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Policy▲ Bullish for Indian equities
PMEGP may get 5-year extension till 2030-31 with Rs 15,000 crore outlay; govt weighs easier norms
The brief
- Government is considering extending PMEGP until 2030-31
- The proposed extension has an estimated Rs 15,000 crore outlay
- A larger PMEGP could support Indian micro-enterprises and employment
- Fiscal deficit reaches ₹7.1 lakh crore, or 41.9% of FY27 target, by August
- Govt’s Rs 1 lakh crore deep-tech fund hits pause, TDB halts fresh applications
- SRIT India launches ₹218.40-crore IPO as GMP estimates vary
- Burnham hints at new taxes in UK for social reform
- Trump cancels nearly $1bn in US spending using rare ‘pocket rescission’ power: What is it?