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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: Leading global manufacturing

On April 11, 2024, the Asian Development Bank (ADB) - following the International Monetary Fund (IMF), World Bank, and Moody’s - raised India’s GDP growth forecast for 2024-25 to 7 per cent from the 6.7 per cent projected in December 2023Read more

Morgan Stanley says India unlikely to match China's 8-10% growth

Government officials have said the economy will likely grow 7 per cent in the fiscal year that begins in April, after an expected expansion of 7.6 per cent this financial yearRead more

IMF projects 6.3% growth for India despite inflation challenges

Contrary to the Reserve Bank of India's (RBI) forecast of 7%, the IMF's growth projection for the ongoing financial year, concluding on March 31, 2024, is slightly lower.Read more

India's private capex faces challenges amidst optimism

India Ratings and Research (Ind-Ra) suggests a potential uptick in private investment if certain economic conditions persist.Read more

Bank GNPAs may touch low of 4% by FY24; MSMEs remain a concern area

Gross non-performing assets (GNPAs) of corporate segment is likely to fall below 2% next fiscal from a peak of 16% as on March 31, 2018; GNPAs of MSME (micro, small and medium enterprises) segment may rise to 10-11% by FY24 from approximately 9.3% as on March 31, 2022, says CRISIL Ratings.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

RBI takes steps to reduce COVID 19 stress on financial system

RBI has decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 75 basis points to 4.40 per cent from 5.15 per cent with immediate effectRead more

Honouring excellence in SME sector

Over the last couple of years, while discussions centered on large corporate loans going bad, stress in the small and medium enterprises (SMEs) segment has witnessed perceptible increase. SMEs are also struggling to access funds due to the prevailing tight liquidity position in the domestic market.Read more

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