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Just in:   • India's economy, banks in robust health: RBI  • Year Ender 2024: India's indicators on an uptrend, many sectors see rise in global rankings  • Centre inks 72 MoUs to empower persons with disabilities, launches 100 cr worth projects this year  • Area sown under rabi crops rises to 614.94 lakh hectares  • India records highest ever coal production in 2023-24, focus on raising coking coal output  Last updated: 26 Dec, 2024   Digitally empower your small business in 2021 Bikky Khosla | 29 Dec, 2020 How much promise the Internet holds for small businesses? Why digital transformation matters?     Read more.... Exports sector: Budget expectations Bikky Khosla | 22 Dec, 2020 Union Finance Minister Nirmala Sitharaman last week said that the Centre seeks to create a 'budget as never before' and help India emerge as the engine for global growth and economic resurgence.     Read more.... Indian economy bouncing back Bikky Khosla | 15 Dec, 2020 Rating agency Crisil last week revised India's fiscal 2021 real GDP contraction projection to 7.7% as against a contraction of 9% forecast in September.     Read more.... Exports outlook Bikky Khosla | 07 Dec, 2020 Exports fell 9.07 percent to $23.43 billion from $25.77 billion in November 2019, according to official figures released last week. The Commerce Ministry – on the basis of preliminary data – added that total overseas shipments during April-November 2020-21     Read more.... Q2 GDP surprise Bikky Khosla | 01 Dec, 2020 Gross Domestic Product (GDP) of the Indian economy contracted by (-) 7.5 percent in second quarter of the 2020-21 financial year, against 4.4 percent growth in the corresponding quarter of FY2019-20.    Read more.... Reforms key to growth revival Bikky Khosla | 24 Nov, 2020 Continuing its economic reform agenda, the government will take up more measures in days ahead, the Finance Minister said on Monday at a conference in New Delhi.     Read more.... Third tranche of stimulus Bikky Khosla | 17 Nov, 2020 The government last week announced fresh stimulus measures under the Atmanirbhar 3.0 stimulus package. There are total 12 fresh measures amounting to Rs 2.65 lakh crore.     Read more.... MSME registration Bikky Khosla | 09 Nov, 2020 More than 11 lakh MSMEs have got themselves registered till October 31, under the Udyam Registration system which took off on July 1 this year. This is welcome news.     Read more.... Manufacturing spurt Bikky Khosla | 02 Nov, 2020 In a positive development, the Indian manufacturing sector in October registered growth for the third straight month to a 13-year high.     Read more.... Fresh stimulus in the pipeline! Bikky Khosla | 27 Oct, 2020 The Union Finance Minister last week said that the Central government has not closed the option of coming out with another round of stimulus. Days after the statement, a top finance ministry official reiterated the possibility of such a move    Read more.... Exports: Where are we heading Bikky Khosla | 20 Oct, 2020 Merchandise exports in September rose by 5.99 percent y-o-y to $27.58 billion, according to latest official figures. Last month, exports contraction had widened to (-) 12.66 percent at $22.70 billion, after (-) 10.12 percent in July and (-) 12.41 percent in June    Read more.... Fresh stimulus for economy Bikky Khosla | 13 Oct, 2020 The Centre on Monday announced a host of stimulus measures, raising hopes that the upcoming festive season would bring good news for the economy.     Read more.... Economic recovery not far off! Bikky Khosla | 05 Oct, 2020 The Indian economy is not in a good shape, with GDP growth contracting 23.9% in the first quarter of the current fiscal.     Read more.... Stimulus hopes Bikky Khosla | 29 Sep, 2020 A fiscal package is on the cards, the media reported last week. The expectation seems pretty reasonable, considering past instances. Just before Diwali in 2017, the Centre had announced GST rate cuts on around 27 items. Then around the festival season last year, corporate tax rate cut worth Rs 1.45 lakh crore had been announced. And so it will not be a surprise at all if the government rolls out a similar package this festive season.     Read more.... Exports rebounding, but challenges remain Bikky Khosla | 22 Sep, 2020 Contracting for the sixth straight month, merchandise exports slumped by over 12 percent y-o-y in August. After registering 2.44 percent growth to $26.67 billion in February, exports plunged by over 34 percent in March (at $21.41 billion),     Read more.... Small business confidence Bikky Khosla | 14 Sep, 2020 The Union Minister for MSMEs last week said that the government is committed to increase the contribution of the sector to GDP from about 30 percent to 50 percent and to exports from 49 percent to 60 percent.     