Tag: Narayan Rane

  • NCP energy politics | Pawar outage

    Where does the elevation of Supriya Sule and Praful Patel as NCP’s working presidents depart Ajit Pawar? Some assume it’s going to thwart his ambition. Others say he stays the one NCP chief with consummate clout on the bottom

    ISSUE DATE: Jun 26, 2023 | UPDATED: Jun 16, 2023 22:18 IST

    NOT SUCH A BRAVE FRONT: Ajit Pawar at a press convention in Mumbai, June 8. (Photo: ANI)

    The energy battle throughout the Nationalist Congress Party (NCP) took a big activate June 10 when get together supremo Sharad Pawar introduced the appointment of his daughter and Lok Sabha MP Supriya Sule and former Union minister Praful Patel because the working presidents of the get together. With Sule thus anointed as her father’s political inheritor, all eyes are on her mercurial cousin and Maharashtra chief of opposition Ajit Pawar. Ajit refused to remark instantly after his cousin’s appointment because the efficient No. 2 within the NCP. He later denied that he was upset. “I am very content,” he informed the media. “This is unnecessary (speculation).” Ajit additionally tweeted in assist of the newly-appointed functionaries.

    Published By:

    Arindam Mukherjee

    Published On:

    Jun 16, 2023

  • Narayan Rane’s comment towards Uddhav ‘unparliamentary’, however does not promote enmity: Maha courtroom

    By PTI

    MUMBAI: Union minister Narayan Rane being an influential determine within the political area was conscious of the result of his “un­parliamentary” comment made in 2021 towards the then Maharashtra chief minister Uddhav Thackeray, nevertheless it doesn’t quantity to selling enmity underneath provisions of legislation as he didn’t goal any neighborhood, a Justice of the Peace courtroom has mentioned.

    The courtroom in Raigad whereas discharging Rane within the case on Saturday additionally dominated that materials and paperwork on data don’t disclose the existence of all of the substances of offences towards him.

    Therefore, the fees towards the accused are discovered “groundless”, the courtroom mentioned.

    The assertion made by the accused could be mentioned as “controversial and politically insensitive” which isn’t anticipated from an individual who holds the publish of Union minister, it added.

    Chief Judicial Magistrate (Raigad-Alibag) S W Ugale made the observations whereas discharging Rane on Saturday within the case pertaining to his controversial comment towards Thackeray.

    The detailed order was out there on Sunday.

    The courtroom had issued summons to Rane for offences underneath Indian Penal Code Sections 153­A(1­b) (selling enmity between completely different teams), 505(2) statements conducing to public mischief), 504 (Intentional insult with intent to impress breach of the peace), and 506 (felony intimidation) after taking cognisance of the chargesheet filed by Mahad police in Raigad.

    The case towards the BJP chief was registered in 2021.

    The Union minister had mentioned, “It is shameful that the chief minister (Uddhav Thackeray) does not know the year of independence. He leaned back to enquire about the count of years of independence during his speech. Had I been there, I would have given (him) a tight slap.”

    He had claimed Thackeray forgot the 12 months of independence throughout his August 15 tackle to the folks of the state.

    Rane had defended his remarks towards Thackeray, saying he didn’t commit any crime by making the feedback.

    Thackeray had served because the chief minister of Maharashtra from November 2019 to June 2022.

    “Rane allegedly made a statement on the (then) chief minister’s conduct. He didn’t make any statement which was promoting enmity between different groups on the ground of religion, race, place of birth, residence, language, caste or community or any other ground whatsoever,” his lawyer Satish Maneshinde had submitted through the listening to of the discharge utility.

    Furthermore, the alleged assertion was not prone to trigger any disharmony or emotions of enmity, hatred or ill-will between spiritual, racial, language or regional teams or castes or communities, the advocate had argued.

    The case was politically motivated and therefore, dangerous in legislation, Maneshinde had mentioned.

    On the fees of selling enmity between teams and public mischief, the Justice of the Peace courtroom held the accused is a political determine having mass following and never solely that, he’s additionally a Union minister.

    “This is sufficient to say that he is a person of influence and whatever he speaks (he) has knowledge of its reaction. He made an un­parliamentary remark against the then Chief Minister of the State and being an influential figure in the political arena and having long-standing experience in politics, very well knew the outcome of the said word and what will happen thereafter in society,” the Justice of the Peace famous.

