The Uttarakhand government on Monday (January 20, 2025) approved the rules for the Uniform Civil Code (UCC) in a State Cabinet meeting chaired by Chief Minister Pushkar Singh Dhami. Paving the way for its implementation, Mr. Dhami said the government would issue a gazette notification for the legislation by the end of January. Tatkal registration, door-to-door services […]
The RBI on Monday (January 20, 2025) modified guidelines related to Asset Reconstruction Companies (ARCs), envisaging that settlement with the borrower should be undertaken only after all possible ways to recover dues have been examined. The Reserve Bank of India (RBI) has issued guidelines on Settlement of Dues of borrowers by Asset Reconstruction Companies (ARCs).
World Bank forecasts 6.7% growth for India, surpassing global growth of 2.7% India is set to dominate the global economic landscape, maintaining its status as the fastest-growing large economy for the next two fiscal years. The January 2025 edition of the World Bank’s Global Economic Prospects (GEP) report projects India’s economy to grow at a steady rate of
Launches Sanchar Saathi Mobile App; Unveils National Broadband Mission (NBM) 2.0 and Inaugurates Intra Circle Roaming at DBN Funded 4G Mobile Sites In a landmark move to enhance telecom accessibility, security, and empowerment across India, the Union Minister of Communications, Sh. Jyotiraditya M. Scindia, today launched a suite of citizen-focused initiatives. Key highlights of the
The Reserve Bank of India (RBI) on January 16 announced the list of non-banking finance companies (NBFCs) in the upper layer under scale based regulation for NBFCs for the year 2024-25, and added Tata Capital Ltd to the list. The Reserve Bank of India (RBI) on Thursday released the list of 15 Non-Banking Financial Companies (NBFCs),
The RBI has liberalised FEMA regulations to boost the Indian Rupee (INR) for cross-border transactions, facilitating INR accounts for non-residents, enabling INR transactions between non-residents, supporting foreign investment, and offering flexibility for exporters. The Reserve Bank of India (RBI) on Thursday announced a slew of measures to promote cross-border transactions in the Indian Rupee (INR)
On January 16, 2025, India marks nine years of Startup India, a transformative journey that began in 2016. Designated as National Startup Day, this occasion celebrates the nation’s strides in fostering a robust and inclusive entrepreneurial ecosystem. Launched as a flagship initiative of the Government of India, Startup India aimed to nurture innovation and catalyse
As a part of the demerger splitting ITC Hotels into an individual entity, ITC has allotted 125.11 Crores equity shares of ₹1 each to its shareholders, post a board meeting held on 11th January 2025. Consequently, ITC Hotels now ceases to be a subsidiary of the Company. The long-awaited demerger of Kolkata-based diversified conglomerate ITC’s
Niti Aayog is exploring ways to realign the balance between the very deep government debt market and the corporate debt market, a top official said on Friday. The government think tank will also examine the possible impact of any moves which may be aimed at deepening the corporate debt market, its vice chairman Suman Bery
According a recent report by a credit information bureau CRIF High Mark, delinquencies in microfinance sector saw a notable rise, despite overall decline in Non-Performing Assets (NPAs) of the banking sector in India India’s microfinance sector is experiencing a notable rise in delinquencies, particularly in the top ten states, despite the banking sector’s celebration of