Micro, small and medium enterprises (MSMEs) fear banks will cut their cash credit limit aggravating financial trouble. Indian private sector defence and aerospace companies should invest in long-term cutting-edge technologies in research and development to match global industry standards, said Union Defence Minister Rajnath Singh. Reserve Bank of India (RBI) Governor Shaktikanta Das hinted that the central bank may announce further rate cuts or policy measures, if needed, to tackle the ongoing coronavirus crisis. Read for more top stories from the world of business and economy:
MSMEs say the situation will get worse if the government fails to intervene and boost industrial activities.
Finance Minister Nirmala Sitharaman said the states have asked the Centre to provide full details of the two options by tomorrow and they will get back with their decisions in 7 days.
Once the ongoing policy reforms and roadmap for greater industry participation is in place, there will be greater visibility on-demand requirements for the industry, said Union Defence Minister Rajnath Singh.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday hinted that the central bank may announce further rate cuts or policy measures, if needed, to tackle the ongoing coronavirus crisis.
Data sourced from Prime Database shows that initial public offerings (IPOs) worth Rs 33,516 crore of 34 companies have received approvals. Of these, seven companies have received approvals after the government introduced a nationwide lockdown.