    “He is expected to know and perceive the meaning conveyed by the words he spoke. So, whatever statement made by the accused, had been made not only with knowledge, but with intention too and that knowledge and intention can be gathered from the words itself which he uttered in regard to the then chief minister and surrounding circumstances,” the courtroom mentioned.

    According to the prosecution, the phrases utilized by the accused are in respect of the then chief minister, who belongs to a specific political get together which could be understood as a neighborhood for the sake of part 153­A or 505(2) of the IPC, and because of the comment made by the accused there was violence within the society thereafter.

    However, the courtroom mentioned there isn’t a reference of any neighborhood within the assertion made by the accused which the prosecution is attempting to place forth.

    The related Criminal Procedure Code doesn’t enable to presume or assume one thing to stretch the issues to anyhow join or hyperlink the accusation with the accused, it mentioned.

    “Whatever finds in charge­sheet and documents submitted along with it shall be taken into consideration on its face value without stretching imagination. So, there is no targeted and non-targeted group or community in the words spoken by the accused. The very basic requirement to attract the offences punishable under section 153­A and 505(2) of the IPC is missing,” the courtroom mentioned.

    The accused has additionally been chargesheeted underneath IPC part 504 (intentional insult with intent to impress breach of peace).

    The courtroom mentioned this part mandates an individual who has been insulted by the accused should be an aggrieved individual and that individual should be provoked to interrupt the general public peace or to commit offence.

    Here, the phrases uttered by the accused are in respect of the then chief minister.

    Obviously, the one that has occupied that publish won’t break the general public peace or commit any offence nor there’s a case of the prosecution that the insulted individual (the then CM) has brought about to interrupt the general public peace or can commit any offence.

    The informant (complainant) has not been insulted by the accused, due to this fact, he’s not the one that has been insulted and provoked to breach the general public peace.

    Hence he’s not aggrieved individual, throughout the which means of part 504 of IPC, the courtroom mentioned.

    On felony intimidation costs, the courtroom mentioned the alleged menace that “If it was me, I would have slapped him” shouldn’t be a concrete or quick menace within the type of felony intimidation.

    “Threat under the guise of if and then do not fall under this section. The threat should really mean and should be immediate. I will slap him or am going to slap him may be considered as immediate threat and falls under the terminology of ‘criminal intimidation’ but not the so called threat in the form of if and then,” the courtroom mentioned.

    The courtroom dominated that materials and paperwork on data don’t disclose the existence of all of the substances constituting the alleged offences.

    Therefore, the fees towards the accused are discovered “groundless” and he’s entitled for discharge of the mentioned offences, it added.

    MUMBAI: Union minister Narayan Rane being an influential determine within the political area was conscious of the result of his “un­parliamentary” comment made in 2021 towards the then Maharashtra chief minister Uddhav Thackeray, nevertheless it doesn’t quantity to selling enmity underneath provisions of legislation as he didn’t goal any neighborhood, a Justice of the Peace courtroom has mentioned.

    The courtroom in Raigad whereas discharging Rane within the case on Saturday additionally dominated that materials and paperwork on data don’t disclose the existence of all of the substances of offences towards him.

    Therefore, the fees towards the accused are discovered “groundless”, the courtroom mentioned.googletag.cmd.push(operate() googletag.show(‘div-gpt-ad-8052921-2’); );

    The assertion made by the accused could be mentioned as “controversial and politically insensitive” which isn’t anticipated from an individual who holds the publish of Union minister, it added.

    Chief Judicial Magistrate (Raigad-Alibag) S W Ugale made the observations whereas discharging Rane on Saturday within the case pertaining to his controversial comment towards Thackeray.

    The detailed order was out there on Sunday.

    The courtroom had issued summons to Rane for offences underneath Indian Penal Code Sections 153­A(1­b) (selling enmity between completely different teams), 505(2) statements conducing to public mischief), 504 (Intentional insult with intent to impress breach of the peace), and 506 (felony intimidation) after taking cognisance of the chargesheet filed by Mahad police in Raigad.

    The case towards the BJP chief was registered in 2021.

    The Union minister had mentioned, “It is shameful that the chief minister (Uddhav Thackeray) does not know the year of independence. He leaned back to enquire about the count of years of independence during his speech. Had I been there, I would have given (him) a tight slap.”

    He had claimed Thackeray forgot the 12 months of independence throughout his August 15 tackle to the folks of the state.

