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Pricing flexibility, lower credit cost to help revive NBFC-MFIs profitability this fiscal: Report

Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) are likely to see revival in their profitability in the current fiscal, helped by the flexibility to set lending rates under the new regulatory framework for MFIs and lower credit cost, according to a report. Crisil Ratings said the present rising interest rate scenario is unlikely to impact the profitability …

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PM Narendra Modi to inaugurate 8th Edition of Digital India Week 2022; event to be hosted in Gandhinagar on 7-9 July

Today, Prime minister Naredra modi will launch Digital India week 2022 in GandhiNagar, Gujarat. The first edition of The Digital India Programme was launched on July 1, 2015 by the Prime Minister. The theme for this year is ‘Catalyzing New India’s Techade’. Apart from the Digital India Week 2022 inauguration, the prime minister will also …

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Will recession hit Indian shores in six months? Zee Business Managing Editor Anil Singhvi decodes

Decoding the last six months of 2022 and giving an outlook as well as a view on the remaining six months, Zee Business Managing Editor Anil Singhvi said that the market may continue to be volatile and also likely to trade range-bound with a 10 per cent difference.  In a special show – BetterHalf, the …

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Delhi government monsoon session commences today; salary hike of ministers, MLAs on the cards

The two-day monsoon session of the Delhi Legislative Assembly began on Monday. Kailash Gahlot, Minister of Law, Justice, and Legislative Affairs, will table the bill in the monsoon session.  In the session, the Delhi government is likely to take up the bills related to the salary of the ministers, MLAs, Chief Whip, deputy speaker, and …

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National Apprenticeship Promotion Scheme Latest News: DBT – Govt to directly transfer Rs 1500 per month

The Ministry of Skill Development and Entrepreneurship (MSDE) has announced that National Apprenticeship Promotion Scheme (NAPS) will be a part of Direct Beneficiary Transfer (DBT) scheme, providing direct government benefits to all apprentices.  With the launch of the DBT scheme, the government will directly transfer its contribution to bank accounts of apprentices through National Skill …

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National Pharmaceutical Pricing Authority fixes retail prices of 84 drug formulations

Drug pricing regulator NPPA has fixed the retail prices for 84 drug formulations, including those used for treatment of diabetes, headache and high blood pressure. The National Pharmaceutical Pricing Authority (NPPA) has also fixed the prices of formulations indicated to reduce increased cholesterol and triglycerides levels, among others. In exercise of the powers conferred by …

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DGCA seeks reply from Indigo Airlines as around 56% of flights delayed on Saturday

The Directorate General of Civil Aviation (DGCA) on Sunday sought reply from Indigo Airlines and asked to explain the reason for frequent flight delays, as many as 56 per cent of IndiGo’s domestic flights were delayed on Saturday. The reason for the delay is due to a significant number of cabin crew members took sick …

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Electricity distribution companies’ outstanding dues to power producers rise 4% to Rs 1.32 lakh cr in June – know details here

Total outstanding dues owed by electricity distribution companies (discoms) to power producers rose by 4 per cent year-on-year to Rs 1,32,432 crore in June 2022. Discoms owed a total of Rs 1,27,306 crore to power generation firms in June 2021, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in …

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Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say

The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of the revenue that the government lost when it cut excise duty on petrol and diesel to cool soaring inflation, industry sources said. India on July 1 joined a select league of nations globally that have …

Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say Read More »

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