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Services Sector Growth Touches 3-Month High in September
India's services sector experienced its strongest growth in three months in September, with the HSBC India Services PMI Business Activity Index rising to 55.2, driven by a sharp increase in new orders and strengthening domestic demand.
Democratising Tech: PM Modi's Push For Digital Inclusion
Prime Minister Narendra Modi emphasised the democratisation of technology to ensure no section of society is left behind, advocating for affordable and accessible digital services, especially for the Global South. He highlighted the potential of Digital Public Infrastructure (DPI) and called for solutions to cyber fraud, global standards for emerging tech, and mechanisms to identify AI-generated content during his interaction with GSMA board members.
Hinduja Tech names Faiz Ahmad as CEO
Relief for Monster Energy, PepsiCo in FSSAI energy drink case
Delhi High Court has granted a stay on the Food Safety and Standards Authority of Indias orders related to energy drinks. The court found that FSSAI's orders lacked proper procedures including the issuance of show-cause notices. Both Monster Energy India and PepsiCo India Holdings argued that not following due process would lead to significant financial losses.
The Supreme Court held that the stepmother acquired an interest in her deceased husband's share under the Hindu Women's Rights to Property Act, 1937.
Govt looks to widen coverage of Index of Services Production, invites feedback
MoSPI began compiling the ISP on a monthly basis for the formal services sector on a trial basis in July 2026. The exercise uses 2024-25 as the base year and was designed to provide a higher-frequency measure of services-sector performance.
The Election Commission of India refused to meet a delegation of 240 MPs led by Rahul Gandhi. This decision followed a day of protests in the national capital against the Chief Election Commissioner. Congress leaders, including Rahul and Priyanka Gandhi, were detained during the protests. The Commission stated that no formal meeting request had been submitted by the deadline.
OpenAI to watermark ChatGPT text in EU under AI Act rules
OpenAI, a signatory to the EUs AI-content code alongside Google, Anthropic, Meta, Microsoft and Mistral, will watermark ChatGPT text in the EU; tests show the watermark can weaken sharply after editing
NASSCOM proposes structural rationalisation of GST norms for Head-to-Branch Office transactions
NASSCOM asked to delete the new definition of export that excludes services between establishments
Donald Trump calls mail-in voting dishonest, so why is he urging Republicans to use it?
The Trump administration sought to introduce new US Postal Service requirements ahead of the midterm elections. The proposal called for special envelopes and barcodes linked to individual voters. States would also have been required to submit voter information through a federal portal.
'They blocked me thats not America': Ramaswamy recounts tense encounter with Amy Acton in Ohio
Middle Eastern oil exports have significantly recovered as shipping companies navigate a complex transport network. While conventional methods remain risky, alternate routes are being utilized to ensure continuous oil movement. Oil producers are adjusting strategies, relying on pipelines and offshore transfers to circumvent dangerous waters. The shipping process has become more expensive due to increased insurance and higher freight rates.
Virat Kohli and Anushka Sharmas house in Alibaug is not just breathtakingly beautiful but also made to foster intimate family relationships and has no television. The home costs a whopping Rs 32 crore and is built on a vast 10,000-square-foot plot.
Large & mid-cap mutual funds have delivered varying returns in 2026. We compare the top performers across YTD, 3-year and 5-year periods and examine whether consistent performers also carry higher beta, offering investors a closer look at returns alongside market sensitivity.
GST Council to deliberate on five focus areas to further ease of doing business
Apart from a few minor adjustments, tax rate changes are not on the agenda.
IRDAI reforms may cause 70% revenue fall, 10 lakh job losses: Brokers
The Insurance Brokers Association of India (IBAI) has warned that the IRDAI's proposed overhaul of insurance distribution practices could lead to a 70 per cent fall in revenues for intermediaries and result in 10 lakh job losses, citing concerns over the tight feedback deadline and the global uniqueness of the proposed architecture.
Nithin Kamath revealed that Zerodha's youngest customer is just 28 days old. Check how to set up a minor account online.
Flexi staffing employment rises 2.6% in Q1FY27, manufacturing leads
India's formal flexi staffing workforce reached 1.95 million in Q1FY27, up 7.5 per cent year-on-year, as manufacturing and consumer-facing sectors drove hiring
Cabinet approves new authority to integrate Indias transport, logistics planning
The Union Cabinet has approved setting up the Integrated Transport & Logistics Authority (ITLA), an SPV to coordinate transport and logistics planning, project appraisal, monitoring and data analytics. ITLA will prepare a long-term National Transport Master Plan, assess projects costing Rs500 crore or more, and promote multimodal infrastructure development.
