Nikesh Singh

More than 408.2 mn loans amounting to Rs 23.2 trn sanctioned under PMMY

PMMY aims to facilitate easy collateral-free credit of up to Rs 10 lakh to micro-entrepreneurs for income-generating activities

FY24 procurement target through GeM likely to set at Rs 2.5 trillion

The next growth is expected to come from works contract, services and states

Industry associations welcome RBI decision to pause interest rates

After six consecutive hikes aggregating 250 bps, RBI hits a pause

Finance Ministry to meet chiefs of PSBs, key schemes' progress in focus

DFS secretary to review progress of financial inclusion and social security schemes

More than Rs 40,700 crore sanctioned under Stand-Up India Scheme in 7 years

The scheme aims to promote entrepreneurship at the grassroot level focusing on economic empowerment and job creation and has been extended up to the year 2025

At least three 'completed' textile parks closed, finds CAG report

Auditor says large number of cancellations defeated the purpose of the scheme

Govt falls short of disinvestment target, posts stronger dividend receipts

The dividend receipts from CPSEs grew more than 37 per cent to Rs 58,988 crore against the Revised Estimates (RE) target of Rs 43,000 crore

Finance ministry to launch three-month campaign to boost micro-insurance

The department has advised chief secretaries of States/ UTs and chairman and CEOs of Public Sector Banks (PSBs) to extend full support during the campaign

Procurement via GeM crosses target of Rs 2 trillion on last day of FY23

On March 30, GeM completed five million transactions in a single financial year for the first time ever

Current saving, investment rate insufficient for 8% growth: India Ratings

Savings and investment rates in the financial year (FY) 2021-22 were 30.2 per cent and 29.6 per cent, respectively

Govt tells PSBs to monitor, make provision for companies' pledged shares

Directs banks to double down on comprehensive stress testing of portfolios at micro-cluster level

Smuggled gold seized at airports doubled in FY23, FinMin tells Lok Sabha

Mumbai witnessed 50 per cent growth in gold seized in FY23 compared to the pre-pandemic year of FY20

RBI doing it right on rate hikes, need more: IMF economist Luis Breuer

He also said the Budget's focus on prudence and fiscal consolidation was a good step that will reduce and stabilise public debt, which is quite high in the country compared to other G20 countries

Deepak Mohanty new PFRDA chairperson, Mamta Shankar named whole-time member

Mohanty was whole-time member (economics) of PFRDA and retired in May 2022

HDFC Bank, Flipkart Wholesale launch co-branded card for latter's members

The product will offer users 5% cashback on Flipkart Wholesale online spending. Members can apply for the card directly at Flipkart Wholesale stores and on its Best Price Flipkart Wholesale app

PNB signs deal with warehousing body for financing against e-NWR

Partnership will give farmers information about negotiable instrument meant to assist rural economy

India's manufacturing growth to continue in Q4, says Ficci survey

The responses have been drawn from over 400 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 10 trillion

PM Modi exhorts India Inc to make most of budget, ramp up investments

'Govt paving way for collective ownership in Budget implementation'

Private sector should increase investments, benefit from Budget: Modi

Trust and expectation have replaced doubt in discussions about Indian economy, he says

DFS work on draft insurance law complete, sent to Cabinet for approval

The amendments aim to enhance the security of policyholders, promote their interests, and improve returns