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17 States receive 83% from post devolution revenue deficit grant of Rs 1,18,452 cr

New Delhi, Jan. 6 -- In the 10th instalment of the Post Devolution Revenue Deficit (PDRD) Grant release to the states, a total grant of INR 9,871 crore has been made for 17 states. So far, an amount ... Read More


ECLGS saved 14% MSME loans from becoming NPAs: SBI report

New Delhi, Jan. 6 -- In a recent research by SBI, it has been reported that the Emergency Credit Line Guarantee Scheme (ECLGS) has helped banks in averting 14 per cent of MSME loans from turning into ... Read More


Budget to incentivise transition of informal into formal sector

New Delhi, Jan. 6 -- The Union budget for FY23 is likely to announce steps to reduce tax litigation, boost compliance by greater oversight of transactions, and work towards the goal of bringing more f... Read More


Retail and MSMEs top borrowers of private banks

Mumbai, Jan. 6 -- According to the third quarter reports of private banks, the disbursement saw a double digit growth by December 2021 showing sustained demand from MSMEs and retail sector. According... Read More


Granite processing MSMEs threaten to leave Tamil Nadu for Rajasthan

Chennai, Jan. 6 -- The inaccessibility of raw materials in Tamil Nadu has forced many granite processing units to relocate to the North state of Rajasthan, which brings the southern state a loss of in... Read More


MCA planning a comprehensive IBC framework to address cross boarded insolvency issues

New Delhi, Jan. 6 -- As per an official source, the Government is expected to plan a comprehensive framework on cross-border insolvency and make various changes to the corporate insolvency resolution ... Read More


NTC workers take to streets against closed mills in Coimbatore

Coimbatore, Jan. 6 -- On Wednesday, the workers of National Textile Corporation Mills protested demanding re-opening of the closed mills. As per media reports, since the lockdown imposed during the s... Read More


DPIIT curated first Toy Business League closes with 46 partnership deals

New Delhi, Jan. 6 -- The Department for Promotion of Industry and Internal Trade along (DPIIT) with Department of Higher Education organised the Toy Business League from 4th to 5th January, 2022. The... Read More


First phase of Brand India Campaign to focus on exports of textiles, gems and jewellery

New Delhi, Jan. 5 -- The Commerce Ministry is planning to launch Brand India Campaign for exports of products and services in new markets for exports to grow. As per an official source, the campaign ... Read More


FICCI to hold virtual summit for Agri startups from 6-7 Jan

New Delhi, Jan. 5 -- With an objective to sensitize, motivate and address the issues that Agri startups face, FICCI is organizing the 4th edition of FICCI Summit and Awards for Agri Startups on 6th- 7... Read More