Centre plans faceless assessment for GST payers, to begin with assessees under central formulations
Industry experts see benefits for multi-state enterprises, exporters and large manufacturers
John Distilleries surpasses Rs 10,000 crore revenue in FY26; Sazerac become majority shareholder
In FY26, John Distilleries Ltd demonstrated remarkable growth, achieving a revenue of Rs 10,820.10 crore and a net profit of Rs 11.6 crore, marking an increase from the previous year. The recent acquisition of a 66 percent stake by Sazerac has positioned it as the majority owner, replacing Paul John Fund LLC. Renowned for its acclaimed Paul John single malt whisky and Original Choice whisky, the company continues to thrive.
Centre weighs revival of ATF price stabilisation scheme amid fare pressure
Framework may be reworked with airline and OMC inputs after earlier 10,000-crore scheme lapsed
The civil aviation ministry requested Adani Airport Holdings Ltd to postpone the planned flight transition to Navi Mumbai. Airlines have opposed the proposed reduction of international flights to this new airport. Civil Aviation Secretary Samir Kumar Sinha chaired a meeting to discuss the transition plan with various stakeholders. Subsequent discussions between airlines and Adani Airports are scheduled to take place on October 13 and October 20.
A significant number of turtles have been rescued from a river in New Jersey, sparking urgent rehabilitation efforts. The rescued turtles include native Eastern box turtles alongside non-native three-toed box turtles. As winter nears, unique facilities are being set up to support the turtles through their brumation phase. Meanwhile, investigations are underway to track down the individuals responsible for their dumping, as conservationists strategise on potential release plans.
Can a married daughter be denied inheritance rights? Here's what Himachal Pradesh HC ruled
The judgment highlights the distinction between applying for a fresh government land grant and inheriting rights arising from an existing grant.
SunBridge BioEnergy starts commercial production at Rs 350 crore ethanol plant
SunBridge BioEnergy Ltd has started commercial production of fuel-grade ethanol at its Seoni facility. This facility, with an investment of Rs 350 crore, has a daily production capacity of 300 kilolitres. The company also plans to increase its capacity by setting up another facility in Raipur, Chhattisgarh. SunBridge BioEnergy utilizes damaged food grains such as maize and broken rice for ethanol production.
Real estate investment for NRIs: Why you shouldn't treat your property in India as passive asset
NRIs must navigate complex requirements when selling Indian real estate, including banking protocols and tax obligations. Properties require ongoing attention, management and budgeting to address potential issues.
'Don't Push Me For Non-Veg...'
How India's Jumbo King Is Taking On McDonalds And Burger King Without Selling Chicken Burgers.
Proposal to scrap GST officers' arrest powers based on 'trust'; states likely to back move: Sources
The 57th meeting of the GST Council, to be chaired by Union Finance Minister Nirmala Sitharaman and comprising state finance ministers, will on October 8 deliberate significant changes to the GST enforcement framework, including removing the arrest powers of GST officers.
Apple Watch Ultra 4 review: Who really needs to upgrade?
The Apple Watch Ultra 4 is a meaningful upgrade mainly for users coming from older Apple Watches or the original Ultra, offering better battery life, a redesigned sensor system, brighter 3,000-nit display, new health features and the S11 chip. However, Ultra 2 and Ultra 3 owners have little reason to rush, as many core features remain similar and software support continues.
Finmin asks pvt banks to increase participation in govt's financial inclusion schemes
The Finance Ministry on Tuesday asked private sector banks to step up participation in financial inclusion schemes, including PMMY and Stand Up India. Financial Services Secretary Sanjay Lohiya urged banks to support the upcoming saturation campaign, expand digital outreach, improve loan processing, strengthen insurance claim awareness and address grievances.
Delhi airport master plan targets 125 mn passengers; APM to link terminals, aerocity
Pier E expansion at T3, additional aircraft stands and road upgrades form part of the development roadmap to 2036
Gold falls 26% from January peak, silver deficit persists: How should mutual fund investors respond?
Gold has corrected 26% from its January peak, raising questions for ETF investors. Strong central-bank demand, stabilising ETF flows, and geopolitical and fiscal risks continue to support gold, while silver faces a supply deficit. Heres what investors should know before adding exposure.
