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About 1.1 crore MSME accounts (45% of total MSME portfolio) will be eligible to get benefit from the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. with per account an average additional credit flow of ₹2 to 2.3 lakh, said SBI Research in a report. Stating that the ECLGS 5.0 is particularly going to benefit the…
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‘The complexities involved in the issue of inequality in India warn us that policies formulated on the presupposition of lower disparity could be misleading’ | Photo Credit: Getty Images/iStockphoto There have been some significant policy changes in the recent past — this includes the implementation of the new Labour Codes and the Viksit Bharat-Guarantee for…
Read More “Understanding inequality in India’s growth story” »
Securities and Exchange Board of India (SEBI). File Securities and Exchange Board of India (SEBI) specified that a Benchmark or Index that mutual fund tracks is ‘significant index’ if it has an AUM beyond ₹20,000 crore, in a circular released 6 May 2026. The threshold will be tested every six months, the capital market watchdog…
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A part of Reliance Industries’ 33 million tonnes per annum refinery would be heading for planned maintenance shutdown after Nayara Energy’s Vadinar refinery returns to operations, Sujata Sharma, Joint Secretary at the Ministry of Petroleum Ministry told reporters Wednesday at the inter-ministerial briefing on the situation in West Asia. “Right now, Nayara [Energy’s] refinery is…
In the international market, crude prices fell sharply, with Brent oil for the July contract plummeting $11.57, or 10.53%, to $98.30 per barrel. | Photo Credit: Reuters Crude oil price slumped over 11% to ₹8,588 per barrel in futures trade on Wednesday (May 6, 2026), tracking sharp losses in global benchmarks amid signs of a…
Read More “Crude oil futures slump over 11% to ₹8,588/barrel; Brent slips below $100” »
Image used for representational purpose only. | Photo Credit: Getty Images/iStockphoto Electric passenger vehicle sales in India grew by 75.14% at 23,506 units in April 2026 as compared to 13,421 units in the same month last year, Federation of Automobile Dealers Associations (FADA) said on Wednesday (May 6, 2026). Tata Motors Passenger Vehicles Ltd. led…
The MT Desert Kite tanker carrying Russian oil seen at Narara Marine National Park in the Arabian Sea, Gujarat, on March 11 , 2026. Image for representational purposes only. | Photo Credit: Reuters The West Asia crisis and the resultant supply constraints have meant that not only has Russia’s share in India’s oil imports jumped…
Merchandise exports grew 0.93% to $441.78 billion in the last fiscal year from $437.70 billion in 2024-25, the data showed. File photo for representational purposes only. | Photo Credit: The Hindu The country’s goods and services exports rose 4.6% to an all-time high of $863.11 billion during 2025-26, up from $825.26 billion in 2024-25, despite…
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Benchmark Sensex rallied by 940 points on Wednesday (May 6, 2026) following a sharp decline in crude oil prices after U.S. President Donald Trump claimed progress in negotiations with Iran towards an agreement to end the war. Helped by fag-end heavy buying, the 30-share BSE Sensex jumped 940.73 points, or 1.22%, to settle at 77,958.52….
Forex traders said that with the Indian rupee facing severe pressure, the Reserve Bank of India (RBI) is also actively pursuing a “non-direct” strategy to support the currency. | Photo Credit: Reuters The rupee appreciated 61 paise to close at 94.57 (provisional) against the U.S. dollar on Wednesday (May 6, 2027), as Brent crude prices…
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