Eight toy manufacturing clusters worth Rs 2,300 crore approved

New Delhi: The government has approved eight toy manufacturing clusters at a cost of Rs 2,300 crore to boost India’s traditional toys industry. These clusters will manufacture toys made of wood, lac, palm leaves, bamboo and fabric. The Department for Promotion of Industry and Internal Trade (DPIIT) and the Ministry of Micro, Small and Medium […]

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NBFCs staring at a sharp rise in NPAs this fiscal: Crisil

Mumbai: Challenges posed by the Covid 19 pandemic this fiscal is likely to increase stressed loans for non-banking financial companies (NBFCs) to the highest in 12 years, Crisil said. The rating agency expects stressed loans to rise to between Rs 1.5 lakh crore-Rs 1.8 lakh crore or 6% to 7.5% of the assets under management […]

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