New Delhi, Jul 22 (KNN) The Insolvency and Bankruptcy Code (IBC) has facilitated the resolution of 1,419 Corporate Insolvency Resolution Processes (CIRPs) since its inception, resulting in recoveries of Rs 4.32 lakh crore for creditors as of March 31, 2026, the government informed the Rajya Sabha. Replying to a question,Continue Reading
New Delhi, Jul 22 (KNN) A Parliamentary Committee has recommended periodic reviews of the Competition Commission of India (CCI) regulatory framework, greater transparency in penalty calculations and stronger safeguards for micro, small and medium enterprises (MSMEs) and startups. The recommendations are part of the committee’s 257th Report on Subordinate Legislation,Continue Reading
New Delhi, Jul 22 (KNN) Gross non-performing assets (NPAs) of scheduled commercial banks declined to 1.73 percent as of March 2026, down from 2.75 percent at the end of March 2024, following a series of measures undertaken by the government and the Reserve Bank of India (RBI), the government informedContinue Reading
New Delhi, Jul 21 (KNN) The Government and the Reserve Bank of India (RBI) have introduced various regulatory, supervisory and consumer protection measures to strengthen the fintech ecosystem, including digital lending platforms and payment aggregators. The information was provided by Minister of State for Finance Pankaj Chaudhary in a writtenContinue Reading
Mumbai, Jul 21 (KNN) Reserve Bank of India (RBI) Deputy Governor Swaminathan J has called on regulated entities to strengthen their Internal Ombudsman mechanisms to ensure customer grievances are resolved fairly, independently and within institutions. Addressing the Internal Ombudsman Conference organised by the RBI in Mumbai, he said a significantContinue Reading
New Delhi, Jul 20 (KNN) The Centre may seek Parliament’s approval for additional expenditure as rising subsidy commitments and new policy initiatives put pressure on government finances. Finance Minister Nirmala Sitharaman is expected to balance the need for higher spending with the government’s commitment to fiscal discipline, TOI reported. RisingContinue Reading
New Delhi, Jul 20 (KNN) Minister of State for MSMEs Shobha Karandlaje informed Parliament on Monday that registrations on the Udyam portal have steadily increased since its launch in July 2020, reflecting growing formalisation in the micro, small and medium enterprise (MSME) sector. As of June 30, 2026, over 8.84Continue Reading
