Capital restructuring norms for CPSEs updated to add value
Posted in Economy

Capital restructuring norms for CPSEs updated to add value

The finance ministry on Monday tweaked norms for capital restructuring by central public sector enterprises (CPSEs) and introduced flexibilities for them to better add to…

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Non-financial CPSE dividend target may be retained in FY25 revised estimate
Posted in Economy

Non-financial CPSE dividend target may be retained in FY25 revised estimate

New Delhi: The Centre is likely to maintain its budgeted target for dividends from non-financial central public sector enterprises (CPSEs) and entities in which it…

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Posted in Economy

Urban jobless rate at 6-year low of 6.4% in Q2

The urban unemployment rate declined to 6.4%, the lowest in about six years, in the second quarter of the current financial year, official data released…

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Economy likely to grow 6.7% in FY25 due to weaker Q2 performance: Report
Posted in Economy

Economy likely to grow 6.7% in FY25 due to weaker Q2 performance: Report

New Delhi: The Indian economy is expected to grow by 6.7% in 2024-25 due to weaker performance in the second quarter, according to a report…

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Make in India: Public procurement norms may be tweaked to aid makers under PLI
Posted in Economy

Make in India: Public procurement norms may be tweaked to aid makers under PLI

New Delhi: The government is examining tweaking its public procurement norms to aid manufacturers under the production-linked incentive (PLI) schemes. The government is assessing the…

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Reserve Bank of India (RBI) Governor Shaktikanta Das. (File image)(REUTERS)
Posted in Business

RBI governor Shaktikanta Das’s term likely to be extended further: Report

The central government is likely to extend the term of RBI governor Shaktikanta Das, news agency Reuters reported, quoting sources aware of the development. If…

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FM Nirmala Sitharaman flags mis-selling of insurance, calls for collateral free loans to MSMEs
Posted in Economy

FM Nirmala Sitharaman flags mis-selling of insurance, calls for collateral free loans to MSMEs

Mumbai: Finance minister Nirmala Sitharaman on Monday expressed concerns over the mis-selling of products, particularly insurance, stating that it adds to the customers’ borrowing costs….

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Finance Commission open to view alternate index for devolution to states: Chairman Arvind Panagariya
Posted in Economy

Finance Commission open to view alternate index for devolution to states: Chairman Arvind Panagariya

The Finance Commission is open to considering alternate index for devolution of funds to states with regard to natural calamities and state-specific issues, Chairman of…

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Financial services Secretary Nagaraju M sceptical about crypto, backs RBI's cautionary stance
Posted in Economy

Financial services Secretary Nagaraju M sceptical about crypto, backs RBI’s cautionary stance

Mumbai: Department of Financial Services (DFS) Secretary Nagaraju M on Monday said he is “sceptical” about cryptocurrencies like Bitcoin and stressed on the need to…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

zepto cafe: Zepto ramping up café business; eyes Rs 1,000 ARR in next financial year

Quick commerce platform Zepto is scaling up its cafe business — which sells coffee, croissants and other items — across the country aiming to hit…

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