New Delhi, May 29 (KNN) Facing mounting pressure due to rising raw material prices, supply-chain disruptions and elevated energy costs amid the ongoing West Asia conflict, India’s downstream aluminium industry, particularly MSMEs, has demanded rationalisation of import tariffs on primary aluminium. Global aluminium markets remain under stress as the conflictContinue Reading
New Delhi, May 28 (KNN) The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the continuation of the ‘Scheme for Assistance in Ration Transport and Handling-Income with Automation in PDS’ (SARTHAK-PDS) as an umbrella scheme during the 16th Finance Commission award period with a centralContinue Reading
New Delhi, May 28 (KNN) The government is set to review credit flow and banking operations with heads of public sector banks, even as state-owned lenders posted their strongest financial performance in years. The Finance Ministry will convene a meeting of heads of all public sector banks (PSBs) on MayContinue Reading
New Delhi, May 28 (KNN) India should overhaul its approach to managing global economic shocks by prioritising targeted structural reforms over repeated reliance on fiscal subsidies, according to a white paper by Think Change Forum (TCF) on the ongoing West Asia crisis. The white paper titled ‘Economic Ringfence Amid theContinue Reading
Agartala, May 28 (KNN) Small Industries Development Bank of India (SIDBI) has inaugurated its Cluster Development Branch at Udaipur in Tripura as part of efforts to strengthen the MSME ecosystem, promote entrepreneurship and enhance financial inclusion in the region. The inauguration ceremony was attended by senior officials from theContinue Reading
New Delhi, May 28 (KNN) Indian corporates remain broadly resilient, supported by strong balance sheets and domestic demand, although 8 sectors face material credit risk, according to Crisil Ratings, which stress-tested 34 sectors. The agency assessed the impact of the ongoing West Asia conflict on credit quality across these sectorsContinue Reading
New Delhi, May 27 (KNN) The Department of Financial Services under the Ministry of Finance recently convened a meeting with major industry associations to discuss the implementation, operational guidelines and business opportunities under the newly launched Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. The meeting was attended by representativesContinue Reading
