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New Delhi, July 4 (SocialNews.XYZ) India's toy industry, once heavily dependent on imports, is now manufacturing domestically and exporting to 153 countries, Union Commerce Minister Piyush Goyal said on Friday. Addressing the 16th 'Toy Biz International B2B Expo 2025' here, the minister highlighted this remarkable transformation. He said that this shift has been made possible through consistent policy support, the enforcement of quality standards, and the strengthening of local manufacturing c ...Read More >
Mumbai, Jul 2 (PTI): The Reserve Bank of India (RBI) on Wednesday instructed banks and other financial institutions not to levy any pre-payment charges on all floating rate loans and advances, including those taken for meeting business objectives by individuals and micro and small enterprises (MSEs). These new rules will be enforced on all loans which are sanctioned or renewed on or after January 1, 2026. According to the current norms, banks and NBFCs are already not permitted to impose forecl ...Read More >
Mumbai, July 3 (SocialNews.XYZ) Minister of Women and Child Welfare Aditi Tatkare said in a written reply in the state assembly that there is no plan at the moment to give bank loans to start small businesses to the beneficiaries of the Ladki Bahin Yojana. The minister's announcement comes days after Deputy Chief Minister and Finance Minister Ajit Pawar had said that beneficiaries of Ladki Bahin Yojana would be eligible for bank loans to start small businesses. The minister was also silent in ...Read More >
New Delhi: The Reserve Bank of India has directed banks and other lenders not to charge pre-payment penalties on all floating-rate loans and advances, including for business purposes, availed by individuals and micro and small enterprises (MSEs). RBI's direction will applicable to all loans and advances sanctioned or renewed on or after January 1, 2026. Reserve Bank in its directive has mentioned that certain REs have been found to include restrictive clauses in loan contracts/ agreements to d ...Read More >
Mumbai: Receivables Exchange of India Limited (RXIL) - India's leading Trade Receivables Discounting System (TReDS) platform, a joint venture promoted by SIDBI and NSE, along with State Bank of India, ICICI Bank, and Yes Bank, has successfully enabled MSME Invoice Financing of Rs 2 lakh crore. Since its inception in 2017, RXIL has witnessed remarkable growth in invoice financing, scaling from ₹2,000 crore annually to over ₹10,000 crore monthly. The RXIL TReDS platform has facilitated financing ...Read More >
Bengaluru : The State Bank of India, the country's largest bank, concluded its SBI Scholar Quiz with encouraging participation by 4200 students across 16 cities in the country. The objective of the competition was to showcase students' academic talents and demonstrate SBI's strong social commitment to education. This event marked a key milestone in the bank's 70-year legacy of trust and transformation which was celebrated with recognition to all the participants with ₹50 lakhs prize money and ce ...Read More >
New Delhi: Bollywood top actress Deepika Padukone has once again proved that she is a global icon. The actress has been chosen as a recipient of prestigious Hollywood Walk of Fame star in the coming year. Deepika has pinned India on the global map as Hollywood Chamber of Commerce honours Deepika with her star on the Hollywood Walk of Fame for the class of 2026 in Motion Pictures category. Announced over a live-stream, it becomes even more special as Deepika becomes the first Indian to receive t ...Read More >
New Delhi: After Punjab National Bank, another PSU lender Indian Bank has announced waiver of minimum balance charges across all Savings Bank accounts. "Indian Bank has announced the complete waiver of minimum balance charges across all Savings Bank accounts, effective July 7, 2025. This move is aimed at fostering financial inclusion and making banking more accessible and affordable for all sections of society," the bank said in a statement. This move is set to benefit a vast spectrum of India ...Read More >
Pune: Passengers on board a Goa to Pune SpiceJet flight (SG-1080) had a scare on Tuesday evening when a window panel was found dislodged while the plane was mid-air.The airline played down the incident, saying the window part that had come off was "a non-structural trim component, fitted onto the window for the purpose of shade".But a person on board the plane -- a Bombardier Q400 -- told TOI the incident triggered anxiety among the passengers. "Two to three layers of the window panel just came ...Read More >
MUMBAI: RBI has mooted a unique, secure borrower identifier to avoid duplication and misreporting of data with credit bureaus, and to improve loan access for borrowers."Credit information companies rely on credit institutions to provide accurate and validated IDs. Without this, duplication and misreporting remain risks. We must move towards a unique borrower identifier, which is secure, verifiable, and consistent across the system," RBI deputy governor M Rajeshwar Rao said in his keynote address ...Read More >
