Union finance minister Nirmala Sitharaman on Friday said externally aided projects (EAPs) should not be seen merely as financing tools but as instruments to help local products from the Northeast access global markets, strengthen livelihoods and turn the region’s geographical challenges into economic opportunities.Chairing a conference on “Leveraging externally aided projects in the northeastern states”,…

The Reserve Bank of India (RBI) on Friday revised the Kisan Credit Card (KCC) framework, standardising the definition of crop seasons and aligning it with banking asset-classification norms in a move aimed at bringing greater uniformity in farm loan sanctioning and repayment schedules.The revised directions, which will come into effect from January 2027, seek to…

Jio Platforms has filed draft papers for what could become India’s largest-ever initial public offering, seeking to raise about $4 billion (Rs 37,700 crore) and valuing the Reliance Industries-backed digital giant at roughly $137 billion. Jio Platforms has filed draft papers for what could become India’s largest-ever initial public offering, seeking to raise about $4…

SBI Mutual Fund, the country’s largest asset management company, has received Sebi’s approval for its proposed initial public offering, clearing the way for a share sale estimated at around Rs 13,000 crore, PTI reported citing a person familiar with the development.The IPO, for which draft papers were filed in March, is entirely an offer for…