[ad_1] The central government has announced an economic package that supposedly represents about 10 percent of India’s gross domestic product (GDP). GDP is a measure of the economic size of a country. India’s GDP is around Rs 200 lakh crore. This is how 10 percent of that results in Rs …
Read More »In the midst of a pandemic, the government offers credit to MSMEs, capital support
[ad_1] NEW DELHI : Finance Minister Nirmala Sitharaman on Wednesday offered struggling small businesses, the country’s top job creator, a bailout package that includes credit guarantees, capital support and a better chance of winning government contracts as part of ₹20 trillion package to revive the economy. Sitharaman sought to address …
Read More »Nirmala Sitharaman announces infusion of Rs 45,000 cr for NBFC
[ad_1] The government on Wednesday launched a life preserver to the stressed shadow Indian banking sector with an announcement of a Rs 45 billion liquidity infusion through a Partial Credit Guarantee Scheme (PCGS) 2.0 for non-bank financial companies ( NBFC) Union Finance Minister Nirmala Sitharaman made the announcement as part …
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