The report by NITI Aayog & TransUnion Cibil was released Monday. It said the data highlights a positive shift in financial behaviour & growing financial awareness among women.
Central bank has set out norms on how to identify wilful defaulters and penal provisions associated with them to maintain 'the integrity of the financial system'.
Companies are borrowing more from banks and public. Economists say high capacity utilisation & growing new orders could set stage for renewed investment push by India Inc.
By Nikunj Ohri and Dharamraj Dhutia (Reuters) - The Indian government's borrowing for April-September is likely to be between 55% and 58% of its gross borrowing target for next fiscal year, two
Centre plans to borrow Rs 5.92 lakh crore in October-March period, compared with Rs 8.29 lakh crore of borrowing in the first half of the fiscal year that will end on September.
The cut in excise duty last week, coupled with an increase in fertiliser and food subsidies, is expected to cost the exchequer around Rs 3 lakh crore in the current financial year.
An underestimated growth projection could give Modi govt more spending room, while initiatives to improve NPA recovery could prove crucial for India's financial sector.
Finance ministry statement says Andhra & Madhya Pradesh have completed three of the four reforms proposed by Modi govt, which makes them eligible for incentives offered by it.
The RBI has assured both the market and government of creating comfortable liquidity conditions so that private and government borrowing are not hampered.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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