Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-can-lend-about-46000-crore-to-msmes-civil-aviation-sector/article34683172.ece?homepage=true Scheme extended up to Sept-end or till guarantees of ₹3-lakh crore are issued Banks can lend about ₹46,000 crore to the micro, small
Category: Economy
Emergency credit scheme to now cover civil aviation, oxygen plants – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/emergency-credit-scheme-to-now-cover-civil-aviation-oxygen-plants/article34683988.ece In boost to multiple sectors, ₹500-crore debt ceiling for loan eligibility also goes The Government on Sunday expanded the scope of the Emergency
India: Inflation undone? Some inflation worries highlighted earlier have come to pass – The Financial Express
lipped from: https://www.financialexpress.com/opinion/india-inflation-undone-some-inflation-worries-highlighted-earlier-have-come-to-pass/2261827/ As demand for goods and services pick up gradually (though worth noting that we are not forecasting a rapid rise in demand like
NDA failed to do its job on the economy: Big job-creating schemes needed to revive consumer demand & small businesses – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/nda-failed-to-do-its-job-on-the-economy-big-job-creating-schemes-needed-to-revive-consumer-demand-small-businesses/2261834/ At the last count, the cumulative loss of salaried jobs, since the pandemic, was 12.6 million across urban and rural areas; as of
Interest payments: Centre’s soaring debt may curb productive spending – The Financial Express
Clipped from: https://www.financialexpress.com/economy/interest-payments-centres-soaring-debt-may-curb-productive-spending/2261908/ Foster expected debt to stabilise at around 92% of GDP by FY25, against 88.9% (Moody’s estimate) in FY21. This is among the least
‘RBI may keep repo rate unchanged’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-keep-repo-rate-unchanged/article34683797.ece?homepage=true The MPC has held repo rate rock-steady at 4% since May 2020 The rate-setting monetary policy committee (MPC) is likely to stand pat
Economy showing symptoms of stagflation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/economy-showing-symptoms-of-stagflation/article34683323.ece?homepage=true Expansionary fiscal policy, especially increased govt spending, is needed to overcome the pandemic-induced disruptions Iranian oil workers’ strike and subsequent surge in fuel
PSBs to follow templated approach to restructure loans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/psbs-to-follow-templated-approach-to-restructure-loans/article34681671.ece?homepage=true Resolution process has to be invoked within 30 days from the receipt of the application Public Sector Banks (PSBs), under the aegis of
Across the Aisle: A bigger calamity awaits us, writes P Chidambaram – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-a-bigger-calamity-awaits-us-writes-p-chidambaram/2261454/ However, there is one thing about the future that is no longer uncertain. It is about the economic conditions of the people of
Covid-19 second wave caught us by surprise, India was not ready: Finance Minister Nirmala Sitharaman | Deccan Herald
Clipped from: https://www.deccanherald.com/national/covid-19-second-wave-caught-us-by-surprise-india-was-not-ready-finance-minister-nirmala-sitharaman-991552.html The issue of limited medical infrastructure was addressed in the February 2021 Budget, she said Finance Minister Nirmala Sitharaman. Credit: PTI File Photo
From ACs to LED lights, what the PLI booster dose can do for India’s white goods sector – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/from-acs-to-led-lights-what-the-pli-booster-dose-can-do-for-indias-white-goods-sector/articleshow/83056607.cmsSynopsis The Government has been ambitious in rolling out large sums for incentivising manufacturing in India. For the white goods sector also, the Cabinet
Create a market for catastrophe bonds – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/create-a-market-for-catastrophe-bonds/articleshow/83045707.cmsSynopsis For another, these offer attractive yields, and so can well be lapped up by long-term investors with the requisite risk appetite. The rising
SME: Bengal SMEs, exporters seek relaxation from COVID-19 restrictions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/bengal-smes-exporters-seek-relaxation-from-covid-19-restrictions/articleshow/83033086.cmsSynopsis West Bengal hosts the highest number of MSMEs in the country and they play a vital role in the state economy. KOLKATA: In
Joe Biden’s $6 trillion budget: Social spending, taxes on business | Business Standard News
Clipped from: https://www.business-standard.com/article/international/joe-biden-s-6-trillion-budget-social-spending-taxes-on-business-121052801800_1.html Biden has already described, in general terms, major plans on infrastructure and he won a major victory on Covid-19 relief earlier this year
Booster dose – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-centre-will-need-to-step-in-with-measures-to-support-demand-and-revive-private-investment/article34669822.ece The Centre will need to step in with measures to support demand and revive private investment The Centre would do well to pay
KCCI seeks solutions to tackle Covid-induced problems of MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/kcci-seeks-solutions-to-tackle-covid-induced-problems-of-msmes/article34665139.ece Demands measures including relaxation of NPA norms for loans availed, waiver of fixed charges of Escoms With the second wave of Covid pandemic
Cab drivers seek moratorium on vehicle loans, support – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/national/cab-drivers-seek-moratorium-on-vehicle-loans-support/article34671113.ece “Banks and the finance cos are seizing vehicles even as the drivers are struggling to earn enough to survive” KV Kurmanath With the pandemic
FISME writes to RBI’s Shaktikanta Das; suggests funding cash losses, suspending SMA norms, others for MSMEs – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/fisme-writes-to-rbis-shaktikanta-das-suggests-funding-cash-losses-suspending-sma-norms-others-for-msmes/2260116/ FISME also suggested sanctioning term loans to firms whose capital expenditure may have got stuck midway, suspending bank loan ratings by external credit
‘SC ruling to hold personal guarantor liable in insolvency cases to strengthen MSMEs’ credit discipline’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/sc-ruling-to-hold-personal-guarantor-liable-in-insolvency-cases-to-strengthen-msmes-credit-discipline/2258952/ The judgment will also encourage the promoters to use the pre-pack regime for MSMEs to find resolutions acceptable to the creditors and strengthen
India’s apparel exporters stare at a rough patch amid Covid lockdown – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/apparel-exporters-stare-at-a-rough-patch/articleshow/82985056.cms SynopsisThe next six months will be tough, an exporter said, worried that a long spell of lockdowns could cost them the Christmas business
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