Union Minister Piyush Goyal outlines how the Make in India initiative has transformed India’s manufacturing sector over the past decade. He credits government reforms like GST, IBC, and ease of doing business for this success. Goyal also emphasizes India’s potential as a global manufacturing hub due to its demographic dividend and decisive leadership.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.