Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-schemes-2020-what-was-announced-what-was-utilised-and-what-is-needed-in-2021/2266219/ As we grapple with an even deadlier second wave of the pandemic this year, it would be interesting to see how last year’s
Category: EXIM
Production-Linked Incentive scheme reset: Govt may shift smartphone PLI by a year – The Financial Express
Clipped from: https://www.financialexpress.com/industry/production-linked-incentive-scheme-reset-govt-may-shift-smartphone-pli-by-a-year/2266267/ Outlay, investment & sales targets, and incentive structure would remain the same Companies that did not meet the FY21 incremental sales target now
China is now second-largest export destination, behind only US – The Financial Express
Clipped from: https://www.financialexpress.com/economy/trade-talk-china-is-now-second-largest-export-destination-behind-only-us/2266285/ Analysts, however, caution against reading too much into the FY21 data, saying “one swallow doesn’t make a summer”. As such, the pandemic year
How has the second wave of Covid hit trade? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/how-has-the-second-wave-of-covid-hit-trade/articleshow/83253696.cmsSynopsis The problem that many businesses face, like last year, is that of manpower. But where last year, the crisis was because of the
Investments in land, building, second hand machines, raw material out of PLI eligibility – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/investments-in-land-building-second-hand-machines-raw-material-out-of-pli-eligibility/articleshow/83239222.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Investment will include expenditure incurred on new plant, machinery, equipment and associated utilities, research and development, and transfer of technology relating to the
Major global, local players ‘keen on ₹12,195-cr telecom PLI scheme’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/major-global-local-players-keen-on-12195-cr-telecom-pli-scheme/article34730115.ece?homepage=true The scheme is open to both MSMEs and non-MSME companies After the Production-Linked Incentive scheme for large-scale electronics manufacturing (mobile phones) last year,
Extended lifeline – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/extended-lifeline/article34719958.ece ECLGS is a useful lifeline to stressed borrowers, but its expanding scope calls for checks and balances As the Centre weighs the need
Excise duty mop-up up by 62% in FY21, highest during Modi regime – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/excise-duty-mop-up-up-by-62-in-fy21-highest-during-modi-regime/article34719631.ece Petrol, diesel shore up govt’s revenues to ₹3.89-lakh crore The Centre has collected over ₹3.89-lakh crore through central excise duty during FY21; this
PLI scheme worth Rs 12,195 cr for telecom, networking equipment announced; here’s how to apply–business today
Clipped from: https://www.businesstoday.in/sectors/telecom/pli-scheme-rs-12195-cr-telecom-networking-equipment-announced-how-apply/story/440782.html Applicants can start the registration process for the scheme from June 1, 2021, at pli-telecom.udyamimitra.in. The application window will be open for 30 days
Cabinet secy-led panel wants PLI scheme revamp to boost manufacturing | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/cabinet-secy-led-panel-wants-pli-scheme-revamp-to-boost-manufacturing-121060300030_1.html Suggests institutional mechanism, regular hand-holding for firms A high-level committee headed by Union Cabinet Secretary Rajiv Gauba has suggested a revamp of the
How RBI’s Resolution Framework 2.0 can help MSMEs tide over Covid mess; is Udyam registration required? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/how-rbis-resolution-framework-2-0-can-help-msmes-tide-over-covid-mess-is-udyam-registration-required/2263186/ For borrowers who had availed restructuring under Resolution Framework 1.0, RBI Governor Shaktikanta Das had allowed lenders to modify their plans to increase
Use fiscal leeway to boost spending – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/use-fiscal-leeway-to-boost-spending/articleshow/83153041.cmsSynopsis At the same time, the government managed to slip in outstanding dues to the Food Corporation of India and fertiliser producers into the
GDP growth springs a positive surprise: Four implications for FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gdp-growth-springs-a-positive-surprise-four-implications-for-fy22-121053101265_1.html The positives apart, it is clear consumption can’t rebound meaningfully without large-scale vaccination; the good news is the rate is likely to improve
GDP growth number: A pleasant surprise, but will it help in FY22? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gdp-growth-number-a-pleasant-surprise-but-will-it-help-in-fy22-121053101050_1.html With the second wave leading to a close down of services, in particular, progress will remain retarded Madan Sabnavis The GDP growth number
What is Modi govt’s pet PLI scheme, who is eligible, which sectors have it? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/production-linked-incentive-what-is-modi-govts-pet-pli-scheme-who-is-eligible-which-sectors-have-it/2262391/ PLI scheme offers incentives on incremental sales for products manufactured in India. The first three PLI schemes were approved in March last year
Government approves four firms under PLI scheme for bulk drugs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/government-approves-four-firms-under-pli-scheme-for-bulk-drugs/articleshow/83118978.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis All the 215 applications received for the 36 products spread across the four target segments were considered and appraised and selected participants duly
What do the latest GDP numbers tell us? Sadly, nothing encouraging – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-what-do-the-latest-gdp-numbers-tell-us-sadly-nothing-encouraging/articleshow/83124097.cmsSynopsis Barring agriculture, which continued its stellar performance, growing at 3.6% in FY2021, and electricity that grew at 1.9%, every other sector contracted during
Overall impact of second COVID-19 wave on economy not likely to be large, says CEA Subramanian – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/overall-impact-of-second-covid-19-wave-on-economy-not-likely-to-be-large-says-cea-subramanian/articleshow/83117733.cmsSynopsis He further said that given the circumstances due to the pandemic, it is difficult to forecast if the country would achieve a double
The rocket rupee | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-rocket-rupee-121053000932_1.html It does feel like we are close to the end of the rupee’s rally, says Jamal Mecklai Technically, it is beginning to appear
Stimulus package should be broad-based, like Budget: NITI Aayog chief | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/stimulus-package-should-be-broad-based-like-budget-niti-aayog-chief-121053000658_1.html In a Q&A, Amitabh Kant says the package should aim to lift growth instead of picking specific sectors for assistance Amitabh Kant said
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