Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks&amp;rsquo; credit outstanding to the Micro, Small and Medium Enterprises (MSMEs) sector has seen a contraction for the first time in 14 months in September 2018. This is the month IL&amp;amp;FS began defaulting on its outstanding dues. According to RBI data released Wednesday, while the overall bank credit outstanding and that to the industry segment grew by 11.3 per cent and 2.3 per cent respectively in September 2018 (over September 2017), the credit outstanding to the MSME sector &amp;mdash; which accounts for about 45 per cent of manufacturing output in the country and nearly 40 per cent of the total exports &amp;mdash; contracted by 1.4 per cent during the month.&lt;br /&gt;
&lt;br /&gt;
If the MSME sector were to be excluded, then within the industry segment, the situation was better for medium and large scale industries, which saw credit outstanding expand by 3.3 and 2.9 per cent respectively. The 1.4 per cent contraction witnessed by the MSME sector in September 2018 is the sharpest since February 2017 when the sector was continuing to reel under impact of demonetisation. In February 2017, the credit outstanding for the MSME had contracted 5.2 per cent over the same period previous year.&lt;br /&gt;
&lt;br /&gt;
Economists say that the data reflects the fact that the MSME sector is facing constraints in availability of credit. &amp;ldquo;There is weakness in flow of credit to the MSME sector, they are finding it tough to raise funds. Even the government is trying to push liquidity for MSME players and that shows that there is some recognition of the fact that there are some issues,&amp;rdquo; said D K Joshi, chief economist at Crisil.&lt;br /&gt;
&lt;br /&gt;
Experts say the September data does show a shift towards tightening credit situation for the MSMEs and the contraction figure may broaden when data is available for October and November 2018.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://indianexpress.com/article/business/banking-and-finance/rbi-data-counters-rbi-claim-credit-to-small-firms-shrinks-5448823/&quot;&gt;click here&lt;/a&gt; to read more.
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On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.

While the Reserve...&#039;,
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&lt;br /&gt;
&lt;em&gt;On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks&amp;rsquo; credit outstanding to the Micro, Small and Medium Enterprises (MSMEs) sector has seen a contraction for the first time in 14 months in September 2018. This is the month IL&amp;amp;FS began defaulting on its outstanding dues. According to RBI data released Wednesday, while the overall bank credit outstanding and that to the industry segment grew by 11.3 per cent and 2.3 per cent respectively in September 2018 (over September 2017), the credit outstanding to the MSME sector &amp;mdash; which accounts for about 45 per cent of manufacturing output in the country and nearly 40 per cent of the total exports &amp;mdash; contracted by 1.4 per cent during the month.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
Economists say that the data reflects the fact that the MSME sector is facing constraints in availability of credit. &amp;ldquo;There is weakness in flow of credit to the MSME sector, they are finding it tough to raise funds. Even the government is trying to push liquidity for MSME players and that shows that there is some recognition of the fact that there are some issues,&amp;rdquo; said D K Joshi, chief economist at Crisil.&lt;br /&gt;
&lt;br /&gt;
Experts say the September data does show a shift towards tightening credit situation for the MSMEs and the contraction figure may broaden when data is available for October and November 2018.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://indianexpress.com/article/business/banking-and-finance/rbi-data-counters-rbi-claim-credit-to-small-firms-shrinks-5448823/&quot;&gt;click here&lt;/a&gt; to read more.
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-The Indian Express

On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.

