Core industries growth skids to 20-month low of 4% in June
High base effect, onset of monsoon among reasons for moderation in overall output growth, say experts. Pulled down by a…
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Fiscal deficit shrinks to 8.1% in April-June quarter
Thanks to lower expenditure and record transfer from RBI. Lower expenditure because of Model Code of Conduct and record transfer…
Industry body urges FM to continue 45-days MSME payment rule for buyers
SME Chamber of India argues that provision serves as incentive for companies to adhere to payment timelines, thereby supporting MSMEs’…
RBI’s new norms on wilful defaulters to come into effect from Nov 1
“Wilful defaulters or any entity with which a wilful defaulter is associated shall not be eligible for restructuring of credit…
Changes in Taxation for Mutual Funds
Mutual funds are becoming the popular route for retail investors to participate in the capital markets with assets under management…
Public procurement rules revised to boost local manufacturing
The most visible impact of this order will be seen in the Government buying of IT and other technology products….
SBI launches new 15-minute facility for MSMEs to avail loan against sales invoices
MSME Sahaj will help MSMEs to avail credit against their Goods and Services Tax (GST) registered sales invoices of up…
MSMEs urge RBI for a liberalised NPA classification policy for banks
The sector has been struggling for financial support and deriving the advantages of facilities offered by financial institutions. As a…
MSME-focused Budget Reaction
Jaya Vaidhyanathan, CEO, BCT Digital. Budget 2024 has introduced nine main priorities to boost the economy, including notable rewards for…
Wholesale inflation soars to 16 months high of 3.4%
The wholesale price inflation surged to 16 months high in June as food and manufactured product prices shot up. Data…