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Payments Council Backs MDR On UPI, Says Sustained Investment Key To Ensuring Reliability

New Delhi, Aug. 8 -- The Payments Council of India (PCI) has supported discussions around introducing a merchant discount rate (MDR) for the Unified Payments Interface (UPI), stating that sustained in... Read More


India's Medical Device Market May Hit USD 250 Bn By 2047: FICCI-DUA Report

New Delhi, Aug. 8 -- India's medical device industry is projected to grow into a USD 250 billion market by 2047, according to a white paper released by FICCI and DUA Consulting. The report, unveiled ... Read More


RBI Proposes Restricting NBFCs To Term Loans, Bars Revolving Credit

New Delhi, Aug. 8 -- The Reserve Bank of India (RBI) has proposed restricting non-banking financial companies (NBFCs) to offering only term loans, effectively disallowing revolving credit products und... Read More


Trade Pacts To Open Global Markets For Arunachal Farmers, Manufacturers: Piyush Goyal

Itanagar, Aug. 8 -- Union Commerce and Industry Minister Piyush Goyal on Friday said India's recent trade agreements are expected to create wider global market access for farmers, metal producers and ... Read More


Lok Sabha Passes MSME Amendment Bill 2026 To Tackle Payment Delays And Boost Liquidity

New Delhi, Aug. 8 -- The Lok Sabha on Friday passed the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, without debate amid continued protests by Opposition members. The legis... Read More


97% Of India's Rural Enterprises Are Nano Units: TRI Report

New Delhi, Aug. 8 -- Nearly 97 percent of India's more than 43 million rural enterprises are nano enterprises, and enabling them to invest, expand and generate employment could significantly boost rur... Read More


DGFT Expands Trade Connect Eligibility To DPIIT-Recognised Startups

New Delhi, Aug. 8 -- The Directorate General of Foreign Trade (DGFT) has expanded the eligibility criteria for the 'Source from India' service on the Trade Connect ePlatform to include eligible DPIIT-... Read More


GeM Crosses Rs 20 Lakh Crore In Cumulative Public Procurement Ahead Of 10th Anniversary

New Delhi, Aug. 8 -- The Government e-Marketplace (GeM) has crossed Rs 20 lakh crore in cumulative Gross Merchandise Value (GMV) through more than 3.78 crore orders, ahead of completing ten years of o... Read More


Customs Duty On Most Items To Fall To Single Digits By FY28: FM Sitharaman

New Delhi, Aug. 7 -- The government plans to continue rationalising tariff structures and aims to bring Customs duty on most items down to single-digit levels by the Budget for 2027-28 (FY28), Union F... Read More


Lok Sabha Clears Taxation and Other Laws (Amendment) Bill; Push For Foreign Investment And Manufacturing

New Delhi, Aug. 7 -- The Lok Sabha on Thursday passed the Taxation and Other Laws (Amendment) Bill, 2026, without debate. The legislation aims to attract foreign investment, support domestic manufactu... Read More