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Domestic stock markets managed to register a second straight weekly gain as weakness in banking stocks offset strength in IT shares. The S&P BSE Sensex index and the broader NSE Nifty benchmark climbed 115.89 points - or 0.28 per cent - and 15.1 points - or 0.12 per cent - for the week. In the previous week, the benchmark indices had soared 1,406.32 points (3.54 per cent) and 436.5 points (3.74 per cent) respectively, following Budget announcements which some analysts say may support the economy in the long run.Overall trend in the markets was negative, with only select stocks helping…

Finance Minister Nirmala Sitharaman said on Saturday that the government is monitoring farm credit given by banks in rural areas, adding that she expects to meet the increased target of Rs 15 lakh crore for the next fiscal.The government in Budget 2020-21 has raised the farm loan disbursal target by 11 per cent to Rs 15 lakh crore for the next fiscal and allocated Rs 1.6 lakh crore to implement various plans in agriculture and allied sectors as it chases the goal of doubling farmers' income by 2022.The government has allocated Rs 75,000 crore for the PM-KISAN scheme for the…

The government may take action in terms of encashing the bank guarantees of telecom service providers (TSPs) in case they "immediately" fail to pay their spectrum usage charges and the licence fees in compliance with the Supreme Court order of October 24 last year.In letters to different telecom circles, the zonal telecom units of the Department of Telecom (DoT) have not explicitly raised the issue of encashment of bank guarantees in the communications to the telecom service providers, but mentioned "necessary action under the Licensing Agreement without any further notice" which indicates towards two courses of action -- either encashment…

MSME plays a vital role in economic structure and employment generation of West Bengal. West Bengal accounted for 11.62% of Micro Small & Medium Enterprises and holds the 2nd Position in the Country. West Bengal has highest number of MSME in the country with 52,69,814 nos. of Units.The West Bengal Small Industries Development Corporation Ltd was established in the year 1961 under the aegis of MSME Department with the sole objective of promotion infrastructure and extending marketing support to the MSME having low investment capacity and but high potential in respect to employment generation. Over the years WBSIDCL has been…