Mr. Manoj Mittal – Chairman & Managing Director – SIDBI inaugurated the INDIA SME BANKING SUMMIT on 17th December 2024 at Mumbai organized by SME Chamber of India. Others (L to R) Mr. Maheshkumar – Director, SME Chamber of India, Mr. Chandrakant Salunkhe – Founder & President – SME Chamber of India and Federation of […]
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The value of MSME exports from April to November in the current fiscal year reached Rs 12.39 lakh crore, surpassing the Rs 8.55 lakh crore recorded for the entire FY23. The number of MSMEs exporting goods till November was 1.73 lakh, compared to 1.53 lakh in FY24 and 1.21 lakh in FY23, according to data […]
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More than 1.7 million employees have opted for a higher pension under the Employees’ Pension Scheme (EPS-95) following a landmark Supreme Court ruling. The ruling allows eligible employees to contribute to the scheme based on their actual salary, rather than a fixed cap. The EPS-95, a social security scheme for organized sector employees, has traditionally […]
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Highlights: Major Schengen Visa Policy Changes in 2025 • The European Union will implement significant updates to Schengen visa policies in 2025. • Greece’s Golden Visa Program will be expanded with new investment opportunities. • Romania and Bulgaria will join the Schengen Member States on January 1, 2025. • The EU will launch the Entry/Exit […]
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A recent study by Paisabazaar reveals that over 70% of MSMEs and self-employed individuals seek loans for immediate financial needs, primarily for working capital, raw materials, and debt consolidation. Less than 30% apply for loans aimed at growth initiatives such as marketing, machinery upgrades, or office expansion. Metro cities like Delhi NCR and Mumbai lead […]
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Overview The United Arab Emirates has introduced a simplified visa-on-arrival policy for Indian tourists. This initiative aims to boost tourism and improve accessibility for Indian nationals, ensuring a streamlined travel experience. Key Features and Eligibility Indian passport holders can now avail of a 60-day visa on arrival with multiple entries, eliminating the need for prior […]
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Switzerland has suspended the Most Favoured Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India. This move is expected to impact Swiss investments in India and increase tax burdens on Indian companies operating in Switzerland. The Swiss finance department, in its December 11 statement, cited a 2023 Indian Supreme Court ruling as […]
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The Reserve Bank of India (RBI) has issued new rules regarding CIBIL scores. Under the new rules, banks must inform customers of their CIBIL score and the reasons for any loan rejection. Additionally, banks must provide customers with free online access to their credit score once a year. Key Points: Banks must inform customers of […]
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Indian travelers may soon enjoy visa-free access to Russia, with this arrangement potentially launching by spring 2025. Discussions between Russia and India in June focused on a bilateral agreement for visa-free group tourist exchanges. Currently, Russia offers similar programs to citizens of China and Iran, which have proven successful since their launch in August 2023. […]
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RBI Updates Rules for Personal Loans In today’s inflation-driven economy, personal loans have become a common way to meet financial needs. While they are easily accessible, even a single missed or delayed installment can lead to serious consequences. Impact on Credit Score Personal loans are approved based on credit scores. Missing an installment can harm […]
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