With around 63.4 million units in total, MSMEs contribute around 6.11% and 24.63% of the manufacturing and services GDP respectively. They have been able to provide employment to around 120
According to the IMF’s April 2020 World Economic Outlook, the global economy is set to contract by 3%. Within this subset, advanced economies are expected to contract by 6.1% while
NBFC crisis and the measures announced through Atmanirbhar BharatNBFC crisis and the measures announced through Atmanirbhar Bharat
I. Background The crisis in the Non-Banking Financial Companies (NBFC) sector has been in the making for the past couple of years. While a series of default by well rated
Atmanirbhar Bharat (fiscal package)-Measures announced for MSME sectorAtmanirbhar Bharat (fiscal package)-Measures announced for MSME sector
The Government of India has announced the first set of stimulus package for the poor amounting to Rs. 1.7 Lakh Crore (0.7% of GDP). Later, on May 14, 2020, the
Moratorium on loans due to Covid – Will it be a game changer?Moratorium on loans due to Covid – Will it be a game changer?
Dr. Madhavankutty G Head – Banking, Economy & Policy – ET Prime, Times Group Background: The Reserve Bank of India (RBI) first brought about a moratorium on loan repayments for