Economy

Will Reserve Bank of India’s (RBI) credit restructuring scheme for Micro, Small and Medium Enterprises (MSMEs) work well for the banks and non- banking financial companies as the country seeks solutions to financial woes of businesses.

The extension of Interest Equalization benefit to merchant exporters will help in increasing country’s exports, said Ganesh Kumar Gupta, President, FIEO.

The Department of Pharmaceuticals will prepare its annual action plan which may re-visit the current policies based on inputs received from CEOs and international agencies, including the WHO, at the 4th edition of INDIA PHARMA 2019 and INDIA MEDICAL DEVICE...

A special purpose vehicle (SPV) of the Indian Ports Global Ltd has taken over interim operation of the Chabahar Port in Iran since 24 Dec 2018, Minister of State in the Ministry of Shipping. Pon Radhakrishnan, said in an update...

The Federation of Indian Chambers of Commerce and Industry (FICCI) said the move by Reserve Bank of India (RBI) to provide a loan-restructuring window for Micro, Small and Medium Enterprises (MSMEs) will provided a much-needed boost.

The Cabinet has approved amalgamation of Bank of Baroda (BoB), Vijaya Bank and Dena Bank, making the grouped entities globally competitive.

Hero MotoCorp, which sold a record eight million two-wheelers to meet the common man transportation need in the Indian market last year, wants Goods and Services Tax reduced to 18% from the luxury slab of 28%.

The Regional Comprehensive Economic Partnership (RCEP) would facilitate India’s Micro, Small and Medium Enterprises (MSMEs) to effectively integrate into the regional value and supply chains.

India is to set up a gas trading hub(s)/exchange(s) for trading natural gas and supply through a market mechanism, Minister of Petroleum & Natural Gas, Dharmendra Pradhan in a written reply to the Lok Sabha on 31 Dec 2018.

An Export Promotion Cell has been established to create a sustainable ecosystem for entire Ministry of Micro, Small and Medium Enterprises (MSMEs) which has product output of US$147.39 billion with 48.56% exported in 2017-18.