Covid-19 Essentials Expo India
Bikky Khosla | 14 Jul, 2020 |
| India is still struggling against the COVID-19 pandemic. The story is hardly different in other parts of the world as well. Economies across the globe are still in lockdown mode, with travel restrictions and flight bans abound everywhere. |
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Pain points for MSMEs
Bikky Khosla | 07 Jul, 2020 |
| In a tweet, the Finance Ministry last week informed that the total loan amount sanctioned under the 100 percent Emergency Credit Line Guarantee Scheme has reached Rs 1,10,343.77 crore as of July 1. |
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Exports challenges
Bikky Khosla | 30 Jun, 2020 |
| India's exports sector has continued its sharp fall with the COVID-19 crisis refusing to cease. Our overseas shipments plunged 34 percent in March, 60 percent in April, and 36 percent in May on a year-on-year basis. |
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Rate cut transmission
Bikky Khosla | 23 Jun, 2020 |
| Amid the ongoing COVID-19 crisis, the Reserve Bank of India (RBI), in an out-of-turn Monetary Policy Committee (MPC) meeting last month, reduced the key interest rate or the repo rate by 40 bps. In another relief to commercial borrowers, the central bank extended the loan repayment moratorium for another three months till August 31. |
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Loan disbursal under ECLGS
Bikky Khosla | 14 Jun, 2020 |
| Public sector banks have sanctioned loans worth Rs 29,490.81 crore under the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) as of 11 June, 2020. Of this, an amount of Rs 14,690.84 crore has already been disbursed. |
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MSMEs redefined
Bikky Khosla | 08 Jun, 2020 |
| In a notification issued last week, the Micro, Small and Medium Enterprises (MSMEs) ministry revealed that the new definition of MSMEs will come into effect from July 1, 2020. So, the long wait is over now. |
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GDP data: Economy needs more support
Bikky Khosla | 02 Jun, 2020 |
| India's GDP growth rate fell to 3.1 percent in the last quarter of FY 2019-20 against 5.7 percent rise reported for the like period of the previous fiscal, resulting in 4.2 percent fall in overall growth for the whole fiscal |
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Welcome measures by RBI
Bikky Khosla | 25 May, 2020 |
| The Reserve Bank of India last week reduced lending rates by 40 basis points to 4 percent from 4.40 percent after a yet another out-of-turn Monetary Policy Committee meeting. |
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