Centre’s debt grew slower than GDP: CAG

India’s debt accumulation slowed relative to GDP growth between FY21 and FY23, signaling positive debt sustainability, according to the Comptroller and Auditor General (CAG). The Centre’s debt-to-GDP ratio, which peaked in FY21 due to the pandemic, eased to 57.93% in…

Read More

RBI seeks to tighten norms for digital banking

“Third-party products and services, including those of promoter groups or bank group entities, shall not be displayed on banks’ digital banking channels except as specifically permitted by the Reserve Bank from time to time,” the RBI stated in its draft…

Read More

Milky Mist files DRHP for Rs 2,035crore IPO

Milky Mist Dairy Food has filed for an IPO to raise Rs 2,035 crore, including a fresh issue for debt repayment and facility expansion. The company, known for its paneer production, will use IPO funds to capitalize on the rising…

Read More