NEW DELHI: The Center on Saturday announced key revisions to the Mutual Credit Guarantee Scheme for MSMEs (MCGS–MSME), expanding its scope beyond manufacturing and making it easier for firms to access collateral-free credit. As part of the changes, service-sector micro, small and medium enterprises (MSMEs) can now participate in the scheme, and the minimum machinery…
New Delhi: Prime Minister Narendra Modi on Tuesday said India can be a reliable and resilient manufacturing partner to the world, and that the recent free-trade pacts offer an opportunity to provide top-quality goods and services. Studying the preferences and comfort levels of other countries is a paramount necessity, Modi said, speaking at a post-budget…
From Prime Minister Narendra Modi to Union Finance Minister Nirmala Sitharaman, several leaders in India hailed the India-US “interim” framework revealed by the two parties on Saturday. According to the joint statement, the two countries will “promptly” implement this framework and work towards finalizing the interim agreement with a view to concluding a mutually beneficial…
According to Confederation of Indian Industry (CII) President and EY India Chairman Rajiv Memani, three things stand out if we reflect on the major developments of the current year. “These are trade diversification, the GDP growth rate which is incredible in the backdrop of what is happening in the world, and the pace at which…
