India News Update

India has recently seen significant developments in the MSME sector with the passage of the *MSME amendment bill*, which aims to improve payments and digital registration for MSMEs. The number of MSMEs registered on the Udyam portal has expanded sharply, with over 1.65 crore registrations. However, concerns have been raised regarding the low rate of digital procurement spend among MSMEs, with less than a fifth of India's MSME procurement spend being digital.
- Issues with *fire NOC rules* have also been raised in various hospitals and junior colleges across the country, including the discovery of fake fire NOCs in some private junior colleges in Telangana.
- The Rajasthan Government Hospital has faced an ICU crisis due to a shortage of doctors, machines, and safety concerns, highlighting the need for improved healthcare infrastructure in the country.
- Muthoot FinCorp has received a perpetual RBI forex licence, allowing the company to offer wider remittance services and removing the requirement for periodic licence renewal.