MSMEs are India's entrepreneurship nursery, RBI to continue strong support: Governor MalhotraEmphasising the Reserve Bank of India (RBI) continued committment to the MSME sector, RBI Governor Sanjay Malhotra on Sunday described Micr...
HFCs emerge stronger after FY26 stress, asset quality recovers sharply; sector better placed for FY27: ReportHousing finance companies have emerged stronger after facing challenges. Asset quality has improved significantly. Loan growth is picking u...
No Santa for exporters this Christmas: Iran war disrupts supply chains, stretches transit times to 60 days, threatens marginsIndian exporters say longer shipping routes, rising input costs, and delayed payment cycles are squeezing margins and putting pressure on d...
MSMEs to bear bigger hit than large firms from West Asia conflict: CrisilThe ongoing crisis in West Asia has struck a harsh chord for Indian small enterprises, leaving them vulnerable to significant setbacks. Ant...
FM asks lenders to go beyond standard loans, design credit repayments around biz cyclesFinance Minister Nirmala Sitharaman has called on banks to move beyond standard loan products. She emphasized the need for repayment struct...
The three Fs that Sitharaman flagged as India braces for a widening global oil shock, forex strainIn light of increasing global unrest from the West Asia crisis and fluctuations in the energy sector, Finance Minister Nirmala Sitharaman i...
Gold import duty hike inflates prices, raises smuggling risk: Gem & Jewellery Export Promotion CouncilThe Gem and Jewellery Export Promotion Council has urged the government to discuss ways to control gold imports. They state that increasing...
India reviews export ecosystem, pushes MSMEs, agri exports and Brand India focusUnion Minister Piyush Goyal reviewed efforts to boost India's exports. The focus is on better implementation, coordination, and monitoring....
Procurement from GeM portal crosses Rs 4 lakh crore in FY'26, to surpass last year's level: OfficialGeM CEO Mihir Kumar said about 45 per cent of public procurement orders are placed to MSMEs, higher than the mandatory requirement of 25 pe...
Govt e-marketplace GeM achieves Rs 1 lakh crore GMV in FY23 aloneCumulatively, GeM has surpassed the Rs 3 lakh crore GMV since inception, and the total number of transactions on GeM also recently surpasse...
Government eMarketplace gets ₹1 L Cr orders in FY22The commerce and industry ministry launched GeM on August 9, 2016, replacing Directorate General of Supplies and Disposal to create an open...
Government e-Market portal eyes Rs 1.5 lakh crore worth of procurement in 2022-23GeM is an online platform for public procurement in India. The initiative was launched on August 9, 2016, by the Ministry of Commerce and I...
Prime Minister Modi hails Government e-Marketplace achieving Rs 1 lakh crore in orders in a yearGovernment e-Marketplace (GeM) portal was launched in August 2016 for online purchases of goods and services by all central government mini...
Sellers not sharing local content amount will be unable to do business on GeM: GovtThe commerce and industry ministry said that now it is mandatory for all sellers to upfront declare the Country of Origin without which the...
FinMin's decision to levy penalty for late payment to vendors will assure timely payments: GeM CEOWelcoming the decision, GeM Chief Executive Officer (CEO) Talleen Kumar said one of the biggest complaints from sellers on GeM was delayed ...
Consultant to help Government e-Marketplace be on a par with ecommerce firmsThe consultant will be given the brief to draw up this blueprint aiming at on-boarding more buyers and sellers, improving customer experien...
Goyal for making GeM portal more simple to attract MSME playersThe ministry in a statement said that possibilities may be explored for incentivising ministries and states who procure more products and s...