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The finance ministry already approves such loans for MSMEs and corporate sector as loan against receivables
Under the decision, public sector general insurance employees will receive a wage increase effective August 1, 2022.
In a 400-page chargesheet filed before Judicial Magistrate Ankit Garg, police alleged that the accused, Gaganpreet Makkad, deliberately delayed providing critical medical assistance to the victim.
Industry officials familiar with the matter say the government is still at a preliminary assessment stage, with no formal execution plan or timeline in place
The Mumbai Bench of NCLT recently approved the OTS scheme between NSEL and NIF.
However, the restriction on rural branches continues, meaning only branches in areas with a population above 10,000 (as per the 2011 Census) can offer the scheme.
More labour-intensive sectors may be added as India looks to expand the scope of its manufacturing policy beyond the existing clusters.
Financial Services Secretary M Nagaraju chaired a meeting of representatives of leading insurers, hospitals, General Insurance Council and Association of Healthcare Providers (India) to discuss the issue of medical inflation and rising premium costs.
The ministry also said that requests for correction of inverted duty structure, if any, for a commodity, should be supported by value addition at each stage of manufacturing of the commodity.
The Department of Revenue has been directed to undertake a fair, transparent, and fact-based inquiry into the allegations raised by Wintrack Inc
Legacy files have been scanned and shredded; officials are citing storage constraints and shift to a new paperless regime
The advisory comes at a time when the government is trying to boost consumption and encourage people to spend. In its effort to prop up spending by the middle class, the government has provided relief on the income tax front earlier this year in Budget 2025-26
The GST rate rationalisation is expected to lower the tax burden on consumers, boost consumption, and provide a cushion against tariff impacts, said the finance ministry.
Chartered accountants and trade bodies demand more time as compliance workload and portal issues mount.
The meetings come in the wake of mixed reviews from certain sectors around the relief offered through GST reforms given the removal of input tax credit under the new rates.
Efforts to help industry, especially MSMEs to achieve scale and thereby ensuring better wages is key since the capacity to spend is intrinsically tied to growth in income that has been tepid, particularly in urban India.
Government estimates peg India's growth at 6.3%-6.8% for the financial year through March 31, broadly in line with last year's 6.5% growth and much below the 9.2% clocked in 2023-24.
Measures to improve ease of business include fast-tracking of a high-level committee on regulatory reforms, simplifying FDI rules and further decriminalisation of minor offences, it is learnt.
This is because the weight of food in the CPI basket is likely to come down; therefore, the RBI may continue to target headline inflation, with a mandate of keeping the rate at 4 percent along with a tolerance band of 2 percentage points on either side. The current framework is valid until March 2026.
The Indian economy in mid-2025 presents a picture of 'cautious optimism', said the ministry
Ashish Madhaorao More, joint secretary in the finance ministry, has also said NBFCs are uniquely positioned to break the last-mile green finance gap and can help India meet its emission goals
This is the first time the government has disclosed the information on crypto taxes collected since it was implemented in 2022.
The ministry added that India remained the largest recipient of FDI inflows in the calendar year 2024 supported by robust new project announcements, particularly in the manufacturing sector such as in semiconductors and basic metals.
The first draft of the discussion paper, expected to be out in July, will likely outline the technological benefits of certain cryptos such as stablecoins, without taking a stand on regulation, given the RBI's resistance to this asset class
