Mumbai, April 9 (IANS) The Reserve Bank of India’s continued focus on boosting economic growth, along with its proposed regulatory changes for non-banking financial companies (NBFCs), is expected to bring greater strength and clarity to the sector, Rajesh Sharma, Managing Director of Capri Global Capital Limited said on Thursday.In an interaction with IANS, Sharma said that the RBI’s regulatory frameworks have historically brought transparency and stability, and the proposed changes for NBFC…
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New Delhi, 9 April (IANS) Apex business chamber FICCI on Thursday indicated that early signs of stress due to the West Asia conflict are visible across sectors, warranting proactive measures to mitigate immediate risks and build long-term resilience. In a report titled West Asia Conflict: Implications for India and Imperatives for Industry and Government, FICCI suggested a two-pronged strategy for industry, focused on financial resilience and operational continuity. Firms are encouraged to se…
New Delhi, April 7 (IANS) The Production-Linked Incentive (PLI) Scheme for the food processing industry has attracted investments of Rs 9,207 crore and generated around 3.29 lakh jobs so far, the government said on Tuesday.Launched by the Ministry of Food Processing Industries, the scheme is being implemented over six years from FY 2021-22 to FY 2026-27 with a total outlay of Rs 10,900 crore.It aims to increase value addition, expand processing capacity and generate employment, particularly in r…
Mumbai, March 28 (IANS) In a push for “Ease of Doing Business,” Maharashtra Chief Minister Devendra Fadnavis on Saturday announced significant reforms to the state’s industrial licensing process. Of the 33 previously required mandatory permissions, 20 have now been shifted to a self‑certification model. He assured that efforts are underway to reduce the remaining 13 permissions in the near future.The Chief Minister further stated that electricity rates in the state are set to d…
New Delhi, March 21 (IANS) The Indian Navy is set to commission its latest stealth frigate, INS Taragiri (F41), on April 3. It will serve as a powerful testament to the nation’s journey toward becoming a completely self-reliant naval power.The commissioning ceremony will be presided over by Defence Minister Rajnath Singh and is expected to highlight the country’s growing indigenous capabilities in naval power.INS Taragiri is the fourth vessel under the Project 17A class of stealth frigates a…
Mumbai, March 6 (IANS) The Maharashtra government has set an ambitious target to increase the gross income of the industrial sector in the state from $123 billion to $1,500 billion by 2047.Chief Minister Devendra Fadnavis, while presenting the annual Budget for 2026–27, said the state’s new Industry, Investment and Services Policy–2025 proposes to raise the share of the industry sector in the state economy to 30 per cent by 2047.According to the Budget, Maharashtra currently tops the country…
New Delhi, Feb 21 (IANS) India’s pharmaceutical exports grew by 9.4 per cent in 2024–25 to reach $30.47 billion, and the industry is now preparing to achieve double-digit growth in 2026–27 with strong government support, the Ministry of Commerce and Industry said on Saturday.The interaction, organised on the theme “Scaling up Pharma Exports,” reflected the government’s focus on expanding India’s global footprint in medicines through closer coordination with industry and regulators….
Bhopal, Feb 17 (IANS) The Madhya Pradesh government on Tuesday presented the third supplementary budget for the financial year 2025-26 in the State Assembly, providing additional funds totalling Rs 19,287.32 crore to meet emerging requirements and strengthen key sectors. Deputy Chief Minister and Finance Minister Jagdish Devda tabled the Third Supplementary Estimates, which include Rs 8,934.03 crore in revenue provisions and Rs 10,353.29 crore in capital provisions.A significant allocation of Rs…
Pune, Feb 3 (IANS) Foreign affairs expert Dr. Shailendra K. Deolankar has described the India-US trade agreement as a significant victory for New Delhi, stating that the withdrawal of steep tariffs imposed by America will revive key labour-intensive export sectors and strengthen India’s position in global trade. Speaking about the development, Dr. Deolankar recalled that in April 2025, US President Donald Trump had announced a 50 per cent tariff on certain Indian goods, including an additional…
Bengaluru, Feb 1 (IANS) Karnataka Leader of the Opposition R. Ashoka said on Sunday that the Union Budget 2026-27 is another significant step towards a developed India, and stressed that the Bengaluru-Hyderabad high-speed rail route will further strengthen Bengaluru’s position as a key economic hub of South India. “The announcement of seven high-speed rail corridors in the budget will inject fresh momentum into economic activity by rapidly connecting major cities across the country. The Bengal…