A recent study by Paisabazaar reveals that over 70% of MSMEs and self-employed individuals seek loans for immediate financial needs, primarily for working capital, raw materials, and debt consolidation. Less than 30% apply for loans aimed at growth initiatives such as marketing, machinery upgrades, or office expansion. Metro cities like Delhi NCR and Mumbai lead […]
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Overview The United Arab Emirates has introduced a simplified visa-on-arrival policy for Indian tourists. This initiative aims to boost tourism and improve accessibility for Indian nationals, ensuring a streamlined travel experience. Key Features and Eligibility Indian passport holders can now avail of a 60-day visa on arrival with multiple entries, eliminating the need for prior […]
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Switzerland has suspended the Most Favoured Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India. This move is expected to impact Swiss investments in India and increase tax burdens on Indian companies operating in Switzerland. The Swiss finance department, in its December 11 statement, cited a 2023 Indian Supreme Court ruling as […]
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The Reserve Bank of India (RBI) has issued new rules regarding CIBIL scores. Under the new rules, banks must inform customers of their CIBIL score and the reasons for any loan rejection. Additionally, banks must provide customers with free online access to their credit score once a year. Key Points: Banks must inform customers of […]
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Indian travelers may soon enjoy visa-free access to Russia, with this arrangement potentially launching by spring 2025. Discussions between Russia and India in June focused on a bilateral agreement for visa-free group tourist exchanges. Currently, Russia offers similar programs to citizens of China and Iran, which have proven successful since their launch in August 2023. […]
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RBI Updates Rules for Personal Loans In today’s inflation-driven economy, personal loans have become a common way to meet financial needs. While they are easily accessible, even a single missed or delayed installment can lead to serious consequences. Impact on Credit Score Personal loans are approved based on credit scores. Missing an installment can harm […]
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Union Minister for Commerce and Industry Piyush Goyal, at the India Economic Conclave organized by Times Network, shared a bold vision for India’s economic growth, driven by surging exports and rising global investment. Goyal announced that Indian exports are set to surpass $800 billion this year, with a projection to cross $1 trillion in the […]
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Out of 1.52 lakh startups recognized under the Startup India initiative by the Department for Promotion of Industry and Internal Trade (DPIIT), 5,063 startups—around 3.3% of the total—have been shut down, according to data shared by the Ministry of Corporate Affairs as of December 5, 2024. This information was disclosed by Jitin Prasada, Minister of […]
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The Electronic Industries Association of India (Elcina) has requested a ₹72,500 crore ($8.57 billion) support package to boost domestic production of non-semiconductor electronic components and reduce import reliance. Elcina estimates that India’s demand-supply gap for electronic inputs could balloon to $248 billion (₹21 lakh crore) by 2030 to meet projected electronics production worth $500 billion. […]
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