New Delhi, Mar 25 (KNN) The twin balance sheet problem no longer persists in the Indian economy, Minister of State (MoS) for Finance Pankaj Chaudhary informed in the Lok Sabha. Twin balance sheet problem refers to a situation when banks are over-stressed and corporates are overleveraged to the extent theyContinue Reading
New Delhi, Mar 24 (KNN) Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday introduced amendments to the Companies Act aimed at decriminalising procedural defaults, improving ease of doing business, and strengthening regulatory oversight. The proposed legislation, which has been referred to a Joint Parliamentary Committee for further examination,Continue Reading
New Delhi, Mar 24 (KNN) The Ministry of Micro, Small and Medium Enterprises (MSMEs) is strengthening micro and small enterprises (MSEs) across India through cluster-based development programmes, Minister of State (MoS) for MSME Shobha Karandlaje said in written reply to a question in the Rajya Sabha. Cluster Development Programmes TheContinue Reading
New Delhi, Mar 24 (KNN) The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Blue Star Limited to support startups, innovators, and entrepreneurs across the country. The collaboration aims to promote the growth of product startups working in areas such asContinue Reading
New Delhi, Mar 24 (KNN) Highlighting measures taken to strengthen co-operative banks in the country, Minister of State (MoS) for Finance Pankaj Chaudhary has said that amendments to the banking laws have enhanced oversight, transparency and accountability. Among the steps taken by the government, the Minister said, are amendments inContinue Reading
New Delhi, Mar 24 (KNN) The Government is closely monitoring the evolving geopolitical situation in West Asia and the Gulf region and its impact on India’s external trade, logistics, and shipping operations, Minister of State for Commerce and Industry Jitin Prasada informed the Lok Sabha. Disruptions Impact Trade, Logistics AndContinue Reading
New Delhi, Mar 23 (KNN) Minister of State for MSMEs Shobha Karandlaje told the Rajya Sabha today that several initiatives have been implemented to support the sector, including credit support under the Emergency Credit Line Guarantee Scheme (ECLGS), credit guarantees for loans up to Rs 10 crore, and a RsContinue Reading
