The country's exports grew by 2.44 per cent year-on-year to USD 26.67 billion in February on account of higher shipments in sectors such as pharmaceuticals, engineering and electronics, according to data from the commerce ministry.
In an exclusive interview with SME Times, Satya MicroCapital CEO & MD Vivek Tiwari said that Indian banks should be encouraged to give collateral free loans to small and medium enterprises (SMEs).
Vice President M. Venkaiah Naidu on Friday said that concerted efforts are required from every stakeholder to ensure that there is no agrarian distress in the country.
Merchandise exports rose 2.44 per cent to $26.67 billion in February from $26.03 per cent in the year-ago month mainly driven by higher shipments in sectors such as pharmaceutical, engineering and electronics.
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth capital needs because there is unlikely to be any fresh bank recapitalisation till the next government takes over in June, official sources said on Friday.
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Ambani's Reliance Industries Ltd (RIL) for Rs 13,000 crore.