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Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Union Budget 2019: Faster loans, lower interest for MSMEs

Further loans up to Rs one crore will be provided to MSMEs within 59 minutes through a dedicated online portal.

6 July 2019 2:21 AM IST

Finance Minister Nirmala Sitharaman

Budget 2019: New clusters to increase productivity of traditional...

Over 50,000 artisans will be able to join the economic value chain under new clusters which will set up by the...

5 July 2019 4:27 PM 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.

Budget 2019: FM announces 2 pc interest subvention for GST-registered...

Sitharaman proposed the setting up of a payments platform for MSMEs for payment of bills.

5 July 2019 12:53 PM IST

Between 2000 and 2016, British FDI created 371,000 jobs 10 per cent of all jobs created by FDI.

Economic Survey: A blue print for growth and jobs over next 5 years,...

EAC-PM welcomes the emphasis of the Survey on fiscal consolidation, fiscal discipline and investments.

4 July 2019 4:20 PM IST

The Central government is not the lone torch-bearer of the nations economic growth. The achievements and failures, the contradictions and anomalies are spread out in both the Central and state budgets.

Need to increase funding for startups, simplify credit facilities in...

Finance Minister Nirmala Sithraman will be presenting her first full Union Budget on Friday.

3 July 2019 1:20 PM IST

The Committee also recommended doubling the limit for collateral-free lending to Rs 20 lakh for lending to MSMEs and self-help groups.

MSMEs to get pending GST refunds within 30 days: FM

In future, all GST refunds of MSMEs will be paid within 60 days from the date of application, said FM Nirmala...

23 Aug 2019 8:28 PM IST

People were spotted buying artificial decorations, especially lights and electric lanterns along with handicrafts ahead of Diwali celebrations in the city. This Matunga shop has a special collection of Thailand-made lights and decorations that seem to be quite popular this Diwali season. (Photo: Shripad Naik)

Handicrafts exporters turn to African, Latam markets

In 2018-19, handicrafts exports to Africa stood at $255 mn and to Latin American countries at $61 mn.

12 Aug 2019 1:17 AM IST

Finance Minister Nirmala Sitharaman

Govt, RBI on same page on steps to boost economy: Sitharaman

Finance Minister Nirmala Sitharaman said the government is looking at the financial sector woes and will address them.

9 Aug 2019 5:53 PM IST

So every now and then, we get these fantastic cases which have fantastic amounts and claims. They have dimensions to the competition law which many countries -- which are so-called free economies -- are struggling to understand and disaggregate so that they can handle each aspect for itself, Sitharaman said. (Photo: ANI)

Govt looks to push infra spending, has cleared MSME dues: FM...

Government should not sit on over due payments, Sitharaman said, adding the money should go to people who have been...

27 Sept 2019 6:48 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI to adopt repo rate as external benchmark for all floating rate...

The external benchmark for all floating rate loans for MSME, housing and retail loans effective October 1, 2019.

23 Sept 2019 11:05 AM IST

Finance minister Nirmala Sitharaman during a press conference in New Delhi on Saturday. (Photo: Asian Age)

No stressed MSME loan to be declared NPA till March 2020: FM

FM said banks have been asked to follow that circular and not declare any stressed MSME loan as NPA till March.

19 Sept 2019 8:24 PM IST

The government has proposed a penal tax rate of 50 per cent to incentivise black money hoarders to switch to formal economy.

Govt mulling another booster dose to reinvigorate economy

The blue print for the stimulus is ready that would be announced by FM Nirmala Sitharaman in the next few days, an...

17 Sept 2019 6:39 PM IST