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Recently Defence Research and Development Organisation (DRDO) has listed 35 (approximately 13 major items) technologies related to COVID-19 pandemic for manufacturing, marketing and sale as per the specifications mentioned on its website. https://www.financialexpress.com/defence/drdo-covid-technology-transfer-for-msme-manufacturing-know-more-about-the-terms-conditions/1967656/

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Bank deposits have risen by over Rs 2.8 lakh crore in three fortnights of the lockdown till May 8, while bank credit during the period dipped by Rs 1.2 lakh crore, according to data released by the Reserve Bank of India. Read more at: https://economictimes.indiatimes.com/industry/banking/finance/banking/deposits-rise-over-rs-2-8-lakh-crore-in-six-weeks-of-lockdown/articleshow/75884568.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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“As per the MoU, NTPC and ONGC will explore and set up renewable power assets including offshore wind, in India and overseas, and explore opportunities in the fields of sustainability, storage, E-mobility and ESG (Environmental, Social and Governance) compliant projects,” a statement by ONGC said. Read more at: https://economictimes.indiatimes.com/industry/energy/power/ongc-ntpc-to-form-joint-venture-for-mega-projects/articleshow/75873450.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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RBI Governor Shaktikanta Das Press Conference | Highlights: Reserve Bank of India has extended the moratorium on loan repayments by another three months to 31 August 2020, while it also cut policy repo rate by 40 basis points to 4.0% after an unscheduled meeting of the Monetary Policy Committee. https://www.financialexpress.com/economy/rbi-governor-shaktikanta-das-press-conference-live-updates-reverse-repo-rate-crr-t-ltro-liquidity-monetary-easing/1967031/

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This fund under the Rural Livelihood Mission, will help those engaged in sewing, embroidery, production of disposable plates, spices, masks, an official spokesman said. Read more at: https://economictimes.indiatimes.com/news/politics-and-nation/yogi-adityanath-sets-up-rs-218-cr-fund-to-promote-self-employment/articleshow/75867713.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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FM Sitharaman had last week announced an economic support package for micro, small and medium enterprises (MSMEs), which includes disallowing global tender for government procurement up to Rs 200 crore. The MSME package announced last week comprised Rs 3 lakh crore of collateral-free loans, which would benefit about 45 lakh small businesses. Read more at:Continue reading

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The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector hit hard by the coronavirus crisis. The ECLGS was the second-biggest component of Rs 21 lakh crore comprehensive package announcedContinue reading

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