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KASSIA urges RBI to ensure commercial banks do not raise MSME lending rates with hike in repo rate

KASSIA urges RBI to ensure commercial banks…

New Delhi, Aug 2 (KNN) Concerned about the MSME lending rates with the hike in repo rate by Reserve Bank of India (RBI), Karnataka Small Scale Industries…

Bill for speedy disposal of commercial disputes passed in LS; Bill allows state govts to establish commercial courts at district level

Bill for speedy disposal of commercial disputes…

New Delhi, Aug 2 (KNN) A Bill to speedily resolve commercial disputes worth Rs 3 lakh or more was passed by the Lok Sabha.

The Bill seeks to reduce…

Allahabad Bank opens 35 MSME hubs in India to serve MSME sector in better and focused manner

Allahabad Bank opens 35 MSME hubs in…

New Delhi, Aug 2 (KNN) Allahabad Bank has opened as many as 35 Micro Small and Medium Enterprises (MSME) hubs at different locations across India.

With…

UIDAI to start new service to help update address on Aadhaar from April 1

UIDAI to start new service to help…

New Delhi, Aug 2 (KNN) The Unique Identification Authority of India (UIDAI) has proposed to start new service to help Aadhaar holders who do not have valid…

Lendingkart finance raises Rs 3 billion through non convertible debentures

Lendingkart finance raises Rs 3 billion through…

New Delhi, Aug 2 (KNN) Expanding its loan book, Lendingkart Finance has raised Rs 3 billion through non-convertible debentures, its biggest NCD funding…

CBIC withdraws circular clarifying 5% GST on catering services by Educational Mess and Railways

CBIC withdraws circular clarifying 5% GST on…

New Delhi, Aug 2 (KNN) The circular levying 5 per cent Goods and Services Tax (GST) on the catering services provided by the Mess or canteen in educational…

2 Rohini based businessmen arrested for issuing fake Input Tax Credit (ITC) invoices without actual supply of goods

2 Rohini based businessmen arrested for issuing…

New Delhi, Aug 2 (KNN) Two Rohini, Delhi-based business men were arrested by Central GST Delhi West Commissionerate in a case of fraudulent issuance of…

Solar Charkha Mission to generate direct employment for nearly one lakh people: Giriraj Singh

Solar Charkha Mission to generate direct employment…

New Delhi, Aug 2 (KNN) The Solar Charkha Mission of Ministry of Micro, Small and Medium Enterprises (MSME) will generate direct employment for nearly one…

Uttarakhand CM lays thrust on skill development and training for youth

Uttarakhand CM lays thrust on skill development…

New Delhi, Aug 2 (KNN) Laying special thrust on the mountainous districts of the Uttarakhand, Chief Minister Trivendra Singh Rawat said that work has to…

Entries invited under Integrate to Innovate programme for start-ups

Entries invited under Integrate to Innovate programme…

New Delhi, Aug 2 (KNN) Invest India has joined hands with energy sector companies to offer a unique lab-to-market opportunity for Indian startups through…

TEXPROCIL demands accumulated input tax credit on fabrics

TEXPROCIL demands accumulated input tax credit on…

New Delhi, Aug 2 (KNN) The Textile Promotion Council (TEXPROCIL) has urged the government to allow the accumulated “Input Tax Credit” on fabrics…

No FDI application has been granted waiver from local sourcing norms: MoS Commerce

No FDI application has been granted waiver…

New Delhi, Aug 1 (KNN) No FDI application has been granted waiver from local sourcing norms on the basis of state-of-art or cutting-edge technology till…

Accenture invites entries from Indian students for its Innovation Challenge

Accenture invites entries from Indian students for…

Bengaluru, Aug 1 (KNN) IT service major Accenture is conducting an Accenture Innovation Challenge for which it can invited applications from Indian students.

Under Mudra Yojana 3.49 crore new entrepreneurs benefited, 12.27 cr no of a/cs, loans

Under Mudra Yojana 3.49 crore new entrepreneurs…

New Delhi, Aug 1 (KNN) Under Pradhan Mantri Mudra Yojana (PMMY) as many as 3.49 crore new enterprises had benefited between 2015-20 to 2017-18 and as many…

RBI hikes repo rate by 26 bps to 6.50%

RBI hikes repo rate by 26 bps…

Mumbai, Aug 1 (KNN) The Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC), headed by governor Urjit Patel, today hiked the policy…

Exporters can apply in online module for SEIS after September 1: DGFT

Exporters can apply in online module for…

New Delhi, Aug 1 (KNN) The Directorate General of Foreign Trade (DGFT) has said that E-comm module for applying for Service Export from India Scheme (SEIS)…

Happy Loans to disburse 7 lakh MSME loans by end of 2020

Happy Loans to disburse 7 lakh MSME…

New Delhi, Aug 1 (KNN) Happy Loans, an innovation-driven working capital fulfilment platform for Indian MSMEs, has projected disbursing more than 7 lakh…

India’s Mfg PMI drops to 52.3 in July from a six-month high of 53.1 in June

India’s Mfg PMI drops to 52.3 in…

New Delhi, Aug 1 (KNN) The Nikkei India Manufacturing PMI dropped to 52.3 in July of 2018 from a six-month high of 53.1 in the preceding month.

However,…

RBI cautions public against Rice Pulling scam

RBI cautions public against Rice Pulling scam

Mumbai, Aug 1 (KNN) The Reserve Bank of India (RBI) has cautioned general public not to fall prey over marketing a device termed “Rice Puller”…

Canara Bank disburses Rs 403 cr loans to MSMEs under MUDRA, other schemes in Chennai

Canara Bank disburses Rs 403 cr loans…

Chennai, Aug 1 (KNN) Public sector lender Canara Bank has distributed MSME loans to the tune of  Rs 403 crore under Mudra, Stand -up India and also…