Msmes

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Msmes - Total results - 191
PM urges banks to support wealth and job creators, work proactively to improve India's balance sheet
India

PM urges banks to support wealth and job creators, work proactively to improve India's balance sheet

The prime minister also said that the recently set up National Asset Reconstruction Co (NARCL) would help resolve Rs 2 lakh crore of stressed assets

Centre revises MSMEs guidelines, to include retail and wholesale trade under sector; key points
Business

Centre revises MSMEs guidelines, to include retail and wholesale trade under sector; key points

Minister of Micro, Small and Medium Enterprise and Road Transport and Highways Nitin Gadkari said that the revised guidelines will benefit 2.5 crore retail and wholesale traders

Nirmala Sitharaman announces economic package for MSMEs, raises credit line limit to Rs 4.5 lakh cr
Business

Nirmala Sitharaman announces economic package for MSMEs, raises credit line limit to Rs 4.5 lakh cr

The finance minister announced widening of the Emergency Credit Line Guarantee Scheme under which collateral-free loans are given to MSMEs. A new scheme will give up to Rs 1.25 lakh loan to 25 lakh small borrowers at lower interest rates

International MSMEs Day 2021: All you need to know about day that marks recognition of small businesses
India

International MSMEs Day 2021: All you need to know about day that marks recognition of small businesses

The UN resolution passed in April 2017 stressed the importance of encouraging formalisation of MSME segment that accounts for over 90% of all firms globally, around 70% of total employment

Women run fewer than 13% of India's MSMEs; inaccessibility of credit, govt schemes and now COVID are key hurdles
India

Women run fewer than 13% of India's MSMEs; inaccessibility of credit, govt schemes and now COVID are key hurdles

The biggest challenge faced by women entrepreneurs in India is gender bias in access to finance as studies show that their loan applications are more likely to be delayed or rejected as compared to men

India committed to enhancing defence manufacturing capabilities, says Narendra Modi
India

India committed to enhancing defence manufacturing capabilities, says Narendra Modi

Addressing a webinar on the effective implementation of the Union Budget's provisions in the defence sector, the PM urged the private sector to take up both designing and manufacturing of defence equipment

Rahul Gandhi slams Union Budget as 'crony-centric', says MSMEs were 'betrayed'
Politics

Rahul Gandhi slams Union Budget as 'crony-centric', says MSMEs were 'betrayed'

In his first reaction to the budget on Monday, Gandhi had alleged that the Narendra Modi government plans to handover the country's assets to crony capitalists

India not 'expansionist' country, believes in welfare of world, says Nitin Gadkari
India

India not 'expansionist' country, believes in welfare of world, says Nitin Gadkari

Speaking about self-reliance in education, Gadkari said universities should be upgraded in the country so that people will not need to go abroad for education

Finance ministry report says structural reforms will ensure long-term growth, cites laws on labour, farm produce
Business

Finance ministry report says structural reforms will ensure long-term growth, cites laws on labour, farm produce

The 'enabling policy environment' and initiatives taken by all stakeholders to seize the available opportunities will actualise growth potential, the report said

India's 23.9% GDP contraction 'should alarm us all', writes ex-RBI governor Raghuram Rajan
Business

India's 23.9% GDP contraction 'should alarm us all', writes ex-RBI governor Raghuram Rajan

Given the length of the pandemic, more direct cash transfers to the poorest households, especially in urban areas that do not have access to MNREGA, is warranted.

India to ban Chinese firms from participating in highway projects, even via joint ventures, says Nitin Gadkari
India

India to ban Chinese firms from participating in highway projects, even via joint ventures, says Nitin Gadkari

Gadkari also said the government will ensure that Chinese investors are not entertained in various sectors like MSMEs.

Income Tax Department issues refunds of Rs 26,242 cr since April to 16.84 lakh taxpayers; move to ease liquidity
Business

Income Tax Department issues refunds of Rs 26,242 cr since April to 16.84 lakh taxpayers; move to ease liquidity

The tax department on Friday said it has issued I-T refunds of Rs 26,242 crore to 16.84 lakh taxpayers since April as part of efforts to hasten refund process for making liquidity available with people and firms to deal with COVID-19 crisis

Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs
Business

Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs

The government has notified amendments to General Financial Rules (GFR) to ensure that goods and services valued less than Rs 200 crore are being procured from domestic firms, a move which will benefit MSMEs

Coronavirus Lockdown: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate
Business

Coronavirus Lockdown: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate

The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector hit hard by the coronavirus crisis

Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: Nitin Gadkari
Business

Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: Nitin Gadkari

Days after changing the definition of MSMEs, the government has decided to further revise the criteria for medium units by enhancing the investment and turnover limits to up to Rs 50 crore and Rs 200 crore respectively, Union Minister Nitin Gadkari said on Tuesday

Coronavirus Lockdown: Rs 6.45 lakh cr worth loans sanctioned by PSBs during 1 March-15 May, says Nirmala Sitharaman
Business

Coronavirus Lockdown: Rs 6.45 lakh cr worth loans sanctioned by PSBs during 1 March-15 May, says Nirmala Sitharaman

State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between 1 March and 15 May when businesses were reeling under the impact of COVID-19 crisis

Coronavirus Outbreak: Stimulus package for financial sector to ease asset risks, but won't fully offset pandemic blow, says Moody's
Business

Coronavirus Outbreak: Stimulus package for financial sector to ease asset risks, but won't fully offset pandemic blow, says Moody's

Moody's Investors Service on Tuesday said the measures announced by the government for financial institutions as part of Rs 20 lakh crore-economic package will help ease their asset risk, but will not fully offset the negative impact from the COVID-19 outbreak

Flipkart awaits advisories from states for resuming full services; Centre allows delivery of non-essential items by e-commerce platforms
Business

Flipkart awaits advisories from states for resuming full services; Centre allows delivery of non-essential items by e-commerce platforms

Sales of non-essential items on e-commerce platforms in the first week of May, after sales of such items were allowed in green and orange zones, were lower than last year on account of the lockdown.

Nirmala Sitharaman's economic package: Measures announced by govt to positively impact start-up ecosystem, says IAN
Business

Nirmala Sitharaman's economic package: Measures announced by govt to positively impact start-up ecosystem, says IAN

The slew of booster measures by the government will "positively impact" start-ups in the country, especially in sectors like social infrastructure, atomic energy and space exploration, by providing these fledgling organisations with a larger playing field and improving ease of business, according to Indian Angel Network

Exclusive: India must learn the art of living with coronavirus, says Nitin Gadkari, claims MSME sector can create 5 cr additional jobs
India

Exclusive: India must learn the art of living with coronavirus, says Nitin Gadkari, claims MSME sector can create 5 cr additional jobs

Nitin Gadkari, in conversation with Firstost, says, India must evolve to adapt the art of living with the coronavirus