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Maldives repays second $50 million Indian treasury bill: Muizzu
The Maldives has made a significant payment to India, settling a USD 50 million treasury bill. This move aims to reduce the nation's external debt. India had previously provided financial support through treasury bills subscribed by the State Bank of India. President Muizzu stated that his administration has cleared this debt, preventing a larger financial burden.
Government contracts now require adherence to labour laws. Firms failing to pay wages or deposit social security contributions face debarment for up to three years. This move aims to protect outsourced and contractual workers. Ministries and departments will verify contractor compliance monthly.
India pushes MSME finance, cooperation agenda under BRICS
India is leading BRICS efforts to boost small businesses. The focus is on better access to finance and using fintech for credit. BRICS nations are sharing ideas to overcome challenges. This collaboration aims to build stronger, globally competitive MSME sectors across member countries. The initiative supports economic growth and job creation.
Credit growth signals economic strength: Finance Ministry
Non-food credit growth in FY26 stood at 15.9% against 10.9% in the corresponding period last year. The aggregate credit outstanding in March 2026 reached ₹212.9 lakh crore, ₹29.2 lakh crore higher than the previous year.
Cash is king again? India’s withdrawals surge 12% in early April, highest since post-demonetisation
The Indian economy is witnessing a historic milestone as the currency in circulation hits 42.3 trillion rupees. This remarkable jump of more than 610 billion rupees in merely 15 days of April signals a transformative phase. Experts warn that this continuous cash demand surge may impact the liquidity framework of the banking system.