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$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

Banks need to handhold MSMEs to push job creation: Rajiv Kumar

Govt's decision to provide Rs 2.11 lakh cr capital support through various means will support industries and MSMEs.

26 Oct 2017 4:05 PM IST

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

Business

Meet on Intellectual Property Rights for MSMEs, start-ups on Oct 26

It is a joint initiative of IP office and FICCI in association with the Department of Industries and Commerce of Kerala...

20 Oct 2017 2:21 PM IST

Similarly, NBFCs have also upped their market share to 32 per cent from 27 per cent during the same period.

Business

NBFCs to continue to dominate MSME credit market: report

Overall the formal credit to the MSME sector is seen clipping at 11 per cent each over the next two years.

22 Nov 2017 8:17 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

Business

RBI decision to extend timeline for banks to meet capital norms...

The RBI board decided to retain the capital adequacy requirement for banks at 9 per cent.

20 Nov 2018 12:08 PM IST

Business

RBI, govt to accommodate each other by November 19 meet

Steps to ease credit pressure likely, capital framework row to be put on slow burner.

15 Nov 2018 10:23 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Business

CBIC to daily monitor MSME grievance on GST, sets up help desks to...

The move benefited about 93 per cent of the GST registered taxpayers.

5 Nov 2018 5:46 PM IST

India

PM's Diwali gift to MSMEs: Rs 1 crore loan in 59 minutes

Easing compliance with environmental rules, MSMEs will need single air and water clearance to establish a factory.

3 Nov 2018 12:55 AM IST

PM Narendra Modi launches Ayushman Bharat scheme in Ranchi. (Photo: PTI )

Business

PM announces incentives for MSMEs, Rs 1 crore loan in 59 minutes

12 historic decisions will boost small and medium enterprises, says PM Modi.

2 Nov 2018 5:51 PM IST

The policy aims to achieve USD 300 billion (over Rs 20 lakh crore) worth of textile exports by 2024-25 and create an additional 35 million jobs.

Business

Govt expects to finalise roadmap for MSME bad loans by March

Online loan sanctioning facilities for MSMEs will be revamped for prompt decision-making by banks.

7 Feb 2018 11:52 AM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

Business

Big corporates cry foul over no tax relief in budget 2018

Jaitley in budget for 2018-19 announced lowering of corporate tax rate to 25 pc for businesses with a turnover of up to...

2 Feb 2018 5:28 PM IST

Under the PMGKY after payment of tax, 25 per cent of the unaccounted money will have to be mandatorily parked with the government for 4 years as non-interest bearing deposit.

Business

'Cut in corporate tax to boost MSMEs growth'

On Thursday, Arun Jaitley proposed to lower corporate tax rate to 25 per cent for businesses with turnover up to Rs 250...

2 Feb 2018 3:41 PM IST

India

Budget will uplift Dalits, farmers, tribals, says PM Modi

The Prime Minister said that benefits mentioned in the budget must reach to the people and the sector they are aimed...

2 Feb 2018 1:26 AM IST