India lost around 38.5 thousand hectares of tropical forest in the last decade. Nearly 14 per cent of the country's tree cover! It is one thing for Modi to announce that India will reach a net-zero level of emissions in 2070. But if it is serious, it needs to start today, points out Ramesh Menon.
SBI chief Rajnish Kumar said the focus going forward will be on cost reduction, rationalisation and reskilling of workforce, improving staff productivity and redeployment of workforce from admin offices to sales roles.
Meet Bhairav Kothari whose company Super CFO takes care of the financial needs of start-ups and SMEs
The government will unveil a second stimulus package to give the economy traction through measures aimed at aiding specific sectors, including auto, realty and small and medium enterprises.
Under the scheme, small and medium enterprises (SMEs) and technology start-ups can apply for reimbursement, up to a limit of Rs 15 lakh, for the costs incurred in filing international patent applications. This scheme applies for their indigenous inventions in the electronics and information, communication and technology (ICT) domain.
The Congress president alleged that the surgical strike was made public as the BJP was fighting elections in Uttar Pradesh.
The Reserve Bank of India on Thursday asked banks to review their loan policy towards micro, small and medium enterprises (MSMEs), badly hit by the economic slowdown.
A number of micro and small enterprises in the country have expressed fear that there would be large-scale job losses in the sector if the global recessionary trend continues, the Rajya Sabha was informed on Friday.
The popularity of the 'parallel banking service' continues to rise.
"The centre will serve as a platform for German firms, particularly SMEs, to understand the Indian business environment and initiate projects with their counterparts in the country," Minister-President of German Federal State of Schleswig-Holstein Peter Harry Carstensen said on Wednesday.
While there have been significant achievements in almost all disciplines, it must be appreciated that there is a definite capacity constraint in the Defence Research and Development Organisation. It is impossible for one DRDO to cater to the entire spectrum of products and services required by our three armed services.
The World Bank on Sunday said the coronavirus outbreak has severely disrupted the Indian economy, magnifying the pre-existing risks to its outlook. In its 'South Asia Economic Update: Impact of Covid-19', the World Bank estimated the Indian economy to decelerate to 5 per cent in 2020 and projected a sharp growth deceleration in fiscal 2021 to 2.8 per cent in a baseline scenario.
Even with the Rs 20,000 crore distributed among states, it will still be a fraction of what they have been demanding in financial support and clearance of pending dues.
While inflation has stayed in the negative territory for past several weeks, analysts are wondering whether the interest rates have bottomed out with signs of economic recovery.
Earners in between Rs 50 lakh and Rs one crore will have to pay 10% surcharge
Earners in between Rs 50 lakh and Rs one crore will have to pay 10% surcharge
This is in addition to the $3 billion (around Rs 15,000 crore) infrastructure fund being set up in association with the Macquarie group and International Finance Corporation. Though SBI would be a late entrant to the private equity space, Bhatt was confident that it would not be a deterrent.
The Soros Economic Development Fund, Omidyar Network, and Google.org on Wednesday said they are working together to create a new $17 million small to medium enterprise investment company for India in Hyderabad to create job opportunities.
The company is also mulling to enter the currency futures space through the exchange. Recently, the Securities and Exchange Board of India had issued guidelines for SME exchange, and had set a minimum net worth criteria of Rs 100 crore (Rs 1 billion) for entity willing to start it.
In spite of the criticism that Bennett, Coleman's Private Treaties division, which swaps advertising space in its newspapers for minor equity in small and medium enterprises, attracts, these print media companies are gearing up to launch their versions of the department.
Race for Asia's No. 1 MFI spot: Bandhan now closes in on Grameen Bank
Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.
Multiple triggers such as asset sales, pickup in energy cash flows, increased traction in omni-channel retail, and rise in ARPUs could further drive the stock.
In an effort to boost credit flow to the housing sector, public sector banks are going to finalise the new interest rate regime for home loans up to Rs 20 lakh (Rs 2 million) on Thursday.
With the Rs 7,000-crore (Rs 70 billion) refinance window, micro, small and medium enterprises (MSMEs) will not face any fund crunch, says Sidbi Chairman and Manging Director R M Malla.
Two ex-IIT Kharagpur students have decided to come out of their comfortable professional zones to create a venture called 'Demazi', which would enable SMEs to create their own IT solution online at a minimal cost. SMEs owners can log on to the website and key in the requirments they need from the software.
In order to make it hassle-free, various start-up support groups such as TiE (The Indus Entrepreneur) and India Angel Network (IAN) are partnering with the digital NBFCs to extend debt finance to their member companies.
With little clarity on the list of companies that have mark-to-market losses on derivatives transactions, banks are now asking their corporate banking departments to scan the books of borrowers and also seek details of their foreign exchange exposure. Within this pie, banks are segregating companies with turnover of Rs 30-40 crore (Rs 300-400 million) to Rs 100 crore (Rs 1 billion) and those which are above this threshold.
A look at six indicators shows all of them have collapsed from positive growth in April to contraction in September.
First-generation entrepreneurs of micro and small enterprises are facing the problem of inadequate credit flow. H P Kumar, chairman and managing director, National Small Industries Corporation, tells Business Standard about the recent initiatives taken by the corporation to tackle it.
If retrenched workers are unable to reskill within a fixed period of time, they will have to return the money given to them by the government. Moreover, they may be asked to pay back an interest on the sum transferred.
The government and the Reserve Bank are discussing the matter on a constant basis and is likely to come out with a decision in the near future, secretary to the ministry of micro, small and medium enterprises, Dinesh Rai told reporters. Presently, banks are required to keep atleast 40 per cent of their total loan disbursal to the priority sector which includes the micro-institutions in the country.
India should opt for full convertibility of the Rupee, Lord Meghnad Desai, Member of the House of Lords said.
'An armed helicopter equipped with counter-drone systems will provide the airborne counter-drone capability and flexibility needed to protect India's critical assets.'
Banks are facing increasing delinquencies by overleveraged mid-sized companies, now caught in hardships due to changes in their operating environment.
A seasoned banker with over 30 years of experience, Bakhshi is a mechanical engineer from Punjab Engineering College, Chandigarh. He has a post-graduate degree in management from Xavier Labour Relations Institute.
Global IT firms are taking a cue from consumer firms, which revolutionised marketing tactics in the FMCG segment with the shampoo-in-a-sachet concept by appealing to semi-urban as well as rural consumers.
Former RBI governor R Gandhi said that the RBI needs to re-introduce a one-time restructuring package and mere moratoriums will not suffice in unprecedented times like the COVID-19 pandemic.
Happy days are here again for home buyers as the bank freezes the rate for a year.
IT vendors make hay on robust demand for managed security software applications.
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