Tag: MSMEs

FM Nirmala Sitharaman launches new fund for MSMEs

Uttar Pradesh’s ‘One District One Product’ (ODOP) programme will aid in effective identification of “champion sectors” amongst MSMEs under the ‘Ubharte Sitaare Fund’, union finance...

Parliamentary panel calls for fresh package to help MSMEs

A parliamentary panel has said the stimulus package announced by the government was inadequate to help small businesses in the pandemic-hit economy and batted for...

11 million avail Rs 2.75 lakh crore under govt’s credit guarantee scheme

More than 11 million businesses and individuals have availed nearly ₹2.75 lakh crore under the government’s credit guarantee scheme to provide working capital and emergency...

Instamojo: Instamojo forays into e-commerce sector, aims at powering 100k DTC brands by year-end

BENGALURU: In a recent development, Instamojo announced its entry into the e-commerce space with the launch of its new platform enabling small businesses and DTC...

Citigroup to focus on corporate and institutional banking business in India

Citibank will shut its India retail banking business, which includes credit cards, savings bank accounts and personal loans, as part of a global decision to...

MSMEs: Making structural changes can give fillip to the MSMEs in the upcoming budget

Covid-19 impacted all major economies across the globe, including India. The sudden halt in economic activities during the nationwide lockdown left the MSMEs as one...

Union Minister Nitin Gadkari assures regulator for steel, cement industry to curb cartelisation

MUMBAI: The government is serious about setting up a regulator for the steel and cement industry to curb the cartelization, said Union Minister of Road...

Ground seems ready for new options to resolve stressed assets: IBBI chief

NEW DELHI: The ground seems to be ready to experiment new options for resolution of stress and the market is anticipating a hybrid framework between...

Insolvency and bankruptcy code (IBC) suspension extended till March 31

Suspension of the insolvency and bankruptcy code (IBC) is being extended till March 31, 2021, finance minister Nirmala Sitharaman said at the Bangalore Chamber of...

Flipkart: Flipkart to host ‘Big Billion Days’ sale from October 16-21

NEW DELHI: Walmart-owned Flipkart on Saturday said it will host its annual ‘The Big Billion Days‘ sale from October 16-21. The six-day event will focus...

Fund of funds for small businesses to be launched soon: MSME secretary AK Sharma

NEW DELHI: The government will soon launch the fund of funds for micro, small and medium enterprises (MSMEs), inviting venture capital and private equity firms...

Single e-compliance window soon: MCA initiates discussions with RBI, Sebi, DPIIT on transfer of data

NEW DELHI: The government is looking to develop a single online compliance framework for India Inc to enable companies to comply with different regulatory requirements...

MSMEs: In 2 years’ time, MSMEs will contribute 60% to India’s exports: Nitin Gadkari

The Indian industry is not depending on Chinese investment, says Minister of Road & Transport and MSMEs. The Prime Minister has given a call for...

India to ban Chinese companies from highway projects, says Gadkari | India News

NEW DELHI: India will not allow Chinese companies to participate in highway projects, including those through joint ventures, Union Minister Nitin Gadkari said on Wednesday...

PSBs disburse Rs 8,320-cr loan to MSMEs under emergency credit line scheme

NEW DELHI: The Finance Ministry on Sunday said public sector banks have disbursed Rs 8,320 crore till June 5 under the Rs 3-lakh crore Emergency...

86% of Covid-19 cases in TN asymptomatic, says TN CM

CHENNAI: As many as 86 per cent of Tamil Nadu’s COVID-19 cases have been found to be asymptomatic, and the lockdown and related curbs have...

View: Keep it simple & work the plan

By Sunil Alagh Prime Minister Narendra Modi has been exemplary in handling the Covid-19 situation through the lockdown, and then giving the economy a much...

Tea Sector: Assam prepares database of skilled and experienced migrants returnees to engage them in industries

GUWAHATI: Assam has started preparing database of the skilled and experienced migrants returnees so that they can be absorbed in the industries. Industries and Commerce...

View: Sitharaman’s first tranche of Rs 20 lakh crore Covid package aimed at giving jobs

By Arvind Panagariya Even from the limited details that Prime Minister Narendra Modi spelt out in his speech on Tuesday evening on the Rs 20...

View: India can not only soften the pandemic’s impact on the economy but also revive growth

The government’s stimulus package, at Rs 20 lakh crore, is large enough in size. But can it address not just immediate relief for the lockdown-...

Covid Lockdown: Karnataka govt announces Rs 1,610 crore package

Bengaluru: The Karnataka government on Wednesday announced a Rs 1,610 crore relief package for the benefit of those in distress due to the COVID-19-induced lockdown....

View: Industrial districts, turn the key

Confederation of Indian Industry (CII) poll of about 100 CEOs conducted on May 4 has revealed that most of them expect the economy to contract...

View: To lock down any further will devastate the economy, almost to a point of no return

By Omkar Goswami Imposing a nationwide lockdown involving 1.3 billion people for 40 consecutive days is hard enough. Getting out of it could be harder...

Bigger stimulus needed for revival: Sanjiv Puri, Chairman, ITC

Kolkata: ITC Ltd chairman Sanjiv Puri said the longer the country is in lockdown, the greater the stress on the economy, which will result in...

covid-19: ‘Covid-19 the last nail in the coffin, this is the gloomiest time ever,’ say MSMEs

Jayanth Mutha, a Bengaluru-based second generation entrepreneur running a business of manufacturing agri-electrical products, is in a contemplative mode these days. The whys and hows...