While the Reserve..."/>
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                <strong>RBI data counters RBI claim: Credit to small firms shrinks -Sandeep Singh</strong></h1>
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                <div align="justify">-The Indian Express<br /><br /><em>On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.<br /></em><br />While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks&rsquo; credit outstanding to the Micro, Small and Medium Enterprises (MSMEs) sector has seen a contraction for the first time in 14 months in September 2018. This is the month IL&amp;FS began defaulting on its outstanding dues. According to RBI data released Wednesday, while the overall bank credit outstanding and that to the industry segment grew by 11.3 per cent and 2.3 per cent respectively in September 2018 (over September 2017), the credit outstanding to the MSME sector &mdash; which accounts for about 45 per cent of manufacturing output in the country and nearly 40 per cent of the total exports &mdash; contracted by 1.4 per cent during the month.<br /><br />If the MSME sector were to be excluded, then within the industry segment, the situation was better for medium and large scale industries, which saw credit outstanding expand by 3.3 and 2.9 per cent respectively. The 1.4 per cent contraction witnessed by the MSME sector in September 2018 is the sharpest since February 2017 when the sector was continuing to reel under impact of demonetisation. In February 2017, the credit outstanding for the MSME had contracted 5.2 per cent over the same period previous year.<br /><br />Economists say that the data reflects the fact that the MSME sector is facing constraints in availability of credit. &ldquo;There is weakness in flow of credit to the MSME sector, they are finding it tough to raise funds. Even the government is trying to push liquidity for MSME players and that shows that there is some recognition of the fact that there are some issues,&rdquo; said D K Joshi, chief economist at Crisil.<br /><br />Experts say the September data does show a shift towards tightening credit situation for the MSMEs and the contraction figure may broaden when data is available for October and November 2018.<br /><br />Please <a href="https://indianexpress.com/article/business/banking-and-finance/rbi-data-counters-rbi-claim-credit-to-small-firms-shrinks-5448823/" title="https://indianexpress.com/article/business/banking-and-finance/rbi-data-counters-rbi-claim-credit-to-small-firms-shrinks-5448823/">click here</a> to read more.</div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f57f8e9d040-trace').style.display = (document.getElementById('cakeErr67f57f8e9d040-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f57f8e9d040-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f57f8e9d040-code').style.display = (document.getElementById('cakeErr67f57f8e9d040-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f57f8e9d040-context').style.display = (document.getElementById('cakeErr67f57f8e9d040-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f57f8e9d040-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
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&lt;br /&gt;
&lt;em&gt;On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks&amp;rsquo; credit outstanding to the Micro, Small and Medium Enterprises (MSMEs) sector has seen a contraction for the first time in 14 months in September 2018. This is the month IL&amp;amp;FS began defaulting on its outstanding dues. According to RBI data released Wednesday, while the overall bank credit outstanding and that to the industry segment grew by 11.3 per cent and 2.3 per cent respectively in September 2018 (over September 2017), the credit outstanding to the MSME sector &amp;mdash; which accounts for about 45 per cent of manufacturing output in the country and nearly 40 per cent of the total exports &amp;mdash; contracted by 1.4 per cent during the month.&lt;br /&gt;
&lt;br /&gt;
If the MSME sector were to be excluded, then within the industry segment, the situation was better for medium and large scale industries, which saw credit outstanding expand by 3.3 and 2.9 per cent respectively. The 1.4 per cent contraction witnessed by the MSME sector in September 2018 is the sharpest since February 2017 when the sector was continuing to reel under impact of demonetisation. In February 2017, the credit outstanding for the MSME had contracted 5.2 per cent over the same period previous year.&lt;br /&gt;
&lt;br /&gt;
Economists say that the data reflects the fact that the MSME sector is facing constraints in availability of credit. &amp;ldquo;There is weakness in flow of credit to the MSME sector, they are finding it tough to raise funds. Even the government is trying to push liquidity for MSME players and that shows that there is some recognition of the fact that there are some issues,&amp;rdquo; said D K Joshi, chief economist at Crisil.&lt;br /&gt;
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&lt;br /&gt;
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-The Indian Express

On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.

