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The Reserve Bank of India (RBI) on Wednesday announced a slew of measures to boost foreign exchange (forex) inflows amid a slump in the value of rupees.

The Reserve Bank of India (RBI) on Wednesday announced a series of measures to boost foreign exchange inflows.The central bank said that it has taken the steps in order to further diversify and expand the sources of forex funding so as to ...

Union Minister of State for Finance Dr Bhagwat Kisanrao Karad has said that the Centre has announced Emergency Credit Line Guarantee Scheme as part of the Aatma Nirbhar Bharat Package with the objective to help MSMEs and business enterprises to meet their operational liabilities and resume business in view of the distress caused by the COVID-19 crisis by providing Lending Institutions 100 per cent guarantee against any losses suffered by them due to non-repayment by borrowers.

Union Minister of State for Finance Dr Bhagwat Kisanrao Karad has said that the Centre has announced Emergency Credit Line Guarantee Scheme as part of the Aatma

Synopsis For enhancing credit to MSME entrepreneurs, the RBI Governor mentioned that in Feb 2021, the scheduled commercial banks were allowed to deduct credit disbursed for new MSME borrowers from their NDTL for calculation of CRR. PTI The MSME sector has been under considerable stress in the aftermath of Covid’s second wave which has severely hit their cash flows, survival and thrown them off gear. In an effort to reduce the stress on small businesses and the MSME sector amid the unprecedented Covid surge gripping the nation, RBI Governor Shaktikanta Das on Wednesday announced a set of me...