    Rane had defended his remarks towards Thackeray, saying he didn’t commit any crime by making the feedback.

    Thackeray had served because the chief minister of Maharashtra from November 2019 to June 2022.

    “Rane allegedly made a statement on the (then) chief minister’s conduct. He didn’t make any statement which was promoting enmity between different groups on the ground of religion, race, place of birth, residence, language, caste or community or any other ground whatsoever,” his lawyer Satish Maneshinde had submitted through the listening to of the discharge utility.

    Furthermore, the alleged assertion was not prone to trigger any disharmony or emotions of enmity, hatred or ill-will between spiritual, racial, language or regional teams or castes or communities, the advocate had argued.

    The case was politically motivated and therefore, dangerous in legislation, Maneshinde had mentioned.

    On the fees of selling enmity between teams and public mischief, the Justice of the Peace courtroom held the accused is a political determine having mass following and never solely that, he’s additionally a Union minister.

    “This is sufficient to say that he is a person of influence and whatever he speaks (he) has knowledge of its reaction. He made an un­parliamentary remark against the then Chief Minister of the State and being an influential figure in the political arena and having long-standing experience in politics, very well knew the outcome of the said word and what will happen thereafter in society,” the Justice of the Peace famous.

    “He is expected to know and perceive the meaning conveyed by the words he spoke. So, whatever statement made by the accused, had been made not only with knowledge, but with intention too and that knowledge and intention can be gathered from the words itself which he uttered in regard to the then chief minister and surrounding circumstances,” the courtroom mentioned.

    According to the prosecution, the phrases utilized by the accused are in respect of the then chief minister, who belongs to a specific political get together which could be understood as a neighborhood for the sake of part 153­A or 505(2) of the IPC, and because of the comment made by the accused there was violence within the society thereafter.

    However, the courtroom mentioned there isn’t a reference of any neighborhood within the assertion made by the accused which the prosecution is attempting to place forth.

    The related Criminal Procedure Code doesn’t enable to presume or assume one thing to stretch the issues to anyhow join or hyperlink the accusation with the accused, it mentioned.

    “Whatever finds in charge­sheet and documents submitted along with it shall be taken into consideration on its face value without stretching imagination. So, there is no targeted and non-targeted group or community in the words spoken by the accused. The very basic requirement to attract the offences punishable under section 153­A and 505(2) of the IPC is missing,” the courtroom mentioned.

    The accused has additionally been chargesheeted underneath IPC part 504 (intentional insult with intent to impress breach of peace).

    The courtroom mentioned this part mandates an individual who has been insulted by the accused should be an aggrieved individual and that individual should be provoked to interrupt the general public peace or to commit offence.

    Here, the phrases uttered by the accused are in respect of the then chief minister.

    Obviously, the one that has occupied that publish won’t break the general public peace or commit any offence nor there’s a case of the prosecution that the insulted individual (the then CM) has brought about to interrupt the general public peace or can commit any offence.

    The informant (complainant) has not been insulted by the accused, due to this fact, he’s not the one that has been insulted and provoked to breach the general public peace.

    Hence he’s not aggrieved individual, throughout the which means of part 504 of IPC, the courtroom mentioned.

    On felony intimidation costs, the courtroom mentioned the alleged menace that “If it was me, I would have slapped him” shouldn’t be a concrete or quick menace within the type of felony intimidation.

    “Threat under the guise of if and then do not fall under this section. The threat should really mean and should be immediate. I will slap him or am going to slap him may be considered as immediate threat and falls under the terminology of ‘criminal intimidation’ but not the so called threat in the form of if and then,” the courtroom mentioned.

    The courtroom dominated that materials and paperwork on data don’t disclose the existence of all of the substances constituting the alleged offences.

    Therefore, the fees towards the accused are discovered “groundless” and he’s entitled for discharge of the mentioned offences, it added.

  • ‘What are PM, FM hiding’: Congress on Narayan Rane’s ‘recession’ remarks

    By PTI

    NEW DELHI: What are the prime minister and the finance minister hiding from the nation, Congress chief Jairam Ramesh requested on Tuesday after Union minister Narayan Rane indicated that India might face an financial slowdown after June.

    The minister for Micro, Small and Medium Enterprises (MSME) instructed reporters in Pune on Monday that if India faces an financial recession, it would occur solely after June, however the Centre was making all efforts to keep away from such a state of affairs.