World Bank lifts India FY27 growth view to 7.1% on robust domestic demand
World Bank raises India's FY27 growth forecast to 7.1 per cent from 6.6 per cent but flags risks from high oil prices, El Nio and capital flow volatility
India growth may slip below 7% in second half, still average 7.2%: Sabnavis
The economist sees 7.57.6% growth in the second quarter and puts the longer-term potential at around 8%
India in top 10 leading emerging-market performers on AI readiness, says World Bank
The World Bank on Tuesday said that India is well positioned to harness AI with the help of its large technical workforce
Rajnath launches first Fleet Support Ship, lays keel of FSS-5 at Hindustan Shipyard
The Defence Minister stated that the Fleet Support Ship programme would strengthen the Navys reach, endurance and operational effectiveness in the Indian Ocean Region
A bizarre competition in Japan revently turned falling asleep into a race, with a prize of more than Rs 12 lakh for the winner. Called the Matt Race, the Tokyo contest gave participants up to 90 minutes to sleep while their rest was tracked using monitoring devices. But speed alone did not decide the winner because the contestants were judged on how quickly and soundly they fell asleep.
Hrithik Roshans fans cant wait to see Bollywoods Greek God in Rajinikanths upcoming film Jailer 2. A poster shared by his body double, Mansoor Khan, revealed if what the trailer hinted at was true or not.
Brian May's vision, dubbed May's Wood, has transformed agricultural fields in Dorset into a vibrant woodland sanctuary, significantly improving local biodiversity. Over ten years, an impressive 100,000 trees and shrubs have been introduced, fostering new wildlife habitats. This initiative not only links existing ecosystems but also promotes the flourishing of varied plant and animal life.
India's richest families invest crores in green energy: Want to join in? Here are your options
Wealthy Indian families are investing in green energy sectors such as solar and wind, with Gautam Adani spearheading the trend. Investment opportunities include stocks, mutual funds and solar panel installations.
Dabur expects double-digit Q2 revenue growth on strong India FMCG, overseas demand
Dabur India expects consolidated revenue to grow in double digits in the September quarter, supported by strong performance across its India FMCG portfolio and sustained international growth. Rural demand outpaced urban markets, while e-commerce and quick commerce remained strong. Higher input costs, however, weighed on operating margins during the quarter.
IMD: Heavy rain over TN, Kerala, Odisha, Madhya Pradesh & Karnataka
IMD expects to see evolving Bay of Bengal circulation to intensify as a low-pressure area, or even depression, by October 15, which is the normal date of onset for North-East monsoon
Travel insurance: High sum insured may not cover all medical costs; check these sub-limits
Travel insurance: Insurers may place separate caps on expenses such as hospital room rent, intensive care unit (ICU) charges, surgery, doctor consultations, diagnostic tests and ambulance services.
Max Estates sales bookings surge over 13-fold to Rs 2,100 crore in Q2
Max Estates reported a sharp rise in sales bookings to Rs 2,100 crore in the July-September quarter, up from Rs 156 crore a year ago, driven by strong housing demand. The realty firm recorded Rs 3,200 crore in pre-sales in the first half and plans major residential launches across Noida and Gurugram.
India Among Top 10 Emerging Markets in AI Readiness, Private Investment Triples
India has secured a spot among the top 10 leading emerging-market performers in artificial intelligence (AI) readiness, with private investment in AI more than tripling to USD 4.1 billion in 2025, according to a new World Bank report.
Vehicle registrations up 32% on-year in September
As per data collated by Federation of Automotive Dealers Associations (FADA), passenger vehicles, two-wheelers and commercial vehicles retails rose 33%, 32% and 38%, respectively in the month under review.
Union Cabinet approves 10,000-cr SME growth fund to boost manufacturing
The SME Growth Fund was first mentioned in Union Budget 2026, when Finance Minister Nirmala Sitharaman had spoken about it as a means to incentivise enterprises based on select criteria
Centre plans faceless CGST scheme in 3-4 months, seeks to cut taxpayer-officer interface
The Centre plans to launch a pilot faceless scheme under the Central Goods and Services Tax. The aim of the scheme is to reduce direct interactions between taxpayers and tax officers significantly. Cases will be assigned using technology, including artificial intelligence and data analytics for efficiency. This new framework draws on the existing faceless system used by the Income Tax Department.
