Despite talks about leveraging the digital, the foreign trade policy has failed to mention how this emphasis on technology can address the financial shortcomings that plague the MSME sector.
Govt had told central bank that several micro enterprises were having trouble registering themselves due to lack of paperwork. RBI has now eased requirements for them.
New FTP expects e-commerce exports to grow up to $200-300 billion by 2030. It also proposes reduced licence fees for MSMEs, provisions for merchanting trade & more.
Despite rising interest rates, bank credit growth rose to a nine-year-high last month. While credit to MSMEs has shown consistent double-digit growth, it’s large industries that have really helped.
Prof. Joy Sen, head of IKS centre, says his claim is based on ancient Indian texts, research is not about 'BJP or RSS', but about ‘righting history of human knowledge’.
The sector has faced continued distress since the Covid-19 pandemic struck in March 2020. Govt data says about 9% of MSMEs shut down due to the pandemic.
Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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