New Delhi, July 3 (IANS) Business loans to individual entrepreneurs grew faster than those to commercial entities over three years even as outstanding commercial credit rose to Rs 65.8 lakh crore, up 14 per cent YoY, a report said on Friday.The report from TransUnion CIBIL and SIDBI said loans to individuals accounted for 28 per cent of outstanding commercial balances while loans to entities made up 72 per cent.Individual borrower balances grew 1.8 times during the three-year period between Marc…
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Mumbai, July 3 (IANS) In a major push to tackle plastic pollution and position Maharashtra as a green manufacturing hub, the MahaYuti government has approved the Maharashtra Bioplastics Policy 2026, aimed at promoting bioplastics manufacturing through a comprehensive package of incentives and dedicated funding.The policy, which will remain in force from 2026 to 2031, seeks to transform Maharashtra into a national hub for bioplastics manufacturing, research, innovation and exports. The government…
New Delhi, July 2 (IANS) The government held an industry brainstorming session here to chart a roadmap for strengthening India’s global leadership in the AYUSH sector through innovation, quality, exports and international collaboration, an official statement said on Thursday.Organised in collaboration with the Ministry of AYUSH and the AYUSH Export Promotion Council (AYUSHEXCIL), the session focused on opportunities arising from India’s Free Trade Agreements (FTAs), global branding of AYUSH, exp…
Vadodara, June 30 (IANS) Four defence companies on Tuesday signed memoranda of understanding (MoUs) worth a combined Rs 2,550 crore to invest in Gujarat’s defence sector during a seminar on ‘Atmanirbhar Bharat in Aerospace and Defence’ held as part of the second day of the Vibrant Gujarat Regional Conference (VGRC) for Central Gujarat in Vadodara. The agreements were signed in the presence of Union Defence Minister Rajnath Singh at Gujarat State Fertilisers and Chemicals (GSFC) University, where…
New Delhi, June 30 (IANS) When India rolled out the Goods and Services Tax (GST) on July 1, 2017, it was hailed as the country’s most ambitious tax reform since Independence. Before that, India’s indirect tax regime was a patchwork of 17 different taxes and 13 cesses levied by the Centre and the states.This fragmented system created inefficiencies, hidden costs, and the notorious “tax on tax” effect that burdened businesses and consumers alike.GST replaced this chaos with a unified framework, em…
Vadodara, June 30 (IANS) Defence Minister Rajnath Singh on Tuesday noted that the rapidly changing geopolitical environment made India’s self-reliance, technological capability and national security increasingly important, describing all three as essential to determining the country’s future global role. Speaking at the valedictory ceremony of the Vibrant Gujarat Regional Conference (VGRC) in Vadodara, Singh said the country’s ambition of becoming a developed nation by 2047 extended beyond econo…
Vadodara, June 30 (IANS) Defence Minister Rajnath Singh on Tuesday said that India’s standing in the international community has undergone a significant transformation under Prime Minister Narendra Modi, asserting that the country’s views now receive serious attention on global platforms. Addressing the valedictory session of the Vibrant Gujarat Regional Conference (VGRC) in Vadodara, Singh said India’s growing international stature reflected broader changes in the country’s economic, technologi…
Vadodara, June 30 (IANS) Defence Minister Rajnath Singh on Tuesday said investment in the defence sector generated benefits beyond national security by supporting industrial development, employment, infrastructure and technological innovation. Addressing industrialists, entrepreneurs and investors at the valedictory session of the Vibrant Gujarat Regional Conference (VGRC), Singh said defence manufacturing had become an important component of India’s broader economic development strategy.”Every …
New Delhi, June 30 (IANS) The launch of the Goods & Services Tax (GST) on July 1, 2017, marked a historic achievement in India’s economic reforms journey, with the principle of “One Nation, One Tax” helping to create a common national market, according to an official factsheet issued on Tuesday.As GST completes nine years, it has also undergone next-generation reforms in 2025, which further simplified the structure through lower rates, exemptions and easier processes. These measures ai…
New Delhi, June 30 (IANS) The Finance Ministry’s Expenditure Finance Committee (EFC) has approved an outlay of Rs 1.25 lakh crore for the India Semiconductor Mission (ISM) 2.0, paving the way for the next phase of the country’s semiconductor manufacturing push, according to a report in NDTV Profit.The proposal was cleared by the committee last week and will now be sent to the Union Cabinet for final approval.The proposed outlay marks a significant increase from the Rs 76,000 crore allocated as p…