-Livemint.com While the industry Ebitda margin is expected to touch pre-pandemic level this fiscal, MSMEs in more than half the sectors will buck the trend. The performance is also underwhelming in the context of corporate India, which is expected to log a 10-14% increase in revenue and Ebitda margin of 19-20% NEW DELHI: More than a quarter of India’s micro, small and medium enterprises (MSMEs) lost over 3% market share due to...
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India exported 1.8 million tonnes wheat to several countries since ban: Food Secretary
-PTI/ The Hindu India has exported 1.8 million tonnes of wheat to a dozen-odd countries, including Bangladesh and Afghanistan, since the country banned exports of the grain on May 13, according to Food Secretary Sudhanshu Pandey. About 33,000 tonnes of wheat as humanitarian assistance has already been supplied to Afghanistan against the commitment of 50,000 tonne, he said. Mr. Pandey, addressing a ministerial conference on ‘uniting for global food security’ held at Berlin,...
More »Loans worth ₹37 trillion sanctioned to MSMEs in FY22, up 182% from FY20: Report
-Livemint.com From ₹37.7 lakh in FY20 to ₹72.4 lakh in FY21-22, the average ticket size of MSME loans increased by 92%, the data on MSME loans showed. Total loan sanctioned to MSMEs stood at ₹37.29 trillion in FY22, an increase of roughly 5% over FY21 and 182% over FY20, as per a report by CRIF High Mark, a credit bureau. From ₹37.7 lakh in FY20 to ₹72.4 lakh in FY21-22, the average ticket...
More »Economist recounts boom-to-gloom experience of Argentina -Joyjit Ghosh
-The Telegraph Kaushik Basu credits country’s intellectual influx and links its downfall to the practice of hyper-nationalism by junta in 1930s Calcutta: The pursuit of hawkish nationalism is detrimental to the growth of a country’s economy, Kaushik Basu, C. Marks Professor of international studies and professor of economics at Cornell University, said at Para in Purulia on Thursday. “We cannot be hyper-nationalistic…,” Basu said while delivering a lecture on “India’s economy and the...
More »India has a dal problem – open import policy is hurting prices and farmers -Shweta Saini, Pulkit Khatri and Siraj Hussain
-ThePrint.in Pulses, except masur, are selling lower than MSP. Government must review its policy before it’s too late. Introduced as part of the Narendra Modi government’s aggressive measures last year to tame the spike in prices of pulses, it is time to review the open import policy of tur and urad. These pulses, in addition to chana and mung, have been trading below their MSP levels for a while now. With an...
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