Msmes

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Msmes - Total results - 184
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

Stock Market Latest Updates: Benchmark indices erase losses, Sensex, Nifty close marginally lower; auto, bank stocks decline
Business

Stock Market Latest Updates: Benchmark indices erase losses, Sensex, Nifty close marginally lower; auto, bank stocks decline

Stock Market Latest Updates: Benchmark indices erase losses, Sensex, Nifty close marginally lower; auto, bank stocks decline

Govt to boost Made in India products for exports; wants MSMEs to tap market potential in Europe, Latin America, Africa
Business

Govt to boost Made in India products for exports; wants MSMEs to tap market potential in Europe, Latin America, Africa

MSMEs in the new avatar is expected to develop cutting edge export-oriented technology products. The government, sources said, will assist the concerned MSMEs with research and technology up gradation.

Fiscal deficit likely to be more than double to 7.9% in FY21 due to govt's Rs 20-lakh cr stimulus package: Report
Business

Fiscal deficit likely to be more than double to 7.9% in FY21 due to govt's Rs 20-lakh cr stimulus package: Report

With the government's Rs 20 lakh crore stimulus package, the country's fiscal deficit is likely to be more than double to 7.9 percent in the current financial year, according to an SBI research report

Nirmala Sitharaman's economic stimulus package does not have something for everyone; need to address concerns of startups, retail
Business

Nirmala Sitharaman's economic stimulus package does not have something for everyone; need to address concerns of startups, retail

'For every section of our society there is something in the AatmaNirbharBharat,' said Finance Minister Nirmala Sitharaman, while making announcements of the Rs 20 lakh crore package on Wednesday.

UN economic experts hail India's 'impressive' stimulus package to revive economy hit by coronavirus
Business

UN economic experts hail India's 'impressive' stimulus package to revive economy hit by coronavirus

Top UN economic experts have hailed as “impressive” the Rs 20 lakh crore stimulus package, the largest so far among developing countries, announced by India to revive the country's economy, which has been severely hit by the coronavirus-triggered lockdown

Stimulus package: Govt's liquidity boosting steps to safeguard businesses, jobs, say retailers
Business

Stimulus package: Govt's liquidity boosting steps to safeguard businesses, jobs, say retailers

Retailers on Wednesday said measures announced by Finance Minister Nirmala Sitharaman will bring back liquidity with businesses and provide a boost to the economy

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs
Business

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs

The various initiatives announced by the government on Wednesday to support micro, small and medium enterprises (MSMEs) will encourage banks to lend more to the sector, bankers said