'It has been in the range of 20-30 per cent in almost every quarter'
Prime Minister Narendra Modi is scheduled to inaugurate DefExpo 22 on Thursday
Separately on Thursday, at the G-20 meeting, Sitharaman called on her counterparts to work together from the current geopolitical risks from worsening
Currently, 8 sectors are eligible to get lending under the PSL mechanism including agriculture, MSMEs, export credit, housing, education, renewables, and social infrastructure sectors
NBFC has more than Rs 2,600 crore in AUM and it has some 200 branches
The electrical machinery/equipment segment grew nearly 90 per cent with shipments jumping to Rs 13,606 crore in the April-July 2022 from Rs 7,202 crore in the year-ago period.
An engineering sector's body of MSMEs has demanded from the government to announce a production linked incentive scheme (PLI) for the industry to boost domestic manufacturing, exports and job creation. In a communication to the commerce ministry, Ludhiana-based Hand Tools Association said that the sector provides employment to 7.25 workers for every Rs 1-crore sale per year on an average as compared to the job creation ratio of 4.75 in bicycle industry and 5-6 in textiles. Exports of hand tools industry is about Rs 3,200 crore annually. The association's President S C Ralhan said that the Indian hand tools industry has a long way to go in order to realise its full potential and it holds huge possibilities. But the main challenge is rapid modernisation, he added. "The total hand tools industry globally is Rs 30,000 crore and there is aggregate potential for modernisation and growth. Thus we request that the government should prioritise the industry and also bring it under the PLI .
But a widening credit-deposit gap is a concern for lenders
All Class A and Class B med device makers to switch to licensing regime within; many are dealing with slow pace of govt audits or simply not clearing them
Rajasthan Chief Minister Ashok Gehlot will release the state's first handicrafts policy and Rajasthan MSME Policy-2022 on Saturday on the occasion of MSME Day. Udyog Ratna and Export Promotion Awards will also be given to entrepreneurs and exporters in the programme, an official statement said. According to the program, Chief Minister Gehlot will release these policies at a program in Jaipur and will release a coffee table book 'Rajasthani Artifacts' prepared on the handicrafts of Rajasthan. Industries Minister Shakuntala Rawat said that the objective of Rajasthan Handicraft Policy-2022 is to provide better marketing arrangements for the upliftment of handicrafts, to revive traditional arts and extinct arts and to create new employment opportunities. With the implementation of the first handicraft policy of the state, artisans of rugs, ceramic and clay art, painting, leather craft, jewellery etc. will be benefited and more than 50,000 new employment opportunities will be available
The National Credit Guarantee Trustee Company Ltd (NCGTC) declared that 1.6 million accounts or 16.4 per cent of the total 9.8 million loans disbursed have been converted to NPAs
Nine banks have picked up stake in the Open Network for Digital Commerce (ONDC) network
Of the targeted $20 billion GMV by FY32, JSW products is expected to account for 65 per cent, the balance would be non-JSW
In a Q&A, T Koshy, dwells on the network's national road map, challenges in onboarding small retailers, and the value proposition for customers
Company seeks to gain from increasing global supply chain financing volumes
Retail trade, hospitality, aviation at high risk; long-term credit demand growing for infra, chemicals, food processing, and iron and steel sectors
Most MSMEs running at 60 per cent capacity as high input prices have also made exports costlier
Among the top-selling UP products are leather goods, carpets, hand woven textiles, brassware, glassware, sports goods, etc
Richard Moore, chief of the Secret Intelligence Service, also estimated that about 15k Russian troops had been killed so far in its war in Ukraine, adding that was 'probably a conservative estimate'
Chief minister Ashok Gehlot said that Rajasthan has great potential for investors, adding that the positive atmosphere here attracts investors from all over the country and the world