India has since 2010 made noteworthy progress on fossil fuel subsidy reform through a calibrated ‘remove’, ‘target’, and ‘shift’ approach, the Asian Development Bank (ADB) said in a new report. “By carefully balancing the combined effect of three key policy levers – retail prices, tax rates, and subsidies on selected petroleum products – the country…
In line with its Budget announcement earlier this year, the Finance Ministry has asked Public Sector Banks (PSBs) to undertake pilot programs of the new credit assessment model for MSMEs. The Indian Banks Association (IBA), which has been tasked with the responsibility to come up with the new credit assessment model, official sources said, is…
The global cross-border e-commerce exports are projected to grow from $1 trillion in 2023 to $8 trillion by 2030 Photo: Shutterstock.com 4 min read Last Updated : Aug 05 2024 | 11:45 AM IST Reforms in certain customs and banking rules, access to credit, and incentives at par with China will be key for India…
Small modular reactors (SMRs), the setting up of which was mentioned in the finance minister’s budget speech last week, are the way to go for green energy transition, many prominent citizens have said. The Finance Minister, Nirmala Sitaraman, noted in her speech that “nuclear energy is expected to form a very significant part of the…
