News for 'State for Micro'

Why Election 2024 Is So Subdued...

Why Election 2024 Is So Subdued...

Rediff.com22 Apr 2024

'It's dull because this time the election is spread over such a long period.'

BJP May Replace Half Its Lok Sabha MPs

BJP May Replace Half Its Lok Sabha MPs

Rediff.com4 Jan 2024

Amit Shah wants to increase the party's nationwide vote share by at least 10 per cent from the 37.7 per cent it secured five years ago and ensure above 50 per cent vote share in the states where it came close to that benchmark, but couldn't cross it.

Import restrictions on laptops, tablets imposed

Import restrictions on laptops, tablets imposed

Rediff.com3 Aug 2023

The government on Thursday imposed import restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers, and servers with immediate effect. The Directorate General of Foreign Trade (DGFT) in a notification said exemption from import licensing is provided up to 20 items per consignment for R&D, testing, benchmarking and evaluation, repair and return and product development purposes.

'Congress ke paas paisa kahan hai?'

'Congress ke paas paisa kahan hai?'

Rediff.com7 Mar 2024

'Everyone knows there is no point in contesting elections from Gujarat as a Congress candidate because they know they will be wiped out.'

How much will Congress's election guarantees cost?

How much will Congress's election guarantees cost?

Rediff.com19 Mar 2024

'Right to apprenticeship means that anyone below the age of 25 years with a diploma or other qualifications can demand an apprenticeship with a private, a public sector company or a government organisation. And when he/she demands this, it is the obligation of the government to provide it.'

Arunachal govt building mini power projects along China border

Arunachal govt building mini power projects along China border

Rediff.com13 Apr 2023

The Arunachal Pradesh government has launched an ambitious plan to build 50 mini hydropower projects along the border with China for electrification of remote villages that are facing challenges of poor connectivity and mountainous terrain.

Quality Control Orders: What does this mean for domestic industry?

Quality Control Orders: What does this mean for domestic industry?

Rediff.com25 Apr 2024

From toys, footwear and furniture to insulated flasks, smart meters, and air coolers - the Central government over the last decade has mandated higher standards for production and imports of such items. Sample this: Till 2014, there were 14 Quality Control Orders (QCOs) covering 106 products. By the latest count, there are 156 QCOs on 672 products.

Trump returns to X after 2 yrs, shares post-arrest mug shot

Trump returns to X after 2 yrs, shares post-arrest mug shot

Rediff.com25 Aug 2023

'ELECTION INTERFERENCE! NEVER SURRENDER!' Trump wrote while sharing the mug shot photo on X.

Easing curbs should be carefully calibrated: Centre to states

Easing curbs should be carefully calibrated: Centre to states

Rediff.com19 Jun 2021

Union Home Secretary Ajay Bhalla said that vaccination against COVID-19, in the present scenario, is critical to break the chain of transmission.

Rs 2,000 crore loans to Go First are now NPA: Central Bank of India

Rs 2,000 crore loans to Go First are now NPA: Central Bank of India

Rediff.com23 Oct 2023

Central Bank of India classified its loans to Go First as non-performing assets (NPAs) in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). The no-frills carrier has been under insolvency proceedings since May 2023 and ceased operating flights on May 3 this year. The public sector lender's exposure, including government-guaranteed emergency credit to the ailing airline, amounts to about Rs 2,000 crore.

Centre counsels 5 states showing surge in COVID-19 cases

Centre counsels 5 states showing surge in COVID-19 cases

Rediff.com26 May 2020

Union Health Secretary Preeti Sudan held a high-level review meeting through video conference with the chief secretaries, health secretaries and National Health Mission (NHM) directors of these states, the health ministry said. 'These states are witnessing a surge in COVID-19 cases since the last three weeks as lockdown rules have been eased and inter-state migration has been allowed,' the ministry said in a statement.

'Congress doesn't have hunger...'

