\"We have proposed to increase freight subsidy under the new export policy. We are providing it already to make products competitive,\" Navneet Sehgal, Additional Chief Secretary (MSME and Export Promotion)said

Rural economy is struggling with job and income losses, the true extent of which are not known since India isn't tracking or compensating; credit and liquidity risks to small businesses and crop loss due to excess rain

It would be naive to expect agriculture providing jobs to about 43% of the workforce and sustaining 70% of the population living in rural India with a meagre share of 14.5% in national income (GDP) to drive growth, especially when it is going through unprecedented job and income loss

State Additional Chief Secretary of Industries and Mines MK Das and SIDBI Deputy Managing Director Vasantharao Satya Venkata Rao signed the MoU in the presence of Chief Minister Vijay Rupani in Gandhinagar

The government has also announced that Rs 1,000 crore have been allocated for the welfare of migrant labourers who had suffered immensely during the COVID-19 lockdown

Nirmala Sitharaman on Monday that the total amount sanctioned under the 100% Emergency Credit Line Guarantee Scheme by PSBs and private banks stands at Rs 75,426.39 crore, out of which Rs 32,894.86 crore has already been disbursed

As per a rough estimate, Gujarat has around 33 lakh MSME units providing employment to 1.5 crore people

The information tweeted by the minister's office added that out of the said amount (Rs 1,109.03 crore), Rs 599.12 crore has already been disbursed to 17,904 accounts

Level of operations could vary from industry to industry, ranging from as low as 10 per cent to as high as 70 per cent; unless demands pick up in the external market, it is unlikely that these industries would be back to their pre-COVID levels in 4-6 weeks

On the face of it, the guarantee scheme is a great deal for banks as there is no risk of losing money. But in reality, it is going to be a tough task for banks to get the full guaranteed amount from the guarantee corporation

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As per data compiled by the Ministry of Micro, Small and Medium Enterprises (MSMEs), Bihar ranked number 3 in MSME registration leaving behind the most populous state of Uttar Pradesh and the industrial states of Gujarat and Karnataka

The government has asked the eleven municipal areas to step up monitoring in old cities, urban slums and other high density pockets like camps and clusters for migrant workers for management of COVID-19 cases

Coronavirus (COVID-19) tracker India highlights: Maharashtra remains worst-affected by in the country with 50,231 confirmed coronavirus cases in the state. Of this, Mumbai alone accounts for 30,542 cases and 988 deaths

Speaking at a webinar organised by SME Chamber of India, MSME Secretary AK Sharma said that government was willing to help those who come forward and start manufacturing of these items

Sensex, Nifty Live News Today: NTPC, Infosys, PowerGrid, Tech Mahindra, M&M, IndusInd Bank and ONGC were among the top laggards in the Sensex pack.On the other hand, Bajaj Finance, Nestle India, Kotak Bank, Sun Pharma and UltraTech Cement were among the top performers

Lower demand from industrial users that pay the highest tariffs and cross-subsidise domestic and agricultural users is expected to further hit revenues of discoms

Coronavirus in India live updates: PM CARES Fund Trust, set up by Prime Minister Narendra Modi to tackle distress situations such as that posed by the COVID-19 pandemic, has reportedly allocated Rs 3,100 crore for fight against coronavirus

To prepare the financial system for the big move next, Finance Minister Nirmala Sitharaman will meet CMDs and CEOs of public sector banks on Monday

Government is weighing several measures to kick-start the economy, with a drop in economic growth expected because of the coronavirus pandemic and a nationwide lockdown