    He mentioned developed international locations had been already going through an financial downturn.

    “Narayan Rane, Union Cabinet Minister of MSMEs – that have been destroyed since 2014 – forecasts recession in India after 6 months. He said this in Pune to a G20 gathering. What are the PM (Narendra Modi) & FM (Nirmala Sitharaman) hiding from the country?” Ramesh requested on Twitter.

    Rane’s feedback got here after inaugurating the G20’s 1st Infrastructure Working Group (IWG).

    India presently holds the presidency of the G20 grouping.

    “As I am in the Cabinet, some information is available to us and whatever advice we get from PM Modiji (Prime Minister Narendra Modi), on that basis, we can say that there is an economic recession in big countries. It is a reality,” he instructed reporters.

    “To ensure India is not impacted or to stop (the economic slowdown), which is expected to come after June. Modiji and the Centre are making efforts to ensure the people of the country are not impacted by the slowdown,” Rane mentioned.

    OPINION | India’s problem because the world slips into recession

    India is about to lose its fastest-growing main financial system tag this yr going by the 7 per cent GDP growth projected by the Statistics Ministry within the fiscal yr ending March, that is on the again of weakening demand at residence and overseas.

    That progress charge might be second solely to Saudi Arabia’s anticipated 7.6 per cent progress.

    While India’s industrial exercise reverted to expansionary territory with the November 2022 Index of Industrial Production (IIP) posting an annualized progress of seven.1 per cent vis-à-vis a contraction of 4.2 per cent within the earlier month, international headwinds led to exports contracting by 12.2 per cent to USD 34.48 billion in December.

    NEW DELHI: What are the prime minister and the finance minister hiding from the nation, Congress chief Jairam Ramesh requested on Tuesday after Union minister Narayan Rane indicated that India might face an financial slowdown after June.

    The minister for Micro, Small and Medium Enterprises (MSME) instructed reporters in Pune on Monday that if India faces an financial recession, it would occur solely after June, however the Centre was making all efforts to keep away from such a state of affairs.

    He mentioned developed international locations had been already going through an financial downturn.

    “Narayan Rane, Union Cabinet Minister of MSMEs – that have been destroyed since 2014 – forecasts recession in India after 6 months. He said this in Pune to a G20 gathering. What are the PM (Narendra Modi) & FM (Nirmala Sitharaman) hiding from the country?” Ramesh requested on Twitter.

    Rane’s feedback got here after inaugurating the G20’s 1st Infrastructure Working Group (IWG).

    India presently holds the presidency of the G20 grouping.

    “As I am in the Cabinet, some information is available to us and whatever advice we get from PM Modiji (Prime Minister Narendra Modi), on that basis, we can say that there is an economic recession in big countries. It is a reality,” he instructed reporters.

    “To ensure India is not impacted or to stop (the economic slowdown), which is expected to come after June. Modiji and the Centre are making efforts to ensure the people of the country are not impacted by the slowdown,” Rane mentioned.

    OPINION | India’s problem because the world slips into recession

    India is about to lose its fastest-growing main financial system tag this yr going by the 7 per cent GDP growth projected by the Statistics Ministry within the fiscal yr ending March, that is on the again of weakening demand at residence and overseas.

    That progress charge might be second solely to Saudi Arabia’s anticipated 7.6 per cent progress.

    While India’s industrial exercise reverted to expansionary territory with the November 2022 Index of Industrial Production (IIP) posting an annualized progress of seven.1 per cent vis-à-vis a contraction of 4.2 per cent within the earlier month, international headwinds led to exports contracting by 12.2 per cent to USD 34.48 billion in December.

  • Narayan Rane strikes HC in opposition to BMC discover on ‘unlawful’ alterations in Mumbai bungalow

    By PTI

    MUMBAI: Union minister Narayan Rane on Monday approached the Bombay High Court difficult the notices issued to him and his household by the Mumbai civic physique over the alleged unauthorised alterations made in his bungalow in suburban Juhu.

    Rane has sought to quash the notices (February 25, March 4 and March 16, 2022) issued by the Brihanmumbai Municipal Corporation (BMC) and the orders handed by the designated officer of the company, terming it as “perverse, illegal and in violation of his fundamental rights”.

    The plea was talked about for pressing listening to on Monday earlier than a division bench headed by Justice A A Sayed by Rane’s advocate Amogh Singh.

    The bench mentioned it could hear the petition on Tuesday.

