Expanded credit guarantee scheme for start-ups to reduce perceived risks of lending

The annual guarantee fee for start-ups in 27 champion sectors has also been reduced to 1% (per annum) from 2% The expanded credit guarantee scheme for start-ups (CGSS)–which increases the ceiling on guarantee cover per borrower–will further reduce the perceived risks associated with lending to start-ups in established financial institutions. This will enable greater financial…

Operation Sindoor: Why India is taking tough stand at the IMF against Pakistan’s bailout requests?

In the wake of the Pahalgam terrorist attack that claimed the lives of 25 Indian citizens and one Nepali tourist, India launched Operation Sindoor, targeting terror infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir (PoJK). This decisive military action has also been matched with strong diplomatic messaging on international platforms like the International Monetary Fund…

India Pakistan Tensions: Pakistani drone hits residential area in Firozpur; 3 injured

India Pakistan Conflict: A Pakistani drone attacked a residential area in Firozpur, Punjab, injuring a family of three who suffered burn injuries. SSP Bhupinder Singh Sidhu said, “We received information about three people being injured with burn injuries. Doctors will treat them.” Fortunately, the Indian army has neutralised most of the drones. According to Dr….