The Reserve Bank of India (RBI) on Monday announced amendments to its lending directions for the micro, small and medium enterprises (MSME) sector, raising the collateral-free loan limit for micro and small enterprises (MSEs) to Rs 20 lakh in a move aimed at improving access to institutional credit for smaller businesses.
The Ministry of External Affairs (MEA) on Tuesday said that French President Emmanuel Macron will undertake a three-day visit to India from February 17. During the official visit, Macron will hold wide-ranging talks with Prime Minister Narendra Modi besides attending the AI Impact summit. Both the leaders will hold discussions on strengthening bilateral cooperation across a wide spectrum of areas, the MEA said.
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Political discourse intensified on Tuesday after the unexpected alliance between the Bharatiya Janata Party (BJP) and Shiv Sena (UBT) in the Chandrapur Municipal Corporation during the mayoral election. UBT leader Sunil Prabhu reacted to the development, stating, “Supporting the BJP in the Chandrapur mayor election was a decision taken by the local leaders. Party leaders will discuss with them why they did so. We will think about how to ensure such incidents do not occur in the future or whether the decision can be reversed.” His remarks show the evident displeasure within UBT over the local-level political adjustment that has surprised many within the Maha Vikas Aghadi (MVA) fold.
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