The government had revised the definition of MSME, which means that it has increased the turnover limit up to Rs 100 crore and investment limit
Category: RBI–Banks
Collateral-free loan, revision of MSME definition bring cheers to textile industry – The Financial Express
The government had revised the definition of MSME, which means that it has increased the turnover limit up to Rs 100 crore and investment limit
MSMEs to get a breather, but recovery worry stays – The Financial Express
While the 12-month moratorium on repayments will buy micro, small and medium enterprises (MSMEs) time to ride out the Covid storm, questions remain on the
Street vendor loans an uncharted turf for big banks – The Hindu
Commercial banks have no experience extending such loans; small finance banks, MFIs with speedy disbursal could help The recent announcement by the government to offer
Street vendor loans an uncharted turf for big banks – The Hindu
Tough call: There’s no time to build savings habit, as a vendor needs loan immediately, says an official. Shiv Kumar Pushpakar Commercial banks have no
Economy can’t be locked down for long, have to live with Covid: SBI Chairman – The Economic Times
Rajnish Kumar said any loss to GDP will get distributed to Centre, cos and thus impact banks. NEW DELHI: The chairman of the country’s biggest
Decoding economic revival package: Factoring in limited fiscal space, it bets on enhanced credit flows as a trigger
In order to get a feel of the contours of the government’s Rs 20 lakh crore revival package, it is useful to understand the circumstances
Reform 4.0 package promises a better tomorrow for the sectors in focus | Business Standard News
The measures announced should be viewed as beneficial, where they seek to bring in more private investment in mining, coal, airports, social infra and power
FM Sitharaman’s fourth tranche: From reforms in mineral mining sector to defence manufacturing – The Economic Times
The FM unveiled structural reforms in 8 sectors, including coal and defence, in 4th tranche of economic package. She proposed to dismantle historical domestic trade
अक्षम्य बेपर्वाई – अग्रलेख महाराष्ट्र टाइम्स
अर्थमंत्री निर्मला सीतारामन आणि अर्थ राज्यमंत्री अनुराग ठाकूर यांनी गुरुवारी ‘आत्मनिर्भर भारत अभियाना’च्या आर्थिक पॅकेजच्या तपशिलाचा दुसरा टप्पा … अर्थमंत्री निर्मला सीतारामन आणि अर्थ राज्यमंत्री
NBFCs urge RBI to allow draw-down from reserves for provisioning–Economic Times
Summary “We urge upon RBI to consider, as a one-time measure, to allow NBFCs to draw-down from their Reserves and adjust towards additional Expected Credit Losses
bad bank: India may face hurdles in creating a bad bank – The Economic Times
Summary As per the proposal submitted to the government and the Reserve Bank of India, fraud-hit accounts could be considered on a case-to-case basis, with approval
farmers: FM’s announcement may increase income of the farmers by 25%-30%, feels EY India – The Economic Times
Announcement for medicinal plants corridor along the river Ganga will further strengthen the soft power of India apart from adding income to one of the
Experts feel that Rs 20L-Cr stimulus should have come earlier – The Economic Times
“By the time the lockdown is lifted, a fairly large part of our production capacity would have gone under,” said former chief statistician Pronab Sen
Government can use the escape clause in the FRBM Act to monetise the deficit: Usha Thorat – The Economic Times
The RBI, along with the government, would have to ensure the additional borrowing programme does not put pressure on bond yields, said Thorat. She said
By default: Coronavirus threatens to derail retail boom for Indian lenders – The Economic Times
Summary Indian banks are facing a jump in coronavirus-related defaults on credit card dues, personal and vehicle loans. Non-repayment of credit card and personal loans has
Covid-19 big picture: Brace for a disaster much bigger than you expected | Business Standard Column
If the business of doubling rate continues as it is currently, be prepared for bad news not just from the perspective of the coming medical
After lockdown, phased reopening: Authorities should proactively work to restart industry and businesses – The Financial Express
There should be a change in mindset, where local authorities are expected not only to check the spread of pandemic but also proactively work to
Higher borrowing of ₹4.2-lakh crore by Centre in FY21 unlikely to result in meaningful fiscal stimulus – The Hindu BusinessLine
Increased borrowing of ₹4.2-lakh crore by the central government in FY2021 is unlikely to translate into meaningful fiscal stimulus, unless the Centre sharply cuts the budgeted
Has PM Modi grown highly cautious about the economy?–Editorial–Deccan Chronicle
When the government had announced Tuesday afternoon that Prime Minister Narendra Modi would be addressing the nation, the entire country waited in anticipation. In his
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