On Tuesday, the long-awaited Mediation Bill 2021 was finally enacted by Rajya Sabha. It is anticipated that mediation legislation will provide relief to industry, business, and families from the delays of courts in resolving disputes, or in the parlance of legal luminaries, litigation. The mediators assert that only disputes are brought to them.
The DLI Scheme is implemented by C-DAC. Under the DLI Scheme, ChipIN centre has been set up at C-DAC as one stop centre to provide chip design & fabrication services to supported companies.
The relief provided under this scheme is in continuation of the efforts of the government in promoting and sustaining the MSME sector.
The Indigenous 5G Test Bed was dedicated to the nation by Prime Minister Narendra Modi on 17 May 2022.
Giving significant relief to MSMEs, Union Minister for Finance Nirmala Sitharaman proposed to continue the financial sector reforms and innovative use of technology.
The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues.
The agreement was signed by Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Junaid Ahmad, Country Director (India) on behalf of the World Bank.
The recent direction of the Supreme Court asking employers to negotiate minimum wages during the lockdown period with employees must be viewed in the context of Indias economic development, say ANOOP SATPATHY and BIKASH K. MALICK.
The guarantee cover worth Rs 20,000 crore will be provided to the promoters who can take debt from the banks to further invest in their stressed MSMEs as equity, hence maintaining liquidity and debt-equity ratio.
The ECLGS scheme is the biggest fiscal component of the Rs 20-lakh crore Self-Reliant India Mission package announced by Sitharaman last month.
