Newly-appointed Minister of State for Micro, Small and Medium Enterprises (MSMEs) Pratap Chandra Sarangi, while addressing the MSME Meet 2019 in Bhubaneswar urged banks to be "reasonable towards genuine traders and entrepreneurs who ease government’s effort on employment and job creation."
Finance Minister Nirmala Sitharaman on Sunday met real estate players which discussed ways to create demand in the country's realty market.
Shortly after the Reserve Bank of India (RBI) slashed interest rates by an unexpected 35 basis points to boost the economy, several lenders have cut their benchmark lending rates.
The government has detected Goods and Services Tax (GST) evasion of over Rs 45,000 crore during the financial year 2018-19. Of this, tax sleuths have recovered an amount of Rs 25,000 crore during this period, as per the data available with the finance ministry.
Fintech is changing the way we bank. Not just retail customers, even MSME customers are reaping the benefits of the Fintech boom.
Following a meeting of its Monetary Policy Committee on August 7, the Reserve Bank of India (RBI) once again cut its repo rate-the rate at which it lends to commercial banks-by an unexpected 35 basis points (0.35 per cent), rather than the customary 25 basis points (0.25 per cent).