• Download mobile app
09 May 2021, Edition - 2126, Sunday

Trending Now

  • Kerala HC hears COVID testing price row; rejects private labs’ plea. Pvt labs sought removal of cap.
  • CM Yediyurappa hints at complete lockdown in Karnataka as ‘corona curfew’ fails to check spike in cases.
  • Delhi HC issues notice to AAP leader Imran Hussain on allegations of hoarding Oxygen.

Post

The Budget Announced Today is Dynamic and Progressive for the Indian Economy

Covai Post Network

Share

Dr. Rashmi Saluja, Non-Executive Chairman – Religare Enterprises.

The Budget announcement made by the Union Finance Minister today was visionary and demonstrates the government’s intent to focus on demand generation, spurring jobs, increase infrastructure spends, attract foreign institutional investors and increase farm income. Amendment in the Factor Regulation Act 2011 will enable NBFCs to extend invoice financing to the MSMEs through TReDS, thereby enhancing their economic and financial sustainability. This is a welcome step and will instill confidence and bring optimism in the sector.

 

Introduction of a scheme to provide subordinate debt for entrepreneurs of MSMEs is a welcome step and I am confident that the Indian NBFC sector will reap the benefits of this growth stimulus and SME focused initiatives and be on the growth path soon.

Source: Newsvior

Subscribe To Our Newsletter

COIMBATORE WEATHER