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Centre released ₹36,000 cr to states so far under special assistance scheme

The Centre has disbursed ₹36,027 crore to states and UTs under SASCI till August 11, with Uttar Pradesh receiving the highest share, followed by Bihar, Rajasthan and MP

PM internship scheme: 30% offers accepted in second pilot so far

The written reply in Lok Sabha stated that in the second round, which started on January 9, 2025, companies posted 82,110 internship opportunities, and 24,131 were accepted as of August 12, 2025

Bidders file fresh JAL plans as CoC weighs challenge round decision

Bidders have revised plans for Jaiprakash Associates after lender talks, but key legal hurdles remain as CoC weighs whether to renegotiate or hold a challenge round

Govt to set up task force to carry out next-gen reforms: PM Modi

Prime Minister Modi announces a task force to revamp economic laws, cut compliance costs, and boost India's competitiveness as part of the 2047 developed nation vision

S&P upgrades India's credit rating to 'BBB' after 18 years, outlook stable

Upgrades by a notch to BBB amid US tariff jitters; FinMin says it's an affirmation of fiscal management

IBC Bill proposed wider look-back period for preferential transactions

Amendments target asset exclusion tactics, enable partial resolutions, and streamline insolvency process

IBBI urges CoCs to scrutinise information memorandums of insolvent firms

The regulator has also sought audit extracts from creditors to help resolution professionals prepare complete and reliable IMs for corporate insolvency cases

IBC Amendment Bill: Govt proposes group, cross-border insolvency

Among significant clarifications made in the Bill, it states that claims by state or central authorities will only be treated as secured if there is a contractual agreement to that effect

PwC India targets three-fold revenue growth by 2030, 20,000 new jobs

PwC India unveils Vision 2030, aiming for 3-fold revenue growth, expansion into smaller cities, and investments in technology, innovation, and sustainability

India may miss FY26 fiscal deficit target of 4.4% on slower growth: BMI

BMI projects India's fiscal deficit to narrow to 4.5% of GDP in FY26, citing slower growth, tariff risks, and higher state spending as challenges to fiscal consolidation

Parliamentary panel backs ex-ante regulation for Digital Competition Bill

But parliamentary committee calls for nuanced approach

Complaint against qcom players: Distributors submit additional info to CCI

According to sources in the know, the Competition Commission of India (CCI), the regulatory watchdog, has asked quick-commerce players to submit answers to the allegations

US tariff impact: India's FY26 GDP growth likely to take 60-bp hit

Economists expect India's FY26 GDP to face a 35-60 bps hit from US tariff hike; strong domestic demand may cushion the blow but targeted support may be needed

IBBI calls for CoC to discuss, record section 29A eligibility under IBC

The idea behind the proposed changes to IBC regulations is to bring more transparency and procedural fairness to corporate insolvency resolution

Trump trade tariffs: MCA planning to ease compliance burden for MSMEs

"We are looking at it very seriously and taking inputs from the MSME ministry as well," a government source said

CCI approves Dalmia's proposal to acquire Jaiprakash Associates

The Competition Commission of India has approved Dalmia's plan to acquire JAL under insolvency resolution; Adani's proposal is still under review

Parl panel suggests regional fintech clusters on lines of GIFT City

The finance ministry stated that the reason for this strategy is that the mainland activities are not affected by the offshore activities

MCA to conduct a study on ex-ante regulations for digital markets

Ministry to invite proposals for a market study on ex ante digital regulations amid stakeholder concerns and inter-ministerial review

JAL's lenders ask bidders to submit revised plans without conditions

Jaiprakash Associates' creditors have instructed bidders to submit revised resolution plans without conditions and provide a definitive bid offer

PM's Internship Scheme: What's working, what's not, what it teaches youth

A look at the varied experiences of Prime Minister's Internship Scheme - what's working, what's not, and what it's teaching India's youth