An industry body has commented that the RBI’s move in a restructuring of advances for MSMEs may fail to achieve its intended objective in supporting the MSMEs while avoiding the increase of NPAs in the bank. The Consortium of Indian Associations statement also highlights the economic scenario before the COVID-19 pandemic and suggests of the cut off date to be December 31, 2019. The CIA has also made several suggestions to help both the banks and the entrepreneurs.
The provisional figures released by the Commerce Ministry shows that the Indian economy is going to face tough days ahead of the lockdown. The output of the economy has contracted by as much as 6.5%. [Read More]
This article explains in detail about the recent turnaround of China’s economic activity and what other developing countries like India can effected by COVID can learn from this . This news is related to the [Read More]
Relevance: Infrastructure is an very critical part of development of an economy. Well developed infrastructure provide large number of services to the people in everyday life and support strong economic growth. Considering the population, geographical [Read More]
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