The financial crisis at non-banking financial companies (NBFCs) has hit India’s textile industry, as unavailability of working capital has restricted companies from capacity expansion and made difficult the servicing of existing loans.
NEW DELHI: The heads of Public Sector Banks are likely to meet the Reserve Bank of India (RBI) Governor (RBI) next week to discuss on the future roadmap for the banks including a roadmap for bank recapitalisation.
Mumbai: The RBI lowered the US dollarNSE 1.32 % purchases in May by almost half the purchases in May to just about $2.5 billion as the inflows slowed amid uncertainty about US interest rates and elections.
Kolkata, Jul 11 (UNI) Indian Chamber of Commerce (ICC) organized its MSME Convention 2019 today in Swabhumi, Kolkata.
The 2019 Budget has not shied away from focusing on the MSME sector. The Finance Minister’s speech has paid due emphasis to legitimate profit-earning businesses and acknowledged the role of the sector as India’s job-creators.
Government has launched the Startup India Initiative with the objective of building strong eco-system for nurturing innovation and startups in the country.