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CoC Cannot Withdraw Approved Resolution Plan After NCLT Submission Over Improved Corporate Debtor Finances: SC

New Delhi, Oct. 27 -- The Supreme Court has ruled that a Committee of Creditors (CoC) cannot withdraw its approval of a resolution plan after submitting it to the National Company Law Tribunal (NCLT),... Read More


India Targets Government Debt At 50% Of GDP By 2030: Nirmala Sitharaman

New Delhi, Oct. 27 -- Union Finance Minister Nirmala Sitharaman on Monday said the Centre remains committed to reducing the fiscal deficit and aims to limit the Union Government's debt to 50 per cent ... Read More


RBI Increases Liquidity Support to Banks as Tight Conditions Push Up Short-Term Borrowing Costs: ICICI Bank

New Delhi, Oct. 27 -- Tightening liquidity conditions in the banking system have pushed up short-term borrowing costs, prompting the Reserve Bank of India (RBI) to inject funds into banks. Meanwhile, ... Read More


RBI's New Forex Rules Leave Individual Service Exporters Uncertain Over EDF Compliance

New Delhi, Oct. 27 -- Individual service exporters remain uncertain about compliance with the RBI's new Foreign Exchange Management Regulations, more than three weeks after their implementation, due t... Read More


DPIIT Reports 2.5 Lakh Startups Generating 25.42 Lakh Jobs, 47,957 Compliance Cuts

New Delhi, Oct. 27 -- The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 2,50,046 startups that have generated over 25.42 lakh jobs across more than 770 districts. The ... Read More


UP Power Utility Plans 4,250 MW Battery Storage Projects at Six Locations With Rs 5,525 Crore Investment

Lucknow, Oct. 27 -- Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL), a state-owned power generation utility, plans to develop battery energy storage systems (BESS) at six locations linked to it... Read More


Piyush Goyal Holds Trade, Investment Talks With Dutch Ministers and Business Leaders

New Delhi, Oct. 27 -- Commerce and Industry Minister Piyush Goyal held meetings with Dutch government officials, parliamentarians and business leaders on October 26 to discuss bilateral trade, investm... Read More


India-US Trade Facilitation Portal Records 3,500 Registrations, MSMEs To Benefit

New Delhi, Oct. 27 -- The India-US Trade Facilitation Portal has recorded around 3,500 registrations within a few months of its launch, Commerce and Industry Minister Piyush Goyal said, highlighting i... Read More


DAC Approves Defence Acquisition Proposals Worth Rs 2.12 Lakh Crore

New Delhi, Oct. 26 -- The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on October 26 accorded Acceptance of Necessity (AoN) to capital acquisition proposals worth appr... Read More


MSME Ministry's RAMP Programme Briefs Haryana MSMEs on Labour Codes, Pollution Norms and Govt Incentives

Chandigarh, Oct. 26 -- A capacity-building and training programme for micro, small and medium enterprises (MSMEs), organised under the Raising and Accelerating MSME Performance (RAMP) scheme, focused ... Read More