Mumbai, The RBI on Wednesday directed banks and other lenders not to levy any pre-payment charges on all floating-rate loans and advances, including for business purposes, availed by individuals and micro and small enterprises (MSEs). The directions will be applicable to all loans and advances sanctioned or renewed on or after January 1, 2026. In terms of extant guidelines, banks and NBFCs are not permitted to levy foreclosure charges/pre-payment penalties on any floating rate term-loan sancti ...Read More >
New Delhi [India], July 2 (ANI): Union Minister of Communications Jyotiraditya Scindia slammed Congress President Mallikarjun Kharge while responding to his 'X' post, which targeted the Union Government for making 'false claims' and 'unfulfilled promises' about the Digital India mission. The Union Minister mentioned that India's era of 'buffering' ended with the Congress regime, whereas the nation has shifted to 5G under Prime Minister Narendra Modi. Jyotiraditya Scindia thanked Congress presi ...Read More >
New Delhi [India], July 1 (ANI): As the Digital India Mission completed 10 years on Tuesday, BJP leader Pradeep Bhandari drew contrast between the BJP and the opposition bloc and said that while the INDI Alliance is associated with 'corruption and nepotism,' the Modi government is associated with the model of development. The BJP leader praised the central government for the success of Digital India and stated that the country now accounts for 50 per cent of global financial transactions, a tes ...Read More >
JAMMU, July 02: With the annual ShriAmarnathJiYatra 2025 set to commence tomorrow, a vibrant spiritual atmosphere prevails at the YatriNiwas Base Camp in Bhagwati Nagar, Jammu, where around 3,500 pilgrims are ready to begin their sacred journey. "All arrangements have been made, and nearly 3,500 pilgrims are currently stationed at the Jammu Base Camp," said Rajesh Raina, a senior officer of the Tourism Department, speaking to Rising Kashmir. Registration counters have been set up inside YatriN ...Read More >
New Delhi [India], July 1 (ANI): As the Digital India Mission completed 10 years on Tuesday, BJP leader Pradeep Bhandari drew contrast between the BJP and the opposition bloc and said that while the INDI Alliance is associated with 'corruption and nepotism,' the Modi government is associated with the model of development. The BJP leader praised the central government for the success of Digital India and stated that the country now accounts for 50 per cent of global financial transactions, a tes ...Read More >
New Delhi [India], July 1 (ANI): The Delhi Police on Tuesday seized two end-of-life vehicles (ELVs), a 15-year-old petrol bike and a 10-year-old diesel bike, from a petrol pump in the city, as part of its ongoing enforcement of scrappage rules for outdated vehicles. Traffic officials confirmed that both motorcycles were found operating in violation of the National Green Tribunal (NGT) guidelines, which prohibit the use of petrol vehicles older than 15 years and diesel vehicles older than 10 yea ...Read More >
New Delhi [India], July 1 (ANI): Prime Minister Narendra Modi shared a blog titled "A Decade of Digital India" on his official LinkedIn handle, celebrating 10 years of the Digital India mission. He described how India has transformed from limited internet access and digital services in 2014 to becoming a global leader in digital technology in 2024. Also Read | Lea Seydoux Birthday: Charming Red Carpet Looks to Ogle At (View Pics). PM Modi said that earlier, people doubted if Indians could use ...Read More >
New Delhi: -The rise of social media combined with food delivery apps is significantly changing food practices and consumption patterns in urban India, according to an interesting study by Indian Institute of Technology Guwahati researchers. The study explored how the digitisation of food influences consumer behaviour while simultaneously changing social dynamics such as class, caste, and labour. The findings, published in the prestigious Sociological Bulletin (SAGE Publications) journal, showe ...Read More >
CHENNAI: Domestic power consumers, powerlooms, cottage industries, micro and small enterprises, and small traders will be absolved from the Tamil Nadu Electricity Regulatory Commission's (TNERC) decision to effect a 3.16% tariff hike effective July 1. This follows the State government's decision to fully absorb the hike for these categories. Electricity Minister SS Sivasankar said Chief Minister MK Stalin had directed officials to ensure that small and middle-class consumers are not affected by ...Read More >
Guwahati, June 30: A research by the Indian Institute of Technology (IIT) Guwahati has explored how social media and food delivery apps are transforming food culture in urban India. Conducted by Dr Rituparna Patgiri, Assistant Professor at the Department of Humanities and Social Sciences of IIT Guwahati, the study explored how the digitization of food influences consumer behaviour while simultaneously changing social dynamics such as class, caste, and labour. The findings of the research have ...Read More >
