Finance availed through e-NWR issued by NeRL is expected to increase 33 per cent to ₹4,000 crore this fiscal from ₹3,000 crore last fiscal National e-Repository expects the Government move to allocate ₹1,000 crore towards Credit Guarantee Scheme for e-NWR (electronic-Negotiable Warehouse Receipts) based Pledge Financing to be a game changer in adoption of warehouse […]
Startup selected under NQM launches one of India’s most powerful quantum computers Bangaluru based QpiAI, one of the 8 startups selected under the National Quantum Mission, coordinated by the Department of Science and Technology (DST) announced the launch of one of India’s most powerful quantum computers featuring 25 superconducting qubits, on the occasion of World
Indian start-ups prefer quick wins over deep tech innovation The Union Commerce Minister Piyush Goyal’s recent criticism of Indian start-ups and their lack of focus on deep tech has sparked a flurry of debate in the ecosystem. However, data also show that the Indian start-up activity is merely following sectors/areas that are more lucrative and
Labour Force Indicators in Current Weekly Status(CWS) Labour Force Participation Rate (LFPR) In Urban areas, LFPR increased for males (74.3% in 2023 to 75.6% in 2024) and slightly for females (25.5% to 25.8%), leading to an overall rise in LFPR (50.3% to 51.0%). Overall LFPR remained constant at 56.2%, despite minor variations across categories. Worker Population Ratio (WPR) Slight
Home loan borrowers are having an excellent year 2025, which started with a 25 basis point reduction in the repo rate by the RBI. Now, the central bank has announced another 25 basis point rate cut. This means that home loan borrowers, especially the ones with floating-rate home loans, will see their EMIs fall substantially
India has tightened steel procurement rules to favour domestic manufacturing, at a time when mills are struggling with lower prices of iron and steel due to a sharp influx of cheaper imports, a government notification showed. India’s finished steel imports from China, South Korea and Japan hit a record high in the first 10 months
India’s external debt increased by 10.7 per cent to USD 717.9 billion at the end of December 2024 from USD 648.7 billion in December 2023, as per the data released by the finance ministry. On a quarter-on-quarter basis, there is a 0.7 per cent increase in external debt from the level of USD 712.7 billion
The Central Board of Direct Taxes (CBDT) has signed a record 174 Advance Pricing Agreements (APAs) with Indian taxpayers in FY25, marking the highest number finalised in a single financial year since the programme’s inception, the tax department said on Monday.An APA helps taxpayers and tax authorities agree on how to price transactions between related
It has been nearly 10 years since the government launched the Smart Cities Mission with the aim of improving the quality of life in 100 selected cities. Last year, the deadline for achieving this target was extended to March 31, 2025. Now, as that deadline ends, it turns out that only 18 of the 100
The government has notified changes to MSME classification criteria, revising investment and turnover limits effective April 1. Micro enterprises can now invest up to ₹2.5 crore (earlier ₹1 crore), with a turnover cap of ₹10 crore (earlier ₹5 crore). The government has notified significant revisions to turnover and investment criteria for classifying MSMEs that will