Page 6 - Msme

Why Modi govt's plan to help small businesses has done little to save them

Businesses from textiles to sports goods and furniture are shuttered or working at a bare minimum, and cows roam streets that would be normally packed with workers and vehicles

ECLGS: NBFC body seeks addition to list of individuals seeking assistance

FIDC said the assistance to eligible individual borrowers under ECLGS is just limited to loans given under MUDRA scheme

Vendors to get interest for delayed payments on govt e-marketplace

Move taken to ensure timely payments particularly to MSMEs; buyer will have to pay interest at the rate of 1% a month

Govt itself weakening 'atmanirbhar' campaign: RSS affiliate on MSME plan

'Govt's recent notification on the MSME sector will enable large corporates and MNCs take indirect control of the manufacturing sector in India through their subsidiaries'

World Bank grants India $750 mn emergency funding to help small businesses

Some 1.5 million businesses in MSME sector will get liquidity and jobs will be saved as a result, says World Bank.

Digital economy, adoption of tech will help achieve $5-trn economy: Goyal

He also stressed the role of productivity in the transformation of any organisation

PSBs lead in disbursing loans to MSMEs under credit guarantee scheme

The bulk of the disbursed amount -about two-third- was contributed by public sector banks.

Scientists in India working to develop vaccine to combat Covid-19: Gadkari

The minister was addressing MSME and Infrastructure-Paving the growth path in Post-COVID World event

Will consider corporation tax rate benefit extension: FM Sitharaman

Says GST rate reduction to go to Council; Council is likely to meet on Friday through video conferencing.

Indian Overseas Bank cuts MCLR by 30 bps, to bring down interest on loans

IOB reduced its interest rate on loans linked to MCLR by 30 basis points in overnight tenor and by 20 bps in one month to one year tenors

Centre warns banks on delays in disbursing Rs 3 trn loans to MSMEs

Urges units facing any such delay to write to it, assured corrective action and disbursement of loan

Market Ahead, June 3: Top factors that could guide markets today

Tata Motors' stock could be active in today's session after the company announced that it has resumed operations across all its manufacturing plants in the country

Nearly 70% listed firms' turnover below new MSME threshold due to lockdown

Not all companies had declared results for FY20. Turnover figures for previous year were used when FY20 numbers were unavailable

Centre raises MSP of 17 kharif crops; further revises MSME definition

Medium units' turnover limit hiked to Rs 250 crore

Key decisions announced in the Cabinet briefing today

Mr Javadekar said MSMEs are the backbone of India's economy and therefore the Cabinet has made a road map for implementation of decisions for the MSME sector

Fullerton India parent infuses Rs 750 crore equity as additional buffer

The company will also benefit from various government initiatives recently announced in the economic package

CBIC clears Rs 11,052 crore GST refund claims since Apr 8 to benefit MSMEs

he finance ministry had on April 8 said that to provide relief during the cor it has been decided to issue all pending GST and custom refunds

UP arranges for 1,000 special trains as migrants arrive in droves

Some 150,000-200,000 migrants are returning to the state daily

PSBs sanctioned loans worth Rs 6.45 trn in lockdown between Mar 1-May 15

State-owned banks launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March

Govt accounts for nearly 94% of Rs 1,819 cr dues payable to MSMEs: CII poll

A study of 450 MSME members revealed that govt departments including state depts owe them Rs 1,709 Cr, while private sector also owes about RS 110 crore