MSMES
Self-reliance in aero-engines foundation of India's aerospace sovereignty: Rajnath Singh
Defence Minister Rajnath Singh recently celebrated the remarkable milestone of HAL's Koraput Division delivering its 2,000th aero-engine. This new Shakti engine line is set to manufacture up to 100 engines each year, reinforcing military readiness. He emphasized the necessity of developing indigenous capabilities for defense projects, notably the Advanced Medium Combat Aircraft, while calling for strengthened ties with MSMEs and educational institutions, highlighting Odisha's pivotal role in the aerospace industry.
Cabinet approves Rs 10,000 crore SME Growth Fund for small and medium enterprises
The Union Cabinet approved a Rs 10,000 crore SME Growth Fund to support micro, small, and medium enterprises. This fund is part of the government's initiative to create champion MSMEs in India. Finance Minister Nirmala Sitharaman outlined various measures to enhance liquidity support and accessibility to risk capital. Additionally, the government allocated Rs 24,566.27 crore to the Ministry of Micro, Small and Medium Enterprises.
Indian Navy to get BrahMos launchers, fire control systems in Rs 661 cr deal
The Ministry of Defence has signed a Rs 661.50 crore contract for BrahMos Fire Control Systems and launchers. The systems will be fitted on Indian Navy warships for maritime strike operations. This contract aims to strengthen India's maritime security and enhance defense capabilities while promoting indigenisation. It includes a minimum indigenous content of 68% and supports participation from Indian industries.
Federation of Indian Airlines seeks Centre's intervention for faster release of ECLGS 5.0 funds
Indian airlines have requested the Civil Aviation Ministry's assistance in securing timely credit disbursements under ECLGS 5.0. The Federation of Indian Airlines aims to alleviate the severe financial strain caused by rising fuel costs and other factors. ECLGS 5.0 provides significant financial relief to eligible airlines impacted by current global disruptions. The scheme is designed to support airlines through short-term liquidity challenges during the ongoing crisis.
UPI MDR: 0.4% charge raises questions over MSME margins, cash flows and digital credit
Industry representatives say merchant size, margins, and the nature of goods should determine the merchant discount rate (MDR), while fintechs flag risks to working capital and digital credit trails.
GST Council may clear sweeping compliance reforms; e-commerce sellers, genuine buyers to get relief
The GST Council will assess various procedural reforms aimed at simplifying tax compliance for businesses. Proposed measures include enabling small e-commerce vendors to register using platform warehouses. Additionally, the input tax credit for genuine buyers will be protected even if suppliers fail to remit tax.
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GVC integration, supply chain resilience, FTAs key to boost exports, high-end manufacturing: Deloitte India
India needs deeper integration into global value chains, lower logistics costs and better use of free trade agreements to boost exports and move into higher-value manufacturing, according to Deloitte India. It also called for stronger supply-chain resilience, tariff rationalisation and greater support for MSMEs facing trade-finance, compliance and currency risks.
Sebi examining position limits for non-agri contracts to boost liquidity
Sebi is actively investigating position limits for non-agricultural contracts to improve market liquidity and depth. Chairman Tuhin Kanta Pandey has highlighted the importance of phased physical settlement for agricultural commodities. The organization is focused on addressing structural issues and increasing technology integration in commodity markets. Furthermore, Sebi plans to expand its educational outreach through Project Jagrook to better inform market participants.
CBAM can help India build a greener, competitive export sector
The EU's Carbon Border Adjustment Mechanism is set to reshape global trade dynamics by prioritizing carbon intensity. Indian exporters must strategize for compliance that extends beyond the current focus on iron and steel. The Indian government is actively supporting small and medium enterprises in achieving these new sustainability benchmarks. To navigate this transition successfully, enhanced funding for carbon accounting and technological advancements is essential.
Government extends RoDTEP export tax refund scheme by three months till December 31
The government has extended the RoDTEP scheme until December 31, 2026, to support exporters amid challenges. This extension maintains the existing reimbursement rates and value caps for various export units. The RoDTEP scheme reimburses taxes and duties that are not refunded through other means, helping ease export costs. It has already covered over 10,700 tariff lines, with substantial disbursements made.
The missing middle in Asia’s finance puzzle: AVPN CEO on MSMEs, capital and capability
From MSME finance and AI skilling to blended capital and climate investment, AVPN CEO Naina Subberwal Batra explains why coordination is becoming critical to Asia’s development agenda.
IMC 2026 to put DeepTech at centre of startup programme ASPIRE
India Mobile Congress 2026 will take place from October 7 to 10 at Yashobhoomi Convention Centre in New Delhi. The event will emphasise DeepTech and frontier technologies to support startups advancing from prototype to market. Over 500 startups and 300 venture capital firms are expected to participate, fostering connections through one-on-one meetings.
