Jaipur: MSMEs in Rajasthan will now be exempted from prior approvals and inspections under Central Factories and Boilers Act with the department concerned notifying the reforms as part of the process to enhance the ease of doing business.
MUMBAI: The Reserve Bank on Wednesday imposed a Rs 3 crore penalty on SBM Bank (India) for non-compliance of regulatory norms by SBM Bank (Mauritius), which amalgamated with the former in November 2018.
NEW DELHI: The National Anti-profiteering Authority has initiated hearings against real estate companies including Adani Group's real estate venture, Adani M2K, for not passing on the benefit of a reduction in the goods and services tax to home buyers, two government officials told Cogencis.
Mirroring the deepening slowdown in the economy, commercial lending exposure in the country has declined 2.6 per cent, or Rs 1,70,000 crore, to Rs 63.8 lakh crore in the June quarter of 2019-20 from Rs 65.5 lakh crore in March 2019, said a TransUnion CIBIL- SIDBI study.
Credit risk is building in auto MSMEs, says Pulse report
Carrying on with its 'Startup Elevator Pitch Series', the ASSOCHAM Launchpad, an initiative and platform for budding entrepreneurs, will be flagged off here on Friday.