Aizwal, Jul 4 (KNN) The Union government has assured Mizoram of support for establishing an MSME Technology Centre in the state to promote skill development, entrepreneurship and industrial growth. Centre Assures Support for MSME Technology Centre The assurance was given by Union Minister for Micro, Small and Medium Enterprises Jitan RamContinue Reading
New Delhi, Jul 4 (KNN) Finance Minister Nirmala Sitharaman on Friday described India’s middle class as the primary driver of economic growth, stating that nearly 500 cities are poised to emerge as new centres of economic activity. Speaking at the Rencontres Economiques d’Aix-en-Provence, Sitharaman noted that the middle class currentlyContinue Reading
New Delhi, Jul 4 (KNN) The FICCI–Mercedes-Benz Bharat Innovation and Business Ideas Challenge Programme, launched on Friday, aims to identify and support high-potential Indian startups building scalable solutions in manufacturing, sustainability, education, decarbonisation, and the automotive and electric vehicle sectors. Department for Promotion of Industry and Internal Trade (DPIIT) AdditionalContinue Reading
New Delhi, Jul 3 (KNN) The Employees’ Provident Fund (EPF) Scheme, 2026 introduces key changes for subscribers, particularly on partial withdrawals, effective June 29. The Centre has notified the new scheme, replacing the EPF Scheme, 1952, as part of implementing the Code on Social Security, 2020. Mandatory Contributions Capped atContinue Reading
New Delhi, Jul 3 (KNN) The Reserve Bank of India (RBI) has told a parliamentary standing committee that virtual digital assets (VDAs) such as cryptocurrencies pose a threat to an emerging economy like India and should not be legalised in the country at this stage, sources aware of the deliberationsContinue Reading
Mumbai, Jul 2 (KNN) Senior industry and financial sector leaders said greater adoption of factoring and the Reserve Bank of India (RBI)-regulated Trade Receivables Discounting System (TReDS) can significantly boost MSME liquidity and strengthen their integration into global value chains. The remarks were made at an event organised by theContinue Reading
New Delhi, Jul 2 (KNN) Assets under management (AUM) of affordable housing finance companies (A-HFCs) are expected to grow 19-20 percent in the current and next fiscal, broadly matching last year’s growth, supported by strong demand for affordable housing and MSME financing, according to a Crisil Ratings report. Home LoansContinue Reading
