Gold Silver Reports (GSR ) — In a bid to boost credit availability to Micro, Small and Medium Enterprises (MSMEs), Finance Minister Arun Jaitley has launched a web portal through which one can avail loans up to Rs 1 crore in just 59 minutes. The portal will enable principal approval of loans up to Rs 1 crore for MSMEs from Small Industries Development Bank of India (SIDBI) and 5 Public Sector Banks (PSBs).
As per a senior SBI official, the average cash withdrawal from ATMs per card is less than Rs 20,000 and the move will help in checking frauds and promote digital transaction. About a month ago, the State Bank of India (SBI) had alerted its customers holding Classic and Maestro debit cards regarding reduction of cash withdrawal limit to Rs 20,000 a day from ATM starting October 31.
Gold Silver Reports (GSR) – Petrol Price Kiss Highest Level Under Narendra Modi Govt (BJP), Diesel at Record High — The hike, necessitated due to firming international oil prices, comes on back of a 13 paisa increase in rates of petrol effected yesterday and a 15 paisa hike in diesel, it said.State-owned oil firms, which have been since June last year revising auto fuel prices daily, today raised petrol and diesel rates by 19 paisa per litre each in Delhi, according to a price notification.
Budget 2018: Sector-Wise highlights of Arun Jaitley’s Budget Speech – Finance minister Arun Jaitley is presenting in Parliament the Union Budget 2018, the Narendra Modi government’s last full budget before the 2019 Lok Sabha elections. He has the unenvious task of balancing fiscal prudence with populism to repair the rural economy and bolster growth in the Indian economy.
Gold Silver Reports – Union finance minister Arun Jaitley has said the Indian economy is set for a higher growth trajectory on the back of a slew of structural reforms.