In a submission before Finance Minister Nirmala Sitharaman on February 20, CIA pointed out that the biggest concern for MSME at the moment is availability of raw materials in time and at reasonable price

This investment is a part of Google's $75 million commitment to help small businesses outside of the US

Former chief statistician Pronab Sen said that even though India's fiscal deficit will go up from 3.5 per cent to 9.5 per cent in the current fiscal ending March, but in terms of the current year's expenditure, the country is pretty much at status quo

With the implementation of the PLI scheme, the government hopes to have incremental production of Rs 2,44,200 crore in the sector, exports worth Rs 1,95,360 crore, 40,000 new jobs, and Rs 17,000 worth of tax revenue in the coming five years

The RBI in its Financial Stability Report, released last month, said GNPAs or gross non-performing assets of NBFCs increased to 6.3 per cent as of March 2020 from 5.3 per cent as of March 2019

Stock Market Updates Today: Sun Pharma, ITC, HDFC were trading among the top losers today while RIL, L&T, Maruti were among the top gainers

Responding to another question whether the government would propose to demand the deletion of such data collated by private players, Gadkari answered that no such proposal was under consideration

Exporters organisation FIEO pointed out that the new scheme provides refund of all taxes and duties hitherto not refunded through any other mechanism and hence should not be limited to the budget constraints

Stock Market News Updates Today: Tata Motors, L&T , Infosys, Airtel, SBI, ONGC, ITC, Nestle were among the top losers today while HUL, Titan, M&M, TCS, Bajaj Finance, HDFC traded among the top gainers.

The government has announced several measures under Aatmanirbhar Bharat package to increase availability of credit to the MSME sector, added MSME Minister Nitin Gadkari

Terming the policy a boon, the road transport minister said it would lead to a 30 per cent boost to the Indian automobile industry turnover to Rs 10 lakh crore in the years to come

Addressing a workshop at the Mahatma Gandhi International Hindi University at Wardha in Maharashtra, Union Minister Nitin Gadkari pointed out that village industries and Khadi generate as much as Rs 88,000 crore on an annual basis

Vehicles older than 15 years are not fuel efficient and also have high maintenance costs, and the scrapping policy will help overcome these problems, says Union Road Transport and Highways Minister Nitin Gadkari

Punjab & Sind Bank's provisions for bad loans and contingenices spiked to Rs 2,924.69 crore during the quarter, as against Rs 494.30 crore in the year ago period

Little attention to direct income support, health and education deprivations, and revival of small businesses will keep the demand and production of goods and services depressed in FY22

Bank credit growth shows signs of uptick, backed by retail and agri loans, but is expected to remain muted in FY21 due to asset quality pressures

India Stock Market News Updates Today: Sensex scaled record high of 51,073.27 while the Nifty hit record high of 15,014.65 level in early trade. SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack

Stock markets have always had a gambling element, but now in the US, it has become almost entirely gambling, and that mindset is never good, says Sridhar Vembu, CEO of Zoho Corporation

The Union Budget for 2021-22 admirably rises to the challenge of creating an enabling environment to deliver on the promise of National Infrastructure Pipeline in the next few years

India Stock Market News Updates Today: Earlier today, Sensex rose above the psychological key level of 50,000 and Nifty neared 14,700