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Export push: Govt unveils Rs 7,295 crore credit support package; interest subvention, collateral guarantee for exporters

The government on Friday announced a Rs 7,295-crore export support package aimed at improving exporters’ access to credit, comprising a Rs 5,181-crore interest subvention scheme and a Rs 2,114-crore collateral support measure, officials said.Both interventions will be implemented over a six-year period from 2025 to 2031 and form part of the Rs 25,060-crore Export Promotion…

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Father’s guarantee: Oracle co-founder Larry Ellison backstops son’s $78bn Paramount bid for Warner Bros. Discovery | Business

Oracle co-founder Larry Ellison has stepped in to personally guarantee more than $40bn in financing for Paramount Skydance’s hostile $78bn bid for Warner Bros. Discovery. The move follows open scepticism from WBD’s board over whether the offer was fully funded and capable of closing. By putting his own wealth on the line, Ellison aims to…

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Government destroying rural job guarantee scheme, says Congress as it steps up protest | India News

NEW DELHI: Stepping up its attack on govt over the rollback of MGNREGA, Congress held protests at its district headquarters Sunday. This came a day after Congress Parliamentary Party chairperson Sonia Gandhi, in a video message, accused the Modi govt of “bulldozing” MGNREGA and asserted that the “black law” that seeks to repeal it will…

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Countering Trump tariffs impact! Modi government approves new Export Promotion Mission & credit guarantee scheme for exporters; check details

The Export Promotion Mission will consolidate multiple schemes into a single mechanism. (AI image) Prime Minister Narendra Modi-led Union Cabinet on Wednesday approved an Export Promotion Mission (EPM) with an outlook of Rs 25,060 crore. The move assumes significance at a time when India’s exports to the US face a penal 50% tariff. Additionally, the…

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Cricket at Los Angeles Olympics 2028: How teams will be picked, why no guarantee of India vs Pakistan and more | Cricket News

Cricket is set to return to the Olympics after over a century, and the ICC has finalised how the six participating teams will be picked for the Los Angeles 2028 Games. (Photo credit: AFP) Cricket is set to return to the Olympics after over a century, and the International Cricket Council (ICC) has finalised how…

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ED arrests Kolkata consultant in Reliance Power bogus bank guarantee case

NEW DELHI: Enforcement Directorate on Thursday arrested Amar Nath Dutta, a Kolkata-based consultant who was allegedly involved with Reliance Power’s former CFO Ashok Pal in furnishing bogus bank guarantee of over Rs 68 crore provided by Reliance NU BESS to Solar Energy Corporation of India for issue of tender. Dutta, who claims to provide consultancy…

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Australia captain Pat Cummins reveals massive plan for upcoming Ashes: ‘I’d almost guarantee’ | Cricket News

Pat Cummins (Photo by Jason McCawley/Getty Images) Australian cricket captain Pat Cummins has dismissed the possibility of using four fast bowlers in the upcoming Ashes series against England, indicating spinner Nathan Lyon will remain in the team.Nathan Lyon missed Australia’s recent Test match against West Indies in Jamaica, his first absence in 12 years, where…

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China has left America behind in electricity generation, says Paul Krugman; and adds how Donald Trump’s policies guarantee that the US will never catch up

US President Donald Trump China now generates more than twice as much electricity as the United States, solidifying its position as the world’s leading economic powerhouse, according to economist Paul Krugman. Writing this week, Krugman noted that China’s economy has surpassed America’s in real terms when measured at purchasing power parity, highlighting the growing gap…

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