-The Indian Express Total procurement and transactions from MSMEs has gone up almost two-and-a-half times in October to Rs 5,000 crore compared to Rs 2,300 crore in May. The Ministry of Micro, Small and Medium Enterprises (MSMEs) Tuesday said that there has been a monthly rise in procurement and payments to MSMEs, alongside a fall in the ratio of pendency of payments. The pending payments to MSMEs are around one-fifth against the...
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Loan interest waiver to be credited by November 5
-The Hindu Scheme will be implemented even for borrowers who did not avail moratorium. Three weeks after informing the Supreme Court that the Centre would bear the additional compound interest on loans of up to ₹2 crore availed by retail borrowers as well as micro, small and medium enterprises (MSMEs), the government formally communicated the modalities of the scheme to lenders on Friday. Banks and other lenders, including co-operative banks and non-banking finance...
More »MSMEs -- re-defined for growth -Surbhi Jain and Sonali Chowdhry
-The Hindu Business Line The expanded ambit now allows a larger pool of enterprises to get the benefits of the MSME Act and pandemic-induced reforms Micro, small and medium enterprises (MSMEs) are amongst the strongest drivers of the economy with a vast network of about six crore enterprises, contributing about 45 per cent to manufacturing output, 50 per cent to exports, around 30 per cent to GDP, and creating employment for about...
More »Jal Shakti ministry’s groundwater guideline shuns opportunity to address overall crisis -KAS Mani
-Down to Earth Complex groundwater systems cannot be controlled or predicted, but need to be better managed and made more efficient The Central Ground Water Authority’s (GGWA) latest guideline — banning the grant of no-objection certificates (NoC) for extracting groundwater to all new industries coming up in ‘over-exploited’ areas — is yet another duplication of previous failed policy regulations. By implication, the new regulatory policy is not pretentious about looking at the problem...
More »A session marked by govt’s stock reply: It has no data -Sindhu Bhattacharya
-TheFederal.com Crucial questions such as on migrants, farmers and jobs remain in ‘suspended animation’ as a parliamentary panel takes a dim view of govt’s inability to present a clear view of nation’s socio-economic indicators The ongoing monsoon session of Parliament has been in the news more for the government hiding behind its stock reply — lack of data – than for legislating. Many questions have remained just that. These involved the number of...
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