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Hopeful of framework trade deal with US this year: Commerce secretary
India anticipates a trade deal with the US this year, aiming to resolve tariff issues for its exporters. Commerce Secretary Rajesh Agrawal highlighted that while a full bilateral agreement will take longer, this framework deal is a crucial first step. Meanwhile, India is actively pursuing trade pacts with around 50 countries and blocs globally.
RBI tells MFIs: Time to focus on borrowers’ income stability
The RBI has urged microfinance institutions to move beyond basic access and focus on long-term income stability and formal credit pathways for borrowers. Deputy Governor Swaminathan J emphasized responsible conduct, highlighting five key priorities including household-level credit decisions and tech-enabled underwriting.
RBI replaces 9.5k circulars with 244 master directions
The Reserve Bank of India has undertaken a massive overhaul, consolidating over seven decades of regulations into 244 master directions. This significant move eliminates 9,446 circulars, simplifying compliance for lenders and enhancing ease of doing business. The reform aims to clarify rules, including a new digital banking directive requiring explicit consent and transaction alerts.
Cowboys vs. Chiefs: Dallas exposes critical problems that could impact Kansas City’s playoff run
The Dallas Cowboys delivered a harsh reality check to the Kansas City Chiefs, exposing their undisciplined play and injury woes. Dak Prescott’s strong performance and a crucial fourth-down touchdown sealed the win, while costly penalties plagued the Chiefs. Kansas City now faces a critical juncture, needing immediate improvement to salvage their playoff hopes.
NCLT nod for 1,950 crore settlement in NSEL fiasco
The National Spot Exchange NSEL fiasco is nearing its end. NCLT Mumbai approved a Rs 1,950-crore settlement between NSEL, its promoter 63 Moons, and traders. This marks the final settlement round. Traders with smaller dues received full payment earlier. Those with larger outstanding amounts will now receive approximately 42% of their dues, pending for over…
Economy likely to top $4 trillion mark in FY26: CEA
India’s economy is projected to grow at 7% or higher this financial year, surpassing the $4 trillion mark. This upward revision, exceeding previous estimates, is driven by strong performance in agriculture, manufacturing, and services, bolstered by healthy demand, low inflation, and tax cuts. Improved price dynamics and tax reforms are expected to boost disposable incomes,…
‘De De Pyaar De 2’ box office collection day 15: Ajay Devgn and Rakul Preet Singh’s rom-com hits its LOWEST single-day earning yet; mints just Rs 85 lakhs
De De Pyaar De 2, starring Ajay Devgn and Rakul Preet Singh, has crossed Rs 60 crore at the domestic box office but saw a significant drop in collections, falling below Rs 1 crore on its fifteenth day. The film’s third week is experiencing a slowdown due to new releases, with its lowest single-day collection…