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RBI extends Interest Subvention Scheme till Sept 30
This timely extension will provide competitive rates for exports and bring it near international benchmarks particularly for MSMEs.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 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
KBL supplies VT pumps for Mettur Surplus Water project in Tamil Nadu
KBL is the primary supplier of Vertical Turbine (VT) pumps and commissioned the relevant pump houses for the scheme. About 4,238 acres of agricultural land would be irrigated from the scheme, which will positively influence the lives of around 16.44 lakh farmers.Read more
BHEL to set up India’s first high temperature turbine rotor test rig
This will be India’s first facility for experimental validation of the design of AUSC steam turbine rotor. It will also help to manufacture turbine rotors in India.Read more
Mediation: A cost effective tool for resolution of disputes for MSMEs
Mediation can really benefit MSMEs as it offers level playing field for them and costs less and take less time. Globally, only 2 per cent of mediated settlements have problems in implementationRead 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
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
STMicroelectronics to acquire majority stake in Gallium Nitride innovator Exagan
The acquisition will accelerate ST’s GaN expertise, roadmap and business for high-frequency, high-power automotive, industrial and consumer applications.Read more