In this series, BW Businessworld analyses Himachal Pradesh's fiscal health as the hill state grapples with economic turmoil amid rising debt and limited revenue sources
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The Goods and Services Tax (GST) Fitment Panel has stated that payment aggregators should not be categorised as banks because they function as middlemen in transactions.
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The Reserve Bank of India has raised concerns about the rising interconnectedness between private credit, banks, and non-banking financial companies (NBFCs), as well as the growing complexity of deal structures
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The report captures key trends from the sector, government initiatives and growth trajectory in future
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The surge in trade marks a significant increase of 34.78 per cent in FY-2023-24 compared to the USD 1.56 billion reported in the previous fiscal year
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The previous record high was USD 681.688 billion
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India's weight in the MSCI EM IMI now stands at 22.27 per cent, compared to China's 21.58 per cent
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According to industry reports, India's gold demand is expected to rise by 15-20 per cent during the festive and wedding season, especially after the government reduced the gold import duty earlier this year
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