Business Finance

RBI Eases Credit Rules for Small Businesses, Gold Users

By BPN News Desk September 30, 2025

The Reserve Bank of India (RBI) has announced regulatory changes to widen credit access for small businesses and for firms using gold as a raw material. The new rules were released via a circular on September 30, 2025. More Flexible Rate Adjustments for SMEs Under the revised norms, lenders may now adjust interest-rate spreads tied […]

Business Finance

Finance Minister Nirmala Sitharaman Urges Banks to Increase MSME Lending

By BPN News Desk September 27, 2025

Finance Minister Nirmala Sitharaman has urged banks to step up lending to the MSME sector, infrastructure projects, and industry. She emphasised that banks with strong balance sheets should take lead in driving credit growth. Collaboration with NBFCs & PSBs Sitharaman encouraged deeper partnerships between public sector banks (PSBs) and non-banking financial companies

Business Finance

Govt Poised to Exceed ₹47,000 Crore Disinvestment Target

By BPN News Desk September 23, 2025

DIPAM Secretary Arunish Chawla has said that the government is on track to exceed its disinvestment target of ₹47,000 crore for the current fiscal year. Speaking at the Network18 Reforms Reloaded summit in New Delhi, he expressed confidence in surpassing the goal. Progress So Far By July 2025, around 33% of the target had already […]

Business Finance

Karnataka Says States to Lose ₹1.5 Lakh Crore from GST 2.0

By BPN News Desk September 23, 2025

Karnataka Revenue Minister Krishna Byre Gowda has warned that the new GST 2.0 structure could cost states between ₹1 lakh crore and ₹1.5 lakh crore in lost revenue. Speaking to NDTV, he said the changes would unfairly burden state governments. Centre vs States: Who Bears the Burden? According to Gowda, the Centre is projected to […]

Business Finance

GST Reforms to Give ₹2 Lakh Crore to People

By BPN News Desk September 20, 2025

Finance Minister Nirmala Sitharaman announced that the GST 2.0 reforms will put nearly ₹2 lakh crore into the hands of Indian citizens. She said this amount won’t remain with the government but will return to the economy through lower prices, higher consumption, and more liquidity for households. Key Changes Under GST 2.0 The GST slabs […]

Business Finance

Amit Shah Calls GST 2.0 India’s Biggest Reform

By BPN News Desk September 20, 2025

Home Minister Amit Shah has described the government’s new GST reform—GST 2.0—as one of the most sweeping tax overhauls since India’s independence. He said the reform goes beyond simple tax cuts, calling it “multi-dimensional.” Key goals, he added, include boosting investment, consumption, manufacturing, exports and public trust in taxation. What Has Changed Under GST 2.0,

Business Finance

Govt Won’t Restore Anti-Profiteering Under GST

By BPN News Desk September 19, 2025

The Indian government has confirmed there are no plans to bring back the anti-profiteering provisions under Section 171 of the GST law. These provisions required businesses to pass on tax rate cuts or input tax credit benefits to consumers. Background: What Changed When GST was introduced in 2017, the anti-profiteering law and a body called […]

Business Finance

GST Rate Reductions Effect from September 22

By BPN News Desk September 17, 2025

Finance Minister Nirmala Sitharaman announced that recent GST rate cuts will take effect from 22 September 2025. These cuts are expected to streamline tax slabs and reduce rates across many consumer goods. Economic Impact Projected The government estimates these reforms will inject about ₹2 lakh crore into the Indian economy by increasing cash in the […]

Business Finance

SBI Branch in Karnataka Robbed of Rs 21 Crore Loot

By BPN News Desk September 17, 2025

Three masked gunmen robbed a State Bank of India (SBI) branch in Chadachan, Vijayapura district, Karnataka. The heist occurred on Tuesday evening, when the robbers entered under false pretense, tied up staff, and made off with a large haul of cash and gold. Loot Details Authorities say the robbers escaped with approximately 20 kg of […]

Business Finance

Rupee Edges Up to ₹88.20 Against US Dollar

By BPN News Desk September 15, 2025

On Monday, the Indian rupee gained 6 paise to close at ₹88.20 per US dollar in interbank trading. This was a marginal improvement driven by range-bound trading and a slightly weaker US dollar. Market Dynamics Traders noted controlled volatility in the forex market. Some attributed the rupee’s mild strengthening to possible intervention by the Reserve […]