Empowering MSMEs with News & Insights

Economy

RBI asks banks to seek only basic info under KYC norms

RBI asks banks to seek only basic…

New Delhi, Sept 17 (KNN) The Reserve Bank of India has asked banks to seek only basic information under the 'Know Your Customer' norms and not insist…
Inflation goes up; high interest rates to damage the SMEs

Inflation goes up; high interest rates to…

New Delhi, Sept 16 (KNN) Inflation based on Wholesale Price Index (WPI) went up to 6.10 per cent in August from 5.79 per cent in July again making it almost…
Anti-dumping probe on insulators imported from China

Anti-dumping probe on insulators imported from China

New Delhi, Sep 14 (KNN) Ministry of Commerce  has started an anti-dumping investigation on imports of electrical insulators from China which are used…
To alleviate MSME pains, Damodaran panel prescribes coordinating Body; new Insolvency law

To alleviate MSME pains, Damodaran panel prescribes…

New Delhi, Sept 12 (KNN) To improve the business environment in India, Damodaran Committee has strongly advocated setting up of an 'overarching body' at the national…
RBI asks banks to appoint business correspondents to distribute banknotes, coins

RBI asks banks to appoint business correspondents…

Mumbai, Sept 12 (KNN) Creating more job opportunities in the country, the RBI has asked banks to explore the possibility of using the services of business…
Japanese moot electronic township in India

Japanese moot electronic township in India

New Delhi, Sept 11 (KNN)  A proposal has been made in the government for setting up an electronics manufacturing township, equipped with world class infrastructure,…
Credit growth goes negative for medium scale enterprises

Credit growth goes negative for medium scale…

Mumbai, Sep 11 (KNN) The growth in deployment of gross bank credit to the medium scale enterprises registered a negative growth in 2013 while for micro and…
Railways to develop 75 multi-functional complexes this fiscal

Railways to develop 75 multi-functional complexes this…

New Delhi, Sept 11 (KNN)  The Rail Land Development Authority (RLDA) has made an action plan to hasten the setting up of 75 multi-functional complexes…
Exports up, trade gap down; good news for MSMEs too

Exports up, trade gap down; good news…

New Delhi, Sep 10 (KNN)  India's merchandise exports which have large contribution from micro, small and medium enterprises (MSME) went up by a healthy…
Small entrepreneurs fear reluctance amongst guarantors as banks begin to shame them

Small entrepreneurs fear reluctance amongst guarantors as…

New Delhi, Sept 10 (KNN)  Small businesses will find it even more difficult to get credit from banks because lenders have started to name and shame…