FM Sitharaman, while announcing relief measures under Atmanirbhar Bharat package, said that government agencies would partially release bank guarantees, to the extent contracts are partially completed, to ease cash flows

Government feels if big companies clear their dues, MSMEs will be able to revive their business during festive season

It estimated that the economy is likely to contract by 13.5 per cent in the second quarter (July-September), and the contraction in FY21 (April 2020 to March 2021) is likely to be around 9.5 per cent

The ministry said it is noticed that certain messages are being circulated in media and social media regarding issuance of appointment letter to the post of 'director' by the MSME Export Promotion Council

According  to the report, the scheme prompted public sector banks to disburse 2.6 times higher loan amount to MSMEs in June 2020 over February 2020

MSME Ministry in a statement said that it will now be possible to know the emotions of the people involved with or dependent on the MSME sector and address their grievances in real time

India Stock Market Highlights Today: Tata Steel, Bharti Airtel, HCL Tech, Asian Paints and Bajaj Auto were among the top laggards today. On the other hand, ONGC, followed by NTPC, PowerGrid, UltraTech Cement, ITC, HDFC Bank, ICICI Bank and HDFC were among the top gainers.

Indian telcos depend a lot on wireless revenue, but this distorted revenue pie can be corrected, thanks to the circumstances created due to COVID-19 and popularity of fixed broadband

The Supreme Court on Tuesday adjourned the hearing on petitions seeking extension of loan moratorium period and waiver of interest on interest to October 14

State Bank of India, Bank of Baroda, Bank of India and Indian Bank are among half a dozen banks that have provided funds to the company

\"The biggest concerns of the business owners of micro and small enterprises are payment of bonus and cash advances to staff during the ensuing festival seasons,\" says KE Raghunathan, Convenor of Consortium of Indian Associations

Dinesh Kumar Khara is taking over at a time when the overall economy is expected to shrink for the first time in the last four decades

In order to ensure timely completion of IBC, out of court settlement needs to be encouraged, and the NCLT, NCLAT infrastructure needs to be strengthened

Supreme Court's 3-judge bench, headed by Justice Ashok Bhushan, says government affidavit doesn't deal or mention several issues arising in case. SC also asks Indian Banks' Association to file its opinion on Centre's proposal

Finance Ministry said various important structural reforms, encompassing various sectors, have been strategically undertaken to combat downside risk to short-term and medium-term growth rate

The programme, launched in April this year, now has more than 20,000 retailers in 400 cities, including Meerut, Ludhiana, Saharanpur, Surat, Indore, Ernakulum and Kanchipuram

During FY 2019-20, 26 RRBs earned profit of Rs 2,203 crore, while 19 incurred losses of Rs 4,409 crore. As on March 31, 2020, there were 45 RRBs functioning in 685 districts of 26 states and three union territories

The Centre said in its affidavit submitted on Friday that the only solution is for the government to bear the burden of waiving of interest

The suspension on commercial international passenger flight services to or from India has been extended till October 31; The fifth phase of the opening up of the economy, that is Unlock 5.0, is set to begin from October 1; The chief executive of GlaxoSmithKline, the world's largest maker of vaccines, said she was optimistic the industry would be able to make an immunisation against COVID-19 widely available next year. Watch this and more on News Blast.Also Read: SC orders full refund for cancelled flight tickets during lockdown

MSMEs have claimed that GST Act imposes higher tax rate and compliance burden for businesses selling online, thus preventing them from swiftly transitioning to online platforms