As the majority of Indian micro, small and medium enterprises (MSMEs) continue to face debt and delayed payments, about 90 per cent are confident about India’s economy In 2024, according to a study by NeoGrowth, an MSME-focused non-banking financial company (NBFC). The MSME business confidence Study revealed that about 91 per cent of MSMEs expect […]
Although winter is the peak time for the textile industry to make sales, the traders have reported that all their hopes have been dashed to the ground due to the late arrival of the winter season. The industry which has already been facing stagnation for the last few years also failed to get relief this […]
An Engineering Export Promotion Council of India (EEPC) report revealed that India’s engineering goods exports experienced a 3 per cent year-on-year (YoY) dip in November, totaling USD 7.85 billion. The setback was primarily attributed to disruptions caused by the festive season, impacting operations in major engineering export belts across the country, particularly in the northern […]
In a move that is set to impact businesses and consumers, oil marketing companies (OMCs) have announced an increase in the prices of commercial LPG gas cylinders. Effective from 1 November, the retail price of the 19 Kg commercial LPG gas cylinder in Delhi will see a hike of Rs 101, bringing the new rate […]
Union Minister Piyush Goyal on Thursday asked the industrialists of the country to accelerate production activity and contribute to making India a global hub for manufacturing. “The minister asked the industry to accelerate production activity and contribute to making India a global hub for manufacturing. The Minister emphasized the Government’s steadfast commitment to providing consistent […]
Despite rising raw material costs, increase in the prices of petrol and diesel are improbable, due to the forthcoming general elections, according to Moody’s Investors Service. The price of petrol and diesel has been frozen for a record-breaking 18 months thanks to three state-owned gasoline retailers: Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and […]
The Federation of Indian Export Organisations (FIEO) on Friday requested Union Finance Minister Nirmala Sitharaman to extend benefits till March 2024 that were provided under the Emergency Credit Line Guarantee Scheme (ECLGS). According to reports, the scheme ended in March 2023. The Emergency Credit Line Guarantee Scheme (ECLGS) was launched in May 2020 as part […]
Indian micro, small and medium enterprises (MSMEs) contribute around 30 per cent to India’s gross domestic product (GDP), constitute nearly 40 per cent of total exports and provide employment to about 11 crore people; more than half of them are located in rural India. Despite challenges, the sector is the backbone of the nation’s economy. […]
