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Ex Finance Commission Head On MSMEs' Role In Becoming 'Viksit Bharat'
Former chairperson of Finance Commission NK Singh on Monday said the Micro, Small, and Medium Enterprises (MSMEs) play an important role in India's quest to become a "Viksit Bharat' (developed India).
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SBI MD Encourages MFIs to Enhance Data Privacy, Cyber Security
State Bank of India (SBI) managing director Alok Kumar Choudhary on Wednesday said there is a need for micro finance institutions (MFIs) to pay attention to data privacy and cyber security as they deal with data of a large number of customers. Speaking at a conference organised by Sa-Dhan, he said, MFIs should also focus on capacity building to de...
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Budget 2021: Rs 15,700 Crore Provided For MSME Sector
Union Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector in the Union Budget 2021-22.
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BJP Promises Micro Finance Loan Waiver For Women Ahead Of Assam Polls
Assam Finance Minister and senior BJP leader Himanta Biswa Sarma on Sunday announced that the state government will waive off the loans borrowed by women from micro-finance institutions (MFI). The announcement by Mr Sarma comes just ahead of the assembly elections due in March-April this year.
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Karnataka Police Busts Fraud Using Mobile-Based Loan Apps
A major online financial fraud theft of personal data of applicants by a few micro finance companies said to be front-end firms of investors in some neighbouring countries has been busted in Karnataka, police said on Thursday.
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RSS Unit Says Centre's Loan Package For Small Businesses Getting Delayed
Private banks are delaying implemention of the Rs 3-lakh crore credit scheme for the Micro, Small and Medium Enterprises (MSME) sector, RSS-affiliated industry body Laghu Udyog Bharti (LUB) informed Union Finance Minister Nirmala Sitharaman on Monday.
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10 Takeaways From Nirmala Sitharaman's Announcements For Defence, Aviation
Finance Minister Nirmala Sitharaman detailed reforms to eight sectors today in the fourth tranche of announcements related to the government's Rs 20 lakh crore package for the coronavirus-hit Indian economy. Among today's big-ticket measures were a 25 per cent increase in FDI in the defence sector and removal of government monopoly on coal mining. ...
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Top 10 Takeaways From Nirmala Sitharaman's Announcements For Farmers
Finance Minister Nirmala Sitharaman on Friday announced 11 measures aimed at boosting agriculture and allied activities affected by the coronavirus crisis. The measures were part of the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi this week for the coronavirus-hit economy. The Finance Minister has already unveiled two...
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IIT Madras, Industry Bodies To Study Impact Of COVID-19 On Tamil Nadu MSMEs
Indian Institute of Technology (IIT) Madras is collaborating with industry bodies to understand the impact of COVID-19 crisis on Micro, Small and Medium Enterprises (MSMEs) in Tamil Nadu.
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"Will Boost Liquidity": PM Modi On Nirmala Sitharaman's Announcements
Prime Minister Narendra Modi said today that Finance Minister Nirmala Sitharaman's announcements would go a long way in addressing issues faced by businesses, especially Micro, Small and Medium Enterprises (MSMEs) hit by the coronavirus crisis and the weeks-long lockdown.
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10 Big Takeaways From Nirmala Sitharaman's Briefing On Economic Package
Union Finance Minister Nirmala Sitharaman on Wednesday gave some details of the Rs 20 lakh crore COVID-19 economic relief plan announced by Prime Minister Narendra Modi, stressing on a slew of measures to help micro, small and medium enterprises (MSMEs) battered by the coronavirus crisis. She said more details of the relief package will be announce...
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Only Indian Companies Allowed In Government Tenders Up To Rs 200 Crore
The government will only allow Indian companies to participate in tenders up to Rs 200 crore, Union Finance Minister Nirmala Sitharaman announced on Wednesday along with a slew of measures to help micro, small and medium enterprises (MSMEs) battered by the coronavirus crisis.
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What MSMEs May Get Including Wages For Workers: 10 Points
The government may pay three-month salaries of employees of small and medium businesses hit by coronavirus and weeks of lockdown, sources said on Wednesday. It also plans to guarantee up to Rs 3 lakh crore of loans to MSMEs or Micro, Small and Medium Enterprises to help them tide over the virus crisis. On Tuesday, PM Modi announced Rs 20 lakh crore...
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"Postmortem Easier For Some": Arun Jaitley's Retort To Raghuram Rajan
Finance Minister Arun Jaitley Tuesday hit out at former RBI governor Raghuram Rajan for predicting that the next banking crisis would be triggered by micro, small and medium enterprises (MSME) lending, saying postmortem is easier than taking action when it was required.
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Signs of Rural India, Especially Uttar Pradesh, Recovering From Cash Ban
India's vast rural hinterland, which makes up 70 percent of the population, is showing signs of recovery from last year's cash crunch, boosting optimism that increased spending will help the broader economy regain its vigor.