Discoms in Delhi to offer temporary electricity connections within 24 hours in festival season
Power discoms in New Delhi have initiated a 'Tatkal' service for temporary electricity connections during the festive season. This service aims to assist event organizers, including those for Durga Puja, Ramlilas, and weddings. Consumers can apply for these connections online through various platforms provided by the discoms. Arrangements have been made to ensure connections are delivered within 24 hours, subject to certain conditions.
Sensex surges 685 points, Nifty reclaims 22,750 ahead of RBI policy outcome
The Sensex rose 685.34 points, or 0.95 per cent, to settle at 73,067.81, while the Nifty advanced 220.35 points, or 0.98 per cent, to close at 22,776.10.
South Peninsula rain holds up monsoon withdrawal
IMD expects to see evolving Bay of Bengal circulation to intensify as a low-pressure area, or even depression, by October 15, which is the normal date of onset for North-East monsoon
Delhi Airport to get Rs 3,500 crore transit system by 2030, connecting all terminals
Indira Gandhi International Airport aims to implement an Automated People Mover system to connect terminals by 2030. The system will cost approximately Rs 3,500 crore and stretch over 7.3 kilometers. It will facilitate easier travel between Terminals 1, 2, and 3 while enhancing overall passenger capacity. This project is part of a ten-year master plan expected to raise annual handling capacity to 125 million.
Govt may consider ATF price stabilisation fund for airlines amid soaring fuel costs
Amid increasing jet fuel prices, the Indian government is exploring options to stabilize aviation turbine fuel costs. The discussions involve airlines and oil marketing companies due to the impact of geopolitical tensions. Recently, IndiGo announced a rise in fuel surcharges for their flights resulting from volatile ATF pricing. The Federation of Indian Airlines requested a review of the jet fuel pricing formula to alleviate financial pressure.
A corporate career advisor has urged employees to stop treating paid and sick leave as something to be used only after they become seriously ill. Avreen argued that exhaustion and burnout are valid reasons to step away from work and said unused paid leave is effectively like leaving your salary on the table.
OpenAI is rolling out invisible text watermarking for eligible ChatGPT and Codex output in the European Union, allowing its detector to look for a statistical signal hidden in the model's word choices. The technology can identify many longer passages, but OpenAI says editing, translation, short text and technical subjects can weaken detection. The system also cannot establish who wrote a passage, how much a human contributed or whether the content is accurate.
Anthropics $18 million man is not a Big Tech pay king
Researchers in Florida's Everglades have turned to creativity in their fight against invasive Burmese pythons by designing robotic rabbits. These high-tech devices mimic the natural movement and warmth of real rabbits, making them better at attracting the elusive snakes. With remote control features and alert systems, these robotic entities promise to transform how these invasive species are monitored, potentially reshaping Florida's wildlife management landscape.
IND vs WI Live Streaming: The highly anticipated five-match T20I series between India and West Indies kicks off on October 6 at 7:00 PM IST. Fans can expect an exhilarating start at the Bharat Ratna Shri Atal Bihari Vajpayee Ekana Cricket Stadium in Lucknow. Following a successful 2-1 ODI series win, Shreyas Iyer steps up to lead India, aiming to maintain their victorious momentum in the T20 format.
Karnataka plans to construct nine new integrated industrial townships, 312 km of new Metro lines, a 210-km ring road and a 270-km RRTS network across Bengaluru Metropolitan Region over the next decade. The government has already acquired 7,900 acresfor the proposed townships.
US minimum wages will rise in 5 states in 2027, with Washington leading at $17.73 an hour. Seattle's rate will hit $22.14.
India's manufacturing sentiment improved in Q2FY27, shows Ficci Survey
India's manufacturing sentiment improved in the July-September quarter as factories reported higher capacity utilisation and higher or same levels of production as compared to the previous quarter, according to the latest edition of the FICCI Manufacturing Survey released on Tuesday. The survey, which covered around 225 firms, assessed the performance and sentiment of manufacturers for nine major sectors -- namely automotive & auto components, capital goods, chemicals and allied products, electronics & electricals, glass, machine tools, metal & metal products, textiles, apparels & technical textiles and miscellaneous. The survey covered respondents from manufacturing units from both large and SME segments with a combined annual turnover of over Rs 2 lakh crore. According to FICCI, the findings reflect a rebound in the sentiment for production in Q2 2026-27 compared to the previous quarter, indicating signs of recovery from the West Asia crisis. In comparison to Q1 FY .
