Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indian economy …. This sector is key to addressing the lingering job crisis in the country. This is what we often hear in speeches.
The Indian government is considering giving more powers to the central bank to regulate the struggling shadow banking sector, Finance Minister Nirmala Sitharaman informed Parliament on Monday.
Coimbatore, July 1 (KNN) The micro, small and medium enterprises (MSMEs) should be treated as a priority sector and a special budget provision should be there for them, said Coimbatore District Small Industries Association (CODISSIA) while sharing its budget expectations with KNN India.
For the last few years, there has been a tug of-war between the Reserve Bank of India (RBI) and the central government, as the latter wants access to the bank’s “excess reserves”.
Punjab & Sind Bank has set up the Centralised MSME & Retail Group (Cen-MARG) for credit facilities at its head office in the national capital.
West Bengal Finance Minister Amit Mitra came down heavily on the current as well as proposed mechanism of filing goods and services tax (GST) returns as well as "distortion" in the rate structure on Monday, when the Union government celebrated two years of the roll-out of the indirect tax regime.