'Congress doesn't have hunger...'

Rediff.com8 Dec 2023

'...for success like the BJP.' 'The BJP's work for the next election begins the day one election ends.'

Interim Budget 2024-25: Funds to boost reach on fintech industry wishlist

Interim Budget 2024-25: Funds to boost reach on fintech industry wishlist

Rediff.com8 Jan 2024

Indian fintechs and associated entities are hoping that the Union Budget 2024 will provide a boost and empower firms to extend their reach beyond Tier-II regions, with an emphasis on supporting enterprises led by women. The fintech industry, which has witnessed regulatory reforms over the last year, expects the Budget, scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1, will further encourage financial inclusion, empower micro-small-medium enterprises (MSMEs) with lending solutions, and push for upskilling initiatives for the country's young workforce.

Opposition INDIA likely to unveil front's logo during Mumbai meeting

Opposition INDIA likely to unveil front's logo during Mumbai meeting

Rediff.com20 Aug 2023

Approximately 80 leaders from more than 26 political parties are expected to attend the third meeting of the INDIA alliance in the country's financial capital, they said.

2 major problems faced by the MSME sector

2 major problems faced by the MSME sector

Rediff.com21 Dec 2022

The decline in demand and rise in raw material prices due to high transportation costs are the major problems faced by micro, small and medium enterprises in the last 27 months, according to a survey. The report by Bhartiya Yuva Shakti Trust (BYST) also said that though markets have stabilised, about 57 per cent of the units that participated in the survey are struggling to get new orders for their merchandise. "Lesser purchasing power of consumers lead to reduced demand and increased raw material cost due to higher transportation cost with increase in fuel prices have been cited among key problems faced by entrepreneurs during the last 27 months," Lakshmi Venkataraman Venkatesan, founding and managing trustee, BYST, said.

NHRC notices to Centre, 4 states over farmers' protest

NHRC notices to Centre, 4 states over farmers' protest

Rediff.com14 Sep 2021

The NHRC said that it has received several complaints regarding the ongoing farmers' protest.

Billion-dollar shake-up: Global tech firms shed over $600 bn m-cap in Q3

Billion-dollar shake-up: Global tech firms shed over $600 bn m-cap in Q3

Rediff.com25 Oct 2023

The top 25 global technology (tech) firms, including Apple, Microsoft, Amazon, Tencent, Samsung, Oracle, and Accenture, collectively lost over $600 billion in market capitalisation (m-cap) during the July-September quarter (third quarter, or Q3) of calendar year 2023 (CY23), reveals a recent report by GlobalData, a London-based analytics and consulting company.

Gold: Little sparkle for financiers despite tailwinds

Gold: Little sparkle for financiers despite tailwinds

Rediff.com6 Apr 2023

Gold prices hit record high in the third week of March as fears of bank collapses and high inflation led investors to the traditional safe haven. Gold prices are often inversely correlated to dollar strength because the international price is dollar-denominated. The Federal Reserve's (Fed's) stance indicates that the dollar may appreciate further since it is prepared to keep pushing up policy rates. But demand for gold is also up - the World Gold Council claims central banks are buying in addition to private demand.

FM announces revamped credit guarantee scheme for MSMEs

FM announces revamped credit guarantee scheme for MSMEs

Rediff.com1 Feb 2023

In her Budget 2023-24 presentation, she also said the Centre will launch the 'Dekho Apna Desh' initiative to promote domestic tourism.

Codes give more power to states to be flexible on labour laws

Codes give more power to states to be flexible on labour laws

Rediff.com3 Oct 2020

The move will help industries in pushing authorities for exemption under various labour laws at a micro-level, along with demanding changes to bring greater flexibility in their operations related to retrenchment, safety standards, and collective bargaining.

Rajasthan all set for battle royale today

Rajasthan all set for battle royale today

Rediff.com25 Nov 2023

Rajasthan is all set to vote on Saturday to elect members of a new assembly with the Bharatiya Janata Party aiming to unseat the ruling Congress, which is fighting hard to change the trend of alternate governments in the state.

