Chennai: Lack of working capital is the biggest concern for the MSME sector, with the sectoral data on bank credit by the RBI showing a fall of 3.8% year-on-year as on September 27 and outstanding loans shrunk by Rs 14177 crore to Rs 3.63 lakh crore.
Chennai: Lack of working capital is the biggest concern for the MSME sector, with the sectoral data on bank credit by the RBI showing a fall of 3.8% year-on-year as on September 27 and outstanding loans shrunk by Rs 14177 crore to Rs 3.63 lakh crore.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, surged 0.09 per cent to 97.59.
India will no longer be a part of the mega RCEP trade deal, as its concerns around imports, especially from China, were left unaddressed.
Mumbai: The Reserve Bank of India (RBI) has sought innovations in the area of feature phone payments, offline digital transactions and contactless payments.
Mumbai: The current slowdown has been the most severe one in the last 20 years said a Centrum brokerage firm report, adding that its impact has been "unprecedented" on both rural and urban demand. It forecast growth rebound only by first or second quarter of 2021.