SIDBI and Federal Bank Collaborate to Enhance MSME Financing Introduction The Small Industries Development Bank of India (SIDBI) and The Federal Bank Limited (FBL) have entered into a strategic partnership aimed at bolstering financial support for Micro, Small, and Medium Enterprises (MSMEs) in India. This collaboration seeks to strengthen the MSME ecosystem by offering a…
Bhagalpur: The Silk City of India Exploring Bhagalpur’s Rich Silk Heritage Introduction Bhagalpur, a city nestled along the banks of the Ganges River in Bihar, India, is affectionately known as the “Silk City of India.” This title stems from its illustrious history and enduring legacy in silk production, particularly the renowned Bhagalpuri silk. The Legacy…
Centre Proposes Reducing States’ Share of Central Taxes from 41% to 40% by 2026: Impact & Analysis The Indian government is proposing to reduce the share of central tax revenues allocated to states from the current 41% to at least 40%, starting from the fiscal year 2026-27. This recommendation will be submitted to the Finance…
Surge in GST Collections: February 2025 Sees 9.1% Increase to ₹1.84 Lakh Crore Introduction In February 2025, India’s Goods and Services Tax (GST) collections experienced a significant boost, reaching ₹1.84 lakh crore. This 9.1% year-on-year increase underscores the nation’s economic resilience and the effectiveness of its tax policies. Breakdown of GST Components The total GST…
Karnataka Bank Marks 100 Years with New Product Launches Karnataka Bank Celebrates a Century of Excellence Karnataka Bank, one of India’s leading private sector banks, has marked its 100th anniversary with a grand celebration and the launch of new banking products. The centenary event was held in Mangaluru, where the bank’s officials, stakeholders, and customers…
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