Empowering MSMEs with News & Insights

Economy

SIDBI seeks new MD, to focus on SMEs

SIDBI seeks new MD, to focus on…

Lucknow, Dec 6 (KNN)  The Small Industries Development Bank of India (SIDBI) which has concentrated its financing on small and medium…
RBI grants Rs 5000 cr refinance to help cash starved MSMEs

RBI grants Rs 5000 cr refinance to…

Mumbai, Dec 5 (KNN) Reserve Bank's special Rs 5,000- crore refinance grant will cumulatively help in the flow of up to Rs 20,000 crore to the cash-starved…
RBI directs banks to issue TDS certificate on time to customers

RBI directs banks to issue TDS certificate…

Mumbai, Dec 5 (KNN) In order to enable customers to file income tax returns timely, the Reserve Bank of India has asked urban co-operative banks (UCBs)…
Final chance to declare pending service tax dues

Final chance to declare pending service tax…

Hyderabad, Dec 5 (KNN) Union Finance Minister P Chidambaram has urged tax payers to declare their pending service tax dues by the end of this year and pay…
NPAs driven by big corporates; small firms have better record: RBI's Chakrabarty

NPAs driven by big corporates; small firms…

Mumbai, Dec 3 (KNN) RBI Deputy Governor K C Chakrabarty, respected for his plain-speak, is a strong votary of the micro and small enterprises (MSEs) and wants…
RBI issues guidelines on stress testing for banks

RBI issues guidelines on stress testing for…

Mumbai, Dec 3 (KNN) The Reserve Bank of India (RBI) has issued updated guidelines for stress-testing of banks which will be effective from April…
Retail inflation for industrial workers above 11%, SMEs to feel wage pressure

Retail inflation for industrial workers above 11%,…

New Delhi, Nov 30 (KNN)  The retail inflation for industrial workers has gone up further with food annual inflation exceeding  15 per cent in October…
Economy looks up just; stress in key sectors

Economy looks up just; stress in key…

New Delhi, Nov 29 (KNN) India’s economy grew by 4.8 per cent during the second quarter, July-September, 2013-14 with agriculture saving the day, while…
Banks can give credit interest at shorter intervals

Banks can give credit interest at shorter…

Mumbai, Nov 29 (KNN) Your bank can now calculate interest on your savings on term deposits at intervals shorter than quarterly intervals, as was the practice…
Stock limit on rice, paddy traders to continue till Nov 2014

Stock limit on rice, paddy traders to…

New Delhi, Nov 29 (KNN) Traders dealing in rice and paddy will continue to be subjected to the stock limits and licensing requirements with an objective of…

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