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Budget 2024 expectations: Industry experts are hoping for incentivised lending rates, credit guarantee schemes, and increased funding channels in the upcoming interim budget to enhance financial resilience for the MSME sector
MSME sector urges Finance Minister Sitharaman for special package in interim Budget 2023-24 to ensure increased access to credit at competitive rates for USD 5 trillion economy; holds importance before general elections. Sector contributes 29.15% to GDP. Focus on addressing uneven power dynamic, lack of competition, and weak grievance redressal mechanism with banks.
MSME expects special package from Finance Minister Sitharaman on Feb 1 thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
MSME expects special package from Sitharaman on Feb 1 financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
India's GDP growth in the September quarter of the fiscal year reached 7.6%, making it the fastest-growing large economy. The rebound was driven by a strong performance in the manufacturing, mining, and services sectors. The Gross Value Added (GVA) in the manufacturing sector saw a growth of 13.9%, indicating a significant increase in production to meet pent-up demand before the festivals.
RBI's rate-setting panel starts 3-day meet on monetary policy : The Tribune India tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
The Reserve Bank of India's Monetary Policy Committee (MPC), headed by Governor Shaktikanta Das, has started its three-day meeting. Experts predict that the MPC will maintain the current interest rates due to elevated inflation and global factors. Retail and corporate borrowers can expect stability in interest rates if there is no change. Despite expectations of a decrease in inflation in September and October, experts believe that a rate hike is unlikely.