In recently held FICCI CMSME National Conference 2024′, Dr Rajneesh, Additional Secretary and Development Commissioner (MSME), Ministry of MSME, Govt of India said that government has bridged a large gap in formalization of MSMEs in the last few years. He added that many MSMEs need to register with the government, and it was estimated that there were around 6.5-7 crore MSMEs in India economy and only 1.63 crore MSMEs were registered till last year with the government. The government started concerted drive jointly with state governments and industry associations. As on date, the total number of registered MSMEs with the ministry in more than 1 year has increased from 1.65 crore to 5 crore bridging the large formalization gap, he noted.

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Jubilant Pharmova share price rose as much as 4.2 per cent, touching its all time high at Rs 1060.15 per share on the BSE in early hours of Wednesday’s intraday deals

The dollar index slipped below 101 mark on Wednesday as investors turned cautious ahead of US inflation report that could impact the outlook for interest rates ahead of the Federal Reserve’s monetary policy meeting next week. The Labor Department is scheduled to release reports on consumer and producer price inflation in the month of August on Wednesday and Thursday, respectively. Markets also closely monitored the first debate between US presidential candidates Kamala Harris and Donald Trump ahead of the November election. The yield on the benchmark ten-year note, which moves opposite of its price, slid 5.1 basis points to 3.646 percent. The dollar index that measures the greenback against a basket of currencies is quoting at 100.98, down 0.28% on the day.