SBI Collaborates with Rural Development Ministry for SHG Loans: A New Chapter in Rural Financing
State Bank of India (SBI), the largest public sector bank in India, has partnered with the Ministry of Rural Development (MoRD) to launch a new financial product called Svyam Siddha, exclusively for women entrepreneurs in rural self-help groups (SHGs). This initiative is expected to boost rural financing and empower women-led enterprises in the country. Svyam […]
Global Investment Meet 2024: Greenbase and Tamil Nadu Government Ink MoU
The MoU Signing Greenbase, a fully owned subsidiary of the Hiranandani Group led by Dr. Niranjan Hiranandani, has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu during the Tamil Nadu Global Investment Meet 2024. The MoU was signed by Mr. N Shridhar, CEO of Greenbase, and Mr. Vishnu V, IAS, MD […]
Milestone Achieved: 50 Aggregators Join Hands to Boost ‘Brand India’ through One District One Product
Celebrating Diversity and Regional Development The One District One Product (ODOP) initiative has reached a significant milestone by enlisting 50 aggregators, aiming to promote ‘Brand India’ on a global scale. This program, under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, showcases the unique products and crafts of […]
Hindustan Zinc and India Post Payments Bank Collaborate for CSR Beneficiaries’ Financial Inclusion
Transformative Alliance to Empower Rural Rajasthan In a significant move to revolutionize the financial landscape of rural Rajasthan, Hindustan Zinc Limited (HZL) and India Post Payments Bank (IPPB) have entered into a Memorandum of Understanding (MoU) to offer financial inclusion services to CSR beneficiaries. This groundbreaking alliance aims to create a substantial impact on the […]
NCLAT: Ex-Promoters and Directors Can Bid if They Meet Section 29A of IBC Criteria
The National Company Law Appellate Tribunal (NCLAT) has clarified that former promoters and directors of a company undergoing insolvency process are not automatically disqualified from submitting resolution plans. The tribunal said that such individuals can bid for the insolvent company if they meet the eligibility criteria under Section 29A of the Insolvency and Bankruptcy Code […]
Government to Sell ‘Enemy Property’ Shares in 84 Companies, First Tranche Includes 20 Firms
The government of India has announced its plan to sell over 2.91 lakh shares of ‘enemy property’ in 84 companies to individuals and corporates in tranches. These shares belong to the assets of individuals who had migrated to Pakistan and China, mostly between 1947 and 1962, and are classified as ‘enemy property’ under the Enemy […]
RBI Governor Das on Crypto Regulations: ‘What Works for Other Markets May Not Suit Us
RBI Governor Shaktikanta Das has reiterated his stance on crypto regulations, saying that India will not follow the footsteps of other countries and will adopt a cautious approach that suits its own needs and interests. He was speaking at a BFSI summit organised by the publication Mint on Thursday. Crypto risks for emerging markets Das […]
Central Board of Indirect Taxes & Customs App Launch: A Step Towards Reducing Litigation Time
The Central Board of Indirect Taxes & Customs (CBIC) will roll out an app to alert officials about timely disposition of tax appeals by tracking all cases under the litigation process, officials said. What is the app? Named ‘Samay’, the app will capture all the pending orders across levels from adjudicating officer to the Customs, […]
Gadkari Unveils Rs 4,000 Crore Highway Projects in Punjab: A New Era of Development
Hoshiarpur, Punjab – Developmental Milestone Union Minister for Road Transport & Highways, Shri Nitin Gadkari, has marked a significant step in Punjab’s development trajectory by inaugurating and laying the foundation stones for 29 National Highway projects. This monumental undertaking, valued at over Rs 4,000 crore, took place in Hoshiarpur, Punjab, in the presence of various […]
Central Banks to Intervene More in Bond Markets; Regulation Needs Review: ICMA
Growing Role of Central Banks The International Capital Markets Association (ICMA) has recently shed light on the increasing involvement of central banks in the bond markets. This trend signifies a shift in strategy, where central banks are expected to intervene more frequently in government bond markets. Such interventions are not limited to traditional methods like […]