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August 18, Saturday 2018 12:11 PM       

       HEADLINES: Rescue operations intensified, more to be shifted to relief camps                                              Red alert declared in 13 districts except Kasargod, chances of heavy rains                                              Modi to visit state to take stock of flood situation                                              250 boats, 23 helicopters added for rescue operations; situation under control: CM                                              Stranded people will be rescued by today itself, 164 dead: CM                                              SC directs reducing water level at Mullaperiyar dam by three feet                                              Godavari river in spate in AP/Telangana                                              'Bharat Ratna' Atal Bihari Vajpayee cremated with state honour                                              US newsrooms to Trump: We're not enemies of the people                                              Imran Khan elected as Pakistan's new prime minister                                              I'm not out there to prove anything, asserts Sushil                                              Kaumudi Facebook
       BUSINESS Next Article: Patanjali aims to increase farmers' income tenfold: Acharya Balkrishna  
       India gets its first MSE sentiment index
 
         Posted on :09:32:01 Feb 4, 2018
   
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       Last edited on:12:35:31 Feb 4, 2018
         Tags: India gets its first MSE sentiment index
 

NEW DELHI: Finance Minister Arun Jaitley has launched CriSidEx, India's first sentiment index for micro and small enterprises (MSEs) developed jointly by credit rating body CRISIL and Small Industries Development Bank of India (SIDBI) here.

CriSidEx is a composite index based on a diffusion index of eight parameters and measures MSE business sentiment on a scale of zero (extremely negative) to 200 (extremely positive).

CriSidEx will have two indices, one for the survey quarter and another for the next quarter once a trend emerges after few rounds of the survey, providing independent time series data.

Delivering his keynote address, the Finance Minister said: "The health of MSME sector is extremely vital to the economy and with the number of steps taken by the government in the past two years, there is an increased integration of MSME sector into the formal economy."

"MSME sector is the backbone of the economy. It is one of the largest employers in the country and with the vast population where employment either in government or in the large industry itself has limited potential. This is one sector where people not only exhibit their entrepreneurial skills, become part of large value chains but also become job creators in the process. And that is the reason why a bulk of the jobs in manufacturing, trading have been created in this particular sector," the Finance Minister added.

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       BUSINESS
Next Article: Patanjali aims to increase farmers' income tenfold: Acharya Balkrishna
 
 
BUSINESS HEADLINES
Sensex surges 284 pts, Nifty hits new high  
Gold eases, silver recovers on subdued demand  
Comfortable forex reserves to deal with undue Re volatility: Jaitley  
Positive growth in steel sector, trend to continue: Tata Steel  
Global Indian Solutions to address $900B NRI assets market in India  
DLF to offer only completed flats; to remove delivery uncertainty  
Adani walks away with gas rights for 21 cities; BPCL bags 11 cities  
India Cements Q1 net profits slips to Rs 21.03 cr  
Microsoft boss Nadella rakes in USD 35 million in share sale  
Odisha likely to put up 18 mines for auction this year: Mukim  
Erdogan says Turkey 'won't lose economic war' after lira crash  
Odisha likely to put up 18 mines for auction this year: Mukim  
US dollar ends sharply higher against rupee  
"Ligne Roset" is all set to cover North Indian market through India's premium furniture brand IOTA  
JP Morgan-CIIE to set up Financial Inclusion Lab  
Adani Power net loss widens to Rs 825 cr in Apr-Jun qtr  
Ola to launch its UK operations with ride-sharing offerings in South Wales, Greater Manchester  
Indra Nooyi to step down as PepsiCo CEO  
Paper Industry aims to rectify misconceptions about paper usage  
Sensex hits record high, Nifty breaches 11,400 mark  
GST slabs may reduce to 3 in long-term: Sanjeev Sanyal  
Lankan govenment reworking MoU on airport deal with India  
Indian carriers need $50 bn to buy planes over 10 yrs: Report  
GST slabs may reduce to three in long-term: Sanjeev Sanyal  
Goibibo now enables users to login via WhatsApp  
 
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