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Economy

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…
Indian residents travelling abroad are allowed to carry Rs 10,000

Indian residents travelling abroad are allowed to…

Mumbai, Sept 7 (KNN)  To allow more flexible to resident Indians travelling abroad, the Reserve Bank of India has permitted them to carry currency notes…
IDBI Bank promotes priority sector lending, retail banking and trade finance

IDBI Bank promotes priority sector lending, retail…

Mumbai, Sept 5 (KNN)  The IDBI bank has constantly endeavoured  to cater to the diverse needs of its MSME clients and has developed innovative and…
For Rajan, SMEs are additional tools to generate growth

For Rajan, SMEs are additional tools to…

From Prakash Chawla
Mumbai, Sept 6 (KNN)  When the going is tough for the large corporates, small and medium enterprises are seen…
Raghuram Rajan takes charge from Subbarao as new RBI Governor

Raghuram Rajan takes charge from Subbarao as…

Mumbai, Sept 4 (KNN) Raghuram Rajan, a former chief economist with the International Monetary Fund (IMF) and economic advisor to the finance ministry, takes…
Dent on rupee and impact on SMEs; PM to raise issue with rich nations

Dent on rupee and impact on SMEs;…

New Delhi, Sept 4 (KNN)  As the outflows of funds by global investors is playing havoc with the Indian rupee damaging interests of the industry, particularly…
Govt pins hope on SMEs to achieve 5% growth in the GDP

Govt pins hope on SMEs to achieve…

New Delhi, Sept 3 (KNN) In the wake of the corporate sector facing a severe slowdown, the government is pinning hopes on the small and medium enterprises to…

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