Msmes News

MSMEs have received little attention in this Union Budget, 2022, compared to the last year's budget. Additionally, the stationary sector also received no focussed aid. The corporate tax is a significant concern for the stationary sector. Two experts have spoken on ...

At a time when 6 states contribute to most Covid 19 cases and the threat continues unabated, the RBI has come forth and extended relief for the various stakeholders. Here are the key takeaways from the ShaktiKanta Das unscheduled announcement made today:{photo-feature}...

The outstanding liquidity in the banking system remained in surplus position, a weekly liquidity report by Care Ratings shows. "As on September 25, 2020, the outstanding liquidity in the banking system amounted to Rs. 2.83 lakh crore, Rs. 26,129 crore higher ...

On Saturday, Finance minister Nirmala Sitharaman allowed loans for larger MSMEs and professionals for business purposes within the ambit of Emergency Credit Line Guarantee Scheme (ECLGS). The finance ministry has increased the annual turnover ceiling on companies that could avail loans ...

On Friday, Finance Minister Nirmala Sitharaman said banks cannot deny loan under the emergency credit scheme to MSMEs and any denial needs to be reported.The total credit sanctioned as part of the scheme by both private and public sector banks as ...

The Insurance Regulatory and Development Authority of India (IRDAI) has allowed insurance companies to offer Arogya Sanjeevani Policy as a group health insurance product to provide financial protection against viral outbreak to workers in business establishments. This year, Insurance regulator IRDAI ...

The income tax department will soon start sharing data related to depreciation, sales and gross turnover of micro, small and medium enterprises (MSMEs) with the MSME Ministry. The Central Board of Direct Taxes (CBDT) has directed Principal Director General of Income ...