MUMBAI: PM Narendra Modi said on Monday that record profits made by banks in FY24 would increase availability of credit to the poor, farmers, and MSMEs, hailing the turnaround of financial entities, which were facing a burden of bad loans some years ago.Posting a link of a TOI story on X, Modi said that the…
MUMBAI: In a move to boost transparency, RBI has asked all banks and finance companies to provide borrowers with a key facts statement that includes data on all fees and the annual cost of credit from Oct 1 besides basic loan information. The statement should also provide details on the policy on recovery agents, contact…
Representative image Eid-ul-Fitr is around the corner and the city’s textile market is buzzing with activity. Retail demand has been high, leaving the market in a bullish mode for the festival season ahead. The order cycles usually run around four months ahead of each season and processing houses in Ahmedabad, one of the biggest cotton…
Surat: Textile traders from the city met union finance minister Nirmala Sitharaman on Friday in New Delhi and raised concerns over the newly introduced payment norms in the Income Tax Act. Meanwhile, city’s weaving industry players have supported the new norms and demanded strict implementation in a letter written to Prime Minister Narendra Modi on…
