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Tuesday, March 19, 2024

NBFCs

Non-Banking Financial Companies (NBFCs) Growing Importance in Economic Growth of India

NBFC the Non-Banking financial companies have grown considerably in the India financial system alongside with mainstream Banks and leading organizations. This has happened over time with efficiency and diversity in terms of products, services, asset quality and strong regulatory...

GAME’s Finance Taskforce releases “Unlocking credit for India’s job creators”, identifying opportunities to serve India’s 27 million job creating MSMEs

New Delhi, April 08, 2021 - As India grapples with the health and economic impact of the COVID-19 pandemic, an immediate challenge is to resurrect the MSME sector that forms 95 percent of all businesses in India. A major...

Measures envisaged in the Budget 2021-22 will boost the Start-ups in the country : Secretary DPIIT

Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Ministry of Commerce and Industry, Dr. Guruprasad Mohapatra today said that the measures envisaged in the Budget for 2021-22 will further boost the Start-ups in the country. In a press...

Government extends Emergency Credit Line Guarantee Scheme by one month

Loans of more than Rs. 2 lakh crore sanctioned under ECLGS The Union Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one month till November 30th, 2020, or till such time that an amount of Rs. 3...

Special Liquidity Scheme for NBFCs and HFCs

With a view to improving the liquidity position of NBFCs as well as HFCs, the Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharaman had announced on 13th March 2020, launch of a Special Liquidity Scheme of Rs....

FDI can be explored in NBFCs to strengthen them for extending support to MSMEs – Shri Nitin Gadkari

Shri Nitin Gadkari, Union Minister for MSME and Road Transport and Highways held meetings via video conferencing with the representatives of Council of Leather Export, FICCI-‘NBFC Program’ and IMC Chamber of Commerce and Industry on impact of COVID-19 on...

Cabinet approves modifications in the existing “Partial Credit Guarantee Scheme (PCGS)”

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the Sovereign portfolio guarantee of up to 20% of first loss for purchase of Bonds or Commercial Papers (CPs) with a rating of AA and below...

Ministry initiates moves to attract investments by Firms shifting base from China

MNRE gives major push towards setting up RE Equipment Manufacturing Parks in India Tuticorin Port Trust, Govts of M P and Odissa express keen interest Major Policy Changes brought in to incentivise the RE equipment manufacturing for domestic use and exports The...

RBI Moratorium on EMI: FREQUENTLY ASKED QUESTIONS

Last week, the Reserve Bank of India announced a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as on working capital facilities. The Indian Banks Association has answered a list of Frequently Asked Questions...

SME Sector Pursue Higher Portion of Public Procurement Pie

Seeking a larger slice of public procurement pie, the SME sector has proposed small-ticket tenders so that they might participate within the bidding. In its Budget tips, Federation of Indian Micro and Small & Medium Enterprises (FISME) has said that...
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India’s Merchandise Exports Surge, Driven by the Manufacturing Sector

March 15, 2024: India's resilience in the face of global uncertainties is exemplified by its robust merchandise exports, which...
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