HC judge recuses from pleas on suspension of social media accounts

HC judge recuses from pleas on suspension of social media accounts

Rediff.com1 Aug 2023

Justice Subramonium Prasad said petitioner lawyer Sanjay Hegde is a "good friend" of his and that the pleas be listed before some other bench.

Digital Loan Apps: Boon Or Bane?

Digital Loan Apps: Boon Or Bane?

Rediff.com18 Jan 2024

For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.

Bain to buy 90% stake in Adani Capital and Adani Housing for Rs 1,600 cr

Bain to buy 90% stake in Adani Capital and Adani Housing for Rs 1,600 cr

Rediff.com24 Jul 2023

The Adani group has exited the financial services business by selling its entire 90 per cent stake in Adani Capital and Adani Housing to private equity (PE) firm Bain Capital for Rs 1,440 crore. The total valuation of the Adani financial services business stands at Rs 1,600 crore. Gaurav Gupta, managing director (MD) and chief executive officer (CEO) of the Adani firms will hold the rest of the stake.

Manmohan vs Modi Debate: India Is The Loser

Manmohan vs Modi Debate: India Is The Loser

Rediff.com19 Feb 2024

False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.

Boost to BJP in UP, OBC leader Rajbhar returns to NDA

Boost to BJP in UP, OBC leader Rajbhar returns to NDA

Rediff.com16 Jul 2023

Shah on Sunday tweeted a picture of their meeting and welcomed the Suheldev Bharatiya Samaj Party leader to the NDA.

'BJP should be pleased because it has done well'

'BJP should be pleased because it has done well'

Rediff.com7 Mar 2023

'...despite not being ideologically aligned with a vast section of the people of the north east.' 'But the results in Tripura, Nagaland and Meghalaya show that no party, including the BJP, can say that it has really done well.'

Urge states to use lockdown as last resort, PM Modi tells nation

Urge states to use lockdown as last resort, PM Modi tells nation

Rediff.com20 Apr 2021

The two key messages of Modi's over 20 minute-long address was, however, to virtually rule out any immediate nationwide lockdown, a move that had triggered a massive migration of workers from big cities last year and hit the economy hard, and to reach out to migrants.

RBI rule on unsecured loans to hit lenders' capital, loan growth: Analysts

RBI rule on unsecured loans to hit lenders' capital, loan growth: Analysts

Rediff.com27 Nov 2023

The Reserve Bank of India's (RBI's) latest order on unsecured loans is set to hit the banking sector's growth in the near-term, cautioned analysts, as they see banks slowing down on aggressive retail lending. Besides, cost of funds for non-banking finance companies (NBFC) is expected to inch up as banks will pass on higher capital charge to NBFCs. "We believe the fallout of the RBI action will be mainly on growth, given the rising dependence on unsecured retail loans and lending to NBFCs for growth.

What is Schedule M and why it's mandatory for all pharma units

What is Schedule M and why it's mandatory for all pharma units

Rediff.com12 Jul 2023

With an eye on improving quality assurance in the wake of increased global scrutiny on Indian pharma products, the Centre on Tuesday said that Schedule M of the Drugs and Cosmetics Act, 1940 will be made compulsory for small and medium scale manufacturers in a phased manner. Union Health Minister Mansukh Mandaviya has asked micro-small and medium enterprises in pharma manufacturing to move towards good manufacturing practices (GMP) through self regulation. "This will help in quality assurance and also reduce compliance burden," Mandaviya.

Dalit activist dies during debate over anti-caste bill in California

Dalit activist dies during debate over anti-caste bill in California

Rediff.com24 Jul 2023

Milind Makwana, according to his close friends and family, spoke at the City Council meeting on July 18 against SB403, the anti-caste discrimination bill in California State Assembly.

