Business News: Economy & Markets

PM SVANidhi at 6: How small loans sparked big dreams for street vendors

IANS | June 1, 2026 10:56 PM

Ghaziabad/Varanasi, June 1 (IANS) The Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme has emerged as a major tool of economic empowerment for small traders and street vendors. As the scheme completes six years, thousands of beneficiaries have not only expanded their businesses but have also paved the way toward financial self-reliance.

Centre’s revenue crosses Rs 2.12 lakh crore in April, states’ share up at Rs 87,779 crore

IANS | June 1, 2026 9:16 PM

New Delhi, 1 June (IANS) The Government of India has received ₹2,12,679 crore, which represents 5.8 per cent of the total receipts for the corresponding BE 2026–27, for April this year. This comprises ₹1,78,492 crore of tax revenue (Net to Centre), ₹24,293 crore of non-tax revenue, and ₹9,894 crore of non-debt capital receipts on account of loan recoveries, according to a finance ministry statement issued on Monday.

Poor families getting LPG at half the market price under Ujjwala as Govt ups subsidy

IANS | June 1, 2026 8:44 PM

New Delhi, June 1 (IANS) While the market price of LPG has shot up to Rs 1,200 per cylinder in the global market, the Ujjwala households are still being supplied the gas at Rs 613 per 14.2 kg cylinder, as the government is footing a subsidy of Rs 587 per cylinder, a senior petroleum ministry official said.

India-Oman CEPA to boost exports, jobs and shared prosperity: PM Modi

IANS | June 1, 2026 8:26 PM

New Delhi, June 1 (IANS) Prime Minister Narendra Modi on Monday shared an article written by Union Commerce and Industry Minister Piyush Goyal, highlighting the benefits of the India-Oman Comprehensive Economic Partnership Agreement (CEPA) for Indian exporters, farmers and job creation.

PM SVANidhi powered street vendors, from tea stalls to pooja store owners

IANS | June 1, 2026 8:14 PM

New Delhi, June 1 (IANS) The Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme completed six years of operation today, empowering and enabling lakhs of vendors and small stall owners to achieve self-sustenance and expand their operations over the years.

CBI arrests RCom Group MD Jhunjhunwala in Rs 6,015 crore bank fraud case

IANS | June 1, 2026 8:04 PM

Mumbai, June 1 (IANS) The CBI has arrested top executive of Reliance Communication Group, Amitabh Jhunjhunwala for causing a loss of over 6,000 crore to an SBI-led consortium of banks. He was the Group Managing Director of Reliance Communications group at the relevant time and was controlling the affairs of important functions like corporate finance, banking and utilisation of funds, according to a CBI statement issued on Monday.

Foodgrain stocks adequate, fertilisers and edible oil availability strong and stable: Centre

IANS | June 1, 2026 7:14 PM

New Delhi, June 1 (IANS) The country has comfortable foodgrain stocks, and the availability of edible oils remains adequate, supported by regular imports, domestic production, and existing stocks, the government said on Monday, adding that fertiliser security also remains strong and stable, with availability consistently exceeding requirements across all major fertilisers.

6 years of PM SVANidhi: Street vendors share how the scheme heralded change in their lives

IANS | June 1, 2026 6:48 PM

Faridabad, June 1 (IANS) The Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi), in six years of launch on June 1, 2020, has ushered in positive change in the lives of lakhs of street vendors across the country, helping them recover after the pandemic and also making their small-scale ventures self-sustainable.

World Milk Day: Dairy sector strengthens, livestock farming gets boost in rural belts

IANS | June 1, 2026 6:47 PM

Patna, June 1 (IANS) As the world celebrates World Milk Day 2026, it’s time to reflect upon progress in the indigenous dairy sector and how the sector has evolved into a profitable business over the years, particularly in rural areas.

Industry hails steady IIP growth despite global headwinds, rising input costs

IANS | June 1, 2026 6:06 PM

New Delhi, June 1 (IANS) Industry leaders on Monday lauded steady growth of Index of Industrial Production (IIP) for April despite severe global headwinds and rising input costs amid the West Asia crisis.

BUSINESS

PM SVANidhi at 6: How small loans sparked big dreams for street vendors

Centre’s revenue crosses Rs 2.12 lakh crore in April, states’ share up at Rs 87,779 crore

Poor families getting LPG at half the market price under Ujjwala as Govt ups subsidy

India-Oman CEPA to boost exports, jobs and shared prosperity: PM Modi

PM SVANidhi powered street vendors, from tea stalls to pooja store owners

CBI arrests RCom Group MD Jhunjhunwala in Rs 6,015 crore bank fraud case

Foodgrain stocks adequate, fertilisers and edible oil availability strong and stable: Centre

6 years of PM SVANidhi: Street vendors share how the scheme heralded change in their lives

World Milk Day: Dairy sector strengthens, livestock farming gets boost in rural belts

Industry hails steady IIP growth despite global headwinds, rising input costs

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