Category: Economy
UPI debuts in Qatar, boosts remittances for expats
DOHA: India’s Unified Payments Interface (UPI), officially expanded to Qatar on Monday, marking a significant step towards serving the large Indian expatriate community and travellers…
GST reforms to aid consumption, boost private capex: Assocham President Sanjay Nayar
The recent goods and services tax (GST) relief, on top of the income tax breather this year, may offer private firms what they want in…
Expect India-EU trade deal by year-end: Piyush Goyal
Doha: Amid the 14th round of trade negotiations between India and the European Union (EU) currently underway in Brussels, commerce and industry minister Piyush Goyal…
Pan-India survey to make MSMEs more competitive
New Delhi: The micro, small and medium enterprise (MSME) ministry is likely to roll out a pan-India survey to assess issues plaguing micro and small…
“AI carries dual narrative… if left unattended, it could pose unprecedented threats”, warns RBI Deputy Governor T Rabi Sankar
Artificial Intelligence (AI) is reshaping the financial sector with capabilities unimaginable just a few years ago but if left unattended, it could also pose unprecedented…
India, Brazil discuss visa, market access issues at Trade Monitoring Mechanism meet
New Delhi: India and Brazil Tuesday discussed issues related to bilateral trade and outlined a roadmap for taking it forward, the government said in a…
India to lower linen imports, future potential of milkweed, ramie, flax: Textiles minister
New Delhi: Textiles minister Giriraj Singh Tuesday said that India will reduce the imports of linen fibre but also start exporting it. At the World…
Indian exporter secures interim Bangladesh government’s first 50,000 ton rice import tender
A Raipur-based firm has secured the first international rice import tender of 50,000 tonnes floated directly by the interim Bangladesh government. Bagadiya Brothers Pvt Ltd…
RBI proposes changes to credit risk rules for lenders
The Reserve Bank of India on Tuesday proposed changes to the way banks assign risk weightage to loans and the so-called expected credit loss (ECL)…
Bharat Connect gets linked with FX-Retail platform; enables customers to buy USD
The Reserve Bank on Tuesday said bill payment system Bharat Connect has been linked with foreign exchange retail platform, enabling individual customers to buy US…