New Delhi, May 21 (KNN) Successful conclusion of the India-European Union Free Trade Agreement (FTA) marks a major milestone in economic diplomacy but the real challenge now lies in implementation, said Darpan Jain, Additional Secretary, Department of Commerce and Industry. “We have climbed the mountain of negotiations. The bigger climbContinue Reading
New Delhi, May 21 (KNN) Markets regulator the Securities and Exchange Board of India (SEBI) has proposed allowing third-party payments in mutual funds under select, well-defined circumstances, marking a significant shift from the current framework that mandates all investments to originate exclusively from an investor’s own bank account. The regulatorContinue Reading
New Delhi, May 21 (KNN) Government think tank Niti Aayog in a working paper has proposed a comprehensive framework aimed at strengthening India’s position as a global workforce hub through structured, safe and demand-driven migration systems. The working paper titled ‘States Framework on International Mobility’, identifies ‘circular mobility’ as theContinue Reading
New Delhi, May 20 (KNN) Export-Import Bank of India (India Exim Bank) has extended a USD 100 million credit facility to Africa Finance Corporation (AFC) to support India’s project exports across Africa under the Government of India’s ‘Focus Africa’ initiative. The announcement comes as India continues to strengthen its economicContinue Reading
New Delhi, May 20 (KNN) Reserve Bank of India (RBI) on Tuesday released draft norms on commercial banks’ capital adequacy disclosures under the Basel Pillar 3 framework, aimed at improving transparency, reducing information asymmetry, and enhancing comparability of banks’ risk profiles. The central bank said the revised framework seeks toContinue Reading
New Delhi, May 20 (KNN) India’s Index of Eight Core Industries (ICI) grew at a provisional rate of 1.7 per cent year-on-year (YoY) in April 2026, according to data released by the Commerce & Industry Ministry on Wednesday.. While cement, steel, and electricity provided positive momentum, significant contractions in coal,Continue Reading
New Delhi, May 20 (KNN) The Reserve Bank of India (RBI) has issued final directions dispensing with the mandatory Investment Fluctuation Reserve (IFR) requirement for banks that already maintain a capital charge for market risk and adhere to the revised norms governing classification, valuation, and operation of investment portfolios. WhatContinue Reading
