Finance News

70,000 firms ready to deal with virus crisis

NEW DELHI : More than 70,000 companies on Monday told the ministry of corporate affairs (MCA) that they have implemented the work-from-home policy and are prepared to deal with the Covid-19 crisis. The companies, which have filled a compliance form issued by the ministry, include most large corporations, said a government…

Be job makers instead of seekers: MSME officials

The entrepreneurship cell of the PCTE Group of Industries organised a national-level awareness programme (NLAP 2020) with the aim to motivate the youth for entrepreneurship and make them ‘job providers instead of job seekers’. The programme was conducted by the officials of the Ministry of Micro, Small and Medium Enterprises…

CSC e-Governance to take MSME Ministry schemes to rural India

The MSME Ministry and e-governance services delivery arm CSC SPV have signed an agreement to promote schemes run by the ministry in rural areas. “Only CSC has potential to create grassroot entrepreneurs. Our CSCs are itself small enterprises. Like other government programmes and schemes, we will help MSME Ministry in…

RBI extends one-time restructuring scheme for MSME loans

After Finance Minister Nirmala Sitharaman, while presenting Union Budget 2020 on 1st February, said the government has asked the Reserve Bank of India (RBI) to extend the debt restructuring window by another year ending March 31, 2021, RBI in its Monetary Policy Review Meeting today said that it would be extending the…

RBI manna for MSME sector can spur demand, says CRISIL SME Tracker

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at its February 6 meeting made several announcements to spur credit flow to the micro, small and medium enterprise (MSME) sector. First, the Union Budget for 2020-21 had extended the option of one-time restructuring of MSME loan accounts without classifying…

MSMEs need not use IBC to recover dues

Taking the route the MSMED Act provides is faster, easier and can be enforced through decree One of the most talked of laws in recent years has been the introduction of the Insolvency and Bankruptcy Code, 2016, which has given stakeholders the power to take a defaulter (company/LLP) to the…

Gadkari, MSMEs complain of poor disbursal under 59-minute loan scheme

NEW DELHI: Micro, small and medium enterprises (MSME) minister Nitin Gadkari and small businesses on Tuesday complained about the 59-minute loan scheme being slow in disbursing loan, while asking FM Nirmala Sitharaman to ensure that their dues from the government are cleared expeditiously. Gadkari flagged both the concerns during a meeting convened by FM…

24×7 Neft transfer from Dec ember to boost digital play

New Delhi: Taking a series of steps to boost the adoption of digital payments, RBI on Wednesday said the National Electronic Funds Transfer (NEFT) facility will be available 24×7, the scope of utility bill payments will be expanded, and more players will be encouraged in the retail payment space. Beginning December, online payments…

स्टीलबर्ड कंपनी काश्मीरमध्ये फॅक्ट्री उघडणार

नवी दल्लीः जम्मू-काश्मीरला विशेष राज्याचा दर्जा देणारे कलम ३७० रद्द करण्याचा निर्णय केंद्र सरकारने घेतल्यानंतर देशभरातून या निर्णयाचे स्वागत करण्यात येत आहे. या निर्णयानंतर जम्मू-काश्मीरमध्ये जमीन खरेदी करण्याला, व्यापार करण्याला इतर राज्यातील लोकांना परवानगी मिळणार आहे. आशियातील सर्वात मोठी हेल्मेट कंपनी स्टीलबर्ड हायटेकने जम्मू-काश्मीरमध्ये कारखाना उघडण्याची इच्छा बोलून दाखवली आहे. स्टीलबर्ड…

काश्मीरमध्ये मिळणार गुंतवणुकीची संधी, बांधकाम व्यवसायिक उत्सूक

जम्मू काश्मीरला विशेष राज्याचा दर्जा देणारे कलम ‘३५ ए’ आणि ‘३७०’ हटविल्यानंतर बांधकाम क्षेत्रातील कंपन्या आता तेथे गुंतवणुकीसाठी संधी शोधत आहेत. त्याचमुळे देशातील रिअल इस्टेट क्षेत्रात कमालीचे उत्साहाचे वातावरण पसरले आहे जम्मू काश्मीरला विशेष राज्याचा दर्जा देणारे कलम ‘३५ ए’ आणि ‘३७०’ हटविल्यानंतर बांधकाम क्षेत्रातील कंपन्या आता तेथे गुंतवणुकीसाठी संधी…

कर्ज घोटाळ्यात ईडीच्या धाडी; ४८१ कोटींच्या मालमत्ता जप्त

नवी दिल्ली : कोट्यवधी रुपयांच्या कर्ज घोटाळ्याप्रकरणी अंमलबजावणी संचालनालयाने (ईडी) गुरुवारी बासमती तांदूळ प्रक्रिया उद्योगातील आघाडीची कंपनी आरईआय अ‍ॅग्रो लिमिटेडच्या तळांवर छापे मारले. या छाप्यांत कंपनीच्या ४८१ कोटी रुपयांपेक्षा जास्त किमतीच्या मालमत्ता ईडीने जप्त केल्या आहेत. ईडीने कंपनीविरुद्ध मनी लाँड्रिंग प्रतिबंधक कायद्यान्वये हंगामी जप्ती आदेश काढला होता. त्यानुसार, ही कारवाई करण्यात आल्याचे…

Cash-strapped developers offer barter deals to construction firms

Builders offer unfinished apartments instead of cash to contractors as liquidity crunch hurts both parties Paradigm Realty has accepted 160 flats instead of cash in Zenith Residences project, Thane MUMBAI: Barter is back in fashion in real estate as cash-strapped developers offer unfinished apartments instead of cash payment to their…

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