The spirit of enterprise: How Jaipur’s MSMEs and startups are reshaping Rajasthan’s global ambitions
Jaipur’s MSMEs and startups are contributing to Rajasthan's economy and strengthening its global exports. To understand the landscape and recognise the people behind the ‘Pink City’s’ enterprises, woven with the rich history of the town, the Economic Times team made a documentary. It is an attempt at highlighting key voices, from industry leaders to grassroots innovators, shaping the city.
India, New Zealand trade pact to boost agri, processed food exports: TPCI
Starting on October 20, the free trade agreement between India and New Zealand is set to boost bilateral commerce. This agreement will significantly lower tariffs on various Indian agricultural exports, such as processed foods and spices.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may be excessive, presenting an opportunity to pick up quality stocks at lower prices. The forthcoming Monetary Policy Committee meeting will clarify the scope of any rate changes. Although there are immediate margin concerns, the overall asset quality in the banking sector remains stable.
Double-engine government in West Bengal poised to witness "golden period" in coming days: Union Minister Jitin Prasada
Prasada stated that the Centre is planning to set up export facility centres in every district across the country so that industrialists can enjoy a seamless experience and greater ease of doing business, rather than having to travel to Delhi.
FM Sitharaman meets AIIB President, suggests expansion of financing beyond physical infra
Finance Minister Nirmala Sitharaman met Asian Infrastructure Investment Bank (AIIB) President Zou Jiayi and suggested the bank expand its focus to include newer infrastructure that centres on AI, MSMEs, and skilling. She reiterated that the bank's regional centrality should continue to remain a defining institutional characteristic and an important anchor of its mandate. Both leaders discussed AIIB's robust pipeline of projects in India and its expanding global presence.
Strong growth for NEDFI during FY 2025–26
NEDFI maintained a strong financial performance during the year, with gross income growing by 4.40% to Rs. 270.82 crore. Interest income increased by 9.73% to Rs. 214.94 crore, while profit before tax stood at Rs. 127.77 crore and net profit at Rs. 92.23 crore.
Bharat Housing Network raises $5 million from Symbiotics under $75 million green bond programme with BII
Bharat Housing Network has secured $5 million in green bonds to enhance financing for clean energy projects. This financing, backed by Symbiotics, will support rooftop solar installations and electric vehicle purchases. The company aims to issue up to $25 million in green bonds by the end of the next financial year. BHN has enabled significant credit for low- and middle-income borrowers and contributed to reducing CO2 emissions.
Credit Saison diversifies into secured, expects it to be 30% of loans by FY27
Credit Saison India is expanding its MSME lending portfolio by increasing secured loans, particularly in Tier 2 and Tier 3 towns. The company plans to raise the proportion of secured loans to 30% by the end of this fiscal year. With a current loan book of Rs 25,000 crore, it aims to open more branches across the country.
Commerce minister Piyush Goyal to visit US for trade talks, G20 ministers’ meeting
Commerce and Industry Minister Piyush Goyal will visit the US from September 29 to October 5 for the G20 Trade Ministers’ meeting and talks with US Trade Representative Jamieson Greer on the India-US bilateral trade agreement.
AI, semiconductors, quantum to drive India's next infrastructure push: FM Sitharaman
Union Finance Minister Nirmala Sitharaman highlighted the need for investment in AI, semiconductor chips, and quantum technology. She stated that strengthening digital infrastructure will support AI adoption across various sectors. Additionally, Sitharaman underscored the importance of providing AI solutions to micro, small, and medium enterprises. She believes that achieving over 10 percent economic growth is possible with greater effort in all sectors.
JSW One Platforms files draft papers for Rs 3,054 crore IPO
JSW One Platforms Ltd has submitted its draft documents to SEBI for a substantial IPO, targeting to generate Rs 3,054 crore. This offering comprises a fresh share issue of Rs 1,300 crore alongside an Offer for Sale totaling Rs 1,754.01 crore. Funds raised will enhance marketing, boost capital, upgrade technology, and support various corporate initiatives.
National Traders’ Welfare Board pushes centralised loan portal, faster MSME credit
The Board called for stronger coordination between the Centre and states to address issues faced by traders and improve the implementation of welfare and business-related measures.
Assam’s greatest resource for industrialisation is its human resource: Finance Minister Jayanta Mallabaruah
Assam's Finance Minister Jayanta Mallabaruah emphasized the role of human resources in driving the state's industrialization efforts. The government is aiming to create quality employment and entrepreneurial opportunities for the youth in Assam. Major investments are being made in sectors such as semiconductors, electronics, and food processing to foster economic growth. Assam's industrial strategy includes enhancing infrastructure and facilitating investment processes to boost development.
MSME lending opportunity seen at Rs 2.4–2.6 lakh crore in H2 2026: FlexiLoans Report
NBFCs to account for Rs 36,000 crore as India’s MSME credit outstanding projected to cross Rs 50 lakh crore by December 2026
M1xchange goes live with CGTMSE guarantee cover for MSME receivables financing
Digital integration enables financiers to assess eligibility, obtain guarantee cover and complete the guarantee process on the TReDS platform
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