New Delhi, June 28: The government is laying the foundation for a next-generation export ecosystem -- one that is digital-first, logistics-enabled and MSME-inclusive, Moin Afaque, Joint Director General of Foreign Trade (DGFT), said on Saturday. Addressing the India SME Forum's 'MSME Day Conclave 2025' here on creating a robust ecosystem for MSME e-commerce exports, he said that upcoming e-commerce export hubs are inspired by global best practices and will function as single-window zones for log ...Read More >
New Delhi, June 28 (SocialNews.XYZ) The government is laying the foundation for a next-generation export ecosystem -- one that is digital-first, logistics-enabled and MSME-inclusive, Moin Afaque, Joint Director General of Foreign Trade (DGFT), said on Saturday. Addressing the India SME Forum's 'MSME Day Conclave 2025' here on creating a robust ecosystem for MSME e-commerce exports, he said that upcoming e-commerce export hubs are inspired by global best practices and will function as single-win ...Read More >
Inaugurates 'Youth Adda' platform, launches CM Yuva mobile app, unveiled ODOP Common Facility Centre projects Chief Minister Yogi Adityanath on Friday alleged that the previous governments in Uttar Pradesh were too busy fueling caste-based conflicts, which left the youth of the state struggling with an identity crisis. Launching initiatives to promote entrepreneurship during a ceremony in Lucknow to mark World MSME Day, the CM said the past governments not only encouraged caste-based divisions ...Read More >
New Delhi [India], June 27 (ANI): On this MSME Day, entrepreneurs and small business founders across various sectors have come forward to highlight the key challenges they face while running their businesses. The United Nations General Assembly has designated June 27 as 'Micro-Small, and Medium-sized Enterprises Day' to raise awareness of the contributions of MSMEs in the achievement of the United Nations Sustainable Development Goals (SDGs). From the need for better digital infrastructure and ...Read More >
New Delhi [India], June 27 : On this MSME Day, entrepreneurs and small business founders across various sectors have ... New Delhi [India], June 27 : On this MSME Day, entrepreneurs and small business founders across various sectors have come forward to highlight the key challenges they face while running their businesses. The United Nations General Assembly has designated June 27 as "Micro-Small, and Medium-sized Enterprises Day" to raise awareness of the contributions of MSMEs in the achieve ...Read More >
New Delhi [India], June 27 (ANI): On this MSME Day, entrepreneurs and small business founders across various sectors have come forward to highlight the key challenges they face while running their businesses. Also Read | Microsoft Shuts Down Iconic 'Blue Screen of Death'. The United Nations General Assembly has designated June 27 as "Micro-Small, and Medium-sized Enterprises Day" to raise awareness of the contributions of MSMEs in the achievement of the United Nations Sustainable Development G ...Read More >
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee on Friday cut the repo rate by 50 basis points (bps) to 5.50%. This is the third straight rate cut, leading to a cumulative reduction of 100 bps since the easing cycle began in February. As part of the monetary policy decision to support growth, the committee also reduced the cash reserve ratio (CRR) -- the amount of funds that banks need to park with RBI -by 100 bps. However, the rate-setting panel changed the policy stance fr ...Read More >
Mumbai, June 6 (SocialNews.XYZ) Reserve Bank Governor Sanjay Malhotra on Friday said the central bank will raise the Loan-to-Value (LTV) ratio for gold loans to small borrowers of up to Rs 2.5 lakh to 85 per cent from the existing 75 per cent. Speaking at a press conference after the monetary policy meeting, he said the final regulations on gold loans will be announced today or latest by Monday. The increase in the loan-to-value ratio for small loans means that if the gold pledged is worth Rs ...Read More >
New Delhi, June 5: OpenAI, in partnership with the government's IndiaAI mission, on Thursday launched the first international expansion of its education platform, that will help expand access to AI skills training across the country. The initiative, called 'OpenAI Academy India', aims to broaden access to AI education and tools, tapping into India's fast-growing developer community, digital infrastructure, and network of startups and innovators. It will support the IndiaAI Mission's 'FutureSkil ...Read More >
Panaji, Feb 4 (PTI) Goa Chief Minister Pramod Sawant on Tuesday said Union Finance Minister Nirmala Sitharaman has accepted the state's request to continue the scheme for special assistance to states for capital investment in 2025-26 with an outlay of Rs 1.5 lakh crore. Addressing a press conference here, the chief minister analysed the takeaways for the coastal state in the Union budget tabled on February 1. Sawant said, "The Union Finance Minister has accepted our request to continue the sch ...Read More >
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