Community & General News

Development of Small Scale Industries

30 July 2021 at 06:34

GoI has announced various relief measures for several sectors under the Aatma Nirbhar Bharat Abhiyan and has taken a number of initiatives to support the MSME Sector in the country, especially in the COVID-19 pandemic situation.

Posted in Community & General | 4050 Views

Startups and Small Companies Shutdown during Covid

30 July 2021 at 06:32

The COVID-19 epidemic has temporarily affected various sectors including the Micro, Small and Medium Enterprises in the country. Economic activities have contracted due to the strict lockdown measures imposed by the Government.

Posted in Community & General | 1947 Views

52,391 entities recognized as startups by DPIIT

29 July 2021 at 05:41

As of 14th July 2021 a total of 52,391 entities are recognized as startups by the Department for Promotion of Industry and Internal Trade and more than 5.7 lakh jobs have been reported by more than 50,000 startups.

Posted in Community & General | 1992 Views

Active customers doubled on digital channels from 3.4 crore in FY 2019-20 to 7.6 crore in FY 2020-21

28 July 2021 at 06:21

Financial transactions undertaken through home and mobile channels increased from 29% in FY 2018-19 to 76% in FY 2020-21. Nearly 72% of financial transactions of PSBs done through digital channels.

Posted in Community & General | 1029 Views

Measures taken by the Finance Ministry to curb incidence of frauds in Banks

28 July 2021 at 06:28

As per the information received from RBI, the number of cases of frauds of Rs 500 crore and above reported by Public Sector Banks/ Indian Banks / Select Financial Institutions are 79 in 2019-20, 73 in 2020-21 and 13 in 2021-22 (up to 30th June 2021).

Posted in Community & General | 1191 Views

Rs 24,356 crore of unclaimed deposit lying with SCBs as on 31st Dec 20

27 July 2021 at 20:29

As per information received from the Reserve Bank of India, the total amount of unclaimed deposits of Scheduled Commercial Banks was Rs. 24,356 crore, as on 31.12.2020. Unclaimed deposits have increased by Rs. 5,977 crore in the year 2020.

Posted in Community & General | 2907 Views

320 foreign companies registered in India between 2018 and 2021

27 July 2021 at 20:21

A total of 320 foreign companies registered in the country during the last three years. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha.

Posted in Community & General | 1263 Views

Norms fixed for implementation of Ease of Doing Business in the country

27 July 2021 at 06:30

Shri Pankaj Chaudhary stated that 20 states were allowed additional borrowing of Rs 39,521 crore during 2020-21 for implementation of EoDB reform and it is a continuous process and its outcome would be visible in due course.

Posted in Community & General | 1500 Views

Initiatives under Make in India and Startup Programmes

24 July 2021 at 06:12

Make in India initiative has made significant achievements and presently focuses on 27 sectors under Make in India 2.0. Startup India initiative generates more than 26000 employment in Tamil Nadu in three years.

Posted in Community & General | 1347 Views

Nearly 72% of financial transactions of PSBs done through digital channels

19 July 2021 at 21:59

Minister of State for Finance - Dr Bhagwat Kisanrao Karad in a written reply to a question in the Lok Sabha stated that the share of financial transactions undertaken through home and mobile channels increased from 29% in FY 2018-19 to 76% in FY 2020-21.

Posted in Community & General | 1143 Views