New Delhi, May 13 (KNN) India’s monetary policy can accommodate temporary supply-side shocks but may require intervention if inflationary pressures persist following the Iran war-driven surge in global oil prices, Reserve Bank of India (RBI) Governor Sanjay Malhotra said. Speaking at a conference in Switzerland on Tuesday, Malhotra indicated thatContinue Reading
New Delhi, May 13 (KNN) A structural flaw in the Goods and Services Tax (GST) framework is locking up nearly Rs 30 lakh crore in working capital and pushing millions of small businesses into a deepening liquidity crisis, according to public policy think tank Empower India. The organisation said theContinue Reading
New Delhi, May 13 (KNN) India is entering a crucial phase in its economic transformation, with artificial intelligence (AI) expected to move from experimentation to a core driver of growth, according to a joint study by IBM Institute for Business Value and IndiaAI. The report, titled ‘From Promise to Power:Continue Reading
New Delhi, May 13 (KNN) The government has launched the ‘Bharat Maritime Insurance Pool’ (BMIP) with a coverage capacity of USD 1.5 billion to ensure uninterrupted maritime insurance coverage amid ongoing geopolitical tensions in the Middle East. The insurance pool launched by Department of Financial Services (DFS) under Finance MinisteyContinue Reading
Amaravati, May 13 (KNN) Micro, small and medium enterprise (MSME) contractors engaged in rural drinking water pipeline projects under the Jal Jeevan Mission (JJM) have intensified protests against the Government of Andhra Pradesh, alleging discrimination in the release of long-pending payments worth crores of rupees. Over 750 MSME contractors claimedContinue Reading
New Delhi, May 12 (KNN) Chief Economic Advisor (CEA) V Anantha Nageswaran on Tuesday urged large companies to ensure timely payments to micro and small enterprises (MSEs) to ease their working capital constraints and reduce borrowing costs. Speaking at the CII Annual Business Summit, he said bigger firms should promptlyContinue Reading
New Delhi, May 12 (KNN) India’s economic growth is expected to slow to 6.7 percent in FY27, down from an estimated 7.7 percent in FY26, as weakening domestic momentum and rising crude oil prices linked to the Iran conflict weigh on the economy, according to BMI. Higher Oil Prices ThreatenContinue Reading