Realty stocks soar on Sebi proposal to formalise fractional ownership

Realty stocks soar on Sebi proposal to formalise fractional ownership

Rediff.com23 May 2023

The BSE Realty index on Monday soared 4.3 per cent-most among the 19-sectoral sub-indices-buoyed by the proposal to formalise fractional ownership of real estate in the country. The Securities and Exchange Board of India (Sebi) on Friday issued a discussion paper proposing to regulate online platforms offering fractional ownership in real estate, a model already popular in countries such as the United States and UAE.

'Crypto is serious threat to financial stability'

'Crypto is serious threat to financial stability'

Rediff.com11 Mar 2024

'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'

Home ministry wants states to ensure movement of all trucks

Home ministry wants states to ensure movement of all trucks

Rediff.com13 Apr 2020

Addressing a press conference on measures taken during 21-days lockdown imposed from March 25 to contain the spread of Covid-19, MHA joint secretary Punya Salila Srivastva said the situation of essential goods and services is under control. To strengthen this situation, the home ministry has written to state governments that both inter-state and intra-state movement of trucks and goods carriers should be allowed during the 21-day countrywide lockdown announced by the central government irrespective of the cargo being essential or non-essential.

Have Zomato, Swiggy finally figured out the right recipe?

Have Zomato, Swiggy finally figured out the right recipe?

Rediff.com22 Dec 2023

Something is cooking in online food delivery. After 15 years of grappling with the demands of the business - read cash burn - Gurugram-based Zomato reported its first profit in the first quarter of 2023-24 (FY24). Not satiated, it reported a profit in the following quarter as well: Of Rs 36 crore in the second quarter compared to Rs 2 crore in the first. A year ago, in the second quarter of FY23, it had reported a loss of Rs 251 crore.

In a first, Sebi mulls rules for fractional ownership in real estate

In a first, Sebi mulls rules for fractional ownership in real estate

Rediff.com22 May 2023

The Securities and Exchange Board of India (Sebi) has for the first time proposed to regulate online platforms offering fractional ownership in real estate, a model already popular in countries like the United States and UAE. In a consultation paper floated recently, the capital markets regulator stated that such fractional ownership of real estate assets was proposed to be brought as MSM (micro, small, medium) REITs under Sebi (Real Estate Investment Trusts) Regulations. This model allows investors to own a fraction or a small share in a real estate asset like buildings and office spaces, which could include warehouses, shopping centres, conference centres.

PM asks states with rising COVID cases to take steps to prevent 3rd wave

PM asks states with rising COVID cases to take steps to prevent 3rd wave

Rediff.com16 Jul 2021

In a video interaction with chief ministers of Tamil Nadu, Andhra Pradesh, Karnataka, Odisha, Maharashtra and Kerala, where many districts have been reporting a high number of cases, Modi said the country stands at a point in its battle with the pandemic where apprehensions about a third wave are being continuously expressed.

ED summons Abhishek Banerjee again on October 3, day of TMC rally

ED summons Abhishek Banerjee again on October 3, day of TMC rally

Rediff.com28 Sep 2023

The TMC general secretary, considered number two in the party, shared the letter sent to him by the central agency on X, formerly Twitter.

COVID-19 surge: Centre asks 12 states to increase testing

COVID-19 surge: Centre asks 12 states to increase testing

Rediff.com27 Mar 2021

The Centre on Saturday strongly advised 12 states and Union Territories reporting a surge in coronavirus cases to significantly increase testing and ensure people follow COVID-appropriate behaviour, noting that one infected person could spread infection to an average of 406 individuals in a 30-day window without restrictions.

Is The Congress Doomed?

Is The Congress Doomed?

Rediff.com7 Dec 2023

The Congress needs to reorganise itself at the grassroots, infuse younger blood, and have more boots on the ground. Just offering freebies is not the answer anymore. Leadership matters, asserts Ramesh Menon.