Economic Times A parliamentary panel has asked the government to INCrease financial assistance provided under Pradhan Mantri Awas Yojana (Gramin) to help beneficiaries in completion of houses and improve monitoring of houses being constructed under the flagship scheme. The 30-member committee on estimates, headed by BJP MP Girish Bhalchandra Bapat, asked the ministry of rural development to revise the financial assistance provided to help beneficiaries in timely completion of houses sanctioned. The...

The draft bill allows insurance companies the freedom to sell different financial products Mint The government is likely to introduce the Insurance Laws (Amendment) Bill 2022 in the monsoon session of Parliament to bring deep reforms in the insurance sector, INCluding a provision for composite insurance licence and flexibility in entry barriers, two people aware of the development said. According to them, stakeholder consultation on the draft bill is expected to be...

Rajya Sabha 10,655 micro, small and medium enterprises (MSMEs) closed in 2022-23. That is a 6,088% INCrease over the number in 2021-22, with 175 closures. The data was revealed by the Ministry of Micro, Small and Medium Enterprises, Government of India as part of the response to a Parliamentary Question asked in the Rajya Sabha. The data was compiled from the Udyam registration portal, the Ministry's online portal for registrations and...

Mint India’s rural borrowers and small businesses owners may have easier access to credit with public sector banks (PSBs) planning to INCrease financing to these segments, after the Union finance ministry urged lenders to improve their credit-deposit ratio. The C-D ration indicates how much of a banks' deposit base is being utilized for extending loans. The development may help expedite the revival of the rural economy, which is struggling to reach pre-covid...

Livemint.com The automobile industry witnessed a strong start to 2023 with retail sales across segments, INCluding passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January. However, declining INCome of rural households continued to impact sentiments of two-wheeler buyers, resulting in 13% lower sales during January from a year ago, vehicle registration data compiled by Federation of Automobile Dealers’ Association (Fada) showed. Vehicle registration was up 14% in the...