Clipped from: https://economictimes.indiatimes.com The government racked up a budget deficit of 4.6% of GDP in the fiscal year that ended in March. India missed its fiscal
Category: RBI–Banks
Don’t cut direct stimulus fearing a debt overload. It can severely dent India’s economic recovery. – ET Prime
Clipped from: https://prime.economictimes.indiatimes.comPrime Minister Narendra Modi promised a mammoth INR20 lakh crore stimulus — at 10% of the GDP — to resuscitate the economy. But the
Over one-third MSMEs start shutting shop as recovery amid Covid-19 looks unlikely: AIMO survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com The govt’s package has not reached the MSMEs and is also not enough to make up for the loss, a study said. About
Biggest challenge to put financial sector back on feet once India unlocks economy: Arvind Panagariya – The Economic Times
Clipped from: https://economictimes.indiatimes.com Getting the financial sector back on its feet will remain the government’s number one challenge, Panagariya said. NEW DELHI: The ‘number one’ challenge
No money to bring trucks back on road, pay EMIs: The lockdown burden could crush many transporters – ET Prime
Clipped from: https://prime.economictimes.indiatimes.comAfter the initial pleasantries, the disquiet in Sachin Jain’s voice on the other side of the call is obvious when asked about business volume.
msme new definition: New MSME definition pegs medium firms at turnover of Rs 250 cr, Cabinet approves Rs 50K crore equity infusion for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ The Union Cabinet on Monday said it has approved and further revised the definition of MSMEs in the country. The Union Cabinet on
Slowdown, then pandemic | Business Standard Editorials
Clipped from: https://www.business-standard.com GDP data shows virus hit an already weakened economy The National Statistical Office last Friday released its provisional estimates of gross domestic product (GDP) for
Budget 2020: Chidambaram slams Modi govt; says economy close to collapse, unemployment making India poorer – The Financial Express
Clipped from: https://www.financialexpress.com Budget 2020-21: Chidambaram said the government is facing shortfall in all forms of taxes – Rs 1.56 lakh crore in corporate tax, Rs
PM Modi appoints committee headed by Rajnath Singh for MSME loan scheme implementation: Nitin Gadkari – The Financial Express
Clipped from: https://www.financialexpress.com Credit and Finance for MSMEs: MSME Minister Nitin Gadkari has asked small businesses to email him directly in case of problems faced by
Covid crisis: Boost banks’ equity bases and get them to lend; else economy will sink further – The Financial Express
Clipped from: https://www.financialexpress.com Boost banks’ equity bases and get them to lend; else the economy will sink further The unfortunate truth is that until companies are
economy: View: Sharp fall in the latest growth estimates is a wake-up call to GoI to ramp up its stimulus package – The Economic Times
Clipped from: https://economictimes.indiatimes.com It will be a while before we get back anywhere near the 7-8% growth of the go-go years. For all its shortcomings, both
There’s a problem with the economy: Modi’s thinking | Deccan Herald
Clipped from: https://www.deccanherald.com In the spate of interviews she gave to newspapers and television news channels after her five press conferences announcing the Rs 20 lakh
Das is right, Subramanian is wrong | Deccan Herald
Clipped from: https://www.deccanherald.com Last Friday, Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), finally admitted to what had become fairly obvious by then:
Govt’s decision to revise MSME definition was long due; relief amid coronavirus to boost investments – The Financial Express
Clipped from: https://www.financialexpress.com/ Owing to significance of MSMEs, the Government has extended certain benefits to entities falling with the MSME bracket to strengthen and incentivize them.
GDP data’s message: Government needs to do more–Times of India
Clipped from: https://timesofindia.indiatimes.com The gross domestic product numbers for both the fourth quarter of 2019-20 and also the full financial year, which were released on 29th May,
Quandry, the present state of MSMEs | Deccan Herald
Clipped from: https://www.deccanherald.com The Micro, Small and Medium Enterprises (MSME) sector, besides being the largest jobs provider in the country after agriculture, also contributes to more
‘Provide one-time restructuring of NBFC loans’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ Non-banking finance companies have asked Finance Minister Nirmala Sitharaman to amend the special liquidity scheme to cover a tenure of up to three
GST hike in non-essential items ruled out – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ The government has ruled out any Goods & Services (GST) hike for non-essential goods. It has also said ‘no’ to monetisation of deficit,
We need to plan for the next round of NPAs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ The RBI should draw up guidelines on rolling back rules on moratorium and NPA classification. Banks and NBFCs need financing so they are
A silent Surat: No orders, dormant looms and no diamond polishing | Business Standard News
Clipped from: https://www.business-standard.com The final part of the series looks at how industries are waiting for demand to bounce back A lone worker engaged in daily