New Delhi, May 6 (KNN) The Global Trade Research Initiative (GTRI) has urged the government to withdraw Quality Control Orders (QCOs) on fasteners, warning that the regulations are increasing costs, reducing supply, and disrupting manufacturing operations without delivering clear quality benefits. According to GTRI, the current framework imposes a rigidContinue Reading
New Delhi, May 5 (KNN) The Reserve Bank of India has cautioned the public against misleading campaigns that falsely promise loan waivers, stating that such activities could lead to financial losses and disrupt the country’s credit system. In a statement, the central bank referred to its earlier advisory issued onContinue Reading
New Delhi, May 5 (KNN) India’s non-food credit grew 15.9 per cent year-on-year (YoY) in FY2025–26, indicating strong lending momentum. According to data released by the Finance Ministry on Tuesday, total outstanding bank credit stood at Rs 212.9 lakh crore as of March 2026, an increase of Rs 29.2 lakhContinue Reading
New Delhi, May 5 (KNN) The Union Cabinet is likely to consider a Rs 2.5 lakh crore Credit Line Guarantee Scheme (CLGS) aimed at supporting micro, small and medium enterprises (MSMEs) and providing targeted relief to the aviation sector. The scheme is set to provide support to businesses hit byContinue Reading
New Delhi, May 4 (KNN) The Department of Financial Services (DFS) under Ministry of Finance held a colloquium of chiefs of Debts Recovery Appellate Tribunals (DRATs) and presiding officers of Debts Recovery Tribunals (DRTs) at Vigyan Bhavan to review measures aimed at strengthening the debt recovery framework and reducing caseContinue Reading
New Delhi, May 5 (KNN) India has emerged as one of the most resilient large emerging market economies since 2020, supported by strong foreign exchange reserves and stable macroeconomic policies, according to Moody’s Ratings. In a report on emerging markets released on Tuesday, the agency noted that India’s sizeable forexContinue Reading
New Delhi, May 4 (KNN) The Asian Development Bank (ADB) over the weekend launched a new financing facility aimed at strengthening critical minerals supply chains across Asia and the Pacific. The initiative is designed to support sectors such as clean energy, batteries, electric vehicles, and digital technologies. Speaking at theContinue Reading
