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As the Pradhan Mantri MUDRA Yojana (PMMY) completes a decade since its launch on April 8, 2015, Prime Minister Narendra Modi marked the occasion by highlighting the scheme’s transformative impact on financial inclusion and grassroots entrepreneurship in India. According to the Prime Minister, over 52 crore loans worth ₹33 lakh crore have been disbursed under the scheme, making it a major success story in India’s developmental narrative. PM Modi described the scheme as an outc
As the Pradhan Mantri MUDRA Yojana (PMMY) completes a decade since its launch on April 8, 2015, Prime Minister Narendra Modi marked the occasion by highlighting the scheme’s transformative impact on financial inclusion and grassroots entrepreneurship in India. According to the Prime Minister, over 52 crore loans worth ₹33 lakh crore have been disbursed under the scheme, making it a major success story in India’s developmental narrative. PM Modi described the scheme as an outc
Karnataka’s Home Minister G Parameshwara has confirmed that a meeting will be held on Wednesday to finalize the draft ordinance designed to protect borrowers from microfinance companies operating in the state. Once the draft is ready, it will be presented to the cabinet on Thursday and sent for approval to Governor Thaawarchand Gehlot.
The ordinance aims to curb the menace caused by microfinance companies, which have been allegedly using aggressive and unethical methods to rec
Karnataka’s Home Minister G Parameshwara has confirmed that a meeting will be held on Wednesday to finalize the draft ordinance designed to protect borrowers from microfinance companies operating in the state. Once the draft is ready, it will be presented to the cabinet on Thursday and sent for approval to Governor Thaawarchand Gehlot.
The ordinance aims to curb the menace caused by microfinance companies, which have been allegedly using aggressive and unethical methods to rec
Indian IT companies are set to benefit from a resurgence in discretionary technology spending, which is expected to lead to incremental revenue growth. After a prolonged downturn, demand is picking up, driven by easing macroeconomic factors such as rate cuts and the new U.S. administration's policies. Key IT players like Tata Consultancy Services (TCS), Infosys, Wipro, and HCLTech have seen a positive shift in discretionary spending across sectors, including BFSI and retail.
Indian IT companies are set to benefit from a resurgence in discretionary technology spending, which is expected to lead to incremental revenue growth. After a prolonged downturn, demand is picking up, driven by easing macroeconomic factors such as rate cuts and the new U.S. administration's policies. Key IT players like Tata Consultancy Services (TCS), Infosys, Wipro, and HCLTech have seen a positive shift in discretionary spending across sectors, including BFSI and retail.
The meeting chaired by Nagaraju Maddirala, Secretary of the Department of Financial Services (DFS), focused on the rapid expansion of India's fintech and startup sectors. Held in New Delhi, the meeting was attended by various key representatives, including those from the Reserve Bank of India (RBI), National Payments Corporation of India (NPCI), the Ministry of Finance's Financial Intelligence Unit, the Ministry of Electronics and Information Technology, and leaders from approximately
The meeting chaired by Nagaraju Maddirala, Secretary of the Department of Financial Services (DFS), focused on the rapid expansion of India's fintech and startup sectors. Held in New Delhi, the meeting was attended by various key representatives, including those from the Reserve Bank of India (RBI), National Payments Corporation of India (NPCI), the Ministry of Finance's Financial Intelligence Unit, the Ministry of Electronics and Information Technology, and leaders from approximately
Switzerland has decided to suspend the Most-Favoured-Nation (MFN) status granted to India, which could result in higher taxes for Indian companies operating in the country. Starting January 1, 2025, Indian companies will face increased withholding tax rates on income such as dividends and royalties generated in Switzerland. The new tax rules will impose a 10% tax on dividends earned by Indian entities.
This move follows a ruling by the Indian Supreme Court in October 2023, which sta
Switzerland has decided to suspend the Most-Favoured-Nation (MFN) status granted to India, which could result in higher taxes for Indian companies operating in the country. Starting January 1, 2025, Indian companies will face increased withholding tax rates on income such as dividends and royalties generated in Switzerland. The new tax rules will impose a 10% tax on dividends earned by Indian entities.
This move follows a ruling by the Indian Supreme Court in October 2023, which sta
