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RBI opens gates for investors, companies to invest in overseas funds

RBI opens gates for investors, companies to invest in overseas funds

Investors and companies based in India will now be able to invest in overseas funds, including those set…

SME FINANCE SUMMIT

SME FINANCE SUMMIT

Mr. Chandrakant Salunkhe – Founder & President, SME Chamber of India addressing the delegates Mr. Divik Sahni –…

New incentive scheme for toy manufacturing soon

New incentive scheme for toy manufacturing soon

This year’s interim budget provided a token amount for PLI for toys but details will be spelt out…

NPAs in MSME with PSBs

NPAs in MSME with PSBs

The Department of Financial Services (DFS) has urged banks to review penal charges for not maintaining Minimum Average…

Budget 2025-26: Big push for micro, small and medium enterprises

Budget 2025-26: Big push for micro, small and medium enterprises

Sector responsible for 36% of country’s manufacturing output to see enhanced access to capital & skill development. Calling them one…

Government provides a big relief to MSMEs for COVID-19 period; fulfils promise announced in Union Budget 2023-24

Government provides a big relief to MSMEs for COVID-19 period; fulfils promise announced in Union Budget 2023-24

95% of bid or performance security forfeited for failure to execute contracts to be refunded; No interest shall…

Recent Posts

RBI’s Rate Cut Postponement Expected; Third Quarter Adjustment Likely

RBI’s Rate Cut Postponement Expected; Third Quarter Adjustment Likely

BySMEConnect-DeskJun 4, 20243 min read

Note Paraphrased: In the forthcoming MPC session, the RBI is projected to maintain the current key lending rates, marking the eighth successive instance, as the economy grapples with food inflation and erratic climatic conditions. The RBI’s meeting from June 5-7 will consider various factors influencing its decision-making process. The repo rate has been steady at 6.5%, […]

Cautious FPIs and Confident Retail Investors Gear Up for Market Clash Next Week

Cautious FPIs and Confident Retail Investors Gear Up for Market Clash Next Week

BySMEConnect-DeskJun 4, 20243 min read

The market is on the edge of a tense standoff between optimistic and pessimistic forces next week as election excitement reaches a critical point. Foreign portfolio investors (FPIs) have taken…

Growth in Banks’ Non-Food Credit Slows Down to 19% in April; Sharp Decline in NBFC Loan Growth to About 15%

Growth in Banks’ Non-Food Credit Slows Down to 19% in April; Sharp Decline in NBFC Loan Growth to About 15%

BySMEConnect-DeskJun 4, 20242 min read

In April, the year-on-year growth of banks’ non-food credit slowed to 19.1%, reaching Rs 164.76 trillion, a slight decrease from the 20.2% growth observed the previous month, according to the…

Vedanta Targets $6 Billion EBITDA in FY25, Affirms Profit Goal Expectations

Vedanta Targets $6 Billion EBITDA in FY25, Affirms Profit Goal Expectations

BySMEConnect-DeskJun 4, 20243 min read

Vedanta Group, a mining giant, is setting its sights on achieving $6 billion in earnings before tax for the upcoming fiscal year, with plans to increase this figure to between…

Fiscal Deficit for FY24 Surpasses Estimates at 5.6%; Substantial Reduction in Subsidies

Fiscal Deficit for FY24 Surpasses Estimates at 5.6%; Substantial Reduction in Subsidies

BySMEConnect-DeskJun 4, 20243 min read

Fiscal deficit in April constitutes 12.5% of the FY25 goal; RBI’s significant dividend offers fiscal flexibility. India’s fiscal deficit for the previous financial year was reported at 5.6% of the…