New Delhi, May 15 (KNN) Micro, Small and Medium Enterprises (MSMEs) continue to play a critical role in India’s economy, contributing around 31.1 percent to the country’s GDP, accounting for 48.58 percent of total exports and generating nearly 35.4 percent of manufacturing output. Sector Supports Employment And Regional Growth Continue Reading
New Delhi, May 14 (KNN) The Indian rupee slipped to a fresh record low on Thursday, weighed down by elevated crude oil prices and continued foreign portfolio outflows amid growing concerns over India’s external balances as the West Asia conflict continues. The rupee weakened 0.1 percent to 95.8525 against theContinue Reading
Jaipur, May 14 (KNN) Fintech firm FlexiLoans.com is stepping up its expansion in Jaipur, identifying the city as a key growth market as demand for formal credit rises among small businesses in Tier-II regions. The MSME-focused digital lending NBFC said it has disbursed more than Rs 150 crore to businessesContinue Reading
New Delhi, May 14 (KNN) The Government of India has announced an auction-based switch of government securities worth Rs 30,000 crore in face value as part of its debt management strategy. Rs 30,000 Crore Securities Switch Auction Announced According to the notification, market participants will be required to submit bidsContinue Reading
New Delhi, May 13 (KNN) India’s economy remains resilient despite rising global financial uncertainties, with concerns over foreign capital outflows appearing overstated, according to S&P Global Ratings. The assessment comes amid heightened volatility triggered by an oil price surge linked to the Iran conflict and record foreign fund outflows thatContinue Reading
New Delhi, May 13 (KNN) India’s monetary policy can accommodate temporary supply-side shocks but may require intervention if inflationary pressures persist following the Iran war-driven surge in global oil prices, Reserve Bank of India (RBI) Governor Sanjay Malhotra said. Speaking at a conference in Switzerland on Tuesday, Malhotra indicated thatContinue Reading
New Delhi, May 13 (KNN) A structural flaw in the Goods and Services Tax (GST) framework is locking up nearly Rs 30 lakh crore in working capital and pushing millions of small businesses into a deepening liquidity crisis, according to public policy think tank Empower India. The organisation said theContinue Reading