While the Reserve..."/>
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                <strong>RBI data counters RBI claim: Credit to small firms shrinks -Sandeep Singh</strong></h1>
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                <div align="justify">-The Indian Express<br /><br /><em>On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.<br /></em><br />While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks&rsquo; credit outstanding to the Micro, Small and Medium Enterprises (MSMEs) sector has seen a contraction for the first time in 14 months in September 2018. This is the month IL&amp;FS began defaulting on its outstanding dues. According to RBI data released Wednesday, while the overall bank credit outstanding and that to the industry segment grew by 11.3 per cent and 2.3 per cent respectively in September 2018 (over September 2017), the credit outstanding to the MSME sector &mdash; which accounts for about 45 per cent of manufacturing output in the country and nearly 40 per cent of the total exports &mdash; contracted by 1.4 per cent during the month.<br /><br />If the MSME sector were to be excluded, then within the industry segment, the situation was better for medium and large scale industries, which saw credit outstanding expand by 3.3 and 2.9 per cent respectively. The 1.4 per cent contraction witnessed by the MSME sector in September 2018 is the sharpest since February 2017 when the sector was continuing to reel under impact of demonetisation. In February 2017, the credit outstanding for the MSME had contracted 5.2 per cent over the same period previous year.<br /><br />Economists say that the data reflects the fact that the MSME sector is facing constraints in availability of credit. &ldquo;There is weakness in flow of credit to the MSME sector, they are finding it tough to raise funds. Even the government is trying to push liquidity for MSME players and that shows that there is some recognition of the fact that there are some issues,&rdquo; said D K Joshi, chief economist at Crisil.<br /><br />Experts say the September data does show a shift towards tightening credit situation for the MSMEs and the contraction figure may broaden when data is available for October and November 2018.<br /><br />Please <a href="https://indianexpress.com/article/business/banking-and-finance/rbi-data-counters-rbi-claim-credit-to-small-firms-shrinks-5448823/" title="https://indianexpress.com/article/business/banking-and-finance/rbi-data-counters-rbi-claim-credit-to-small-firms-shrinks-5448823/">click here</a> to read more.</div>               </font>
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks&amp;rsquo; credit outstanding to the Micro, Small and Medium Enterprises (MSMEs) sector has seen a contraction for the first time in 14 months in September 2018. This is the month IL&amp;amp;FS began defaulting on its outstanding dues. According to RBI data released Wednesday, while the overall bank credit outstanding and that to the industry segment grew by 11.3 per cent and 2.3 per cent respectively in September 2018 (over September 2017), the credit outstanding to the MSME sector &amp;mdash; which accounts for about 45 per cent of manufacturing output in the country and nearly 40 per cent of the total exports &amp;mdash; contracted by 1.4 per cent during the month.&lt;br /&gt;
&lt;br /&gt;
If the MSME sector were to be excluded, then within the industry segment, the situation was better for medium and large scale industries, which saw credit outstanding expand by 3.3 and 2.9 per cent respectively. The 1.4 per cent contraction witnessed by the MSME sector in September 2018 is the sharpest since February 2017 when the sector was continuing to reel under impact of demonetisation. In February 2017, the credit outstanding for the MSME had contracted 5.2 per cent over the same period previous year.&lt;br /&gt;
&lt;br /&gt;
Economists say that the data reflects the fact that the MSME sector is facing constraints in availability of credit. &amp;ldquo;There is weakness in flow of credit to the MSME sector, they are finding it tough to raise funds. Even the government is trying to push liquidity for MSME players and that shows that there is some recognition of the fact that there are some issues,&amp;rdquo; said D K Joshi, chief economist at Crisil.&lt;br /&gt;
&lt;br /&gt;
Experts say the September data does show a shift towards tightening credit situation for the MSMEs and the contraction figure may broaden when data is available for October and November 2018.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://indianexpress.com/article/business/banking-and-finance/rbi-data-counters-rbi-claim-credit-to-small-firms-shrinks-5448823/&quot;&gt;click here&lt;/a&gt; to read more.
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On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.

