Finance Commission sets up advisory panel
The 16th Finance Commission has set up a five-member advisory council comprising economists D K Srivastava, Neelkanth Mishra, Poonam Gupta, Pranjul Bhandari and Rahul Bajoria.
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PLI booster: Telecom equipment manufacturing sales cross Rs 50,000 crore
The telecom equipment manufacturing sales have crossed Rs 50,000 crore under the production-linked incentive (PLI) scheme, creating more than 17,800 direct jobs and many more indirect jobs, the government said on Wednesday.
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ESG financing in India ahead of target, says DBS
DBS Bank’s ESG finance book in India has surpassed its 60% growth target for 2024, ranking among the top three markets for the bank. With a significant increase in ESG financing, particularly in renewable energy, telecommunications, and agriculture, DBS aims…
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Insolvency law fosters healthy credit culture: NFRA chief Pandey
On Tuesday, Ajay Bhushan Prasad Pandey, chairman of the National Financial Reporting Authority (NFRA), emphasized the importance of insolvency law for a healthy credit culture and its role in unlocking capital from unviable businesses for productive use through the resolution…
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Budget 2024: Govt may relax 45-day payment rule for MSMEs
The government is considering relaxing the 45-day payment requirement to MSMEs to prevent large corporations from seeking other sourcing options. This potential change to Section 43B(h) of the Income Tax Act might be announced in the upcoming Budget on July…
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Budget 2024: For micro, small & medium cos, a major funding boost
The upcoming budget may introduce a scheme to address credit gaps for MSMEs, potentially exceeding ₹10,000 crore. Interventions could include interest subvention and credit guarantees. The aim is to enhance credit access for the sector and promote growth. Stay updated…
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