New Delhi, Jul 2 (KNN) The Reserve Bank of India’s (RBI) concessional forex swap facility will reduce funding costs for government-owned financial institutions and is likely to prompt an increase in their external borrowings, S&P Global Ratings said in a report on Thursday. The RBI announced the facility last monthContinue Reading
New Delhi, Jul 2 (KNN) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India is unlikely to raise its official inflation target and may even consider lowering it over the long term as the economy continues to maintain relatively low inflation. RBI Sees No Need to RaiseContinue Reading
New Delhi, Jul 2 (KNN) The Madhya Pradesh government is planning to develop 81 new industrial areas across the state to create a larger land bank for micro, small and medium enterprises (MSMEs), with the aim of expanding industrial activity and generating local employment. State Plans Industrial Areas Across Districts Continue Reading
New Delhi, Jul 1 (KNN) Union Minister for MSME Jitan Ram Manjhi reviewed the implementation of key MSME schemes in Ladakh during a two-day visit to Leh, becoming the first Union MSME Minister to visit the Union Territory. The review focused on the progress of flagship programmes, challenges in implementationContinue Reading
New Delhi, Jul 1 (KNN) India’s banking sector remains resilient with strong capital buffers, healthy asset quality, robust profitability and adequate liquidity, according to the Reserve Bank of India’s (RBI) latest Financial Stability Report. The report also noted that rising funding costs and intensifying competition for deposits are emerging asContinue Reading
New Delhi, Jul 1 (KNN) Union Home Minister Amit Shah on Tuesday launched the FCRA 2.0 Portal and the electronic Overseas Citizen of India (e-OCI) Card, introducing digital reforms aimed at simplifying regulatory compliance, improving public services and strengthening monitoring mechanisms. Speaking at the launch in New Delhi, Shah saidContinue Reading
New Delhi, Jul 1 (KNN) An anti-dumping investigation into Cold Rolled Grain Oriented (CRGO) steel, a specialised input material critical to transformer manufacturing, has drawn sharp opposition from micro, small and medium enterprise (MSME) transformer makers and raised concerns about the long-term impact on electricity tariffs for consumers. The CommerceContinue Reading
