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Revolutionising financing for small and medium enterprises
TIG welding enables higher productivity in manual welding and can be easily automated.Read more
India’s GDP rises by 7.6% in Q2 FY24, manufacturing, construction led the growth
The growth was much higher than expected, mainly driven by investments and government consumption. However, private consumption growth was muted due to weak rural demand and some moderation in urban demand amid elevated inflationary pressures in Q2.Read more
TReDS platforms thrive: Boosting MSMEs with rapid growth, innovation
The Trade Receivables Discounting System (TReDS) introduced by the RBI to alleviate liquidity challenges faced by MSMEs, operates as an electronic platform facilitating the financing and discounting of trade receivables for these businesses.Read more
India's Q1 FY24 GDP growth hits 7.8% despite challenges ahead
According to data released by the National Statistical Office, the services sector was the driving force behind the growth in this quarter. As a result, the economy is now 13.8% larger than it was in the pre-pandemic first quarter of FY20, in real terms.Read more
MSME body CIMSME requests RBI to extend repayment period under ECLGS
CIMSME urged for extension of repayment under ECLGS 1.0 from three to five years after the moratorium period. It also requested the extension for all MSMEs without any restriction.Read more
Two third of rated mid-sized companies fit for restructuring: Crisil
According to Crisil, two thirds of its rated mid-sized companies are eligible for restructuring under 2.0.Read more
RBI’s measures to mitigate Covid 19 risk should help lift spirit of economy: FICCI
Decision to put a temporary stop on payment of term loans and interest rates on working capital loans will provide relief to the companies, says Dr Sangita Reddy, President, FICCIRead more
Are interest rates set for a sharp fall? Will RBI reduce interest rates by 50 basis points?
With India’s economic growth likely to slip under 7 per cent, all eyes are on the meeting of the Monetary Policy Committee of India scheduled in the first week of JuneRead more
RBI’s move to provide a much-needed boost to MSMEs: Sandip Somany
RBI’s relief window for MSMEs together with other government measures for easier and affordable access to credit should help in reviving growth of MSMEs, say FICCIRead more
New MSME classification to create a level playing field: FICCI
FICCI has welcomed the Central Government's decision to change the criteria of classification of micro, small and medium enterprises (MSMEs) from ‘Investment in plant & machinery and equipment’ to ‘annual turnover’.Read more
