It may be recalled India’s Ease of Doing Business ranking had improved from 143 in 63 in 2014 to 2020. INDIA IS THE world’s fifth largest manufacturing power house producing nearly $560 billion worth of goods per year but our share in global manufacturing output is below 39% And the share of manufacturing in India’s […]
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Banks are urging changes to insolvency regulations to prevent promoters from manipulating their companies’ size to qualify as MSMEs and retain control during bankruptcy proceedings. This move aims to address concerns about delinquent borrowers exploiting the system by downsizing assets and staff to benefit from special provisions for MSMEs. Banks will push for a change […]
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The hot-rolled coil prices dipped to their lowest in the last four years to ₹47,100 per ton this month. Indian steel makers have dropped steel prices to protect their market share against rising imports. The hot-rolled coil prices dipped to their lowest in the last four years to ₹47,100 per ton this month after falling 5% compared […]
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India marked 10 years of Prime Minister Narendra Modi’s ‘Make in India’ initiative, which has revitalized the industrial sector, attracted investments, and created jobs. Key reforms like GST and the Bankruptcy Code have improved ease of doing business. The initiative has also led to significant infrastructure development and increased global competitiveness. On September 25, the […]
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Axis Bank, the country’s third-largest private lender, was hit with a Rs 1.9 crores (US$229,000) penalty from the Reserve Bank of India (RBI) earlier in September for regulatory non-compliance. But that didn’t come as a surprise to the employees of the 31-year-old bank. The irregularities at Axis Bank involved employees opening savings accounts for ineligible […]
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Planning to study or work in Europe? The good news is, obtaining a Schengen Visa has become more accessible for Indian citizens! Discover the countries with the highest approval rates and MEV issuance. Start your European adventure today! With globalization on the rise, more Indian citizens are seeking work, study, and travel opportunities abroad. As […]
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The CWS measures the activity status of a person on the basis of a reference period of the last 7 days preceding the date of survey. India’s overall unemployment rate comprising both urban and rural areas came down to 4.9% in 2023-2024 (July-June), from 5.1% in 2022-23, the Government said on Monday, quoting the results […]
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A slowdown in business activity of both the manufacturing and services sector pulled down the expansion of India’s private sector economy in September, according to a survey by HSBC on Monday. According to the survey carried out by the global banker, the headline flash composite Purchasing Managers’ Index (PMI) figure declined to 59.3 in September, […]
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HSBC Flash India Composite PMI drops to 59.3 this month from 60.7 in August: India’s private sector business activity levels expanded at the mildest pace in nine months this September, with output, new orders and export deals clocking the softest upticks so far in 2024, as per the HSBC Flash India Composite PMI Output Index, […]
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Extended deadline replaces earlier 18-month compliance window. In a significant move, the Corporate Affairs Ministry (MCA) has granted relief for “producer companies”, extending the compliance window on mandatory dematerialisation of their existing shares. Producer companies, who were earlier required to complete dematerialisation of their shares by September 30, 2024, have now been given time till […]
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