According to the Ministry of Micro, Small & Medium Enterprises, there were over 7.9 million micro, small, and medium-sized businesses (MSMEs) in India as of March 27, 2022. They have a finance shortfall that can end up being their fatal flaw. The majority of MSMEs (nearly 7.5 million) are micro-organizations, followed by roughly 350,000 small firms and 35,773 medium-sized enterprises. The total credit gap in the MSME sector was estimated to be between US$ 20-25 trillion in the UK Sinha Committee study from 2019. A “growth capital gap” results from the credit gap, particularly for innovative and fast-growing MSMEs looking…
Author: Editor's Desk, Tattva News
Philippine authorities ordered the shutdown of independent news organization Rappler and the blocking of news websites Bulatlat and Pinoy Weekly. Maria Ressa, co-founder, CEO and executive editor of Rappler on Tuesday. Ressa, who is a 2021 Nobel Peace Prize laureate and the 2018 recipient of CPJ’s Gwen Ifill Press Freedom Award, and her news organization face a sustained campaign of legal persecution, which has also targeted her colleagues. In June alone, prosecutors threw out 28 cases of cyber libel against Rappler that had been filed since January. The Philippine Securities and Exchange Commission (SEC) order revoking Rappler’s license to operate is the first of its kind in history – both for the Commission…
A day after Uddhav Thackeray resigned as Maharashtra chief minister, all eyes are now on former chief minister and BJP floor leader Devendra Fadnavis on the formation of the next government. Now all are keenly watching Raj Bhavan to see when does Governor Bhagat Singh Koshyari invite the BJP to form the next government in the state. The process for the change of regime in the state, which began with the rebellion of around 40 of 55 Shiv Sena MLAs under Eknath Shinde’s leadership, got a boost after BJP leader Devendra Fadnavis met Koshyari on Tuesday night and asked him…
Maharashtra Chief Minister Uddhav Thackeray submitted his resignation on Wednesday night soon after the Supreme Court refused to stay the Governor’s order for a floor test in the Assembly on Thursday. In an emotionally-charged Facebook address, Thackeray announced his resignation from “I had come (to power) in an unexpected manner and I am going out in a similar fashion. I am not going away forever, I will be here, and I will once again sit in Shiv Sena Bhawan. I will gather all my people,” Thackeray said. He thanked NCP supremo Sharad Pawar and Congress president Sonia Gandhi for their…
There has been a change in the rules of Tatkal tickets in Railways from July 1. Ticket booking will be done for AC coach from 10 am to 11 am, while Sleeper coach will be booked from 11 am to 12 pm. The hassle of waiting list will end. Passengers will be given the facility of confirmed tickets in Suvidha trains run by the Railways. On cancellation of Tatkal tickets from 1st July, 50% amount will be refunded. Paperless ticketing facility is being started in Rajdhani and Shatabdi trains from July 1. After this facility, paper tickets will not be…
Nearly 87% of Indian firms are expected to increase their annual artificial intelligence (AI) spending by more than 10% in the next three years, and approximately 80% of the firms have at least one AI model in production, indicating an extensive penetration of AI/machine learning (ML) across enterprises. According to a survey conducted by Bain & Company, Microsoft, and the Internet and Mobile Association of India (IAMAI), 64% of providers also use AI/ML as a core component for many of their products, compared to 56% of their global counterparts. Furthermore, more than 90% of the digital native companies in consumer packaged goods…
India shipped 13,69,264 MT of seafood worth Rs 57,586.48 crore (USD 7.76 billion) during 2021-22, despite heavy odds. During the FY 2021-22, the export improved in rupee term by 31.71%, in USD terms by 30.26% and in quantity terms by 19.12%. In 2020-21, India had exported 11,49,510 MT of seafood worth Rs 43,720.98 crore (USD 5,956.93 million). K N Raghavan, Chairman, Marine Products Export Development Authority (MPEDA), said India managed to do all time high exports export worth US$ 7.76 billion with volume of 13,69,264 MT of seafood, despite the several challenges in its major export markets caused by the…
More than 50 thousand visitors visited the Pradhanmantri Sangrahalaya in 2 months since inauguration from across the India and the World. Pradhanmantri Sangrahalaya that was opened to the public on 21 April 2022 has received overwhelming response. Within two months of opening, the Sangrahalaya has been visited by important dignitaries including Ram Nath Kovind, President of India; M. Venkaiah Naidu, Vice President; Chief Justice of India; Speaker, Lok Sabha; Members of the Union Council of Ministers; Governors of various states; Chief Ministers; judges of the Supreme Court; Chief Justices of High Courts; and Lieutenant Governors and Administrators of Union Territories.…
From July 1, India is going to ban certain items that are defined as single-use plastics. Commenting on the ban taking effect from coming Friday, Sunita Narain, director general, Centre for Science and Environment (CSE), said: “Even as we believe that this ban is too limited, we have to admit that it is a critical step towards controlling the menace. We do not need to be warned about the problem. We live it every day. Our cities are littered with non-biodegradable plastic material, and it is greatly adding to environmental stress and degradation.” In an August 2021 notification, the Union…
Over ten days long political stalemate in Maharashtra is likely to be ended by month-end with the Governor Bhagat Singh Koshyari directing the Maharashtra Legislature Secretary to hold a floor test of Chief Minister Uddhav Thackeray-led Maha Vikas Aghadi (MVA) government at 11am on Thursday. This direction was given immediately after BJP floor leader and former chief minister Devendra Fadnavis met his last night informing Uddhav Thackeray government has lost majority and sought to conduct floor test. He met the Governor while returning from New Delhi, where he met party chief JP Nadda and Home Minister Amit Shah. This is…