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Monday, November 25, 2024

Latest News

Cabinet approves Special Liquidity Scheme for NBFCs/HFCs to address their Liquidity Stress

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the proposal of the Ministry of Finance to launch a new Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies...

Guaranteed Emergency Credit Line (GECL) facility to eligible Micro, Small and Medium Enterprise (MSME) borrowers, including interested MUDRA borrowers

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given the following approvals: To enable additional funding of up to Rs. three lakh crore to eligible MSMEs and interested MUDRA borrowers by way of "Emergency Credit...

Cabinet approves modifications in the existing “Partial Credit Guarantee Scheme (PCGS)”

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the Sovereign portfolio guarantee of up to 20% of first loss for purchase of Bonds or Commercial Papers (CPs) with a rating of AA and below...

Cabinet approves “Scheme for formalisation of Micro Food Processing Enterprises (FME)”

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to a new Centrally Sponsored Scheme - "Scheme for Formalisation of Micro food processing Enterprises (FME)" for the Unorganized Sector on All India basis...

Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and employers during COVID-19 pandemic

Various measures have been announced from time to time to provide relief to the employers and employees of the establishments covered under the EPF & MP Act, 1952 distressed by Lockdown to prevent spread of COVID-19 and other disruptions...

Every sector that is critical for India’s growth story has seen reform : Prakash Javadekar

Union Minister for Information & Broadcasting Shri Prakash Javadekar has said the clarion call of self reliance or ‘Aatma Nirbhar Bharat’, followed by a series of historic steps taken over a period of five days, will be remembered by...

FM announces Government Reforms and Enablers across Seven Sectors under Aatma Nirbhar Bharat Abhiyaan

Rs 40,000 crore  increase in allocation for MGNREGS to provide employment boost Increased investments in Public Health and other health reforms to prepare India for future pandemics Technology Driven Education with Equity post-COVID Further enhancement of Ease of Doing...

Relief package announced by Union Government for different sectors and new MSME definition will give huge boost to industry: Gadkari

Union Minister for MSME and Road Transport and Highways Shri Nitin Gadkari has said that the relief package announced by the Union Government for different stakeholders/sectors including MSME, labour, agriculture etc. and the new definition of MSMEs will give...

Central Public Sector Enterprises (32 Maharatnas and Navratnas) due payments to MSMEs

The Department of Expenditure, Ministry of Finance, has been monitoring, on a monthly basis, the performance of the 32 top Maharatna and Navratna Central Public Sector Enterprises (CPSEs) to review their capital expenditure and the dues to vendors with...

INAE invites nomination for INAE Young Entrepreneur Award 2020

Indian National Academy of Engineering (INAE), Gurgaon, an autonomous institute of the Department of Science & Technology (DST), has invited nominations for INAE Young Entrepreneur Award 2020. The award would carry a citation and a cash prize of Rs...

Latest News

GeM Partnership with Sikkim: Boosting Digital Procurement Across India

The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....