Gadkari accused the cement units of forming cartels to drive up construction material prices. The Minister of MSMEs and Roads, Nitin Gadkari, harshly criticized the steel and cement industries on Saturday for raising prices, without valid reasons. Claiming that these two industries appeared to be taking unfair advantage of government …
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NEW DELHI: Finance Minister Niramala Sitharaman announced on Thursday an Emergency Credit Line 2.0 Guarantee (ECGLS) scheme for 26 stressed sectors, including energy, construction, real estate, iron and steel manufacturing. Identified by the KV Kamath committee, the entities of these 26 sectors, as well as the health sector, have outstanding …
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NEW DELHI: The Center reported Monday The Supreme Court that by November 5, credit institutions must credit the accounts of borrowers who have obtained loans of up to 2 million rupees the compound interest collected during the six-month loan default period and then claim the repayment of the Union government. …
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The announcement, made in an affidavit before the Supreme Court, was welcomed by retailers and small businesses that have been hit the hardest by the pandemic. But it came twinned with a warning. Bearing the cost of paying interest on interest, he told the court, “would naturally have an impact …
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A total of 110,000 people were employed under the Prime Minister’s Job Generation Program (PMEGP) during the coronavirus lockdown, from April to August, Live Hindustan reported. During this time, Uttar Pradesh emerged as the state that employed the largest number of people in the micro, small and medium-sized enterprises (MSMEs) …
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In a key initiative to promote ‘Make in India’ and give a boost to the government’s vision of ‘Atmanirbhar Bharat’, the country’s largest energy producer, NTPC Ltd, has opened a vast land bank within its power plants. for Indian companies interested in establishing industrial parks and manufacturing facilities. The energy …
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Banks can restructure loans of more than 10 trillion rupees largely attributed to 5-6 critical sectors, including aviation, commercial real estate and hospitality, which have been badly affected by the Covid-19 outbreak, according to the bankers. Finance Minister Nirmala Sitharaman last week asked banks and NBFC to implement a one-time …
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Union Minister Nitin Gadkari (File photo) NEW DELHI: Minister of the Union Nitin gadkari on saturday he asked Indian car and component industry not relying on imports and developing local substitutes for products bought abroad, saying that the country’s auto sector has the potential to be the leading global manufacturing …
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India’s business climate ranking could be affected if the World Bank (WB) ordered a review of its flagship Doing Business (DB) reports for the past five years, during which India’s ranking soared 67 spots to 63. On Thursday, the World Bank said it had halted publication of the DB report …
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[ad_1] The government took into account the lessons of the 2008-13 period when designing its stimulus package of Rs 20 lakh crore, Finance Minister Nirmala Sitharaman told ET, explaining why it had avoided reckless spending to revive the economy. He was referring to the program implemented in the wake of …
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