Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/several-key-sectors-stare-at-export-impact/articleshow/82396215.cms Synopsis–“People are scared to buy from India and uncertain if we can deliver the orders,” said Sharad Kumar Saraf, president of the Federation
Category: Industry
MCA allows more time gap between two board meetings – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/mca-allows-more-time-gap-between-two-board-meetings/article34473303.ece Gap may extend to 180 days against 120 days allowed earlier Resurgence of Covid-19 cases during the ongoing second wave has prompted the
PLI scheme for solar PV modules, BCD a positive for domestic OEMs: ICRA – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/pli-scheme-for-solar-pv-modules-bcd-a-positive-for-domestic-oems-icra/article34471778.ece To support 21 GW modules from over 5 years The Ministry of New & Renewable Energy guidelines for the Production-Linked Incentive (PLI) scheme
Food Processing Ministry floats EoI for PLI scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/food-processing-ministry-floats-eoi-for-pli-scheme/article34472819.ece Selected applicants will get sales-based sops after fulfilling fresh investment target The Ministry of Food Processing has floated an expression of interest (EoI)
Two-wheeler makers report double-digit decline in sales in April on MoM basis – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/two-wheeler-makers-report-double-digit-decline-in-sales-in-april-on-mom-basis/article34473960.ece Honda, Bajaj Auto post record export sales Just like passenger vehicle manufacturers, major two-wheeler companies in the country, including Hero MotoCorp, Honda Scooter
Deadlines under Companies Act relaxed, late fee waived for various filings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/deadlines-under-cos-act-relaxed-late-fee-waived-for-various-filings/articleshow/82376629.cmsSynopsis The relaxation of charge-related timelines shall apply in cases where the creation or modification of the charge falls between April 1 and May
Real estate projects to feel the pinch as steel, cement prices rise | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/real-estate-projects-to-feel-the-pinch-as-steel-cement-prices-rise-121050400003_1.html Road transport & highways ministry charges a 10x toll rate for major bridges, structures Photo: Bloomberg An increase in prices of raw materials
‘Saw 5-fold growth in account opening by women last year’: Ravi Kumar, co-founder and CEO, Upstox | INTERVIEW – The Financial Express
Clipped from: https://www.financialexpress.com/market/saw-5-fold-growth-in-account-opening-by-women-last-year-ravi-kumar-co-founder-and-ceo-upstox-interview/2245385/ The fast-spreading second wave of Covid-19 in India along with vaccine supply issues have caused volatility in the markets for a while now,
China wants to cut steel production volume; abolishes export rebates – The Financial Express
Clipped from: https://www.financialexpress.com/industry/china-wants-to-cut-steel-production-volume-abolishes-export-rebates/2245381/ The Chinese Ministry of Finance and the State Administration of Taxation (customs tariff commission) announced a total abolition of export rebates (13% on
Govt invites EoI latest by June 17 for Rs 11k-cr food processing PLI scheme – The Financial Express
Clipped from: https://www.financialexpress.com/economy/govt-invites-eoi-latest-by-june-17-for-rs-11k-cr-food-processing-pli-scheme/2245365/ Issuing detailed operational scheme guidelines for its Production Linked Incentive (PLI) scheme, the food processing industries ministry Monday invited an expression of interest
Intel CEO says chip shortage will persist for ‘couple of years’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/intel-ceo-says-chip-shortage-will-persist-for-couple-of-years/articleshow/82364203.cmsSynopsis Demand for semiconductors was boosted in 2020 as consumers scooped up home gadgets during the pandemic. But meeting that increase has been hard,
SC asks Centre to inform about settlement of insurance claims of healthcare professionals – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/sc-asks-centre-to-inform-about-settlement-of-insurance-claims-of-healthcare-professionals/articleshow/82373778.cmsSynopsis “While we are dealing with a terrible second wave of the COVID-19 pandemic, there must be an effective policy to ensure that the
India Trade Deficit: Record growth in April exports, trade deficit swells to $15.24 billion – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/india-april-trade-deficit-at-15-24-billion/articleshow/82351264.cmsSynopsis Major export commodities which have recorded positive growth in April include gems and jewellery, jute, carpet, handicrafts, leather, electronic goods, oil meals, cashew,
Vodafone Idea: Can raise $1 billion by June, Vodafone Idea tells lenders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/can-raise-1b-by-june-vodafone-idea-tells-lenders/articleshow/82360491.cmsSynopsis Separately, one of Vi’s domestic lenders, a large public-sector bank, recently extended a bank guarantee for about Rs 1,420 crore by another year,
ICAI to move RBI for tweaking of bank auditor appointment norms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/icai-to-move-rbi-for-tweaking-of-bank-auditor-appointment-norms/article34466122.ece Wants the cooling off period retained; suggests central bank setting minimum number of auditors The Reserve Bank of India’s new rules on statutory
TReDS platform RXIL discounts receivables worth Rs 1,000 crore in a month – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/treds-platform-rxil-discounts-receivables-worth-rs-1000-crore-in-a-month/2228011/ Credit and Finance for MSMEs: From transactions worth Rs 69 crores in April 2020, RXIL reached a whopping Rs 1,105 crore in March
PLI scheme going under utilised, says Niti Aayog vice chairman – The Financial Express
Clipped from: https://www.financialexpress.com/economy/pli-scheme-going-under-utilised-says-niti-aayog-vice-chairman/2242724/ He stressed that the share of manufacturing in GDP should increase and limiting manufacturing only to small scale would not suffice. The Niti
Small, medium, other hotels again reach out to FM Sitharaman; say ECLGS doesn’t help them to survive – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/small-medium-other-hotels-again-reach-out-to-fm-sitharaman-say-eclgs-doesnt-help-them-to-survive/2244186/ Ease of Doing Business for MSMEs: The government had announced the launch of ECLGS 3.0 in March to cover enterprises in hospitality, travel
Modi govt’s relief on GST late fee, tax payment to help MSEs but further extension still needed: Experts – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/modi-govts-relief-on-gst-late-fee-tax-payment-to-help-mses-but-further-extension-still-needed-experts/2244290/ Ease of Doing Business for MSMEs: The Central Board of Indirect Taxes and Customs (CBIC) on Saturday had issued a notification announcing the
How to evaluate cash flow management efficiency – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-how-to-evaluate-cash-flow-management-efficiency/2244454/ A firm should have positive figure for cash from operations to attract the attention of investors If we assign a score of one
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