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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

World Bank steps up during Covid 19 with financing approvals exceeding $100

The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman stated this during the 103rd Meeting of the Development Committee Plenary via video conferencing recently. Read more

HDFC Bank grows by 30 per cent on MSME lending

A major part of this success can be attributed to the MSME books and has been supporting this vital part of the economy during the pandemic.Read more

FICCI-IBA Bankers' Survey: Banks report a decline in NPAs in 2nd half of 2020

The survey findings also show that long term credit demand has been growing for sectors such as infrastructure, pharmaceuticals and food processing.Read more

Fall in bankruptcy filing between 2018 to 2020: Anurag Singh Thakur

As per data provided by the National Company Law Tribunal, 8,330 applications in the year 2018, 12,091 in the year 2019 and 5,282 in the year 2020 were filed under the IBC.Read more

Stand up India scheme benefited over 1,10,019 beneficiaries

The scheme was aimed to boost MSME sector to kick start more manufacturing to strengthen tier-2 connect.Read more

Nitin Gadkari: “Ministry and World Bank working on credit guarantee program to finance unrated MSMEs”

The government is aiming to really educate MSMEs about the benefit of adopting solar rooftop and achieving cost-competitiveness. Read more

Banks sanction loans worth Rs 1.25 cr to 25.74 lakh MSMEs till Sept

The latest numbers on ECLGS, as released by the ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs). Read more

IMTMA supports Indian machine tools for MSME tool rooms

Recently, for tenders - floated by MSME Ministry for acquiring CNC machines, measuring instruments and accessories - none of the Indian machines were selected. Now, IMTMA has requested the government to reconsider offers submitted by Indian manufacturers.Read more

Cost-effective ways to improve cargo security using security seals

Safety requirements for transport and warehousing of goods have been continuously increasing over the last few years. Security seals can offer easy-to-use and cost-effective form of protection, says Rajesh Kumar Banka.Read more

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