, ,

Standardby Admin0 Comments

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/

0
,

Standardby Admin0 Comments

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

0

Standardby Admin0 Comments

The Sajjan Jindal group power generator in February said it will buy the 1,050 mw Kamalanga project located in Odisha for Rs 5,321 crore from the highly indebted GMR Group. Read more at: https://economictimes.indiatimes.com/industry/energy/power/jsw-energy-shelves-plan-to-buy-gmr-unit/articleshow/75858064.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

0
,

Standardby Admin0 Comments

The minister said he was also open to considering suggestions regarding enhancing the turnover limit to up to Rs 250 crore for medium enterprises, and will take up the matter with the MSME secretary. Read more at: https://economictimes.indiatimes.com/small-biz/sme-sector/govt-to-further-revise-criteria-for-classifying-medium-enterprises-under-msme-definition-gadkari/articleshow/75825564.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

0
, ,

Standardby Admin0 Comments

“Loans worth over Rs 6.45 lakh crore were sanctioned by PSBs during March 1 – May 15 for 54.96 lakh accounts from MSME, Retail, Agriculture & Corporate sectors; A notable increase compared to the Rs 5.95 lakh crore sanctioned as of May 8,” Finance Minister Nirmala Sitharaman said in a tweet. Read more at: https://economictimes.indiatimes.com/industry/banking/finance/banking/rs-6-45-lakh-crore-worth-loans-sanctioned-by-psbs-during-march-1-may-15/articleshow/75822770.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

0

Standardby Vinit Deo0 Comments

“Even as we work through the current crisis, we are focused on the future and are investing towards it,” Daniel Mazon, vice chairman and managing director for Indian subcontinent at Philips India, told ET. Read more at: https://economictimes.indiatimes.com/industry/cons-products/electronics/philips-to-invest-rs-300-crore-in-india-manufacturing-rd/articleshow/75695474.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

0
,

Standardby Vinit Deo0 Comments

Now, insolvency proceedings will not be initiated up to 1 year. Earlier, the MCA had extended it to six months. Read more at: https://economictimes.indiatimes.com/small-biz/sme-sector/fm-provides-covid-19-relief-no-fresh-insolvency-proceeding-against-msmes-for-1-year/articleshow/75785351.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

0