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.
Bengal tanners say industry has incurred massive losses, and they have been left to grapple with ‘cancelled orders’, disruption in the supply chain and growing debt as they struggle to stay afloat.
Until now, units operating even in recognised industrial areas needed a separate factory licence. The move is expected to especially give a boost to small and medium enterprises.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
COMMENTS