Clipped from: https://www.business-standard.com/article/companies/rbi-supersedes-boards-of-srei-companies-plans-for-insolvency-proceedings-121100400867_1.html RBI said it has appointed Rajneesh Sharma, ex-chief general manager of Bank of Baroda, as the administrator of the companies The Reserve Bank
Day: October 4, 2021
Adani to triple solar power generation capacity in four years – The Financial Express
Clipped from: https://www.financialexpress.com/industry/adani-to-triple-solar-power-generation-capacity-in-four-years/2343629/ The overall investments, both organic and inorganic, across the entire green energy value chain would range between USD 50 and USD 70 billion.
Rs 20k crore Subordinate Debt: Govt extends scheme till March 2022 but do MSMEs need it? | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-do-msmes-need-rs-20000-crore-subordinate-debt-scheme-thats-been-extended-till-march-2022/2343557/ Credit and Finance for MSMEs: The scheme’s purpose was to provide guarantee coverage for CGSSD to offer subordinate debt support with respect to
ECLGS: Govt extends emergency credit scheme till March 31 next year; here’s what MSMEs want – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-eclgs-what-msmes-want-this-time-with-likely-extension-of-modi-govts-emergency-credit-scheme/2340391/ Credit and Finance for MSMEs: As of September 24, 2021, over Rs. 2.86 lakh crore worth of loans were sanctioned under the scheme
Delayed payment applications filed by MSMEs near a whopping 1-lakh mark: Govt data – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-applications-for-clearing-over-rs-24k-crore-worth-msme-payments-filed-since-launch-of-msme-samadhaan-portal/2342813/ Ease of Doing Business for MSMEs: Out of the total applications filed, only 10 per cent (9,381) applications involving Rs 1,685 crore were
Modi govt’s MSME job portal: Only 54 vacancies currently for 4.73 lakh job seekers – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/msme-skil-modi-govts-msme-sampark-job-portal-only-54-vacancies-currently-for-4-73-lakh-job-seekers/2342869/ Skill, Labour, Talent for MSMEs: The number of jobseekers was up by only 1.49 per cent from 4.66 lakh as of September 7, 2020,
MSMEs may soon get exemption from mandatory statutory audit; NFRA seeks suggestions on proposed move – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/msme-eodb-nfra-seeks-suggestions-on-whether-msmes-should-be-exempted-from-mandatory-statutory-audit-to-ease-compliance-burden/2341360/ Ease of Doing Business for MSMEs: NFRA said that the regulations relating to financial reporting and auditing ‘should not impose undue burden and
RBI Monetary Policy Oct 8: MPC likely to keep repo rate unchanged, may absorb some surplus liquidity – The Financial Express
Clipped from: https://www.financialexpress.com/economy/rbi-monetary-policy-oct-8-mpc-likely-to-keep-repo-rate-unchanged-may-absorb-some-surplus-liquidity/2343243/ The monetary policy meetings seem to have reached a stage where decisions from the RBI will be more keenly watched than what the
How your health insurance will help if taking treatment at a non-network hospital – The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/how-your-health-insurance-will-help-if-taking-treatment-at-a-non-network-hospital/2343457/ Health insurance companies on board a number of hospitals, clinics on their network. These networked medical facilities provide services to policyholders at a
MSME Credit Growth August 2021: Bank credit to micro, small enterprises up only 1.1% from year-ago, shows RBI data | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-micro-small-enterprises-get-only-1-1-more-credit-from-banks-in-august-vis-a-vis-year-ago/2343390/ MSME Credit Growth August 2021: The share of MSEs in the country’s overall gross bank credit of Rs 108.97 lakh crore in August
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