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Banks will be free to decide the spread over the external benchmark. Subsequently, credit risk premiums may undergo change when a borrower's credit assessment also undergoes a substantial change, as agreed upon in the loan contract, Moody's said.
RBI mandate on floating rate benchmark rates is credit negative for banks: Moody's
10 Sep 2019 2:12 PM

This is credit negative for India's banks as it will limit their flexibility in managing interest rate risk, Moody's said in a statement.

Due to the increasing inflow of lab-grown diamonds and blood diamonds into the market, processing companies are required to trace the entire value chain of the stones they handle.
Polarisation in G&J market; big wins, small loses
10 Sep 2019 1:16 AM

According to him, 10 to 15 large players in the segment are getting bigger by adapting to the new environment.

The banks have also been asked to reset the interest rate under external benchmark at least once in three months.
RBI makes mandatory for banks to link retail loans with external benchmarks
05 Sep 2019 10:49 AM

A move aimed at ensuring faster transmission of policy rate cuts to borrowers.

Reacting to the announcement, MSME Minister Nitin Gadkari said clearing GST dues within 30 days will be highly beneficial for the MSME sector and will also be instrumental in increasing job opportunities. (Photo: File | ANI)
MSMEs to get pending GST refunds within 30 days: FM
23 Aug 2019 8:28 PM

In future, all GST refunds of MSMEs will be paid within 60 days from the date of application, said FM Nirmala Sitharaman.

Finance Minister Nirmala Sitharaman said that even with some moderation, India is still the fastest-growing large economy. (Photo: File)
Govt, RBI on same page on steps to boost economy: Sitharaman
09 Aug 2019 5:56 PM

Finance Minister Nirmala Sitharaman said the government is looking at the financial sector woes and will address them.

Finance Minister Nirmala Sitharaman
Centre promises all help to MSMEs
07 Aug 2019 1:42 AM

Finance Minister Nirmala Sitharaman and MSME Minister Nitin Gadkari met representatives from various MSME sectors on Tuesday.

Krishnamurthy also said Chief Minister Yogi Adityanath's "vision and enabling initiatives will boost investor confidence in the state" as ease of doing business is expected to improve.
Flipkart CEO sees UP becoming India's first trillion-dollar state economy
28 Jul 2019 2:57 PM

Thousands of artisans, small businesses and women entrepreneurs are finding partnership with Flipkart beneficial, said Flipkart CEO.

The committee has also recommended revision of loan limit sanctioned under MUDRA.
RBI panel for hike in collateral free lending, MUDRA loan limit to Rs 20 lakh
26 Jul 2019 11:41 AM

Around 22.83 lakh MSMEs were registered on Udyog Aadhaar Portal in the country during March, 2018 to March 2019.

Flipkart Group CEO Kalyan Krishnamurthy and Walmart India's CEO Krish Iyer are expected to attend the event.
Walmart, Flipkart to boost MSMEs, farmers' income in UP
25 Jul 2019 12:12 PM

Flipkart is very keen on collaborating extensively with the MSMEs, ODOP and artisans in Uttar Pradesh.

The 'Indori poha' is a breakfast staple made from flattened rice flakes. (Photo: Twitter @dakuwithchaku)
MP's 'Indori poha' likely to join race for GI tag
14 Jul 2019 5:07 PM

GI tag conveys an assurance of quality and distinctiveness, which is essentially attributable to the place of its origin.

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