New Delhi, Mar 28 (KNN) India’s foreign exchange reserves declined sharply by USD 11.41 billion to USD 698.34 billion in the week ended March 20, according to data released by the Reserve Bank of India. The latest drop follows a decline of USD 7.05 billion in the previous week, whenContinue Reading
New Delhi, Mar 28 (KNN) India’s benchmark 10-year government bond yield rose sharply by 6 basis points to 6.93 percent on Friday, up from 6.87 percent in the previous session, reflecting rising concerns over inflation and potential monetary policy tightening by the Reserve Bank of India. The increase comes amidContinue Reading
New Delhi, Mar 28 (KNN) The Andhra Pradesh government is focusing on expanding the reach of Micro, Small and Medium Enterprises (MSME) schemes to the grassroots level to promote inclusive entrepreneurship and local economic development, Kondapalli Srinivas, Minister for MSME, SERP, and NRI Empowerment and Relations said. The minister highlightedContinue Reading
New Delhi, Mar 27 (KNN) The industrial cluster of Ludhiana, often referred to as India’s ‘Manchester’, is facing structural constraints in transitioning towards a greener industrial model, with institutional and financial barriers limiting compliance with evolving environmental norms, according to think tank Ideas For India. Historically built on lowContinue Reading
New Delhi, Mar 27 (KNN) The Central Board of Indirect Taxes and Customs (CBIC) has enabled businesses to pay customs duty using UPI, debit cards, and credit cards on the ICEGATE portal, expanding digital payment options for importers and exporters. In a circular, the CBIC said the ICEGATE e-payment platformContinue Reading
New Delhi, Mar 27 (KNN) The Department-Related Parliamentary Standing Committee on Industry has recommended the creation of a separate ‘nano enterprise’ category to better support India’s smallest businesses, while flagging structural and fiscal concerns in the MSME ecosystem. The panel, chaired by Tiruchi Siva, presented its 333rd report on theContinue Reading
New Delhi, Mar 27 (KNN) The Organisation for Economic Cooperation and Development (OECD) has projected India’s GDP growth at 7.6 per cent for FY2025–26, moderating to 6.1 per cent in FY2026–27, according to its latest interim Economic Outlook report. The report noted that easing US tariffs could support India’s growthContinue Reading
