Business
Centre Plans New Credit Cover For MSME Exporters
NEW DELHI: To aid exporters impacted due to the steep US tariffs and diversify to other markets, the Centre may soon launch a credit guarantee scheme for MSME exporters for loans up to Rs 100 crore. This new scheme exporters could be on the lines of the common Mutual...
RBI May Retain Existing Cap For Deposit Insurance Premiums
MUMBAI: The Reserve Bank of India (RBI) may retain the current 12 paise/Rs 100 cap on deposit insurance premiums, even after it moves towards the new risk-based premium model (RBP) proposed in the October policy, said banking industry sources. However, for well-managed banks, the insurance premium is expected to...
National Minimum Wage Unchanged For Eight Years
NEW DELHI: The non-binding National Floor Level Minimum Wage (NFLMW) has remained unchanged since 2017, a situation that could worsen the income crisis among vast sections of population, mainly daily-wage workers. Proper and timely revision of NFLMW by the Centre, typically conducted once every two years and factoring in...
Trade Deficit Hits 13-Month High As US Exports Fall 12%, Gold Imports Surge
NEW DELHI: India’s trade deficit widened to a 13-month high in September, driven by a sharp rise in bullion imports, even as merchandise exports grew 6.7 per cent year-on-year (Y-o-Y) to $36.38 billion, data released by the commerce department on Wednesday showed. This growth came despite shipments to the...
Power Network Sharing Proposal Needs To Address Legacy PPAs: Former Secretary
NEW DELHI: The ambitious proposal by the power ministry to allow network sharing between distribution licensees operating in the same geographical area will face three key challenges, said a former bureaucrat. According to him, they include sharing of fixed cost of legacy power purchase agreements (PPAs), cross-subsidy burden and...
Room Opened For Rate Cut, Time Not Opportune: RBI Governor
MUMBAI: Despite the benign inflation outlook opening up room for a repo rate cut, the timing is not appropriate to reduce the key rate at present, since it would not produce the expected results, Reserve Bank of India governor Sanjay Malhotra wrote in the minutes of the monetary policy...
Centre Announces New Rules To Ensure Timely Pension, Retirement Dues And PPOs For Government Employees
NEW DELHI: In a major relief to government employees, the Centre has issued new comprehensive guidelines to ensure timely payment of pension and retirement benefits. These rules are aimed at ensuring that no government employee has to wait for months for their pension or Pension Payment Order (PPO) after...
Hyundai Bets Big On India With Rs 45,000-Crore Plan
CHENNAI: South Korean auto major Hyundai Motor Co is making its most ambitious move yet in India, committing an investment of Rs 45,000 crore by FY2030 to turn the country into its second-largest market globally, next only to the US. The announcement, which was made at Hyundai Motor India’s...
WPI Inflation Eases To 0.13% In September On Lower Food Prices
NEW DELHI: Wholesale price inflation (WPI) softened to 0.13 per cent in September on easing in prices of food articles and manufactured items, government data showed on Tuesday. WPI-based inflation was 0.52 per cent in August and 1.91 per cent in September last year. “Positive rate of inflation in...
Four Technologies To Reshape Global Labour Markets: WEF
NEW DELHI: Four emerging technologies — AI, robotics, advanced energy systems and sensor networks — are poised to reshape global labour markets with the greatest impact expected in seven core sectors employing 80 per cent of workers worldwide, a study said on Tuesday. These technologies will create new opportunities...
Corporate Capex Revival On Anvil, Will Grow By $800 Billion In FY26-30, $1 Trillion In FY31-35, Says S&P
MUMBAI: The economy is in for a much-delayed revival in corporate capex, which has in fact stalled after the record capacity additions seen in the boom years of the first decade of the millennium. But that is about to change, if an S&P analysis is to be believed which...
RBI’s Move To Reform Regulatory Framework Set To Bring Good Times For Banks, Says Fitch
MUMBAI: The major relaxations in the regulatory framework (as many as 21 regulations are getting amended) announced by the RBI on October 1 are positive for the financial sector as they will help strengthen the operating environment for banks with lesser burden on core capital, said Fitch Ratings in...
IMF Raises India’s FY26 GDP Growth Forecast By 20 Basis Points To 6.6%
NEW DELHI: The International Monetary Fund (IMF) on Tuesday raised India’s gross domestic product (GDP) growth forecast for 2025-26 (FY26) by 20 basis points (bps) to 6.6 per cent, citing a “strong first quarter” that more than offset the impact of the US rate hike, in its latest World...
New Interest Subvention Scheme Soon For MSME Exporters
NEW DELHI: The government will soon unveil a revamped interest subvention scheme for exporters, under which it may extend a 3% interest subsidy to micro, small, and medium enterprises (MSMEs), instead of all exporters, sources told FE. This will be a key element of the support package for exporters...
India, EU Wrap Up 14th Round Of Talks
As officials from India and European Union (EU) wrapped up their 14th round of negotiations on the proposed free trade agreement (FTA) on Friday, plans are afoot for the visit of Commerce and Industry Minister Piyush Goyal to Brussels later this month before the next round of talks begin....
Telecom Companies Seek Uniform Rules For Satcom, OTT Platforms
NEW DELHI: Telecom operators are pressing the department of telecommunications (DoT) to ensure a level regulatory playing field for satellite communication (satcom) and over-the-top (OTT) platforms, saying existing rules need to evolve in line with the digital economy.“Satcom is complementary, not competing. It can help extend coverage in rural...
Narrowing Margins To Shrink Banks’ Q2 Profits
MUMBAI: Banks are expected to report weaker earnings for the second quarter of FY26 in coming weeks as falling lending rates outpaced the decline in funding costs, compressing margins and profit growth. Analysts said the full impact of earlier RBI repo rate cuts was felt during the quarter, causing...
General Govt Capex-To-GDP Likely To Stay Around 5% In FY26, Lower Than Fy25p And FY24 Peak: Report
NEW DELHI: The general government capital expenditure (capex) as a share of GDP in FY26 is likely to remain around 5 per cent, which is lower than 5.1 per cent in FY25P and much below the FY24 peak of 5.4 per cent, according to a report by Emkay Research....
