Banks Public sector lenders including the State Bank of India will jointly set up a unified cloud-based digital platform to connect with fintech companies and source loans through them on a revenue-sharing basis. Read more at:- https://economictimes.indiatimes.com/industry/banking/finance/banking/psbs-to-set-up-joint-digital-platform-to-connect-with-fintech-companies/articleshow/96719680.cms

With Indian banks are warming up to financing renewable energy projects in line with the government's vision to become more climate sensitive. Read more at:- https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-go-big-on-financing-green-energy/articleshow/96720014.cms

The government kept the interest rate unchanged at 7.1 per cent for the subscribers of the General Provident Fund and other similar funds. In the previous quarter ended December 31, the GPF interest was similar at 7.1 per cent. Read more at:- https://economictimes.indiatimes.com/news/economy/finance/centre-retains-7-1-interest-rate-on-gpf-for-q4/articleshow/96717910.cms

Outstanding loan portfolio of the micro-finance institution (MFI) sector across India will increase around 20.3 per cent at Rs 3.25 lakh crore in 2022-23 compared to the previous fiscal. Read more at:- https://economictimes.indiatimes.com/industry/banking/finance/outstanding-microfinance-loan-portfolio-to-rise-20-3-pc-in-fy23-in-india-mfin/articleshow/96714313.cms

- Hon’ble Union Commerce and Industry Minister Shri Piyush Goyal said India has the potential to become a world leader in the footwear and leather sector. Read more at:- https://www.business-standard.com/article/economy-policy/india-has-potential-to-become-world-leader-in-footwear-leather-goyal-123010400041_1.html

- Shri Jitendra Singh:- India is all set to rope in its public sector behemoths for building nuclear power plants as it aims to achieve its goal of net zero emissions by 2070, Hon’ble Union Science and Technology Minister Shri Jitendra Singh said. Read more at:- https://economictimes.indiatimes.com/industry/energy/power/psus-to-be-roped-in-to-build-nuclear-power-plants-jitendra-singh/articleshow/96715590.cms

- Warehouses will likely draw a disproportionate share of investor funds this year due to burgeoning demand from manufacturers and third-party logistics (3PL) companies. Read more at:- https://economictimes.indiatimes.com/industry/services/property-/-cstruction/warehousing-sector-likely-to-see-funding-boom-this-year/articleshow/96719661.cms

- India's coal production went up by 16.39 per cent to 607.97 million tonnes during April-December period of the current fiscal as against 522.34 million tonnes produced during the corresponding period of last year. Read more at:- https://www.business-standard.com/article/economy-policy/coal-production-up-by-16-to-608-mn-tons-during-april-dec-period-of-fy23-123010300517_1.html

– Hon’ble Commerce and industry minister Shri Piyush Goyal asked industry to use the revenue department’s Manufacture and Other Operations under Warehouse Rules (MOOWR) scheme to duty-free import products for the purpose of re-export as it is a “pretty practical, neat, simple solution to the problem that sometimes small exporters particularly face”. Read more at:- https://economictimes.indiatimes.com/news/economy/foreign-trade/new-scheme-to-manufacture-machinery-for-trimmings-in-works-says-industry-minister-goyal/articleshow/96718372.cms

- The Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies and to improve its current account, the country should aim at reducing energy import bill. Read more at:- https://www.business-standard.com/article/economy-policy/indian-exports-will-be-impacted-by-weak-global-demand-in-2023-gtri-123010300442_1.html

- Crude oil traded lower  due to the fears of a slowdown in the global economy. The March Brent oil futures were down by 0.40 per cent at $85.57 and February crude oil futures on WTI were down 0.37 per cent at $79.96. Read more at:- https://www.thehindubusinessline.com/markets/commodities/crude-oil-trades-lower-on-renewed-fears-of-global-slowdown/article66332591.ece

– The Delhi government's goods and services tax (GST) collection increased 22 per cent to Rs 41,351 crore for the first three quarters (April-December) this fiscal. In 2021-22, the government's GST collection in the first three quarters was recorded at Rs 33,691 crore. Read more at:- https://economictimes.indiatimes.com/news/economy/finance/delhi-gst-collection-rises-22-pc-to-rs-41351-cr-in-apr-dec/articleshow/96718893.cms

- The Director-General of Foreign Trade (DGFT) has extended the ban on palm oil imports through Kerala ports until further orders. It has also extended import duty waiver on refined palm oil and palmolein oil. Read more at:- https://www.thehindubusinessline.com/markets/commodities/dgft-extends-ban-on-palm-oil-imports-through-kerala-ports/article66332719.ece

- Networking engineers, cybersecurity specialists, and cloud computing experts are expected to be the most sought after profiles by the telecom sector commanding a 10-12% premium in terms of pay packages. Read more at:- https://economictimes.indiatimes.com/jobs/cyber-security-and-network-engineers-among-most-sought-after-job-profiles-in-telecom-in-2023/articleshow/96711302.cms

- The Indian media and entertainment (M&E) sector is expected to take in revenue growth of 12-14 per cent on-year to about ₹1.6 lakh crore in FY 2024. Read more at:- https://www.thehindubusinessline.com/economy/media-entertainment-industry-projected-to-grow-at-12-14-in-fy24/article66333034.ece

-A cautiously optimistic stance adopted by investors towards Indian agritech during the second half of 2022 is seen continuing in the new year, especially with respect to the mid to late-stage deals, while the early-stage funding is set to gain traction with the increasing pace of technology adoption in the sector. Read more at:- https://www.thehindubusinessline.com/economy/agri-business/in-2023-funds-in-agritech-may-be-for-early-stage-start-ups/article66334534.ece

- The country's sugar production rose 3.69 per cent to 12.07 million tonnes in the October-December quarter of the ongoing marketing year. Read more at:- https://www.business-standard.com/article/economy-policy/india-s-oct-dec-sugar-output-up-3-69-at-12-07-million-tonnes-isma-123010300378_1.html