The planned mechanism announced by the finance minister is likely to bring comfort to these stressed entities that have faced difficulty in engaging existing credit lines to pay dues. Under the new system, banks will conduct credit evaluation of an MSME based on its digital trail and not on the balance sheet
Infra capital expenditure in the Union budget has had tongues wagging, but the problem lies in the lack of understanding how poor India’s poor really are.
Even as the centre reversed a move to reduce interest rates on small savings schemes, experts warn that these cuts will be implemented soon. Investors should invest in high-interest-yielding small savings instruments.
The government’s decision to raise the limit of foreign investment in Indian insurance companies from 49 percent to 74 percent is a timely boost. Can it be a game changer in an industry weakened by the pandemic?
While the centre’s plan to establish a Rs 20,000-crore DFI for infrastructure projects is an old idea, its success will depend on transparency and accountability and its engagement with stakeholders.
In this issue of India Legal (February 15, 2021), our columnist Shivanand Pandit takes a close look at the Budget and what it proposes to do. It is not a wishy washy document. The Modi government has tried to put an honest-to-goodness growth plan in place by announcing “a bold and new-age Budget”
India has seen bold budgets, realistic budgets and reformist budgets over the years. In the midst of amazingly high public anticipation regarding Union Budget 2021-2022
Union Budget 2021 live: Finance Minister Nirmala Sitharaman is presenting Budget 2021 in Parliament, Union Budget 2021-22 Highlights: Expectations are high that the government will boost economic revival by focussing on infrastructure, rural economy, agriculture, healthcare