RDI fund: Call for proposals to reopen after review, to boost Viksit Bharat 2047, says TDB Secretary
In an effort to align with India's 2047 development goals, the Research, Development, and Innovation Fund was launched by Prime Minister Narendra Modi as a means to empower domestic enterprises. It seeks to stimulate private sector investment in R&D, with 400 applications now under assessment and plans to accept new submissions soon.
Backward integration, captive power seen aiding profitability of secondary steel players
Secondary steelmakers in India are improving profitability by investing in captive power and backward integration, helping offset volatile raw material and energy costs, according to CRISIL. Operating margins are expected to rise to 6.6% this fiscal, with integrated players earning Rs 1,500-2,000 more EBITDA per tonne than non-integrated peers.
Does your will cover everything you own? Heres what can go wrong
A will can be legally valid yet leave part of an estate undisposed. A well-drafted residuary clause can help ensure assets not covered by specific bequests pass to the intended beneficiaries.
Markets surge as oil drops below $100; bank stocks rally
Indian benchmark indices Sensex and Nifty extended their rally for a second consecutive session, driven by a decline in Brent crude oil prices below USD 100 per barrel and strong buying in banking stocks and Reliance Industries.
From Landlines to 6G: How Indias Telecom Revolution Transformed Connectivity
India's telecommunication sector has evolved from a sparse network of landlines to a robust mobile connectivity framework, embracing technologies like 2G, 3G, and 4G, culminating in the recent rollout of 5G. As the nation gears up for 6G, it aims to enhance the global digital landscape while improving the daily online experiences of its citizens.
Insurance brokers oppose IRDAI commission caps, warn of 60-70% revenue hit
Insurance brokers in India are opposing commission cap proposals from the Insurance Regulatory and Development Authority of India. They warn that these changes could reduce their revenue significantly and threaten many jobs. The Insurance Brokers Association of India seeks more time to provide feedback and opposes hard caps without proper assessments. Proposed changes aim to lower distribution costs and improve policyholder value, according to the regulator.
Union Cabinet approves 10,000 crore commitment to SME Growth Fund
The fund will provide growth capital to SMEs seeking to expand capacity, adopt technology, enter global markets, make acquisitions and join global value chains
IRDAI has proposed changes to insurance commission structures, including caps for banks, brokers and agents across products. Insurance brokers have opposed the proposals, raising concerns over their impact on distributors, jobs and the wider insurance sector.
Bollywood star Ajay Devgn is known to be a very reserved person. Yet, in a chat with adventurer Bear Grylls on his show, the Drishyam 3 star opened up on his bond with his father, the late stunt director Virender Veeru Devgn, admitting that, like many people, he too realised the significance of having parents, very late in life.
One year of GST rate reset: Where is India's tax revenue coming from?
GST collections have remained resilient after the 2025 rate reset, but the recovery has been uneven, with imports driving more growth while refunds weigh on net revenue
Indias operational data centre capacity on track to reach 2 GW by the end of the year
India's data centre market added about 130 MW of new capacity in H1 2026 and expects more growth. The total operational capacity is projected to reach 2 GW by the end of the year. Mumbai continues to dominate this expansion and accounts for almost all new supply added. Over USD 38 billion in investment commitments were made during the first half of the year.
Soft vs hard enquiries: Checking your own credit report? Know why it wont hurt your credit score
Checking your own credit report does not lower your credit score because it is generally a soft inquiry. Understand the difference between soft and hard enquiries, why lender checks can affect your score, and how regular credit monitoring can help detect errors and fraud.
Karnataka liquor volumes flat in H1 as beer gets three cheers
Karnataka observed significant growth in beer sales, rising by 41% in the first half of the fiscal year. Indian-made liquor sales, however, remained stable with a mere 1% increase during the same period. Revenue from beer and Indian-made liquor combined reached Rs 22,192 crore, reflecting a 13% growth year-on-year. Domestic liquor manufacturers had concerns regarding the regulatory framework that affected consumption patterns.
Amitabh Bachchan revealed that his renowned hairstyle began as a practical response to industry criticism. Producers viewed his height and facial features as drawbacks, forcing him to grow his hair. This choice evolved into the famous 'Bachchan cut', closely associated with his persona in the 1970s. Hairstylist Hakim Kairanvi crafted this signature look for many of Bachchan's early films.
