The total outstanding credit to the MSME sector by Scheduled Commercial Banks in the financial year 2018-19 amounted to Rs 15,10,650 crore, said MSME minister Nitin Gadkari in written reply to a question in Rajya Sabha on Monday.
The rupee on Tuesday opened 11 paise down at 71.95 against the US currency following outflows by foreign institutional investors amid some buying in American currency by banks and importers. Foreign institutional investors sold shares worth over Rs 1,100 crore in the previous trading session.
Surat: Leaders from the textile sector in Surat have demanded ‘one-nation-one-power tariff’ formula to be implemented in the country for providing level-playing filed to the entrepreneurs.
Chandigarh: The thrust of the Progressive Punjab Investors Summit 2019 will be on the micro, small and medium enterprises (MSME) sector of Punjab and on companies from the United Arab Emirates (UAE) and Japan, said a top official on Monday.
BHUBANESWAR: Small and medium enterprises of the State have demanded the Centre to constitute a special corpus fund for assisting MSME non-performing assets resolution besides easy and hassle-free flow of credit to overcome the slowdown the sector is going through.
The implementation of the goods and services tax (GST) in a large and diverse federal country ruled by different political parties is a remarkable achievement.