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RBI extends support for small businesses with Resolution Framework 2.0
Small businesses engaged in retail and wholesale trade other than those classified as micro, small and medium enterprises (MSMEs) will also be eligible to avail the benefit. The central bank also allowed MSMEs with loans of up to Rs 25 for restructuring businesses crore in a separate notification.Read more
ASSOCHAM: Extend NCLT moratorium till Dec 2021
After a year-long moratorium on taking the financially stressed companies for NCLT resolution under IBC, the normalcy was restored in the last week of March 2021.Read more
Ministry of Heavy Industry extends validity of FAME II certification
This measure would enable FAME II eligibility certificate of electric models valid for 1 year from each of the model’s last date of certification instead of earlier case of validity which was FY wise.Read more
MSME industry bodies demand to extend deadline for Udyam registration
MSMEs registered with Udyam will be eligible to avail collateral-free credit under the Credit Guarantee fund scheme.Read more
Government extends Credit Guarantee Scheme for Subordinate Debt till Sept 30
This move is aimed at keeping avenues of assistance open to the stressed MSME units. Read more
Emergency Credit Line Guarantee Scheme extended upto June 30
With this extension government has launched new window ECLGS 3.0 for enterprises in hospitality, travel & tourism, leisure & sporting sectors.Read more
Schneider Electric extends 3-phase Easy UPS 3L from 250 kVA to 600 kVA
Ideal for medium and large commercial buildings and light industrial applications, Easy UPS 3L now extends from 250 to 600 kVA with new 250, 300, and 400 kVA UPSsRead more
Beckhoff’s TwinCAT software extends support to S7 communication protocol
PC-based control simplifies integration of S7 controllers Read more
Govt extends PLI Scheme to 10 new sectors with incentives of Rs 1460 bn
10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steelRead more
Government extends Emergency Line Credit Guarantee till Nov 30
The extension is expected to provide an opportunity to the borrowers who are yet to avail this scheme, thereby gaining from this scheme.Read more