Vice-chairman of the National Institution for Transforming India (NITI) Aayog Arvind Panagariya expressed hope that the so-called light manufacturing sector will relocate to India from China. “There is considerable scope for large firms in the light manufacturing sector to move out of China due t…
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Small businesses are driving India’s mobile banking growth story
Mobile banking in India seems to have finally turned a corner. The value of transactions made from mobile phones in the country was the highest in December 2015, compared to a year ago. And corporate accounts—especially Small and Medium Enterprises (SMEs)—are bigger growth drivers than individual…
Quality Council of India to cover 1.25 million MSMEs with their ZED model in next five years
Hailed as Asia’s largest Defence exhibition, the recently concluded Defexpo 2016 saw participation from 1055 registered companies from 47 nations. Union Defence Minister Manohar Parrikar focused on the amended DPP aimed at empowering India’s target of ‘Make in India’ polic…
Mixed reactions to RBI’s repo rate cut by 25 basis points to 6.5%
The Reserve Bank of India on April 5 cut the repo rate by a further 25 bps and also took measures to ease the liquidity constraints in the banking system. It seems to be giving hopes for the industry and consumers that interest rates in the economy will fall faster than earlier. Actions taken by …
Rs 22,595 crore so far initiated from Tamil Nadu’s global investors’ meet
Tamil Nadu government has said that 45 projects worth around Rs 22,595 crore has so far been initiated from the investment memoranda the government has entered with the companies in the Global Investors’ Meet, 2015. The government has taken all steps to support the companies, which signed m…
Re-imagining SME Fund Raising – The Exchange route!
One of the principal challenges of small & medium enterprises whether in India or anywhere else in the world has perennially been finance. Apart from friends and family, typically MSMEs rely heavily of private money lenders and the unorganised financial markets for their finance needs. Needle…
‘BIRD’ spreads wings; reaches new heights
Mangaluru-based Bankers’ Institute of Rural Development (BIRD) has achieved new heights in 2015-16 by conducting 113 training programmes for rural financial institutions, government and non-government organisations on varied subjects of importance to rural financing at ground level, like appraisa…
Govt to go ahead with digitisation in Phase-III and IV markets
Even as the implementation of Digital Addressable System (DAS) has been stayed in several states, government today said it will stick to its plan of rolling out digitisation in Phase-III and IV markets. “We are totally committed to digitisation. When we stopped to give the third extension a…
Government launches intellectual property information portal
The government launched a portal which will act as a single window interface for information on intellectual property and provide guidance on leveraging it for competitive advantage. The portal seeks to increase awareness and build sensitivity towards IP, among stakeholders in the SME sector, aca…
FICCI hails efforts to revive MSMEs
The FICCI-Confederation of MSME has hailed the new Framework by Reserve Bank of India (RBI) for revival and rehabilitation of MSMEs. “FICCI-Confederation of MSME welcomes the announcement/notification by RBI as the formation of Special Mention Account and mandatory formation of a committee at eac…