Read more.... Capping of MEIS benefits Bikky Khosla | 08 Sep, 2020 The Centre last week decided to cap the benefits under the Merchandise Exports from India Scheme (MEIS) at Rs 2 crore per exporter on outbound shipments made during September-December, 2020.    Read more.... GDP shocker Bikky Khosla | 01 Sep, 2020 India's April to June quarter Gross Domestic Product (GDP) estimates have declined 23.9 percent, according to latest data released by the National Statistics Office (NSO). This extent of GDP contraction is sharp – probably the steepest on record    Read more.... Big relief to stressed MSMEs Bikky Khosla | 24 Aug, 2020 The much-awaited Credit Guarantee Scheme for Subordinate Debt for MSMEs was launched last week. Amid the COVID-19 crisis, it was felt that the biggest challenge for stressed MSMEs was in getting capital    Read more.... Time is now for an export strategy Bikky Khosla | 18 Aug, 2020 COVID-19 has hit our economy hard, and a latest report reflects the brunt of the pandemic as well as the lockdowns clamped to contain its spread.    Read more.... RBI push to MSMEs, start-ups Bikky Khosla | 09 Aug, 2019 Contrary to expectations, the RBI, in its Monetary Policy Committee meet last week, retained the repo rate -- or short-term lending rate for commercial banks at 4 percent.     Read more.... One time loan restructuring Bikky Khosla | 04 Aug, 2020 Prime Minister Narendra Modi last week met stakeholders of banks and NBFCs and discussed issues relating to the economy, including those in the financial sector, particularly credit growth and risk aversion. He emphasised that the Government is firmly behind the banking system.     Read more.... Risk aversion not the way to growth Bikky Khosla | 27 Jul, 2020 The RBI is expected to go for another dose of repo rate cut in its MPC meet during August 4 to 6, according to a latest survey conducted among a group of economists and industry experts.     Read more.... IGST fraud: Bring the offenders to book Bikky Khosla | 21 Jul, 2020 Media reports last week revealed that a total of 1,377 'exporters' have fraudulently claimed IGST refund amounting to Rs 1,875 crore. They are now untraceable at their principal place of business. It sounds even more shocking that the list includes seven accredited 'star exporters'.     Read more.... 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.     Read more.... 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.     Read more.... 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.    Read more.... 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.     Read more.... 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.    Read more.... 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.    Read more.... 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    Read more.... 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.    Read more.... MSME stimulus Bikky Khosla | 19 May, 2020 The micro, small and medium enterprise (MSME) sector, which has been hit hard by the economic shock caused by the Coronavirus pandemic, received a major relief in the form of a tailor-made stimulus package    Read more.... Exports opportunities arising out of COVID-19 Bikky Khosla | 12 May, 2020 A global rating agency last week said that the Indian economy will not grow in the current financial year due to the “deep shock” triggered by the Coronavirus outbreak. No doubt, the ongoing nationwide lockdown has severely impacted the economy    Read more.... Reviving economy post lockdown Bikky Khosla | 05 May, 2020 The Coronavirus lockdown has been further extended, but the Centre this time introduced several relaxations. The decision came at a time when the country’s total number of COVID-19 cases has climbed over 42,500    Read more.... nCov: A potential manufacturing opportunity Bikky Khosla | 28 Apr, 2020 The raging Covid-19 has continued its near-unstoppable march across the globe, though the situation, according to the Centre, has somewhat improved here in India    Read more.... Export stimulus: When is it coming? Bikky Khosla | 20 Apr, 2020 Latest exports figures for March drastically reflect the harsh impact of the Corona crisis on the sector. According to data released by the Commerce and Industry Ministry last week    Read more.... Anxious wait for a stimulus Bikky Khosla | 14 Apr, 2020 We are all witness to the devastation the Coronavirus is having on humankind. Just three months ago, the world was brimming with all kinds of activities, and now it is on a standstill.    