-
Ex Finance Commission Head On MSMEs' Role In Becoming 'Viksit Bharat'
Former chairperson of Finance Commission NK Singh on Monday said the Micro, Small, and Medium Enterprises (MSMEs) play an important role in India's quest to become a "Viksit Bharat' (developed India).
-
SBI MD Encourages MFIs to Enhance Data Privacy, Cyber Security
State Bank of India (SBI) managing director Alok Kumar Choudhary on Wednesday said there is a need for micro finance institutions (MFIs) to pay attention to data privacy and cyber security as they deal with data of a large number of customers. Speaking at a conference organised by Sa-Dhan, he said, MFIs should also focus on capacity building to de...
-
Budget 2021: Rs 15,700 Crore Provided For MSME Sector
Union Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector in the Union Budget 2021-22.
-
BJP Promises Micro Finance Loan Waiver For Women Ahead Of Assam Polls
Assam Finance Minister and senior BJP leader Himanta Biswa Sarma on Sunday announced that the state government will waive off the loans borrowed by women from micro-finance institutions (MFI). The announcement by Mr Sarma comes just ahead of the assembly elections due in March-April this year.
-
Karnataka Police Busts Fraud Using Mobile-Based Loan Apps
A major online financial fraud theft of personal data of applicants by a few micro finance companies said to be front-end firms of investors in some neighbouring countries has been busted in Karnataka, police said on Thursday.
-
RSS Unit Says Centre's Loan Package For Small Businesses Getting Delayed
Private banks are delaying implemention of the Rs 3-lakh crore credit scheme for the Micro, Small and Medium Enterprises (MSME) sector, RSS-affiliated industry body Laghu Udyog Bharti (LUB) informed Union Finance Minister Nirmala Sitharaman on Monday.
-
10 Takeaways From Nirmala Sitharaman's Announcements For Defence, Aviation
Finance Minister Nirmala Sitharaman detailed reforms to eight sectors today in the fourth tranche of announcements related to the government's Rs 20 lakh crore package for the coronavirus-hit Indian economy. Among today's big-ticket measures were a 25 per cent increase in FDI in the defence sector and removal of government monopoly on coal mining. ...
-
Top 10 Takeaways From Nirmala Sitharaman's Announcements For Farmers
Finance Minister Nirmala Sitharaman on Friday announced 11 measures aimed at boosting agriculture and allied activities affected by the coronavirus crisis. The measures were part of the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi this week for the coronavirus-hit economy. The Finance Minister has already unveiled two...
-
IIT Madras, Industry Bodies To Study Impact Of COVID-19 On Tamil Nadu MSMEs
Indian Institute of Technology (IIT) Madras is collaborating with industry bodies to understand the impact of COVID-19 crisis on Micro, Small and Medium Enterprises (MSMEs) in Tamil Nadu.
-
"Will Boost Liquidity": PM Modi On Nirmala Sitharaman's Announcements
Prime Minister Narendra Modi said today that Finance Minister Nirmala Sitharaman's announcements would go a long way in addressing issues faced by businesses, especially Micro, Small and Medium Enterprises (MSMEs) hit by the coronavirus crisis and the weeks-long lockdown.
-
10 Big Takeaways From Nirmala Sitharaman's Briefing On Economic Package
Union Finance Minister Nirmala Sitharaman on Wednesday gave some details of the Rs 20 lakh crore COVID-19 economic relief plan announced by Prime Minister Narendra Modi, stressing on a slew of measures to help micro, small and medium enterprises (MSMEs) battered by the coronavirus crisis. She said more details of the relief package will be announce...
-
Only Indian Companies Allowed In Government Tenders Up To Rs 200 Crore
The government will only allow Indian companies to participate in tenders up to Rs 200 crore, Union Finance Minister Nirmala Sitharaman announced on Wednesday along with a slew of measures to help micro, small and medium enterprises (MSMEs) battered by the coronavirus crisis.
-
What MSMEs May Get Including Wages For Workers: 10 Points
The government may pay three-month salaries of employees of small and medium businesses hit by coronavirus and weeks of lockdown, sources said on Wednesday. It also plans to guarantee up to Rs 3 lakh crore of loans to MSMEs or Micro, Small and Medium Enterprises to help them tide over the virus crisis. On Tuesday, PM Modi announced Rs 20 lakh crore...
-
"Postmortem Easier For Some": Arun Jaitley's Retort To Raghuram Rajan
Finance Minister Arun Jaitley Tuesday hit out at former RBI governor Raghuram Rajan for predicting that the next banking crisis would be triggered by micro, small and medium enterprises (MSME) lending, saying postmortem is easier than taking action when it was required.
-
Signs of Rural India, Especially Uttar Pradesh, Recovering From Cash Ban
India's vast rural hinterland, which makes up 70 percent of the population, is showing signs of recovery from last year's cash crunch, boosting optimism that increased spending will help the broader economy regain its vigor.
