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PM Modi Advocates ‘Sahkar Se Samruddhi,’ Pushes For Cooperative Growth & Global Partnerships In Key Sector Review

New Delhi, Mar 7 (KNN) Prime Minister Narendra Modi chaired a high-level meeting today at 7 Lok Kalyan Marg to assess the progress of India’s cooperative sector. The discussions centered on promoting the “Sahkar Se Samruddhi” (Prosperity through Cooperation) initiative, leveraging technology for sectoral transformation, and enhancing participation of youth and women in cooperatives. During...
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Weak Demand, Delays, and Project Cancellations Threaten India’s Renewable Energy Sector, Says IEEFA Report

New Delhi, Mar 7 (KNN) India’s renewable energy sector is encountering significant obstacles that may impede its ambitious clean energy goals, according to a report released Thursday by the Institute for Energy Economics and Financial Analysis (IEEFA). The challenges include weak demand for tenders, delays in power purchase agreements, and project cancellations. Despite issuing a...
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RBI Governor Engages Fintech Leaders, Unveils Plans For Unified Lending Interface

New Delhi, Mar 6 (KNN) Reserve Bank of India (RBI) Governor Sanjay Malhotra met with representatives from fintech firms, payment system operators, industry associations, and self-regulatory organisations, emphasising the importance of responsible innovation and regulatory compliance, particularly for entities new to the regulatory framework.  The central bank described this interaction as part of its ongoing...
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RBI Announces Rs 1 Tn Bond Purchase, USD 10 Bn FX Swap To Address The Liquidity Crunch

New Delhi, Mar 6 (KNN) The Reserve Bank of India (RBI) unveiled new measures on Wednesday designed to alleviate the persistent liquidity constraints affecting the banking system.  These initiatives include the purchase of government bonds through open market operations (OMO) and foreign currency swaps, implemented following “a review of current and evolving liquidity conditions,” according...
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Global Headwinds Make Realization Of $2 Tn Trade Target Challenging: DGFT

New Delhi, Mar 5 (KNN) Indian exports are confronting significant challenges amid increasingly aggressive trade policies from major international partners, according to senior trade ministry officials.  In a candid assessment, Santosh Sarangi, head of the Directorate General of Foreign Trade (DGFT), emphasised the critical need for a comprehensive review of India’s trade and industrial strategies...
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