During the financial year 2024, a total of 27.4 million MSME loans were sanctioned, amounting to Rs 54.2 trillion. This marks a growth of 19.3% in volume and 5.4% in value. Individual MSMEs recorded a Y-o-Y growth of 12.6% in the value of originations and a 19.4% increase. India’s micro, small, and medium enterprises (MSME) […]
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In May, The Indian Express reported that India’s labor-intensive sectors such as textiles, leather, gems and jewelry, and marine products are experiencing a sharp decline. Jobs in India generated directly and indirectly connected to international trade have declined over the last decade, the World Bank said, adding that the country has missed out on the […]
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AlphaVision Management Consultant LLP, under the visionary leadership of Akhil Jain, is poised to revolutionize the financial consulting sector with its landmark IPO and innovative service offerings. As the company prepares to make its mark on the public markets, it stands at the forefront of providing comprehensive solutions that cater to the dynamic needs of […]
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Gross GST collections were Rs 1.74 lakh crores in August, a year-on-year growth of 10%, and net collections (after refunds) were Rs 1.5 lakh crores, up 6.5%. Even though consumer goods imports are a major part of the inward shipments, the rise in imports of industrial raw materials and intermediate goods also contributed to the […]
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A foreign national applied for an OCI card based on her marriage to an Indian citizen, but her application was rejected as her estranged husband was not present. While her petition was upheld by the Delhi High Court, the Supreme Court ruled that the Indian spouse’s physical or virtual presence was mandatory under Section 7-A(d) […]
Continue ReadingThe HSBC India Services Business Activity Index, or services PMI, stood at 60.9 on resilient demand amid easing inflationary pressures, data released by S&P Global showed. India’s services activity rose at a five-month high in August. The services PMI was up from 60.3 in July and the headline figure indicated the strongest rate of expansion since March […]
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