Working Capital Loan
All that glitters is not gold for Reserve Bank & FinMin
Rightly so. Since November 1962, there have been many attempts to monetise gold. It's finally happening, but we must look for sustainable growth
 "All that glitters is not gold for Reserve Bank & FinMin")
PHDCCI seeks revival of credit linked subsidy for micro, small units
Industry body PHDCCI has approached the government seeking reintroduction of the Credit Linked Capital Subsidy Scheme to facilitate technology upgradation of micro and small enterprises. The scheme provided an upfront capital subsidy of 15 per cent subject to a maximum amount of Rs 15 lakh on institutional finance availed by the enterprises for induction of well-established and improved technology in the specified 51 sub-sectors/products. It was valid till 2019-20 and was discontinued thereafter. President of PHD Chamber of Commerce and Industry (PHDCCI) Saket Dalmia took up the issue in a letter to Union Minister for Micro Small and Medium Enterprises Narayan Rane last week. "We have been receiving feedback from our MSME members requesting us to take up the issue with the government for revival and reintroduction of the scheme as MSMEs still need this kind of financial support. We, therefore, earnestly request your good self to kindly look into this matter and initiate necessary ..
 "PHDCCI seeks revival of credit linked subsidy for micro, small units")
Axis Bank bets on MSMEs, working capital loans to boost credit growth
The lender is seeing demand for capex growth, apart from working capital, an indicator that investments are picking up
 "Axis Bank bets on MSMEs, working capital loans to boost credit growth")
Credit to industry up 12.6% YoY in September; touches 100-month high
Apart from base effect, credit to industry got a big boost from MSMEs; among sectors, petroleum, gems & jewellery, engineering, iron & steel, and construction were key drivers
 "Credit to industry up 12.6% YoY in September; touches 100-month high")
Strong retail interest sees DCX Systems IPO subscribed 2.19 times on day-1
Price band set at Rs 197-207 a share; retail portion sold 8.7x
 "Strong retail interest sees DCX Systems IPO subscribed 2.19 times on day-1")
Small firms bank on Tata and M&M's finance arms for working capital needs
An increase in sales across all categories in the automobile industry, has made need for higher working capital inevitable
 "Small firms bank on Tata and M&M's finance arms for working capital needs")
