The government has ordered raw jute stock limits for traders and balers to be set at zero, aiming to stop hoarding and improve fair distribution. Jute mills and processing units are still allowed to hold stocks for up to 45 days. Firms must declare stock positions every fortnight, with the plan to stabilize supply and support farmers, manufacturers and consumers.
The government says it is redefining what qualifies as a “small company” to improve the business climate and reduce compliance load for law-abiding firms. The move is aimed at making it easier for smaller operators to comply with rules and regulations, potentially changing which businesses benefit from exemptions and simplified processes.
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Finance Minister Nirmala Sitharaman says Indian banks must proactively prepare for escalating AI-driven cyber threats. She called for closer collaboration across banks to map vulnerabilities and adopt new technologies. In a notable twist, she suggested using AI tools to counter AI-powered attacks, aiming to rapidly harden financial-sector cybersecurity defenses as regional risks are watched closely.
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