Context: The National Academy of Customs, Indirect Taxes & Narcotics (NACIN) and Indian Maritime University (IMU) have signed a Memorandum of Understanding (MoU) to enhance marine enforcement training. Objectives of the Collaboration Key Benefits For CBIC Officers For IMU For India’s Maritime Security About the Marine Customs Training Centre About Indian Maritime University (IMU) This NACIN-IMU partnership marks a major step in strengthening India’s marine enforcement capabilities. By integrating cutting-edge training, academic excellence, and global best practices, it ensures India remains at the forefront of maritime security and enforcement. PIB
MSMEs in India
MSMEs’ Contribution to the Economy Key Challenges Hindering MSME Growth Initiatives to Support MSMEs Policy Recommendations For MSMEs to thrive and drive economic growth, India needs a business-friendly regulatory framework that facilitates scalability, digital adoption, and financial accessibility.
Ecommerce Integration Boosts MSME Growth & Financial Access: ICRIER Survey
Key Findings from the ICRIER Survey Ecommerce Helps MSMEs Secure Finance Challenges Faced by Non-Integrated MSMEs Low Participation in Government Schemes MSMEs Perceived as High-Risk Borrowers Implications & Way Forward BS
8th State Level Coordination Committee (SLCC) Meeting
Overview of the Meeting Key Attendees Key Discussions & Decisions The SLCC meeting reinforced coordinated efforts to tackle financial fraud, regulate deposit schemes, enhance investor awareness, and improve digital security in Sikkim. The RBI and SEBI initiatives will continue to strengthen financial literacy and fraud prevention across the state. PIB
RBI Mandates Special Clearing for Government Transactions on March 31
Mandatory Bank Participation in Special Clearing Financial Year-End Government Transactions Special Clearing Under Cheque Truncation System (CTS) Extended Working Hours for Tax Offices Implications for the Banking System This initiative ensures efficient year-end accounting, uninterrupted tax collections, and smooth financial transactions for government-related payments. Business Line
Banks May Delay Cutting Special Deposit Rates
Special Deposit Schemes & Expiry Key Factors Affecting Interest Rate Decisions Special Deposit Schemes from Major Banks Expected Changes in Deposit & Lending Rates Deposit vs. Credit Growth Trends Outlook TET
Bank Loans Grow at a Slower Pace in February
Decline in Non-Food Credit Growth Retail Loan Slowdown Credit to Services Sector Industrial Credit Trends The sharp decline in retail loans and NBFC credit has dragged overall bank loan growth in February 2025. However, select industries and the computer software sector continue to see healthy credit expansion. TET
Finance Bill 2025
Key Objectives of the Finance Bill 2025 Withdrawal of Equalisation Levy Customs Duty Rationalisation Fiscal Deficit & Budgetary Strategy The Finance Bill 2025 reinforces tax stability, simplifies compliance, and fosters economic growth. With customs reforms and a balanced fiscal approach, the government is focused on long-term business competitiveness and economic expansion TET
RBI Likely to Cut Policy Rate by 25 Basis Points in April: Ind-Ra
Expected Rate Cut & Projections Key Factors Influencing RBI’s Decision Impact of US Reciprocal Tariffs Market & Economic Implications RBI’s April rate cut decision hinges on inflation, liquidity, and global economic factors. With Ind-Ra predicting up to three cuts, the central bank’s stance will be closely watched by markets and businesses TET
India’s ATM Network Faces Challenges Amid Rising Interchange Fees
Key Reason for the Interchange Fee Hike Factors Contributing to ATM Network Decline Potential Effects of Higher Fees The Larger Context: India’s Cash Dependency India’s Digital vs. Cash Balance While India continues its shift toward digital payments, ATMs remain indispensable, ensuring smooth financial inclusion. The challenge is to maintain a viable ATM network while advancing digital adoption. TET
