Since April-end, ONDC has been testing with a closed user group for end-to-end execution.
National labour conference being held today to discuss providing social welfare schemes to card holders
TeamLease and JustJobs Network report notes that instead of around 125,000 apprentices, CPSUs have only 41,250 on board
According to Sen, the relationship between a bank and NBFC needs to be not of a borrower and a lender as it is today, but that of a partner
State-owned Central Bank of India has forged co-lending partnerships with Protium Finance and lncred Financial Services to offer loans to MSME borrowers. The partnerships will provide greater expansion of portfolio by the bank and to these players, the bank said on Friday. The state-owned lender said that Protium Finance will originate and process MSME proposals under the priority sector as per jointly formulated credit parameters and eligibility criteria and Central Bank of India will take into its books 80 per cent of the MSME priority sector loans under mutually agreed terms. "Protium Finance Limited will service the loan account throughout the life cycle of the loan. The co-lending arrangement is expected to help both the entities...as well as help expand reach across India," the bank said in a regulatory filing. Protium Finance has a branch network across 11 states and an AUM of 1,671 crore as of July 31, 2022, with a customer franchise at 1,08,447. Likewise, Incred Financial
Most MSMEs running at 60 per cent capacity as high input prices have also made exports costlier
To offer stamp duty, capital subsidy to attract investment under new MSME policy
Exports up 31% from $417.32 million in 2018-19 to $545.97 million in 2021-22
Chief Economic Advisor V Anantha Nageswaran on Monday said the private sector needs to invest more in technology and research and development, and pay the MSME suppliers on time to help the economy. Stating that Indian economy cannot remain exempt from the global challenges but it remains resilient and is poised for a rebound as the banking system is better, inflationary issues are peaking out and ongoing recovery is healthy, the CEA said. It is to our credit so far that we have managed to keep the impact at more manageable levels so far. But it should require continuous vigilance, continuous action and discipline for policymakers, he said while speaking at a virtual meeting with the Calcutta Chamber of Commerce. Citing examples of several economies facing very high inflation, Nageswaran said India is in a relatively better position and the majority of its sectors are doing quite well despite market volatility and inflation. Nageswaran emphasised the need to focus on R&D and ...
While the firms are voluntarily jumping onto the listing bandwagon, the state government is also acting as a facilitator
The share of micro and small enterprises stood at Rs 8.73 trillion, 80 per cent of the total pending amount
UP is setting its sights on Rs 10 trillion in fresh investment from domestic and multinational companies at the high-ticket event
12 states, UTs have so far not published draft rules on at least 1 labour code
Company says 10 million tonnes production this year, sees gaining business from small businesses
Sub-investment grade MSMEs are at high risk; sunset for pandemic-induced relief measures to have a bearing too
Goods and Services Tax: Here's a look at the journey so far
The GST is still paying the price for govts talking the talk of a good and simple tax on July 1, 2017, but not walking the walk thereafter
According to Prime Minister's Office (PMO), the scheme has outlay of around Rs 6,000 crore
Prime Minister Narendra Modi will participate in the 'Udyami Bharat' programme at Vigyan Bhawan in New Delhi today
CERT-In directions, released on April 28, mandate service providers to keep records of every information and communication technology (ICT) transaction for a minimum of 180 days