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CBDC loans now on kisan credit cards

MUMBAI: RBI has proposed sweeping changes to the kisan credit card (KCC) framework, including the use of central bank digital currency or e-Rupee for farm credit, as part of its draft Commercial Banks–Kisan Credit Card Scheme Directions, 2026, aimed at widening access, improving flexibility, and tightening safeguards for small and marginal farmers.Under the draft directions,…

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IT sell-off deepens: Infosys, Wipro ADRs slide as US tech rout and rate fears weigh

Selling pressure in global technology stocks spilled over to Indian IT counters listed in the US on Thursday, with Infosys and Wipro ADRs declining sharply amid a broader risk-off mood and concerns over interest rate outlook and AI-driven disruption in the sector.Infosys’ American Depositary Receipts (ADRs) fell more than 7 per cent to an intraday…

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CBIC to launch Eligible Manufacturer-Importer scheme by March 1; how it could ease customs compliance

CBIC Chairman Vivek Chaturvedi (File photo- ANI) The Central Board of Indirect Taxes and Customs (CBIC) is set to introduce the proposed Eligible Manufacturer-Importer (EMI) scheme by March 1, with a draft framework expected to be released in five to six days for stakeholder consultation, a top official said on Thursday.Addressing a media interaction in…

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China tightens hold on rare earth metals to counter US supply chain push | Business

China has intensified efforts to cement its dominance over rare earth metals as the United States moves to build a broad international coalition to secure critical mineral supply chains, official and media reports said.Chinese Premier Li Qiang this week visited Ganzhou in Jiangxi province — one of the world’s largest heavy rare earth production bases…

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India to get Bangladesh-like US garment duty benefits under trade pact, says Piyush Goyal

India will receive concessional duty access for garments made using American yarn and cotton under the proposed trade agreement with the United States, similar to benefits currently available to Bangladesh, Commerce and Industry Minister Piyush Goyal said on Thursday.The US has reduced reciprocal tariffs on Bangladeshi goods to 19%, though garments attract zero duty only…

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New CPI series aligned to consumption trends; CEA Nageswaran says monetary, fiscal policy decision calibration to improve

Chief Economic Advisor V Anantha Nageswaran (ANI) Chief Economic Advisor V Anantha Nageswaran on Thursday said the new Consumer Price Index (CPI) series will improve the quality of data used in formulating monetary and fiscal policies, as it better reflects current consumption patterns and economic conditions.The National Statistics Office (NSO) under the Ministry of Statistics…

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Rose rush ahead of Valentine Day 2026: Red romance runs high as prices reach Rs 100 apiece in Shimla

Valentine Day 2026: Love is getting costlier this Valentine’s season with red roses -the quintessential symbol of romance – selling for as high as Rs 100 per piece in Shimla markets amid strong seasonal demand linked to Valentine’s Day and the ongoing wedding season.During the off-season, red roses typically retail between Rs 20 and Rs…

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Weathering the Trump storm: How India’s IT sector & its talent is ‘uniquely positioned’ to deal with increased H-1B visa costs

India’s unique talent pool would be its biggest strength in weathering the US immigration crackdown. (AI image) US President Donald Trump’s hike in H-1B visa fee – an important visa programme – may have a limited impact on India’s IT sector which currently uses this visa provision extensively. Trump has introduced a weighted H-1B visa…

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RBI proposes Kisan credit card rule overhaul; seeks stakeholder views by March 6

The Reserve Bank of India (RBI) on Thursday issued draft directions to revise and consolidate guidelines on the Kisan Credit Card (KCC) scheme, aimed at expanding coverage, streamlining operational aspects and addressing emerging requirements in the agriculture sector.The central bank has invited comments and feedback on the draft guidelines from regulated entities, members of the…

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