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Finance Minister Increases MUDRA Loan Limit to 20 Lakhs in Budget 2024

New Delhi, July 23 -- Finance Minister Nirmala Sitharaman announced a significant increase in the Micro Units Development and Refinance Agency (MUDRA) loan limit during her 2024 Union Budget speech. ... Read More


Finance Minister Announces New Credit Guarantee Scheme for MSMEs in Union Budget 2024-25

New Delhi, July 23 -- In her 2024 Union Budget speech, Finance Minister Nirmala Sitharaman unveiled a new initiative aimed at boosting India's Micro, Small, and Medium Enterprises (MSMEs) sector. Th... Read More


CoRE-AI Unites Google, Microsoft And AWS For Ethical AI Development in India

New Delhi, July 22 -- The Coalition for Responsible Evolution of AI (CoRE-AI), India's first major multi-stakeholder initiative focused on the responsible development and deployment of artificial inte... Read More


AM Green Plans USD 1 Bn Investment in Second-Generation Biofuels

New Delhi, July 22 -- Renewable energy company AM Green is poised to make a significant entry into the second-generation (2G) biofuels market with a planned investment of USD 1 billion. The company in... Read More


Aelea Commodities' Strong Debut At BSE SME Platform

New Delhi, July 22 -- Aelea Commodities made a robust debut on the Bombay Stock Exchange's Small and Medium Enterprise (BSE SME) platform on Monday, with shares opening at Rs 165, marking a 73.7 per c... Read More


India's GDP Growth Hits 8.2%, Inflation Eases: Economic Survey 2023-24

New Delhi, July 22 -- The Economic Survey 2023-24, presented by Finance Minister Nirmala Sitharaman in Parliament, paints a positive picture of India's economy despite global uncertainties. The 476-... Read More


Bombay High Court Affirms MSE Facilitation Council's Authority Over Jurisdictional Disputes

New Delhi, July 22 -- In a significant ruling, the Bombay High Court has clarified that the Micro and Small Enterprises (MSE) Facilitation Council has the authority to determine its jurisdiction over ... Read More


Economic Survey 2023-24 Advocates For Simplifying Regulations For MSMEs

New Delhi, July 22 -- The Economic Survey 2023-24, tabled by Union Minister for Finance in the Parliament today calls for unshackling the Micro, Small and Medium Enterprise (MSME) sector. Noting that... Read More


Government Likely To Introduce New Electronics Component Manufacturing Scheme, Says IT Secretary

New Delhi, July 22 -- The Indian government plans to introduce a new scheme to promote electronics component manufacturing, according to S. Krishnan, Secretary of the Ministry of Electronics and Infor... Read More


RBI Takes Measures To Manage Liquidity Amid Foreign Inflows

New Delhi, July 22 -- The Reserve Bank of India (RBI) has implemented strategic measures to manage banking system liquidity following India's inclusion in JP Morgan's globally tracked bond index. Thi... Read More