MSMEs in India have immense market potential : Jt Sec of MSMEs Ministry

International verticals have been redefined and there are many new markets having immense  potential for Indian Micro, Small and Medium Enterprises (MSMEs), according to Ms Alka Arora, Joint Secretary, Ministry... Read more »

The problems of MSME sector should be solved soon for it to perform to the optimum

With a sustained growth rate of over 10 percent in the past few years, the MSME sector has come to represent the ability of the Indian entrepreneur to innovate... Read more »

SIDBI net up 28% to Rs 519.36 crore in FY19 fourth quarter

Small Industries Development Bank of India (SIDBI) on Thursday reported a 28.22 per cent increase in net profit at Rs 519.36 crore for the March quarter as against Rs... Read more »

NSIC may see a drop in net profit, plans to offer new services for MSME’s

State-owned National Small Industries Corp’s (NSIC) net profit for 2018-19 may see a drop because of stiff competition from private players, an official said Tuesday. The company is also... Read more »

MSMEs has 14% more job growth than in the last years, claims CII survey

Job creation by the micro, small and medium enterprises (MSMEs) sector saw a growth of 13.9 percent in the past four years, an industry survey claims. The findings oppose... Read more »

ICICI Bank rolls out upgraded ‘Trade Online’ platform

ICICI Bank has announced that it has revamped its ‘Trade Online’ platform, for export/import transactions by introducing an array of new digital services on it, majority of which are... Read more »

BCG’s Annual FIBAC Productivity Report reveals MSME Lending is leading growth in banking space at 22%

The Boston Consulting Group (BCG), one of the world’s leading management consulting firms, unveiled the Annual FIBAC Productivity Report on Indian Banking Industry – 2018. The theme of the report... Read more »

GST rationalisation to strengthen demand for consumer discretionary

Acuite believes that the reduction of GST on over 50 items, largely consumer durables will boost consumption in the economy and is likely to have a positive impact on... Read more »

Cabinet approves Rs 2,000 cr infusion in Export Credit Guarantee Corp

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved capital infusion of Rs 2,000 crore in public sector company Export Credit Guarantee Corporation (ECGC), an official statement said.... Read more »