New Delhi, April 15 (IANS) The government has approved more than 5.27 lakh guarantees worth Rs 92,000 crore for MSMES during February–March this year, demonstrating strong institutional support for the sector amid the global challenges triggered by the West Asia conflict, according to the Ministry of Micro, Small and Medium Enterprises on Wednesday.Over 20 lakh MSMEs were newly registered on the ministry’s Udyam portal during February–March 2026, taking the total number of registered enter…
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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 6 (IANS) Pakistan’s decision to raise petrol prices to Rs 458.40 per litre, with a petroleum levy of Rs 161 per litre, risks “a structural shock on an already fragile economy,” a new report has said.The report from Business Recorder said that the hike necessary under the constraints of the IMF programme will pass through supply chains, inflating input costs, compressing margins, and ultimately dampening output.The hike also aims to mobilise revenue after the administration mis…
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…
Kolkata, March 7 (IANS) West Bengal Chief Minister Mamata Banerjee launched a sharp offensive against the Bharatiya Janata Party (BJP) on Saturday, accusing the saffron party of using its allies and appointees for political gain before abandoning them.Speaking at the site of her indefinite protest against the Special Intensive Revision (SIR) of voter lists in Central Kolkata, Banerjee cited Bihar Chief Minister Nitish Kumar and the recently resigned West Bengal Governor, C.V. Ananda Bose, as pri…
New Delhi, March 4 (IANS) Both inequality and poverty have increased in Pakistan during the last six years, a report released by the country’s Planning Commission clearly indicated.This is based on a comparison of the level and distribution of household incomes, according to the Household Integrated Economic Survey (HIES) of 2018-19 and 2024-25, respectively, undertaken by the Pakistan Bureau of Statistics (PBS).The worrying statistic is the rise in the incidence of national poverty from 21.9 pe…
New Delhi, Feb 12 (IANS) Replying to questions on the ‘progress report’ of PM Vishwakarma Yojana, Minister of State (MoS) for Labour and Employment Shobha Karandlaje told the Rajya Sabha on Thursday that the public welfare scheme was being rolled out at much faster pace than anticipated, and has even surpassed its own target of registrations under the stipulated period. The MoS told the House that 30 lakh people have been registered under the scheme, making them eligible to receive welfare benef…
New Delhi, Feb 7 (IANS) When US President Donald Trump officially confirmed the much-awaited bilateral trade deal, immediately reducing American tariffs on Indian goods from 25 to 18 per cent, and Prime Minister Narendra Modi corroborated, there was a mixed reaction. And Saturday, even before India woke up, the news had broken of an US-India Joint Statement announcing an Interim Agreement.The framework will lead to the broader US-India Bilateral Trade Agreement (BTA) negotiations, launched by Pr…
New Delhi, Feb 1 (IANS) Union Finance Minister Nirmala Sitharaman’s economic roadmap for 2026-27 complements Prime Minister Narendra Modi’s vision of “Viksit Bharat” and has emerged as a guiding light for building a grand future for India, said Union Minister for Food, Public Distribution and Consumer Affairs Pralhad Joshi. He said that this is a growth-centric budget with a focus on strengthening production capacity across seven key sectors. In particular, an allocation of Rs 10,000 cro…
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…