Jan 15, 2021 03:59 PM IST
RAI in its pre-budget representation mentioned that Centre needs to put some efforts to boost the retail industry to save millions of jobs in the upcoming budget.
- Jan 13, 2021 06:03 PM IST
As a result of the COVID-19 pandemic-induced lockdown, the MSME sector has been facing a massive liquidity and supply crunch, shortage of labour and non-payment of dues.
- Jan 11, 2021 08:58 PM IST
The states can prepare broad commitments to meet climate goals in line with the NDCs (Nationally determined contributions), Singh added.
- Jan 11, 2021 07:32 AM IST
The Centre is considering easing NPA classification period to between 120-180 days from 90 days, thus making permanent a measure adopted during the pandemic and the nationwide lockdown, a top government official told Moneycontrol. The person added that such a move would require legislative changes.
- Jan 04, 2021 08:39 AM IST
Healthcare, education, MSME - among so many other sectors - have high hopes from Finance Minister Nirmala Sitharaman. Experts from these segments talk about their expectations and wishlist. Watch the video to know more.
- Dec 28, 2020 02:56 PM IST
As per the National Sample Survey (NSS) 2015-16, here are a total of estimated 1,23,90,523 Women owned proprietary MSMEs in the country.
- Dec 27, 2020 02:32 PM IST
The sources added that the rule would help to control use of fake invoices by fraudsters who avail and pass on ITC to dummy, fake and dormant entities which show high turnovers, but have no financial credibility, and flee after issuing fake invoices and misusing ITC.
- Dec 24, 2020 05:38 PM IST
The difficulty borrowers face in repaying their loans is forcing many fintech lending startups to restructure loans and show them as ‘standard assets’ as the year draws to a close.
- Dec 18, 2020 10:11 PM IST
Bajaj was responding to a query on whether the government would consider setting up of a bad bank as a one-time measure for reducing the burden of Non-Performing Assets (NPAs) of the public sector banks.
- Dec 18, 2020 06:55 PM IST
Emphasising that the strength of Indian supply chains should be utilised to full capacity, Sarangi said the MSME sector can play a "crucial role" in realising the vision of a "self-reliant India".
- Dec 17, 2020 04:23 PM IST
The MSME Finance Week was a virtual event organised by the Global Alliance for Mass Entrepreneurship (GAME). A key reason for most MSMEs to turn into non-performing assets (NPAs) is delayed reconciliation of their receivables and bills.
- Dec 13, 2020 04:21 PM IST
As part of the Aatmanirbhar Bharat Abhiyan 3.0 (announced on November 12), ECLGS Scheme has been extended through ECLGS 2.0 for the 26 stress sectors and health care sector with credit outstanding of above Rs 50 crore and up to Rs 500 crore as on February 29, 2020.
- Dec 12, 2020 03:32 PM IST
Gadkari also informed that the government has sanctioned Rs 3 lakh crore for the MSMEs. The government will provide 15 percent of the equity to successful MSMEs and those with a good record of GST and income tax and bank turnover to facilitate them to go raise funds in the capital market.
- Dec 11, 2020 03:16 PM IST
According to the portal, 10,388 candidates have been placed so far.
- Dec 10, 2020 08:09 PM IST
The government is taking measures to make the system transparent and bring timebound results for investors.
- Dec 01, 2020 09:28 PM IST
He said the bank will be taking a decision keeping in mind what is best for its customers and stakeholders, and shall make an announcement soon.
- Nov 26, 2020 02:51 PM IST
In the current times one should focus on consistency rather than growth or size. City Union bank is perhaps only one of the old private sector bank in the country that has a long track record of profitable growth
- Oct 18, 2020 04:55 PM IST
Sources said the objective is to provide support to all those affected and if there are no takers for the scheme, there is no need to extend the scheme even though there is some room left.
- Oct 14, 2020 09:16 PM IST
The Champions system was launched by Prime Minister Narendra Modi on June 1, 2020. The multi-modal system has a portal at virtual level and technology equipped physical control rooms at around 69 locations of the country.
- Oct 07, 2020 09:07 PM IST
The coverage of the scheme is limited to all term loans and working capital to the extent of Rs 100 lakh. The scheme provides for an interest relief of two percent per annum to eligible MSMEs.
- Oct 06, 2020 09:44 PM IST
Financial Services Secretary Debashish Panda, who also participated in the launch event through video conferencing, delved on the various initiatives taken by the government to support MSMEs.
- Oct 04, 2020 02:17 PM IST
India seems to have crossed the peak in COVID-19 cases, as per available data, the Finance Ministry's Monthly Economic Report for September said.
- Sep 29, 2020 10:28 AM IST
Sensex and Nifty50 have already rallied by over 50 percent each from the March lows, but a roaring rally post the stimulus measure, if any, is unlikely, say experts.
- Sep 24, 2020 09:21 PM IST
The latest numbers on ECLGS, as released by the Finance Ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs).
- Aug 24, 2020 05:46 PM IST
As against an Amazon Web Services (AWS) or Google, companies have been turning to relatively smaller players for the service and pricing value they bring to the table