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The government has approved an Emergency Credit Line Guarantee Scheme (ECLGS 5.0) with an outlay of Rs 18,100 crore to support MSMEs and airlines hit by the West Asia conflict, PTI reported.The scheme is expected to enable additional credit flow of Rs 2.55 lakh crore, including Rs 5,000 crore earmarked for the aviation sector.“The scheme…
New Delhi: India’s cybersecurity agency, the Indian Computer Emergency Response Team (CERT-In) has warned that advances in artificial intelligence are pushing cyberattacks into a new phase, with automation and scale bringing them firmly into the spotlight.In an advisory, CERT-In said frontier AI systems are now capable of autonomously identifying software vulnerabilities, analysing large volumes of…
Chandigarh: To improve energy efficiency and reduce operational costs of industry, the Punjab Energy Development Agency (PEDA) will conduct comprehensive energy audits of 1,875 micro, small and medium enterprises (MSMEs) across the state.The initiative is intended to help MSMEs understand their energy consumption patterns and identify areas for savings. For enterprises operating on thin margins,…
The government on Friday announced seven measures, including credit assistance for e-commerce exporters and support for alternative trade finance instruments, aimed at boosting India’s outbound shipments and strengthening export competitiveness.The initiatives form part of the Rs 25,060 crore export promotion mission, under which three of the 10 proposed components had already been rolled out in…
RBI governor Sanjay Malhotra (File photo) MUMBAI: RBI governor Sanjay Malhotra on Monday urged micro, small and medium enterprises (MSMEs) to formalise operations and assured them of timely and adequate access to credit, calling improved credit flow to the sector a key policy priority for Reserve Bank of India. At an interaction with MSMEs and…
NEW DELHI: Commerce minister Piyush Goyal on Saturday assured that the India-US trade deal framework will not harm Indian farmers, MSMEs, artisans, or craftsmen, and said their interests remain fully protected.“I can say with absolute certainty that the farmers, MSMEs, artisans, and craftsmen of India will not suffer any kind of loss,” Goyal said in…
This will open a $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen. The increase in exports will create lakhs of new job opportunities for our women and youth. As part of this framework, the US will slash reciprocal tariffs on Indian goods to 18%, providing a huge market opportunity in key sectors…
The Union Budget for the 2026–27 fiscal year will be presented on Sunday, February 1, with the government expected to prioritise job creation, agricultural development, inclusive manufacturing and digital transformation, according to experts.Osmania University Professor Satish Raikindi outlined a range of expectations from the upcoming budget, suggesting that the government is likely to place emphasis…
As the Union Budget 2026 approaches, industry bodies have flagged key expectations focused on easing pressure on micro, small and medium enterprises (MSMEs) and strengthening the startup ecosystem amid funding constraints and regulatory challenges. With employment generation and entrepreneurship high on the policy agenda, stakeholders are looking for targeted measures that address cash-flow stress, compliance…
The government on Wednesday launched a Rs 4,531-crore Market Access Support (MAS) scheme to help Indian exporters participate in international fairs, exhibitions and buyer-seller meets, offering a boost at a time when shipments face headwinds from steep US tariffs, PTI reported.The MAS is the first component to be operationalised under the Rs 25,060-crore export promotion…
