extending credit to businesses affected by disruptions arising from the West Asia conflict. Launched in MayContinue Reading
New Delhi, Jul 22 (KNN) The Central Board of Indirect Taxes and Customs (CBIC) has constituted a high-level working group to examine the feasibility of centralised administration for GST taxpayers holding multiple registrations under a single Permanent Account Number (PAN). The move is aimed at improving ease of doing businessContinue Reading
New Delhi, Jul 22 (KNN) The Government has reported the latest coverage figures under key financial inclusion schemes, including the Pradhan Mantri Jan Dhan Yojana (PMJDY), insurance schemes, Atal Pension Yojana (APY), Pradhan Mantri Mudra Yojana (PMMY) and Stand-Up India. The information was provided by Minister of State for FinanceContinue Reading
New Delhi, Jul 22 (KNN) The Ministry of Corporate Affairs (MCA) has proposed the creation of an Integrated Platform for Insolvency Ecosystem (iPIE), aimed at streamlining processes under the Insolvency and Bankruptcy Code (IBC) through a single digital interface. The ministry has invited comments from insolvency professionals, creditors, industry bodiesContinue Reading
New Delhi, Jul 22 (KNN) The Reserve Bank of India (RBI) on Tuesday released draft ‘Foreign Exchange Management (Foreign Investment) Rules, 2026’, proposing a simplified and principle-based framework to govern foreign direct investment (FDI) in India. The central bank has invited comments from stakeholders by August 31. The draft rulesContinue Reading
New Delhi, Jul 22 (KNN) The government has said the value of the Indian rupee is determined by market forces and that the country’s macroeconomic fundamentals remain strong despite global uncertainties. Replying to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said the rupee’s movementContinue Reading
