New Delhi, May 23 (KNN) India’s domestic demand continues to remain the primary engine of economic growth, but the near-term outlook has become ‘somewhat clouded’ due to supply-side pressures arising from the ongoing West Asia crisis, according to the latest State of the Economy report released by the Reserve BankContinue Reading
New Delhi, May 23 (KNN) Encouraged by digital-footprint-based lending by public sector banks (PSBs) surpassing Rs 1 lakh crore in 2025-26, the government is urging lenders to increase loan ticket sizes under the model to further accelerate credit flow to micro, small and medium enterprises (MSMEs) in FY27. The digitalContinue Reading
New Delhi, May 22 (KNN) Employment in India’s informal sector rose nearly 15 percent year-on-year to cross the 15-crore mark for the first time during the January-March quarter of 2026, according to the latest quarterly survey of unincorporated sector enterprises released by the National Statistical Office (NSO). The surveyContinue Reading
New Delhi, May 22 (KNN) India is set to introduce its first-ever Index of Services Production (ISP) around July, marking a significant step towards measuring short-term activity in the country’s services sector, which contributes more than half of the national economy and generates millions of jobs. The new index willContinue Reading
Chandigarh, May 22 (KNN) Steel manufacturers and MSMEs in Punjab have urged the government to restore institutional procurement and distribution mechanisms for raw materials, seeking the resumption of steel supply through depots of the Punjab Small Industries and Export Corporation (PSIEC). Industry bodies said the earlier system enabled smallContinue Reading
Mumbai, May 22 (KNN) The National Institute of Securities Markets (NISM) and the Indian Institute of Corporate Affairs (IICA) have signed a Memorandum of Understanding (MoU) to promote collaboration in corporate governance, environmental, social and governance (ESG) practices, and capital markets development in India. The agreement aims to strengthenContinue Reading
New Delhi, May 21 (KNN) Stakeholders from the fintech, legal and digital payments sectors have raised concerns that proposed changes to the Reserve Bank of India’s draft framework on Prepaid Payment Instruments (PPIs) could adversely affect more than 110 million Indians who use prepaid wallets for daily transactions. The concernsContinue Reading