    The Shiv Sena-controlled BMC had final week issued a discover to Rane, a BJP MP, directing him to take away the alterations made to the bungalow ‘Adish’.

    The civic physique mentioned if the alterations weren’t eliminated, it could be compelled to demolish the identical and get better the fees from the proprietor.

    Rane’s petition claimed that the BMC discover has been issued within the title of an organization ‘Artline Properties Pvt Ltd’, which was amalgamated and merged with one other firm through which Rane and his household held shares.

    Being the beneficiary house owners of the corporate, Rane and his household resided within the ‘Adish’ Bungalow however because the premises have been owned by the corporate, the petition was being filed via the corporate, the plea acknowledged.

    It added that the primary discover was despatched on February 25, within the title of the house owners/occupiers to indicate trigger how the alleged unauthorised additions/ modifications in utilization of the premises weren’t in contravention to the authorised plans.

    Rane’s spouse Neelam Rane and son Nilesh Rane, erstwhile administrators of Artline Properties, responded to the discover highlighting the “malafide intention”.

    The reply acknowledged that the discover had been issued after 9 years of completion of the constructing.

    Following this, the erstwhile administrators have been known as for a listening to earlier than the BMC officer.

    Meanwhile, a second discover was issued on March 4, 2022.

    Simultaneously, the corporate additionally made an software for retention of parts of the premises alleged to be in a violation by making cost of Rs 8,790 as stipulated by BMC.

    The petition mentioned that within the software, the corporate had clarified that there was no contravention of any regulation and all the premise was throughout the permissible FSI (Floor Space Index) restrict.

    Despite this, the BMC’s designated officer handed an order primarily based on the primary discover directing the alleged unauthorised work to be faraway from the premises inside 15 days.

    Thereafter the second scheduled listening to additionally occurred and the second equivalent order was handed.

  • Mumbai: Union minister Narayan Rane, son quizzed by police in Disha Salian case

    By PTI

    MUMBAI: Union minister Narayan Rane and his MLA son Nitesh Rane have been quizzed by the police right here for a number of hours on Saturday in reference to a case registered in opposition to them for allegedly making slanderous and deceptive statements concerning the loss of life of Disha Salian, late actor Sushant Singh Rajput’s former supervisor.

    Rane and his son, each BJP leaders, arrived on the Malvani police station within the western suburbs round 1.45 pm, and left round 10.45 pm, 9 hours later.

    The Union minister’s supporters thronged outdoors the police station when he arrived.

    The Malvani police had earlier despatched a discover to Nitesh Rane to seem earlier than the investigating officer on Thursday.

    His father was requested to seem on Friday.

    But their attorneys had mentioned that because the state legislature was in session, the 2 leaders would seem earlier than the police on Saturday.

    A court docket right here on Friday had granted interim safety from arrest until March 10 to each Union minister Rane and his son.

    The Ranes had filed anticipatory bail functions earlier than the Dindoshi classes court docket in suburban Malad fearing arrest within the case.

    According to the FIR registered by Malvani police, Union MSME minister Rane made sure remarks about Disha Salian’s loss of life at a press convention on February 19 the place his son was additionally current.

    Salian allegedly dedicated suicide by leaping off a high-rise in suburban Malad on June 8, 2020, six days earlier than actor Rajput (34) was discovered hanging at his house in suburban Bandra.

    Speaking to reporters after leaving the police station on Saturday evening, Narayan Rane claimed that after the deaths of Salian and Rajput, Maharashtra Chief Minister Uddhav Thackeray known as him twice and requested him to not speak about Salian’s loss of life.

    Officials from the chief minister’s workplace or spokespersons of the Shiv Sena, Thackeray’s social gathering, weren’t accessible for feedback instantly.

    Narayan Rane, a former Shiv Sena chief himself, turned a bitter critic of Uddhav Thackeray after falling out with him and leaving the social gathering in 2005.

  • Union Minister Narayan Rane, his son attain police station in Mumbai to document assertion in Disha Salian defamation case

    By PTI

    MUMBAI: Union Minister Narayan Rane and his MLA son Nitesh Rane reached Malvani police station right here on Saturday to document their statements in reference to the case registered towards them for allegedly making defamatory remarks and spreading false details about Disha Salian, late actor Sushant Singh Rajput’s former supervisor, an official stated.

