Finance Minister, Nirmala Sitharaman praised India’s fintech sector for enhancing digital public infrastructure and enabling inclusive financial services for merchants and MSMEs. During a visit to Pine Labs in Noida, she reviewed fintech innovations and interacted with beneficiaries of digital initiatives. She highlighted how DPI, including direct benefit transfers has transformed service delivery and empowered […]
India, in fact, was a major exporter to West Asia, where two large empires – the Safavid and the Ottoman – provided a lucrative marketing area. The entrepreneurship that India requires must have two key characteristics. First, it must be willing to be innovative in the sense that it takes on new products and processes […]
Contributed by Shalinee Mimani, CRO of Godrej Capital While credit risk has been systematically identified, analysed, and managed throughout history, the focus on predicting customer behaviour, particularly that of NBFC customers, has emerged only in recent years. Modern techniques now utilise advanced technologies and extensive datasets. Artificial intelligence (AI) and Machine Learning algorithms analyse both […]
Among other things, the policy lays down that new residential buildings must provide EV charging facilities and also offers incentives such as toll waiver for these eco-friendly vehicles. The new Electric Vehicle (EV) policy of the Maharashtra Government seeks to achieve 30% EV penetration in the State by 2030, officials said on Saturday. The Transport […]
The number of micro, small and medium enterprises (MSMEs) with Goods and Services Tax (GST) registration is set to rise after the Central Board of Indirect Taxes and Customs (CBIC) asked its officials to relax scrutiny for such businesses, according to two people aware of the development. MSMEs contribute around 30% of India’s GDP. CBIC’s move […]
The report submitted to the 16th Finance Commission revealed that 18 districts have a growth rate less than 0.8x of the GSDP expansion rate and per capita income below average state income. Only seven out of 36 districts in Maharashtra contribute 54% of the gross State domestic product (GSDP), which stood at Rs 45 lakh […]
China’s Government subsidies, aimed at boosting domestic consumption, have spurred a surge in digital product sales, generating approximately $20 billion in just four months. Over 48 million consumers participated, purchasing 51.48 million products. This initiative has led to a significant increase in retail sales of communication appliances and a shift towards higher-end smartphones. The Chinese […]
The gross FDI — the money ploughed into India by overseas companies — rose by 13.7% to $81 billion in 2024-25 from $71.3 billion the previous year. The net foreign direct investment into India sunk 96% to $0.4 billion in financial year 2024-25 amid increased repatriation by foreign companies and outward investment by Indian firms, […]
India and UK agreed on a free trade pact that gives British firms access to Federal Government contracts in select sectors – covering goods, services and construction – on a reciprocal basis. India is opening up a chunk of its protected Government procurement market to foreign firms, including the U.S, two Government sources said, in […]
Is the Reserve Bank of India supposed to make profits? RBI’s main job is not to make profits but to keep the economy stable. Its goal is to make sure that prices of everyday items don’t rise too fast and that borrowing rates and exchange rates stay steady without wild swings, while still reflecting demand […]
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