New Delhi, Jul 11 (KNN) India’s foreign exchange reserves increased by USD 7.26 billion to USD 674.19 billion in the week ended July 4, supported by higher foreign currency assets and gold reserves, according to data released by the Reserve Bank of India (RBI). Foreign Currency Assets Drive Reserve Growth Continue Reading
New Delhi, Jul 10 (KNN) Union Minister for Micro, Small and Medium Enterprises Jitan Ram Manjhi reviewed the implementation of the Ministry’s flagship MSME schemes in Puducherry during his visit on July 8-9 and urged banks to facilitate greater access to institutional credit for MSMEs. He also called on allContinue Reading
New Delhi, Jul 10 (KNN) The Quality Council of India (QCI) and the National Small Industries Corporation (NSIC) have signed a Memorandum of Understanding (MoU) to strengthen quality standards, competitiveness and market access for micro, small and medium enterprises (MSMEs). The collaboration will integrate key initiatives including the MSME SustainableContinue Reading
New Delhi, Jul 10 (KNN) The Asian Development Bank (ADB) has lowered India’s GDP growth forecast for FY27 to 6.6 percent from the 6.9 percent projected in April, citing higher oil and transportation costs that are expected to weigh on consumer spending and private demand. ADB Cuts India’s FY27 GrowthContinue Reading
New Delhi, Jul 10 (KNN) India’s Authorised Economic Operator (AEO) Programme, administered by the Central Board of Indirect Taxes and Customs (CBIC), has emerged as a key trade facilitation initiative that can strengthen both the country’s export ecosystem and domestic manufacturing, particularly for Micro, Small and Medium Enterprises (MSMEs). AEOContinue Reading
New Delhi, Jul 10 (KNN) The Federation of Indian Micro and Small & Medium Enterprises (FISME), in collaboration with the Economic Policy Centre (EPC) at Mahindra University and the Friends of MSMEs in Parliament, will organise a conference on ‘Global Shocks, Local Stakes: MSMEs at the Crossroads of Trade and Transition’.Continue Reading
New Delhi, Jul 10 (KNN) The Centre aims to build an ecosystem capable of supporting around 5,000 Global Capability Centres (GCCs) in India by 2030, with Finance Minister Nirmala Sitharaman describing the goal as “realistic and achievable”. Speaking at the Confederation of Indian Industry (CII) GCC Business Summit 2026, SitharamanContinue Reading
