PSBs to focus on accelerating pace of lending to agriculture & MSMEs

“Shri M. Nagaraju, Secretary of Department of Financial Services, Leads Review Meeting with Public Sector Banks”On November 5, 2024, Shri M. Nagaraju, Secretary of the Department of Financial Services (DFS), chaired a review meeting with the Managing Directors and CEOs of Public Sector Banks (PSBs) to assess their performance across critical areas, including financial stability, […]

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Agricultural exports flat in first half:

Trades sources said that India’s dominance in global rice trade is expected to be restored with a spike in shipment especially to Africa and south-east Asian countries. India’s exports of agricultural and processed food products declined marginally (1%) to $ 12.13 billion in the first half of FY25, owing to sharp fall of 17% in […]

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THE COUNTDOWN BEGINS: 2ND EDITION OF PACK.NXT 2024 ANNOUNCED!

Mumbai, India – Get ready to dive deep into the future of packaging at PACK.Nxt! Join us for our 2nd edition, where we’ll bring together 400+ delegates and 60+ industry leaders to explore the latest trends in Packaging. The upcoming summit will take place on December 17th, 2024 at The Lalit, Mumbai. PACK.Nxt 2024 centres […]

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Mr. Goyal launches district master plan under PM Gati Shakti for infra planning

Mr. Goyal said that the district master plan will be expanded to cover more than 750 districts across the country in the next 18 months. Commerce and Industry Minister, Mr. Piyush Goyal on Tuesday launched a district master plan under the PM Gati Shakti initiative for infrastructure planning in 27 aspirational districts of the country. […]

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China emerges as India’s top import source during April-September 2024: Commerce ministry data

China is now India’s top import source with USD 56.29 billion in shipments from April to September this fiscal. The US is the leading export destination, with goods worth USD 40.38 billion. Imports from Russia, the UAE, and other countries also increased. The US remains India’s largest trading partner, followed by China. China has emerged […]

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Income Tax Department can send income tax notice on these 5 high value cash transactions

Income Tax Notice: You will find many such people who prefer to transact in cash even in the age of Digital India. Small transactions are fine, but the problem arises when big cash transactions start happening. At the slightest inkling, the Income Tax Department becomes alert and such people come under the radar of the Income […]

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As Gujarat announces new textile policy today, here’s a look at why Maharashtra’s Navapur is being preferred by Surat factory owners

Sources said that presently, as many as 130 textile factories owned by Surat textile players are situated on Navapur, MIDC (Maharashtra Industrial Development Corporation) premises. With the Gujarat Government set to announce the new textile policy, industry players in the city are hoping that their demand for capital and power subsidy will be met to […]

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Dr. Mansukh Mandaviya Chairs High-level Meeting on Employment Data

Ministry Working on Mechanism for Collation of Employment Data and its Analytics.  Union Minister of Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya chaired a high-level meeting focusing on the key issues related to employment data and overseas emigration trends in New Delhi on 07.10.2024. Union Minister of State for Labour and […]

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Registration certificate not mandatory for exporters seeking benefits: DGFT

“Exporters can claim benefits under these schemes without obtaining an RCMC,” the DGFT has said in a trade notice. The commerce ministry’s arm DGFT has clarified that registration-cum-membership certificate is not mandatory for exporters to seek benefits under schemes like duty drawback and remission of state levies. According to the Foreign Trade Policy, a Registration-cum-Membership […]

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