India's GDP growth forecast for 2019-20 was lowered by multiple agencies recently. First, the ADB cut it to 7.2% from 7.6%. It was followed by the RBI’s cut to 7.2% from 7.4% and then by the IMF to 7.3%.
‘Waqf institutions are meant for charitable purpose; we will seek exemption’
Loans to micro, small and medium enterprises (MSMEs) grew 21% year-on-year (y-o-y) in the quarter ended December 2018, according to a study by TransUnion Cibil, which also showed private banks and non-banking finance companies (NBFCs) gaining market share over public sector banks (PSBs).
It is 12 noon at the Surat textile market. All roads leading to the area are packed. There is not an inch of space left in the area to walk.
Kornit, a leader in digital textile printing innovation, has announced the introduction of the new Kornit Presto, the only industrial single-step solution for direct-to-fabric printing.
RattanIndia Finance, a joint venture by Rajiv Rattan and US-based private equity Loan Star Funds, has launched MSME loans to facilitate easier credit access to small businesses, media reports say.