Page 16 - Indian Micro News Today : Breaking News, Live Updates & Top Stories | Vimarsana

US bans Chinese yarn import, but India yet to cash in - Read why? In early January, price of raw cotton touched Rs 5,700 a quintal against the minimum support price of Rs 5,515 fixed for this season Thursday February 25, 2021 7:53 PM, Mahua Venkatesh, IANS New Delhi: India, the largest producer of cotton, is yet to cash in on US ban on imports of the yarn from China. Reason? Price rise in the domestic market. A US ban on Chinese cotton along with an increase in demand for the yarn from Beijing has pushed domestic prices. Not only is this impacting export, but domestic users and textile indust...

New Delhi, Feb 24: Several dying small scale industries in India are looking at a comeback with Prime Minister Narendra Modis thrust on Aatmanirbhar Bharat that also focuses on import reduction. Sentiments are also rapidly changing as the ...

Mastercard partners with Razorpay to drive digital payments acceptance PTI Updated Feb 17, 2021, 12:01 am IST This partnership will help digital adoption and equip millions of businesses, said the Chief Innovation Officer of Razorpay  The partnership will empower Indian micro, small and medium enterprises (MSMEs) in digitizing their operations (Twitter@Razorpay) New Delhi: Global payments solution major Mastercard on Tuesday said it has partnered with fintech player Razorpay to drive digital payments acceptance by small businesses and start-ups in the country. The partnership will emp...

Union Budget 2021 | MSME sector sees higher outlay Updated: Updated: Major part of the ₹15,700-crore allocation is for ECLGS Share Article Major part of the ₹15,700-crore allocation is for ECLGS The Union Budget presented on Monday has doubled the allocation to micro, small and medium enterprises (MSMEs) to ₹15,700 crore for the next financial year. The Budget estimates for the sector for 2020-2021 was ₹7,572 crore. Majority of the allocation for 2021-2022 is for the Emergency Credit Line Guarantee Scheme. Industry sources pointed out that the government had announced the scheme to h...

Budget 2021: MSME sector expectations from FM Nirmala Sitharaman A quick look at what COVID-struck MSME sector hopes from Finance Minister Nirmala Sitharaman in Budget 2021 and what respite she is likely to offer Source: Reuters Budget 2021 is just around the corner and industry captains are hoping Finance Minister Nirmala Sitharaman will give their requests due consideration when she presents her Union Budget 2021-22 on February 1. While the COVID-19 pandemic has left no sector unharmed, the micro small and medium enterprises (MSME) sector is believed to have borne the maximum brunt. To alle...