Clipped from: https://www.financialexpress.com/industry/sme/amazon-infuses-rs-225-crore-into-india-payments-unit/2211237/ Amazon has infused over Rs 225 crore into its payments unit in India, Amazon Pay, according to regulatory documents. Amazon has been pumping
Govt committed to promote renewable energy, especially in MSME sector, says Nitin Gadkari – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/govt-committed-to-promote-renewable-energy-especially-in-msme-sector-says-nitin-gadkari/2211916/ The government is committed to promote renewable energy resources in the country, especially in the micro, small and medium enterprises (MSMEs) sector, Union
Can ‘bad bank’ save our stressed economy? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/bad-bank-need-of-the-hour/articleshow/81478979.cmsSynopsis India’s earlier experience with bad banks seems to have left a feeling of skepticism. In 2004, when IDBI Limited’s bad loans were bought
Transport Ministry proposes de-registration of government owned vehicles after 15 years – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/transport-ministry-proposes-de-registration-of-government-owned-vehicles-after-15-years/articleshow/81480429.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The ministry of road transport and highways on Friday issued a draft notification, proposing that registration of motor vehicles owned by Central government,
India helped over 150 countries during COVID-19: Piyush Goyal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/politics/nation/india-helped-over-150-countries-during-covid-19-piyush-goyal/articleshow/81482183.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis India was not dependent on anybody during the pandemic period, rather it extended support to the world in the battle against the virus,
Sustained economic growth key to India’s future, critical for security reasons: NITI Aayog CEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/sustained-economic-growth-key-to-indias-future-critical-for-security-reasons-niti-aayog-ceo/articleshow/81485037.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Delivering the keynote address at the inauguration of ‘Militaria@Jaipur-2021’, he said as a fallout of the Covid-19-19 pandemic radical reforms were ushered in
20 lakh jabs on Friday, highest so far: Govt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/20-lakh-jabs-on-friday-highest-so-far-govt/articleshow/81481248.cmsSynopsis “India recorded a significant milestone in its countrywide COVID19 vaccination drive which started on January 16. More than 20 lakh (20,53,537) vaccine doses
Production Linked Incentive scheme in telecom: A ‘towering’ initiative – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/production-linked-incentive-scheme-in-telecom-a-towering-initiative/articleshow/81479243.cmsSynopsis The government expects that this scheme will result in an incremental production of Rs 2 lakh crore over the next five years and
Proposed bad bank can only be used as a one-time tool to clean up banks’ balance sheet: CEA KV Subramanian – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/proposed-bad-bank-can-only-be-used-as-a-one-time-tool-to-clean-up-banks-balance-sheet-cea-kv-subramanian/articleshow/81484162.cmsSynopsis The Union Budget for FY22 proposed the setting up of a bad bank in the form of an asset reconstruction company or an
How Covid-19 could change India’s job market and cities – The Economic Times
lipped from: https://economictimes.indiatimes.com/jobs/how-covid-19-could-change-indias-job-market-and-cities/articleshow/81480361.cmsSynopsis “Low-wage occupations may decline by 2030 for the first time… and the STEM professions continue to expand,” McKinsey report said. As for India
Finance Ministry writes to Sebi, ‘requests’ agency to withdraw perpetual bond rule – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/finance-ministry-writes-to-sebi-requests-agency-to-withdraw-perpetual-bond-rule/articleshow/81477791.cmsSynopsis The ministry’s objection is to the rule that requires debt mutual funds to value perpetual bonds as a 100-year instrument from April 1.
India uses digital banking and biometrics to organize its 1.3 billion population – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/india-uses-digital-banking-and-biometrics-to-organize-its-1-3-billion-population/articleshow/81478987.cmsSynopsis India’s public digital infrastructure — in many ways, an immense online bureaucracy — is an outlier to this principle. The effort was
Community-focused banks face existential crises over a lack of capital cushion and inadequate oversight – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/co-operative-banks-face-existential-crises-over-a-lack-of-capital-cushion-and-inadequate-oversight/articleshow/81485825.cms Synopsis–Currently, community banking only exists in some rudimentary form among cooperative banks. But these too face existential crises. Lack of adequate capital, ill-equipped
Irdai asks insurers to bring standard accident cover from Apr | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/irdai-asks-insurers-to-bring-standard-accident-cover-from-apr-121022600639_1.html The insurance regulator has asked general and health insurance providers to provide standard personal accident cover products Representational image Insurance regulator Irdai has asked
Irdai launches standard personal accident cover, maximum Rs 1 cr assured | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/irdai-launches-standard-personal-accident-cover-maximum-rs-1-cr-assured-121022600055_1.html The insurance regulator has come out with a standard personal accident cover, which the general and standalone health insurers have to mandatorily offer
Reforms are good but can lead to tech terrorism: FM Nirmala Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/reforms-are-good-but-can-lead-to-tech-terrorism-fm-nirmala-sitharaman-121022600064_1.html Says Budget shows govt trusts wealth creators, marking directional change Union Finance Minister Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman on Thursday lauded the reform
Disconnect between markets, real economy a global phenomenon: Sebi chief | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/disconnect-between-markets-real-economy-a-global-phenomenon-sebi-chief-121022501509_1.html Sebi chairman Ajay Tyagi on Thursday acknowledged the systemic risk concerns raised by the RBI and Financial Stability Board over a disconnect between
Some mistakes India must avoid this time to make DFIs a success | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/bs-reads-some-mistakes-india-must-avoid-this-time-to-make-dfis-a-success-121021700257_1.html Now that DFIs are making a comeback, three key issues will be crucial for their success -the availability of long-term funds at a
Watch out for MSME risk build-up amid Covid-19 pandemic, says report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/watch-out-for-msme-risk-build-up-amid-covid-19-pandemic-says-report-121021801579_1.html The default rates in September 2020 remained stable at 12.1 per cent, a level also seen in September 2019 The micro units have
GST reconciliation & the credit dilemma – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/gst-reconciliation-the-credit-dilemma/2202862/ The issue of whether the recipient of services can be penalised for non-compliance by the vendor remains open and unanswered However, while that
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