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MSME Credit Growth Momentum Continues with Rising Demand and Stable Performance

Mumbai, 10th August 2023: Insights from the latest edition of the TransUnion CIBIL-SIDBI MSME Pulse Report show that commercial1 credit growth momentum continues with portfolio balance growth of 15% year-over-year (YoY) in FY 23-Q4. Commercial credit

Uttar-pradesh , India , Mumbai , Maharashtra , Karnataka , Tamil-nadu , Telangana , Andhra-pradesh , Haryana , Sivasubramanian-ramann , Rajesh-kumar ,

Citibank India: 5 lenders including HDFC Bank, Kotak in race for Citi India's retail business

Four top local lenders, including HDFC Bank and Kotak Mahindra Bank, and the Singapore-based DBS Bank have emerged as the top five contenders to take over Citi Indias estimated $2-billion retail business, highlighting the competitive intensity for a portfolio built around credit

India , Singapore , Jane-fraser , Citibank , Axis-bank , Indusind-bank , Kotak-mahindra-bank , Citi-india , Better-deal , Card-busines , Mahindra-bank , Citibank-india

478 infra projects show cost overruns worth Rs 4.4 lakh crore

Out of 525 delayed projects, 100 projects have an overall delay in the range of 1-12 months, 124 projects (13-24 months), 182 projects (25-60 months) and 119 projects (61 months and above).

Programme-implementation , Ministry-of-statistics , Kks , New-delhi , Cost-overruns , Lakh-crore , Infrastructure-projects , ப்ரோக்ராம்-செயல்படுத்தல் , அமைச்சகம்-ஆஃப்-புள்ளிவிவரங்கள் , கக்ஸ் , புதியது-டெல்ஹி

GST collection dips in May but is still above ₹1 lakh crore

India Business News: NEW DELHI: Goods and Service Tax collection for May stood at Rs 1.

Abhishek-jain , Service-tax , Business-news , Turnover , Taxpayers , Rs-1 , Lakh-crore , Igst , Finance-ministry , Cgst , அபிஷேக்-ஜெயின் , சேவை-வரி

At 9.2%, fiscal deficit is highest ever for Centre

India Business News: NEW DELHI: The Centre closed last year with a fiscal deficit of 9.

Nirmala-sitharaman , National-statistical-organisation-on , Centre-fiscal , National-statistical-organisation , Controller-general , Business-news , Lakh-crore , Estimate , Controller-general-of-accounts , Centre , Budget , தேசிய-புள்ளிவிவர-ஆர்கநைஸேஶந்

Government borrows 55% more so far this fiscal as lockdowns hit revenue collections

Government borrows 55% more so far this fiscal as lockdowns hit revenue collections
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Last Updated: May 28, 2021, 09:05 PM IST
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Synopsis
The market borrowing of Rs 2.1 lakh crore is 17.5 per cent of the budgeted debt creation of Rs 12.05 lakh crore for the full year and 30 per cent of the first half borrowings calendar of Rs 7.24 lakh crore.
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At the latest borrowing on Friday, the government borrowed only Rs 26,550 crore of the Rs 32,000 crore notified. Of the total bids worth Rs 19,114 crore were accepted by the RBI while bids for Rs 7,437 crore were devolved to the primary dealers.
Indicating a massive revenue crunch due to the second wave of the pandemic that has forced many states to declare full lockdowns for almost two months now, the Centre has borrowed Rs 2.1 lakh crore so far this fiscal -- a whopping 55 per cent more than what it was a year ago.

Madan-sabnavis , Care-ratings-madan-sabnavis , Lockdowns , Fiscal , Lakh-crore , Market-borrowing , நிதி , சந்தை-கடன்-வாங்குதல் ,

States may face Rs 3 lakh crore GST compensation shortfall in FY22: Report

States may face Rs 3 lakh crore GST compensation shortfall in FY22: Report
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Last Updated: Mar 15, 2021, 07:42 PM IST
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In FY21, the states were facing a shortfall of Rs 1.1 lakh crore in GST compensation from the Centre but over 90 per cent of that amount has been cleared now.
Agencies
Out of that amount, the shortfall from cess collections will be at Rs 1.6-2 lakh crore, according to an Icra report released on Monday.
States may face a GST compensation shortfall of Rs 3 lakh crore in the next financial year, a situation that will force them to borrow more from the markets, says a report. The states may face a shortfall of Rs 2.7-3 lakh crore as Goods and Services Tax (GST) compensation from the Centre next fiscal. Out of that amount, the shortfall from cess collections will be at Rs 1.6-2 lakh crore, according to an Icra report released on Monday.

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Government seeks Parliament nod for additional gross expenditure of Rs 6.28 lakh crore

An additional allocation of Rs 1.1 lakh crore has been sought for providing loans to state governments through issue of debt under special window under back to back loan to states in lieu of goods and service tax compensation shortfall and a separate Rs 12,000 crore for special assistance as loan to states for capital expenditure.

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Credit demand is bouncing back, & how!

Consumer lending company Bajaj Finance said the company acquired 2.2 million new customers in the third quarter though lower than the 2.5 million acquired in the smae period last year.

Indusind-bank , Bajaj-finance , Ind-bank , Casa , Lakh-crore , Aum , Credit-demand , Hdfc , இந்துசின்த்-வங்கி , பஜாஜ்-நிதி , இந்த்-வங்கி

Opinion | How India can make energy transition efficient

Opinion | How India can make energy transition efficient
India would need to raise the share of renewable energy to 40% by 2030.
5 min read
Anil Rawal
The imminent renewable integration and digitalisation will change the way energy is managed, distributed and utlilised. This also spawns a unique opportunity to craft new policies and regulations that enable multiple revenue streams from various siloed sectors.
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Energy is one of the most ubiquitous resources and is overwhelming in its abundance. In 88 minutes, about 450 exajoules of energy reaches from Sun to Earth and this is sufficient for about one year of the whole Earth’s energy consumption. The price of renewable energy is destined to consistently plummet with time and the trend is already conspicuous only in its incessant fall. Any pricing or cost attached with energy enablement would remain related to either the transformation of its forms or its carriage and distribution. Thus, efficiency of carriage as well as equitability of its distribution are the key questions to be solved for achieving energy transition in our lives. This energy transition has to happen through three Ds of Decarbonisation, Democratisation and Digitalisation.

India , Paris , France-general , France , Distribution-companies-discoms , National-programme-on-smart , Smart-meter-national-programme , Energy-systems , Advanced-metering-infrastructure , National-programme , Smart-metering