    Large variety of Rane’s supporters gathered and shouted slogans outdoors the police station within the western suburbs, because the BJP chief and his son arrived there round 1.45 pm, the official stated.

    The duo will document their assertion earlier than the investigating officer within the case, he stated.

    The Malvani police had earlier despatched a discover to Nitesh Rane to seem earlier than the investigating officer on Thursday and his father on Friday, however they knowledgeable the police, by their lawyer, that because the state legislature is in session and they’d desire to satisfy their duties on the given dates and seem earlier than the police on Saturday, he stated.

    A courtroom right here on Friday had granted interim safety from arrest until March 10 to the father-son duo, who had filed an anticipatory bail earlier than the Dindoshi periods courtroom in suburban Malad fearing arrest within the case.

    According to the FIR registered by Malvani police, some remarks had been made by the Union minister on February 19 in a press convention, the place his son was additionally current.

    During the press convention, the minister had made sure claims concerning Salian’s dying.

    Salian had allegedly dedicated suicide by leaping off a high-rise in suburban Malad on June 8, 2020, six days earlier than actor Rajput (34) was discovered hanging at his residence in suburban Bandra.

  • ‘Covid impact: 67% MSMEs temporarily shut in FY21, over half lost 25% revenue’

    Two-thirds of Micro, Small and Medium Enterprises (67 per cent) in India had been briefly shut for 3 months or extra in FY21 and over half of all MSMEs noticed a decline of over 25 per cent in revenues, in line with a survey of 1,029 enterprises by Small Industries Development Bank of India (SIDBI).
    The survey report was tabled in Parliament by MSME Minister Narayan Rane. The MSME Ministry had assigned the survey to SIDBI in September as a part of efforts to evaluate the financial impression of the pandemic on MSMEs and the impact of the change in classifications. The Centre had, in June 2020, as a part of its Covid reduction bundle, revised thresholds for the classification of MSMEs upwards. Under the brand new classification, manufacturing and providers items with funding of as much as Rs 1 crore and turnover of as much as Rs 5 crore are categorized as micro companies, companies with funding of as much as Rs 10 crore and turnover of as much as Rs 50 crore are categorized as small enterprises whereas items with funding of as much as Rs 50 crore and turnover of as much as Rs 250 crore are categorized as medium enterprises.
    About 66 p.c of respondents within the survey reported a decline in profitability on account of steady mounted prices and decline in income throughout FY2021 fiscal in line with the reply tabled in parliament by Rane. About 65 p.c of the MSMEs surveyed, availed credit score underneath the federal government’s Emergency Credit Line Guarantee Scheme (ECLGS) which supplied banks and monetary establishments a one hundred pc assure in opposition to any losses suffered by them on account of non-repayment of the ECLGS loans by debtors. At the top of 2021 the federal government had issued ensures on loans of Rs 2.88 lakh crore underneath the ECLGS.

    The research additionally discovered that about 36 per cent of MSMEs surveyed had additionally availed loans underneath the Credit Guarantee Fund belief for Micro and Small Enterprises scheme throughout FY2021.
    An on-line research by the National Small Industries Corporation had discovered that liquidity points, contemporary orders, availability of labour, logistics points and availability of uncooked supplies had been the issues most cited by MSMEs in the course of the pandemic.

  • Report in Parliament: Over half of surveyed MSMEs noticed a 25% income dip in 2021

    Two-thirds of Micro, Small and Medium Enterprises (MSMEs) in India have been shut for a interval of three months or extra in FY2021 and over half of all MSMEs noticed a decline of over 25 per cent in revenues, in line with a survey of 1,029 such industries by Small Industries Development Bank of India (SIDBI).
    The survey report was tabled in Parliament by MSME minister Narayan Rane. The MSME ministry had assigned the survey to SIDBI in September 2021 as a part of efforts to evaluate the financial impression of Covid-19 on MSMEs and to evaluate the impression of the change in MSME classification.

    The Centre had in June 2020 as a part of its Covid reduction bundle revised thresholds for the classification of MSMEs. Under the brand new classification, manufacturing and companies items with funding of as much as Rs 1 Crore and turnover of as much as Rs 5 crore are labeled as micro companies, companies with funding of as much as Rs 10 crore and turnover of as much as Rs 50 crore are labeled as small enterprises whereas items with funding of as much as Rs 50 crore and turnover of as much as Rs 250 crore are labeled as medium enterprises.
    About 66 per cent of respondents within the survey reported a decline in profitability on account of steady fastened prices and decline in income throughout FY2021 fiscal, in line with the reply tabled in parliament by Rane. About 65 per cent of the MSMEs surveyed availed credit score below the federal government’s Emergency Credit Line Guarantee Scheme (ECLGS), which offered banks and monetary establishments a 100 per cent assure in opposition to any losses suffered by them as a result of non-repayment of the ECLGS loans by debtors.