Read more.... COVID-19 threat to exports Bikky Khosla | 07 Apr, 2020 Amid COVID-19 crisis, the government extended the existing foreign trade policy for one year till March 2021. The Directorate General of Foreign Trade (DGFT) said this in a notification, which adds that the benefit under all the export promotion schemes    Read more.... Battle against COVID-19 Bikky Khosla | 31 Mar, 2020 The COVID-19 is on rampage; humanity is under lockdown; and economies are shattering across the world. The deadly virus is showing no sign of abetting, and India is also facing its scourge.    Read more.... Corona crisis: Time to fight together Bikky Khosla | 24 Mar, 2020 Amid the ongoing Coronavirus crisis, a report last week said that a mix of conventional and unconventional fiscal and monetary policies would be required to prevent a sharper plunge in economic activity.     Read more.... Cabinet approval to RoDTEP Bikky Khosla | 17 Mar, 2020 In good news for exporters, the Union Cabinet last week approved the introduction of 'Scheme for Remission of Duties and Taxes on Exported Products ' or RoDTEP.     Read more.... Yes, more challenges for Indian economy Bikky Khosla | 10 Mar, 2020 Global share markets tumbled on Monday and this bloodbath can be attributed to the persistent concerns of the Corona Virus epidemic and the crash in the crude oil markets as Saudi Arabia had stunned the world by its decision to raise its production significantly after the collapse of OPEC-Russia talks on an output cut deal.     Read more.... Growth concerns Bikky Khosla | 02 Mar, 2020 The Indian economy grew at 4.7 percent - its slowest rate in more than six years - in October-December 2019 quarter, according to official data released last week. Immediately after release of the data, Finance Minister Nirmala Sitharaman termed the growth rate as indicative of "steadiness" in the economy.     Read more.... Corona virus threat to economy! Bikky Khosla | 25 Feb, 2020 With the US and China nearing an agreement after a year-and-a-half-long trade war, there was a glimmer of hope for recovery in global growth early this year. But now the world is worrying anew due to the deadly Coronavirus     Read more.... Donald Trump's India visit Bikky Khosla | 18 Feb, 2020 The US last week eliminated its special preferences under the Generalized System of Preferences (GSP) for a list of countries including India, which is now classified as a developed country though our Gross National Income (GNI) is way below the threshold of $12,375    Read more.... MSME credit gets a boost Bikky Khosla | 11 Feb, 2020 In a major relief to small and medium enterprises, the RBI last week decided to extend the benefit of one-time restructuring without an asset classification downgrade to standard accounts of GST registered MSMEs     Read more.... Budget promises for MSMEs, startups Bikky Khosla | 04 Feb, 2020 The Union Budget 2020-21 tabled in the Parliament last week allocated an all-time high amount of Rs 7,572.20 crore for the Ministry of Micro, Small and Medium Enterprises. There are a number of initiatives for the sector.     Read more.... Budget 2020: Exports need a boost Bikky Khosla | 28 Jan, 2020 Exports succumbed to the prolonged slowdown in the current fiscal year, and according to latest figures the sector witnessed 1.8 percent fall in overseas shipments in December, 2019. A number of global factors, including     Read more.... Budget 2020: Urgent need to spur demand Bikky Khosla | 20 Jan, 2020 Retail inflation spiked to a 65-month high at 7.35 percent in December from 5.54 percent in November. Many economy watchers expect inflation to remain high in January as well. Meanwhile, GDP in 2019-20 is estimated at an 11-year-low of 5 percent.     Read more.... MSME: Budget expectations Bikky Khosla | 14 Jan, 2020 Ahead of Budget 2020, a number of small industry bodies have put forward their recommendations for benefit of the MSME sector. This sector is contributing in a massive way, creating millions of jobs and accounting for a major portion of the country’s manufacturing output and exports    Read more.... Infra push Bikky Khosla | 07 Jan, 2020 The Centre made a big bang announcement last week. Making a brief statement on the contents of the National Infrastructure Pipeline (NIP) at a press conference    Read more.... 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