While the Reserve...&#039;,
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&lt;br /&gt;
&lt;em&gt;On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks&amp;rsquo; credit outstanding to the Micro, Small and Medium Enterprises (MSMEs) sector has seen a contraction for the first time in 14 months in September 2018. This is the month IL&amp;amp;FS began defaulting on its outstanding dues. According to RBI data released Wednesday, while the overall bank credit outstanding and that to the industry segment grew by 11.3 per cent and 2.3 per cent respectively in September 2018 (over September 2017), the credit outstanding to the MSME sector &amp;mdash; which accounts for about 45 per cent of manufacturing output in the country and nearly 40 per cent of the total exports &amp;mdash; contracted by 1.4 per cent during the month.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
Experts say the September data does show a shift towards tightening credit situation for the MSMEs and the contraction figure may broaden when data is available for October and November 2018.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://indianexpress.com/article/business/banking-and-finance/rbi-data-counters-rbi-claim-credit-to-small-firms-shrinks-5448823/&quot;&gt;click here&lt;/a&gt; to read more.
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On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.

While the Reserve...&#039;
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-The Indian Express

On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.

While the Reserve..."/>
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                <strong>RBI data counters RBI claim: Credit to small firms shrinks -Sandeep Singh</strong></h1>
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                <div align="justify">-The Indian Express<br /><br /><em>On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.<br /></em><br />While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks&rsquo; credit outstanding to the Micro, Small and Medium Enterprises (MSMEs) sector has seen a contraction for the first time in 14 months in September 2018. This is the month IL&amp;FS began defaulting on its outstanding dues. According to RBI data released Wednesday, while the overall bank credit outstanding and that to the industry segment grew by 11.3 per cent and 2.3 per cent respectively in September 2018 (over September 2017), the credit outstanding to the MSME sector &mdash; which accounts for about 45 per cent of manufacturing output in the country and nearly 40 per cent of the total exports &mdash; contracted by 1.4 per cent during the month.<br /><br />If the MSME sector were to be excluded, then within the industry segment, the situation was better for medium and large scale industries, which saw credit outstanding expand by 3.3 and 2.9 per cent respectively. The 1.4 per cent contraction witnessed by the MSME sector in September 2018 is the sharpest since February 2017 when the sector was continuing to reel under impact of demonetisation. In February 2017, the credit outstanding for the MSME had contracted 5.2 per cent over the same period previous year.<br /><br />Economists say that the data reflects the fact that the MSME sector is facing constraints in availability of credit. &ldquo;There is weakness in flow of credit to the MSME sector, they are finding it tough to raise funds. Even the government is trying to push liquidity for MSME players and that shows that there is some recognition of the fact that there are some issues,&rdquo; said D K Joshi, chief economist at Crisil.<br /><br />Experts say the September data does show a shift towards tightening credit situation for the MSMEs and the contraction figure may broaden when data is available for October and November 2018.<br /><br />Please <a href="https://indianexpress.com/article/business/banking-and-finance/rbi-data-counters-rbi-claim-credit-to-small-firms-shrinks-5448823/" title="https://indianexpress.com/article/business/banking-and-finance/rbi-data-counters-rbi-claim-credit-to-small-firms-shrinks-5448823/">click here</a> to read more.</div>               </font>
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-The Indian Express<br />
<br />
<em>On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.<br />
</em><br />
While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks&rsquo; credit outstanding to the Micro, Small and Medium Enterprises (MSMEs) sector has seen a contraction for the first time in 14 months in September 2018. This is the month IL&amp;FS began defaulting on its outstanding dues. According to RBI data released Wednesday, while the overall bank credit outstanding and that to the industry segment grew by 11.3 per cent and 2.3 per cent respectively in September 2018 (over September 2017), the credit outstanding to the MSME sector &mdash; which accounts for about 45 per cent of manufacturing output in the country and nearly 40 per cent of the total exports &mdash; contracted by 1.4 per cent during the month.<br />
<br />
If the MSME sector were to be excluded, then within the industry segment, the situation was better for medium and large scale industries, which saw credit outstanding expand by 3.3 and 2.9 per cent respectively. The 1.4 per cent contraction witnessed by the MSME sector in September 2018 is the sharpest since February 2017 when the sector was continuing to reel under impact of demonetisation. In February 2017, the credit outstanding for the MSME had contracted 5.2 per cent over the same period previous year.<br />
<br />
Economists say that the data reflects the fact that the MSME sector is facing constraints in availability of credit. &ldquo;There is weakness in flow of credit to the MSME sector, they are finding it tough to raise funds. Even the government is trying to push liquidity for MSME players and that shows that there is some recognition of the fact that there are some issues,&rdquo; said D K Joshi, chief economist at Crisil.<br />
<br />
Experts say the September data does show a shift towards tightening credit situation for the MSMEs and the contraction figure may broaden when data is available for October and November 2018.<br />
<br />
Please <a href="https://indianexpress.com/article/business/banking-and-finance/rbi-data-counters-rbi-claim-credit-to-small-firms-shrinks-5448823/">click here</a> to read more.
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While the Reserve...',
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-The Indian Express<br />
<br />
<em>On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.<br />
</em><br />
While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks&rsquo; credit outstanding to the Micro, Small and Medium Enterprises (MSMEs) sector has seen a contraction for the first time in 14 months in September 2018. This is the month IL&amp;FS began defaulting on its outstanding dues. According to RBI data released Wednesday, while the overall bank credit outstanding and that to the industry segment grew by 11.3 per cent and 2.3 per cent respectively in September 2018 (over September 2017), the credit outstanding to the MSME sector &mdash; which accounts for about 45 per cent of manufacturing output in the country and nearly 40 per cent of the total exports &mdash; contracted by 1.4 per cent during the month.<br />
<br />
If the MSME sector were to be excluded, then within the industry segment, the situation was better for medium and large scale industries, which saw credit outstanding expand by 3.3 and 2.9 per cent respectively. The 1.4 per cent contraction witnessed by the MSME sector in September 2018 is the sharpest since February 2017 when the sector was continuing to reel under impact of demonetisation. In February 2017, the credit outstanding for the MSME had contracted 5.2 per cent over the same period previous year.<br />
<br />
Economists say that the data reflects the fact that the MSME sector is facing constraints in availability of credit. &ldquo;There is weakness in flow of credit to the MSME sector, they are finding it tough to raise funds. Even the government is trying to push liquidity for MSME players and that shows that there is some recognition of the fact that there are some issues,&rdquo; said D K Joshi, chief economist at Crisil.<br />
<br />
Experts say the September data does show a shift towards tightening credit situation for the MSMEs and the contraction figure may broaden when data is available for October and November 2018.<br />
<br />
Please <a href="https://indianexpress.com/article/business/banking-and-finance/rbi-data-counters-rbi-claim-credit-to-small-firms-shrinks-5448823/">click here</a> to read more.
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-The Indian Express

