To reduce compliance costs and improve efficiency, the Act allows low-risk businesses to submit self-certifications instead of undergoing routine government inspections.
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In the short-term, the micro finance company has set a target of taking the current 10-11% MSME lending to 14-15% by FY27. The MSME push is one leg of a broader secured lending diversification underway at the microfinance lender, following…
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In a bid to modernize inflation measurement, the government is set to replace the Wholesale Price Index with the Producer Price Index for future government contracts and price changes. This initiative seeks to align India’s procurement processes with global inflation…
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A US Senate bill proposes imposing 100 percent tariffs on five nations buying Russian oil. This legislation aims to cut revenue funding Russia’s war efforts in Ukraine. European countries buying Russian natural gas would be exempt from these new tariffs.…
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GIFT City is drawing strong interest from multinational companies, with JPMorgan saying more than 100 firms are exploring banking and payment solutions for corporate treasury operations. GIFT City’s tax incentives, single regulator, foreign currency capabilities and growing banking ecosystem are…
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Private insurers want Irdai to change proposed investment norms for unlisted companies. They suggest linking exposure limits to shareholders’ funds instead of surplus. This change could unlock billions for investment in privately held businesses. The proposed framework may expand sector…
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