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Strategic Investment Plans (SIPs) of nine states, including Rajasthan, West Bengal and Gujarat, that seek to bring down the cost of compliance and improve access to credit for micro, small and medium enterprises there, a government official told ET. «A total of Rs 713 crore has been approved for these nine SIPs,» the official added. SIPs of Meghalaya, Chandigarh, Tripura, Nagaland, Uttarakhand and Himachal Pradesh also received go-ahead on Wednesday. So far, 25 states and union territories have submitted SIPs to the ministry of micro, small and medium enterprises since the roll out of the scheme in 2022. Tamil Nadu, Karnataka and Maharashtra were the early states to submit SIPs, while Arunachal Pradesh, Chhattisgarh, Jharkhand and Manipur are yet to submit their SIPs.

Centre sends to states through the single nodal agency (SNA) will happen within a day from April 1, eliminating the need to park it outside the government account for more than 24 hours. The SNA account is used for transferring funds to states for centrally sponsored programmes and there are timelines for the expenditure. The settlement of unspent money currently happens on a quarterly or monthly basis. The Department of Expenditure and the Reserve Bank of India are working together to upgrade the SNA system to settle the unused amount by the states in real time, which will also eliminate disputes over the payment of interest earned on such unspent funds lying in state SNAs, officials in the know said. The government and the banking regulator have already launched a pilot project in five states and will implement it across India from April 1, they said.

The Bank of Canada held its key overnight interest rate at five per cent Wednesday, with governor Tiff Macklem declaring it’s “still too early” to consider lowering the policy rate.

Canadians don’t seem as reluctant to return to the office these days, but they still have some beefs about the way their on-site workspaces are set up.

The Bank of Canada held its benchmark lending rate at five per cent on Wednesday and gave little away in its official statement for when it might be ready to start cutting.

Also Read: US sanctions threaten Russian oil sales to India; complicate process for OMCs to secure annual deals: Report Oil has found support in 2024 from rising geopolitical tensions and Houthi attacks on Red Sea shipping, although concern about economic growth has weighed. While OPEC+ was widely expected to keep the cuts in place, Russia's announcement could bolster prices further. -Boost crude oil prices: The oil supply cuts first announced in 2023 as part of an agreement among oil producers to boost prices following economic uncertainty.

MUMBAI : Public-sector bankers who would hang up their boots at the end of a long career are increasingly joining boards of private-sector banks, which are welcoming these experienced hands to help navigate a demanding compliance landscape. To a smaller extent, state-run banks are also seeing a similar influx from the private sector, as they seek complementary skills to compete better for customers. Boards of several top private banks are led by former public-sector officials, either from the Reserve Bank of India (RBI), or the civil service.

demand a law to fix a Minimum Support Price (MSP) for their crops, in addition to other concessions including the waiving of loan. However, farmers suspended their march after violence and clashes between farmers and Delhi police were reported at borders on February 24. Farmers then planned to resume their protest on Wednesday, March 6, urging farmers across India to head for Delhi by bus and train since their tractors had been blocked.

About half of Medicare Advantage members left their plans by the end of five years, according to a study published in 2023

Gas prices regularly fluctuate

OpenAI has attacked a lawsuit from Elon Musk, saying he supported making the ChatGPT maker a for-profit company

OTTAWA — The parliamentary budget officer is projecting inflation will return to the Bank of Canada’s two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.

Haier is «buoyant» about the fast-growing Indian market where it aims to become the second largest player in the next five years, with increased investments in manufacturing and product portfolio expansion, the company's India President N Satish said on Wednesday. Haier Appliances India, a part of the Chinese multinational Haier Group, is investing around Rs 800 crore on capacity expansion here this year, and has also lined up future expansion plans, he said. The company is also increasing indigenisation, which is a key «thrust area» for the company, where it expects local souring to contribute up to 80 per cent across products in next two years. Haier India is also increasing exports from its Indian operations to other countries and is scouting for new markets in the Middle East and African countries, besides expanding its retail business in the domestic markets.

said, "...many things come to our minds whether we should repeat such a mission or bring samples or will we do a type of mission different from what others did. This question is still being debated and discussed." ALSO READ: Chandrayaan 3: What is India's mission to moon? Why is it important? Sonamath explains how the next lunar mission will be more challenging than Chandrayaan 2 and 3: 1. Somanath said there's a need for multiple launchers for this mission.

It’s been four years since the world went into lockdown amid Covid, and although restrictions and mandatory remote work are over, people still want to meet remotely with financial advisors.

Coal India, 360 One Wam , Gujarat State Fertilizers & Chemicals Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Limited, Oil and Natural Gas Corporation , Tech Mahindra, PTC India, ITC , Power Grid Corporation of India , Oil India are amongst top 10 dividend yield picks of Religare Stock Broking. The dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price. Dividend yield of 3-5% or more is considered to be good.

cricket was overshadowed by a family crisis. This significant achievement came during his 100th Test match, a moment that should have been purely celebratory. Instead, the joy was cut short.

ICICI Prudential Life Insurance, said, “The launch of our new brand campaign “Zimmedari lagey pyaari" showcases responsibility as an ‘Expression of Affection’ and marks a milestone in reshaping the life insurance narrative. The underlying thought of the campaign is to reposition life insurance as equipping individuals to fulfill their responsibility." Bagchi added, “Our comprehensive suite of term insurance, long-term savings, and retirement solutions coupled with our philosophy of the right product to the right customer plays a pivotal role in enabling our customers to provide financial security to their families and fulfill their responsibility." Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance, said, “We believe fulfilling responsibilities towards loved ones is a profound commitment, reflecting love and care.

rural India, Sharmila Yadav always wanted to be a pilot and is now living her dream remotely, flying a heavy-duty drone across the skies to cultivate the country's picturesque farmlands. Yadav, 35, is among hundreds of women trained to fly fertiliser-spraying aircraft under the government-backed «Drone Sister» programme. The scheme aims to help modernise Indian farming by reducing labour costs, as well as saving time and water in an industry hamstrung by its reliance on outdated technology and growing climate change challenges.

CSK captain Mahendra Singh Dhoni discussed the excitement of having players from diverse backgrounds in one team, making the IPL a captivating tournament and giving him the chance to familiarize himself with overseas players. Reflecting on the 2008 CSK team, Dhoni highlighted the wealth of experience brought by renowned players like Matthew Hayden, Mike Hussey, Muttiah Muralitharan, Makhaya Ntini, and Jacob Oram. He emphasized the challenge of bringing together such a talented group and fostering camaraderie within the dressing room. Dhoni stressed the importance of understanding each player individually as a leader, citing how familiarity with their strengths and weaknesses facilitates cohesive teamwork. With five IPL titles under his captaincy, Dhoni's leadership philosophy has proven successful.