“In the past 5 years — 72 percent MSMEs which provide 12 Crore Jobs saw Zero growth. In 2.5 years — PM’s ‘param mitr’ who provides only 30,000 jobs, saw wealth grow by 13 times,” Congress President Mallikarjun Kharge said. File | Photo Credit: R.V. Moorthy The Congress on Friday accused the Modi government of benefitting … Read more
Sectors that experienced a high downgrade rate in 2020-21 included hospitality, textiles, real estate, construction and automobile dealerships. These sectors have faced more downgrades in the past 6-12 months. Synopsis While no immediate rating downgrades could happen, a lot of companies in hospitality, retail, travel & tourism, commercial real estate and entertainment could see sharp … Read more
At the same time, sanctioned amount too have surged past Rs 1.50 lakh crore at the end of August 18 under the 100 per cent ECLGS for micro, small and medium enterprises. The finance ministry on Thursday said banks have disbursed more than Rs 1 lakh crore under the Rs 3-lakh crore Emergency Credit Line … Read more