    The examine additionally discovered that about 36 per cent of MSMEs surveyed had additionally availed loans below the Credit Guarantee Fund belief for Micro and Small Enterprises scheme throughout FY2021.

  • Arun Pathak, who shaved a Nepali youth, mentioned that if Rane beheaded, then a reward of 51 lakhs!

    HighlightsVaranasi police is on the lookout for Arun Pathak for a number of months, accused of shaving the pinnacle of a Nepali youth, informed absconding and promoting tickets in blackAbhishek Kumar Jha, Varanasi: Politics intensifies on Union Minister Narayan Rane’s assertion slapping Chief Minister Uddhav Thackeray Has been. One after the opposite the statements of the leaders are popping out. At the identical time, now Arun Pathak, a former Shiv Sena office-bearer from Varanasi and at the moment operating the group within the title of Vishwa Hindu Sena, has additionally jumped into this matter. Arun Pathak has introduced a money reward of Rs.51 lakh for the one that beheaded Narayan Rane. . Arun Pathak, who’s absconding as soon as once more, has given an open problem to the Varanasi Commissionerate Police. Announced on Facebook Arun Pathak in protest towards Union Minister Narayan Rane for making controversial statements like slapping Maharashtra Chief Minister Uddhav Thackeray on his Facebook account written. Arun Pathak wrote on Facebook that the picketer and ticket vendor who was offered in black was mercifully made Shiv Sainik by Balasaheb. He was additionally made the Chief Minister. He did shoddy work, attacked Balasaheb’s son to get low-cost recognition. Such a person ought to be beheaded and I’ll give a reward of 51 lakhs to those that accomplish that. As quickly because the submit turned viral, Arun Pathak, who’s operating a rage, is continually posting lively on social media. At current, Police Commissioner A. When NBT Online wished to speak to Satish Ganesh concerning motion, he didn’t give any reply on this topic. That on 16 July 2020, in protest towards the assertion on Ayodhya and Shri Ram given by the Nepalese President, Arun Pathak and plenty of others collectively raised slogans of Jai Shri Ram to a Nepali youth dwelling in Jal Sansthan Varanasi on the banks of the Ganges. Arun Pathak, the nationwide president of the World Hindu Organization, is absconding since this incident. .

  • MSME minister launches new khadi merchandise — child put on, ‘use and throw’ slippers

    Union Minister for Micro, Small and Medium Enterprises (MSME) Narayan Rane on Thursday launched a spread of khadi merchandise at Khadi India’s flagship showroom in New Delhi, together with child put on and handmade paper slippers.
    The merchandise included sleeveless vests (jhablas), frocks, bloomers and nappies for newborns and kids as much as two years. The materials is 100 per cent hand-spun and handwoven cotton material that’s tender and delicate to the pores and skin of kids, and prevents them from getting rashes or pores and skin irritation.
    The minister additionally launched handmade paper “use and throw” slippers, which have been developed for the primary time in India. These are 100 per cent eco-friendly and cost-effective. The handmade paper utilized in making these slippers is totally wood-free and made from pure fibres like cotton and silk rags and agro-waste. These slippers are weightless and finest fitted to journey and indoor utilization, like at residence, lodge rooms, hospitals, locations of worship and laboratories, and so forth.
    According to the Khadi and Village Industries Commission (KVIC), the Khadi cotton child put on is priced uniformly at Rs 599 per piece, whereas the slippers value Rs 50 per pair.
    Rane, who took cost of the ministry this week, emphasised on manufacturing of eco-friendly and sustainable merchandise.
    “Khadi products have huge potential, and aggressive marketing can help create awareness among people. It should be affordable keeping in mind all segments of people,” Rane mentioned, including, “KVIC should explore all possible measures to generate more employment opportunities for youths.”
    KVIC Chairman V Okay Saxena mentioned, “Developing new innovative products to support rural and traditional industries and livelihood of Khadi artisans has been the constant endeavour of KVIC.”