The compound interest accrued during the six-month moratorium on the repayment of loans of up to two million rupees taken by individuals and micro, small and medium-sized enterprises (MSMEs) will not be applied, the Center told the Supreme Court in an affidavit on Friday. The moratorium was announced as part …
Read More »
Written by George Mathew | Mumbai | Updated: September 18, 2020 7:05:23 am According to a committee report, the group would supply around 4 million MSMEs workers and generate a capacity of Rs 75 billion initially, including the provision of a government backing. Amit the Covid outbreak, the Insurance Regulatory …
Read More »
Finance Minister Nirmala Sitharaman on Thursday told banks to set up loan restructuring schemes by September 15 to rescue all viable business units affected by the Covid-19 pandemic. She was holding a review meeting with the heads of scheduled commercial banks and non-bank finance companies (NBFCs) via video conference. Top …
Read More »
[ad_1] NEW DELHI: 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 Line Of Emergency Credit Guarantee System Of (ECLGS) for the MSME sector hard hit by the coronavirus of the crisis. The ECLGS …
Read More »
[ad_1] The leader of the Congress and former Minister of Finance, P Chidambaram, tweeted under the condition of MSMEs (File) New Delhi: The leader of the Congress, P Chidambaram, hit the government today, highlighting apparently contradictory statements by two Union ministers about the condition of the MSMEs (micro, small and …
Read More »
[ad_1] IIT Madras, industry bodies to study the impact of COVID-19 on MSMEs in Tamil Nadu Chennai The Indian Institute of Technology (IIT) Madras is collaborating with industry agencies to understand the impact of the COVID-19 crisis on micro, small and medium enterprises (MSMEs) in Tamil Nadu. The study is …
Read More »
[ad_1] Written by Sunny Verma George Mathew The | Updated: May 14, 2020 12:47:00 pm Workers are seen resuming work in Katraj when few industries start operating. (Express photo by Ashish Kale) The government’s decision to establish a liquidity infusion package for micro, small and medium-sized companies, which implies providing …
Read More »
[ad_1] Foreign Minister S Jaishankar praised Finance Minister Nirmala Sitharaman’s announcements on Thursday under the government’s Rs 20 lakh crore stimulus package and described them as “bold initiatives”. “Foreign policy begins at home. A strong economy allows our voice to be heard in the world. Applaud the bold initiatives of …
Read More »
[ad_1] Opposition parties expressed their disappointment with the special Covid-19 stimulus package announced by the Center on Wednesday with Congress alleging that it has nothing for migrant workers returning to their home states. Congress sent former finance minister P Chidambaram to counter government announcements. “There is nothing in what the …
Read More »
[ad_1] New Delhi: Finance Minister Nirmala Sithraman announced Wednesday 15 measures to help the economy recover and drive its future growth based on Prime Minister Narendra Modi’s vision of self-sufficient India. Six of the measures correspond to one of the most affected sectors, micro, small and medium-sized enterprises (MSMEs), the …
Read More »