Unlocks in the month of June have led to the sharp bounce back in credit demand by MSMEs, which was dampened by the second wave after a strong fourth quarter of FY21. Strong rebound in credit demand, accompanied by equally strong credit...

The Reserve Bank of India (RBI) has decided to allow non-bank payment system providers (PSPs), including prepaid payment instruments (PPI) issuers like mobile wallets, card networks and white label ATM operators to participate in the Centralised...

The International Monetary Fund (IMF) on Tuesday slashed its FY22 growth forecast for India by 300 basis points from its April projection to 9.5 per cent, the sharpest cut for any country, citing the damage caused by the second Covid wave that...

A parliamentary panel studying the impact of Covid-19 pandemic on MSMEs has noted in its report that the stimulus package declared by the Central government is “inadequate” as the measures were more of loan offerings and long term,...

The global online market is becoming more competitive, which makes it more vital for businesses to stand out from the crowd. 75 per cent of individuals believe that they evaluate the authenticity of any business through its...

The Reserve Bank of India (RBI) is unlikely to relax the restrictions on payment services providers not complying with data localization norms anytime soon, stated two government officials. The banking regulator and the government believe...

IndianOil (Indian Oil Corporation Limited) has announced that its Mathura refinery in the Indian state of Uttar Pradesh will be home to India's first green hydrogen facility. The project would bolster the state-run oil and gas company's...

Since the Insolvency and Bankruptcy Code (IBC) regime was rolled out five years ago, public and private sector banks, non-banking financial institutions, and other financial lenders to companies undergoing corporate insolvency resolution process...

US Secretary of State Antony Blinken to arrive in New Delhi today and his main purpose of visit is to discuss bilateral relations, regional issues including Afghanistan, Pakistan sponsored terrorism, Indo-pacific among various other issues with...

The government’s total tax revenues, including the direct taxes and indirect taxes, grew 85.6 per cent to Rs 5.57 lakh crore, government data shared in the Parliament on Monday has revealed. Net direct tax collection in the April-June...