A young Harsh Goenka without a beard: Billionaire's MBA days photo sparks a guessing game
Harsh Goenka recently shared a throwback photograph from his MBA days, joking that he had no beard then. The image sparked a guessing game on X, with followers trying to identify him and praising his youthful appearance. One user called him the Happiness Brand Ambassador for his humour and million dollar smile. Goenka is Chairman of RPG Enterprises and holds an Economics degree and MBA from IMD, Lausanne, Switzerland.
Following her remarkable Academy Award win, Mikey Madison has opened up about the importance of staying humble. With gratitude towards her family and friends, she feels supported and grounded. Rather than succumbing to pressure for a perfect role after her Oscar success, she is excited for her upcoming film, 'The Social Reckoning,' which explores the story of Facebook whistleblower Frances Haugen, set to premiere internationally on October 9, 2026.
Cabinet approves new body to integrate transport and logistics planning
The Union Cabinet approved setting up of a Integrated Transport & Logistics Authority to strengthen research, planning, appraisal, monitoring in the broad domains of transportation and logistics.
India racing vs Qatar & 6 others for 2036 Olympics
Indian banks 2QFY27 earnings seen gaining momentum on strong credit growth: Systematix
The brokerage expects earnings growth across its banking coverage universe to accelerate to 14.9 per cent year-on-year in Q2 FY27
S&P sees 12-14% credit growth in India despite rural stress risks
S&P has projected credit growth of 12-14% in India's financial sector, emphasizing concerns about rural credit growth. The potential impact of weak monsoons on agricultural earnings could further exacerbate credit challenges. Economic activity exhibits resilience, supported by strong capital positions of banks and lenders. Public investment remains steady while private investment focuses on specific sectors, showing improvement. Inflation is projected at 5.1% for FY27, amidst challenges from global factors.
Women account for over 57% of online medical consultations through eSanjeevani
The eSanjeevani platform has reached a significant milestone of 50 crore teleconsultations across India. It shows notable participation, with 57.14 percent of users being women and 40.15 percent aged 46 and above. Telemedicine is proving essential in enhancing healthcare access for citizens in remote areas. The service has expanded rapidly and supports a diverse range of medical consultations daily.
Federation of Indian Airlines seeks review of existing ATF pricing formula
The unprecedented increase in fuel costs, compounded by geopolitical disruptions and rupee depreciation, is placing significant pressure on airline cash flows and viability
Cabinet approves new authority to enhance R&D across transportation and logistics
The Union Cabinet has approved the creation of an Integrated Transport & Logistics Authority to improve synergy. This new authority aims to enhance planning and evaluation processes across India's transportation sector. It will be responsible for appraising significant infrastructure projects and developing the National Transport Master Plan. Additionally, the ITLA will integrate essential data for effective project planning and monitor major transport projects.
Russia welcomes Trump's offer of help in plague row
UPI MDR: Merchants Cannot Charge Customers
Punjab and Sind Bank MD and CEO Swarup Kumar Saha clarified that merchants cannot pass on Merchant Discount Rate (MDR) charges to customers for UPI payments, ensuring consumers only pay the displayed price. The new MDR structure, effective October 15, applies a 0.4% charge on P2M transactions above Rs 2,000, with specific flat rates for certain sectors, but small-value transactions remain free.
IHG signs deal for 130-key voco hotel in Vrindavan, opening planned for 2031
IHG Hotels & Resorts has finalized a management agreement with Vrindam Developers for a new hotel. The voco Vrindavan will feature 130 keys and is expected to open in the first quarter of 2031. This development represents Vrindam Developers' first venture into the hospitality sector, expanding their business portfolio. IHG currently operates 53 hotels in India and has plans for 110 more in the upcoming years.
Airlines seek review of current ATF pricing formula
Cabinet approves Rs 10,000 crore SME Growth Fund for small and medium enterprises
The Union Cabinet approved a Rs 10,000 crore SME Growth Fund to support micro, small, and medium enterprises. This fund is part of the government's initiative to create champion MSMEs in India. Finance Minister Nirmala Sitharaman outlined various measures to enhance liquidity support and accessibility to risk capital. Additionally, the government allocated Rs 24,566.27 crore to the Ministry of Micro, Small and Medium Enterprises.
