The decline in the forex reserves came on the back of a fall in foreign currency assets (FCAs), a major component of the overall reserves Read more..
The amendments to the factoring law, which were approved by the Rajya Sabha on Thursday, would enable as many as 9,000 non-banking financial companies (NBFCs) to participate in the factoring market, instead of just 7 now, boosting cash flow to small businesses, finance minister Nirmala Sitharaman said. Read more..
Chief Economic Adviser (CEA) K V Subramanian on Thursday said that rationalisation of GST rate structure is on the government's agenda and it is definitely going to happen. Read more..
The cabinet has approved amendment to the General Insurance Business (Nationalisation) Act, 1972 paving way for privatisation of one state-run general insurer. Read more..
Finance minister Nirmala Sitharaman on Monday introduced the Insolvency and Bankruptcy Code (Amendment) Bill 2021, or IBC, in Lok Sabha aimed at reworking some of the processes to deal with small businesses going belly up. Read more..