On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch.

While the Reserve...'
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RBI data counters RBI claim: Credit to small firms shrinks -Sandeep Singh

-The Indian Express On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch. While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks’ credit outstanding to the Micro, Small and Medium Enterprises (MSMEs) sector has seen a contraction for the first time in 14 months in September 2018. This is the month IL&FS began defaulting on its outstanding dues. According to RBI data released Wednesday, while the overall bank credit outstanding and that to the industry segment grew by 11.3 per cent and 2.3 per cent respectively in September 2018 (over September 2017), the credit outstanding to the MSME sector — which accounts for about 45 per cent of manufacturing output in the country and nearly 40 per cent of the total exports — contracted by 1.4 per cent during the month. If the MSME sector were to be excluded, then within the industry segment, the situation was better for medium and large scale industries, which saw credit outstanding expand by 3.3 and 2.9 per cent respectively. The 1.4 per cent contraction witnessed by the MSME sector in September 2018 is the sharpest since February 2017 when the sector was continuing to reel under impact of demonetisation. In February 2017, the credit outstanding for the MSME had contracted 5.2 per cent over the same period previous year. Economists say that the data reflects the fact that the MSME sector is facing constraints in availability of credit. “There is weakness in flow of credit to the MSME sector, they are finding it tough to raise funds. Even the government is trying to push liquidity for MSME players and that shows that there is some recognition of the fact that there are some issues,” said D K Joshi, chief economist at Crisil. Experts say the September data does show a shift towards tightening credit situation for the MSMEs and the contraction figure may broaden when data is available for October and November 2018. Please click here to read more.