Union Budget presented by Finance Minister Nirmala Sitharaman is MSME-friendly: B.A. Nazeer
Mangaluru: B.A. Nazeer, President of the Canara Plastic Manufacturers & Traders Association, termed the Union Budget presented by Finance Minister Nirmala Sitharaman as MSME-friendly, highlighting considerable benefits for the sector.
Praising the budget, he mentioned that the announcement of a new Credit Guarantee scheme and a New Assessment Model for MSME credit will boost credit flow to the MSME sector.
He further noted that extending credit support during stressful periods is definitely a step in the right direction.
He also praised the enhancement of the Mudra Credit limit from 10 lakhs to 20 lakhs, which will help micro units avail financial facilities without collateral security.
Concluding, he stated that all these announcements, if implemented effectively, will definitely boost the growth of the MSME sector.
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ED seeks time to file reply on Jacqueline Fernandez's plea to turn approver in money laundering case
New Delhi (PTI): The Enforcement Directorate on Monday sought time to file its reply on a plea by actor Jacqueline Fernandez seeking to turn approver in a Rs 200 crore money laundering case involving alleged conman Sukesh Chandrashekar.
Special Judge Prashant Sharma posted the matter for further proceedings on May 8.
The court had earlier on April 17 issued notice to the agency after the actor's counsel filed the application.
Fernandez, who was summoned by the ED several times in connection with the investigation, was named as an accused for the first time in a supplementary charge sheet filed by the agency.
On July 3, last year, the Delhi High Court dismissed her petition for quashing the Enforcement Case Information Report (ECIR) in the money laundering case.
Two months later, the Supreme Court refused to interfere with the high court's order.
Delhi Police had booked Chandrasekhar for allegedly duping the spouses of former promoters of Ranbaxy, Shivinder Singh and Malvinder Singh, of Rs 200 crore.
There are other ongoing investigations against him in several cases across the country.
Chandrasekhar and his wife, Leena Paulose, facing proceedings in a money laundering case, were arrested by Delhi Police along with others.
The police invoked the Maharashtra Control of Organised Crime Act (MCOCA) in the case.
Paulose and Chandrasekhar were alleged to have used 'hawala' routes and created shell companies along with other accused persons to park the money earned as proceeds of crime.
