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Friday, November 22, 2024

RBI

MSME Registration Now Open to Traders: Benefits and Impact

The Udyam Registration, commonly known as MSME registration, is now accessible for traders. According to the government, individuals involved in retail or wholesale trading can now register and enjoy the benefits available to other registered entities under the MSME scheme....

Non-Banking Financial Companies (NBFCs) Growing Importance in Economic Growth of India

NBFC the Non-Banking financial companies have grown considerably in the India financial system alongside with mainstream Banks and leading organizations. This has happened over time with efficiency and diversity in terms of products, services, asset quality and strong regulatory...

India & Singapore Ties up for Real Time Payment Link Enabling Smooth Transaction

To enable virtual transactions via mobile phones between India & Singapore the Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) today launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI). Indian customers of all participating Indian...

Government includes Retail and Wholesale Trade as MSMES

From 2nd July, 2021, the Government has included Retail and Wholesale Trades as MSMEs. The Government, vide notification no. S.O. 2119(E) dated 26.06.2020, had notified composite criteria of classification of MSMEs based on investment in plant and machinery or equipment and...

India emerges as 5th largest forex reserves holder in the world with $608.99 billion as on June 25, 2021

With India’s forex reserves at $608.99 billion as on June 25, 2021 stood, India has emerged as the fifth largest foreign exchange reserves holder in the world after China, Japan, Switzerland and Russia. The Minister stated that India’s foreign exchange...

Impressive Trade Performance of India in May 2021

The Commerce Secretary Dr Anup Wadhawan today said that India’s export performance continues to be impressive, with provisional data of merchandise exports in May 2021 showing a significant growth of 67.39 per cent over May 2020 level and 7.93 per cent over May...

INDIA’S FOREIGN TRADE: MARCH 2021

India’s overall exports (Merchandise and Services combined) in April-March2020-21* are estimated to be USD 493.19Billion, exhibiting a negative growth of (-)6.66per cent over the same period last year. Overall imports in April-March 2020-21* are estimated to be USD 505.94Billion,...

NITI Aayog, Agami & Omidyar Release ODR Handbook

Online Dispute Resolution’s Role Critical during Covid-19 Pandemic: Justice DY Chandrachud Online Dispute Resolution (ODR) has the potential to decentralize, diversify, democratize, and disentangle the justice delivery mechanism, Supreme Court Justice DY Chandrachud said today. He was addressing the release...

Financial support to Unorganised Sector

The Government had announced Rs 1.70 Lakh Crore ‘Pradhan Mantri Garib Kalyan Yojana’ relief package on 26.03.2020 to help the poor in the fight against Corona Virus. Government has also taken various measures under Pradhan Mantri Garib Kalyan Yojana...

Embargo lifted on grant of Government Business to Private Banks

The Government has lifted the embargo on private sector banks (only a few were permitted earlier) for the conduct of Government-related banking transactions such as taxes and other revenue payment facilities, pension payments, small savings schemes, etc. This step...
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Latest News

GeM Partnership with Sikkim: Boosting Digital Procurement Across India

The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
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