New Delhi, Apr 1 (KNN) Crisil Ratings on Wednesday projected bank credit growth to moderate to around 13 per cent in FY27 from an estimated 14 per cent in FY26, amid ongoing tensions in West Asia. The rating agency indicated that asset quality has likely bottomed out, with gross non-performingContinue Reading
New Delhi, Apr 1 (KNN) The Central Board of Direct Taxes (CBDT) has signed a record 219 Advance Pricing Agreements (APAs) with Indian taxpayers in FY 2025-26, marking the highest number concluded in a single financial year since the programme’s inception. With this, the total number of APAs signedContinue Reading
New Delhi, Apr 1 (KNN) The Reserve Bank of India (RBI) has extended key trade relief measures for exporters in view of continued geopolitical uncertainties and logistical disruptions arising from the West Asia crisis. The central bank has now allowed an enhanced export credit period of up to 450 daysContinue Reading
New Delhi, Apr 1 (KNN) India’s slow and inefficient dispute resolution system is estimated to be costing the economy 1.5–2 percent of GDP annually, significantly impacting business confidence and investment flows, experts said. Speaking at the Mint India Investment Summit 2026, legal and industry experts highlighted that weak contract enforcementContinue Reading
New Delhi, Apr 1 (KNN) Credit profile of Indian corporates remained resilient in fiscal year 2025-26 despite tariff-related disruptions and external headwinds with ratings upgrades by ICRA far outpacing downgrades. In a report released on Wednesday, ICRA said that it upgraded the ratings of 388 entities in FY26, while thoseContinue Reading
New Delhi, Mar 31 (KNN) Union Finance Minister Nirmala Sitharaman said on Monday, in a written reply to a question in the Lok Sabha, that the depreciation of the Indian rupee against the US dollar is part of a broader global trend, even as domestic inflation has eased significantly inContinue Reading
New Delhi, Mar 31 (KNN) India’s economic growth could slow and inflation may rise if the ongoing conflict in West Asia continues into the next financial year, according to the EY Economy Watch report. The EY report estimates that real GDP growth could decline by about 1 percentage point, whileContinue Reading
