Msme Bill

PM Modi speaks to Assam CM as flood situation deteriorates, promises help

Prime Minister Narendra Modi on Monday enquired about the prevailing flood situation in Assam and assured of all support to handle the crisis, Chief Minister Himanta Biswa Sarma said. The flood situation across the state continued to deteriorate with incessant rains inundating many districts, affecting lakhs of people. "Hon'ble Prime Minister Shri @narendramodi Ji called me a short while ago to enquire about the flood situation in Assam. I explained him that Assam is experiencing a second wave of floods this year due to heavy rains in Arunachal Pradesh and part of our upper Assam districts," Sarma said in a post on X. He also briefed Modi about the relief measures undertaken by the state government. Sarma said, "He assured me of full cooperation from the Government of India in this hour of crisis." The flood situation worsened in Assam on Sunday with two more persons losing their lives and over 2.62 lakh people reeling under the deluge across eight districts. Meanwhile, Union Min

South Indian Bank targets 11-12% deposit growth in FY25: MD & CEO Seshadri

The bank will focus more on growing its retail and micro, small and medium enterprises (MSME) portfolio

Digital lenders seek cap on default loss guarantee models from RBI

They suggested that the central bank could look at a reasonable cap to the FLDG models, given RBI's concerns of around build-up of systemic risk and 100% risk transfer rather than banning it outright

PSUs, govt agencies owe Rs 5 trn in outstanding dues to MSMEs: Gadkari

The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days

Govt to set up Rs 1-trn fund to clear pending MSME payments: Gadkari

He said the proposal may be placed before the Cabinet for approval once the finance ministry gives its go-ahead

Industry backs govt's move to have a single definition for small businesses

However, they are opposing the decision to base definition only on annual turnover

RSS affiliates oppose Modi govt's MSME Amendment Bill, demand withdrawal

Say passage of Bill would turn India into a nation of traders and importers of Chinese goods