Clipped from: https://www.businesstoday.in/current/economy-politics/cabinet-approves-rs-10900-crore-pli-scheme-for-food-processing-industry/story/435351.html The PLI scheme will incentivise manufacturing of four major food product segments — ready to cook/eat foods, processed fruits and vegetables, marine products
Category: Economy
Emergency credit line guarantee scheme extended till June 30–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/emergency-credit-line-guarantee-scheme-extended-till-june-30/story/435370.html ECLGS 3.0, which will cover the newly added service sectors, will involve extension of credit of up to 40 per cent of total
Govt extends current foreign trade policy till Sept 30–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/govt-extends-current-foreign-trade-policy-till-sept-30/story/435360.html The government had extended the Foreign Trade Policy 2015-20 for a year till March 31, 2021 on March 31, 2020 amid the coronavirus
Cabinet approves Rs 10,900 crore PLI scheme for food processing industry–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/cabinet-approves-rs-10900-crore-pli-scheme-for-food-processing-industry/story/435351.html The PLI scheme will incentivise manufacturing of four major food product segments — ready to cook/eat foods, processed fruits and vegetables, marine products
A billion for every chip-maker who ‘makes in India’ – The Hindu
Clipped from: https://www.thehindu.com/sci-tech/technology/a-billion-for-every-chip-maker-who-makes-in-india/article34207041.ece How to disburse the cash incentives has yet to be decided and the government has asked the industry for feedback, said a second
Govt defers labour codes implementation – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/govt-defers-labour-codes-implementation/article34206220.ece Employees’ take home pay, companies’ PF liability to remain same for now The four labour codes will not come into effect from April
RBI asked to ensure retail inflation remains at 4% till March 2026, says top official – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/govt-rbi-retain-2-6-inflation-target-for-5-years-ministry-official/articleshow/81781131.cmsSynopsis The earlier monetary policy framework, signed by Prime Minister Narendra Modi’s government with the Reserve Bank of India in 2015, had set up
France turns to grandparents to liberate Covid cash pile – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/france-turns-to-grandparents-to-liberate-covid-cash-pile/article34195397.ece France is weighing tax breaks for grandparents who hand cash to their grandchildren as a way to boost the economic recovery and mobilise
CBIC notifies new system for filing bill of entry for importers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cbic-notifies-new-system-for-filing-bill-of-entry-for-importers/article34197122.ece Hopes to facilitate faster clearance The Central Board of Indirect Taxes and Customs (CBIC) has notified a new system for filing Bills of
Higher import tariffs will hurt Atmanirbharta – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/higher-import-tariffs-will-hurt-atmanirbharta/article34200087.ece?homepage=true A well-calibrated Foreign Trade Policy is key to helping import competing industries. Higher import tariffs will hurt exports An overarching goal of the
‘Fintech can bridge MSME credit gap with digital data to assist risk analysis, cash flow-based lending’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-fintech-can-bridge-msme-credit-gap-with-digital-data-to-assist-risk-analysis-cash-flow-based-lending/2223151/ Credit and Finance for MSMEs: Access to reliable data in an “easy to access and analyse” digital format is at the center of
SBI to revamp MSME lending ops to increase efficiency – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/sbi-to-revamp-msme-lending-ops-to-increase-efficiency/2223469/ “With the objective of becoming banker of choice for MSMEs, SBI intends to improve existing processes and structure in the SME space for
MSMEs look at Foreign Trade Policy for relief from up to 50% spike in input, fuel costs – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/msmes-look-at-foreign-trade-policy-for-relief-from-up-to-50-spike-in-input-fuel-costs/articleshow/81752705.cmsSynopsis The Ministry of Commerce and Industry is likely to roll out its new foreign trade policy for a five-year period effective from April
Big opportunity for private sector! Highway projects worth Rs 50,000 crore up for grabs–BUSINESS TODAY
Clipped from: https://www.businesstoday.in/sectors/infra/highway-projects-construction-build-operate-transfer-bot-hybrid-annuity-public-private-partnership-ppp-ministry-of-road-transport-modi/story/435224.html Going forward, National Highways Authority of India (NHAI) will bid out projects worth Rs 30,000 crore on build, operate, and transfer BoT (Toll)
A plot against the poor: Beware the carbon tariffs that’ll act as back-door protectionism for rich countries–TIMES OF INDIA
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-edit-page/a-plot-against-the-poor-beware-the-carbon-tariffs-thatll-act-as-back-door-protectionism-for-rich-countries/Bjorn Lomborg The writer is president of the Copenhagen Consensus Center. To tackle climate change, rich nations are promising to end fossil fuel use
Govt likely to extend further current foreign trade policy – The Financial Express
Clipped from: https://www.financialexpress.com/economy/govt-likely-to-extend-further-current-foreign-trade-policy/2223488/ FTP provide guidelines for enhancing exports to push economic growth and create jobs. In such a policy, the government announces support measures for
Retail loans set to become largest segment for Indian banking industry | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/retail-loans-set-to-become-largest-segment-for-indian-banking-industry-121033000016_1.html Lenders depending on personal loans rather than industrial credit According to the Reserve Bank of India (RBI) data, banks shrunk their industrial and
SEE CHANGE aims to be a leading Indian brand in MSME consulting – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/see-change-aims-to-be-a-leading-indian-brand-in-msme-consulting/article34187940.ece SEE CHANGE Consulting aims to become a leading home-grown brand in the MSME (micro, small and medium enterprise) consulting space with a strategy
Interest refund: Banks want Govt to pick the tab on loans over ₹2 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-want-finmin-to-pick-up-the-tab-for-refund-of-interest-on-interest-for-loans-above-2-cr/article34190603.ece Banks fear this will lead to an impact on their bottomline Banks want the government to pick up the tab for refunding amounts
Govt may wait for clarity before announcing new foreign trade policy | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/govt-may-wait-for-clarity-before-announcing-new-foreign-trade-policy-121032800859_1.html The latest trade figures show that between April 2020 and February 2021, exports of merchandise and services stood at $439.64 billion The Foreign Trade
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