New ‘Tarun Plus’ loan category launched by FinMin under Mudra scheme, loans up to ₹20 lakh
The Department of Financial Services (DFS) in the Finance Ministry has created a new ‘Tarun Plus’ category under the Mudra Scheme to encourage entrepreneurship in the country. Under the new category, loans above ₹ 10 lakhs up to ₹ 20 lakhs would be offered for entrepreneurs who have repaid their
No formal proposal to scrap windfall tax on crude oil, says FinMin official
The Finance Ministry is not considering any proposal to do away with windfall tax on domestically produced crude and export-bound petroleum products. As on date, the levy, technically known as Special Additional Excise Duty (SAED), is zero on domestically produced crude and export-bound petroleum products. The issue about doing away
Supply of manpower to foreign company for working in India to attract GST, says UPAAR
Supply of manpower for work in India to foreign clients having no permanent establishment here will not be treated as export of services and accordingly attract GST, Uttar Pradesh’s Authority for Advance Ruling (UPAAR) has said. The applicant, Noida-based Pacific Staffing Solutions sought advance ruling on its plans to provide
India largest beneficiary of EIB’s loans outside Europe: Nicola Beer
India is the largest beneficiary of European Investment Bank’s transport financing outside Europe, said Nicola Beer, vice-president of the bank’s financing arm of the European Union, which formally announced to lend €300 million (₹2,800 crore) to the ₹15,767-crore Bengaluru suburban railway network. Beer was in Gandhinagar on Friday to participate
Construction and agriculture drag India Inc’s Q2 revenue growth to 5-7%: Crisil report
Sluggish performance in construction, industrial commodities, and investment-linked sectors has led to the moderation in Indian Inc’s revenue growth, CRISIL Market Intelligence and Analytics observed. The revenue growth for the three months of the ended September stood at 5-7 per cent, as per the market intelligence firm. India Inc. experienced
Nirmala Sitharaman seeks enhanced support from international financial institutions to achieve SDGs
Union Finance Minister, Nirmala Sitharaman, on Saturday, participated in G7 African Ministerial Roundtable and sought an enhanced support from international financial institutions to achieve Sustainable Development Goals (SDGs), the Finance Ministry said in a post on social media platform X. “FM @nsitharaman especially focused on enhanced support from international financial
FM calls for fair and accurate sovereign ratings to ensure capital at IMF meeting
Union Finance Minister Nirmala Sitharaman raised the issue for fairness and accuracy in sovereign ratings for emerging markets and developing economies (EMDEs) during her address at the International Monetary Fund’s (IMF) 2024 Annual Meeting. Speaking in Washington, D.C., at the IMFC Plenary session on “Managing Director’s Global Policy Agenda,” on
Andhra Pradesh joins hand with EESL for powering 1.5 lakh houses with energy efficient appliances
Energy Efficiency Services Limited (EESL) has entered into a significant agreement with the Andhra Pradesh State Housing Corporation Limited (APSHCL) and Andhra Pradesh State Energy Efficiency Development Corporation Limited (APSEEDCO) to enhance energy efficiency in the state. The agreement was signed late evening on Friday in the presence of Chief
Emerging economies must get equitable voice in global financial governance: Shaktikanta Das
Reserve Bank of India (RBI) Governor Shaktikanta Das highlighted the need for reforms in the international financial system to address challenges faced by emerging economies and to adapt to the evolving global economic landscape. Das made these remarks during his address at the Macro Week 2024 event, organized by the
Pawfect buddies: Mumbai Airport revives emotional support dog program at Terminal 2
Mumbai International Airport (MIAL) has reintroduced its ‘Pawfect’ program, bringing emotional support dogs back to Terminal 2 to assist travelers, airport officials announced. The initiative, which makes MIAL the only Indian airport offering such a service, features nine trained dogs including a Golden Retriever, a Maltese, a rescued Husky, Shih