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Saturday, April 27, 2024

Monthly Archives: May, 2020

Nirmala Sitharaman chairs 22nd Meeting of the Financial Stability and Development Council (FSDC)

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the 22nd Meeting of the Financial Stability and Development Council (FSDC) here today. The meeting was attended by Minister of State for Finance & Corporate Affairs Shri Anurag Thakur,...

Shri Piyush Goyal calls upon the Exporters to be more competitive and provide quality products to the world

Shri Piyush Goyal, Union Minister for Commerce & Industry and Railways, today, through Video Conference, participated in the Digital Summit on Exports organized by the Confederation of Indian Industry (CII). EXIM Bank of India was the Institutional Partner for...

ADB & India sign $177 million loan for state road improvements in Maharashtra

The Asian Development Bank (ADB) and the Government of India today signed a $177 million loan to upgrade 450 kilometers (km) of state highways and major district roads in the state of Maharashtra. The signatories to the Maharashtra State Road...

“Economic Revolution through Blue Revolution”, says Union Fisheries Minister

The Pradhan Mantri Matsya Sampada Yojana (PMMSY) aims to enhance fish production to 220 lakh metric tons by 2024-25 from 137.58 lakh metric tons in 2018-19 at an average annual growth rate of about 9%. The Union Minister for...

Proto-type test samples of PPE Coveralls are now being tested and certified by Nine authorized laboratories

The PPE Coveralls in India are manufactured keeping in view of the safety of the health professionals as the most important criteria.  The proto-type test samples of PPE Coveralls are tested and certified by Nine (9) authorized laboratories as...

Aarogya Setu is now open source

On 2nd April 2020, India launched Aarogya Setu mobile App for helping augment the efforts of limiting the spread of COVID19, with an objective of enabling Bluetooth based contact tracing, mapping of likely hotspots and dissemination of relevant information...

Prices of N-95 Masks are getting reduced by the Importers/ Manufacturers/Suppliers of N-95 Masks after an Advisory issued by NPPA

The Government has notified N-95 Masks as an essential commodity under Essential Commodities Act, 1955 by the Government vide Notification dated 13th March 2020. Thus, hoarding, black-marketing of the essential commodity is punishable offence under the Act. To keep check...

Government is exploring new financial lending institutions to support small-scale units

Union Minister for MSME and Road Transport and Highways, Shri Nitin Gadkari said that the government is exploring new financial lending institutions to support small-scale units in terms of financial support.  Shri Gadkari said that government is working towards...

Cabinet approves Special Liquidity Scheme for NBFCs/HFCs to address their Liquidity Stress

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the proposal of the Ministry of Finance to launch a new Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies...

Guaranteed Emergency Credit Line (GECL) facility to eligible Micro, Small and Medium Enterprise (MSME) borrowers, including interested MUDRA borrowers

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given the following approvals: To enable additional funding of up to Rs. three lakh crore to eligible MSMEs and interested MUDRA borrowers by way of "Emergency Credit...
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MSME Loan Schemes 2024: Empowering Growth and Sustainability

Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India's economy, contributing significantly to GDP, employment generation, and...
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