New Delhi, Mar 12 (KNN) NITI Aayog has urged state governments to adhere to fiscal deficit limits under the Fiscal Responsibility and Budget Management Act (FRBM Act) through disciplined expenditure management, expansion of the GST base and stronger tax mobilisation. The recommendation is part of the Fiscal Health IndexContinue Reading
New Delhi, Mar 12 (KNN) Highlighting the impact of Trump tariff on the country’s micro, small and medium enterprises (MSMEs), a parliamentary committee has recommended to develop an early-warning and real-time monitoring system to track global trade policy developments impacting MSMEs. The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha)Continue Reading
New Delhi, Mar 12 (KNN) The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Voltas Limited, a Tata Group enterprise, to promote industry–start-up collaboration in the cooling and smart appliance ecosystem. DPIIT Joint Secretary Sanjiv said, “The collaboration is in lineContinue Reading
New Delhi, Mar 11 (KNN) The Union Cabinet, chaired by Prime Minister Narendra Modi, has relaxed foreign direct investment (FDI) rules for companies from China and other countries which share land borders with India. An official statement said that the change in FDI rules is aimed at unlocking greater FDIContinue Reading
New Delhi, Mar 11 (KNN) The government has recognised 2,12,283 startups in India as of January 31, 2026, Minister of State for Commerce and Industry Jitin Prasada informed the Rajya Sabha. According to the Department for Promotion of Industry and Internal Trade (DPIIT), 6,789 recognised startups have been categorised asContinue Reading
New Delhi, Mar 11 (KNN) The government has renamed Personal Income Tax as Non-Corporate Tax (NCT) from FY 2025–26, as the category includes taxes collected from entities other than companies, Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha. According to estimates by the Income Tax Department, Non-CorporateContinue Reading
New Delhi, Mar 10 (KNN) Union Minister of State for Commerce and Industry and Electronics and IT Jitin Prasada said that Free Trade Agreements (FTAs) are opening new opportunities for India’s micro, small and medium enterprises (MSMEs) by providing access to major developed markets. Speaking at the Federation of IndianContinue Reading
