Page 18 - Msmes

Govt destroying economy by refusing to give cash support to MSMEs: Rahul

Gandhi has called for an immediate provision of Rs 10,000 to the poor and an economic stimulus package for the MSME industry to come out of the current situation

JSL witnesses rebound, export orders approach pre Covid-19 levels

Even though the country is yet to lift the lockdown completely, JSL is recapturing its share in export markets and is ramping up domestic production volumes

70% of MSMEs intend to reduce headcount to save businesses: AIMO survey

The survey's result, the second part of the survey series conducted by AIMO amongst the corporates, MSMEs, self employed persons and others, was based on the responses from 46,525 participants.

SBI creates separate business vertical to drive MSME, agri finance

Under FI&MM, the bank will offer loans predominantly for agriculture & allied activities, and micro/small enterprises and vastly improve customer experience for the citizens in the hinterland

Covid-19 crisis: PM Modi says growth will return, more reforms in the works

He said the pandemic might have applied the brakes on the speed of the economic growth, but the country had left behind the phase of lockdown and entered the first phase of unlocking.

MoD discusses proposed defence procurement guidelines with industry

On the question of making procurement faster and simpler, Chandra said that DPP 2020 aimed at reducing the burden of bank guarantees

Over a third of MSMEs may end up shutting down operations, says AIMO survey

The results are based on 46,525 responses AIMO received from across industry segments including self-employed, MSME owners, corporate CEOs, employees and experts

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

Atmanirbhar Bharat: Union Cabinet approves changes in definition of MSMEs

The government also approved an equity scheme for MSMEs worth Rs 50,000 crore

'Govt, firms should take note of ICC's suggestions'

The ICC wants the governments to provide direct and immediate support to small businesses to ensure their continued operation

When will Krishna get her old life back?

Her son and daughter who both have jobs in small businesses, had found themselves home without pay during the lockdown

Urban co-operative banks seek guarantee cover for their MSME borrowers

UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore

Lockdown 4.0: Not looking for dole, need better policies, say Meerut MSMEs

The fourth of a five-part series looks at the situation in the industrial heartland of Western UP where firms prefer GST refunds, supportive policies over handouts

Many unhappy returns

For states that account for the bulk of the migrants, this unprecedented reverse migration imposes extraordinary challenges of absorbing them without causing social disruptions

UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper

The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors

UP to bring industry chambers on board for providing jobs to migrants

So far, the state has evacuated more than 2.5 mn stranded workers

Sooner than later, govt will accept our suggestions on economy: Chidambaram

A stubborn government has no choice and must listen to experience and wise counsel, says Chidambaram

Govt exploring new lending institutions to help small-scale units: Gadkari

Nitin Gadkari requested all the stakeholders to work in tandem and urged the industry to maintain a positive attitude to tide over this crisis

Top biz headlines: ATMs to become virtual bank branches, Airtel deal & more

Here are the top 10 headlines on Tuesday morning

Delhi govt asks departments not to issue global tenders up to Rs 200 cr

In an order, the Delhi Finance Department forwarded the Central government's amendment for "information and necessary action"