CREDAI to fund oxygen plant at Lady Goschen
Updated:
Updated:
Share Article
AAA
The Confederation of Real Estate Developers Association of India (CREDAI), Mangaluru, will, in association with other entrepreneurs associations, fund a portion of ₹84 lakh required for setting up an oxygen generation plant at the Government Lady Goschen Hospital in the city.
CREDAI Mangaluru president Pushparaj Jain said that the Kanara Chamber of Commerce and Industry and the Mangaluru Contractors Association have given ₹15 lakh each, while the Association of Consulting Civil Engineers has given ₹8 lakh. The remaining amount will be given by CREDAI, he said.
Mr. Jain and other members handed over a cheque for ₹41.86 lakh on Thursday to the district administration towards the cost of construction of the plant.
KCCI seeks extension of NPA classification period
May 05, 2021
×
Stressed Asset Restructure Scheme should be extended and norms eased to expand coverage, says industry body
The Kanara Chamber of Commerce and Industry (KCCI) has sought several measures, including lenient NPA norms, to save MSMEs (micro, small and medium enterprises) affected by Covid pandemic.
Reacting to the measures announced by RBI on Wednesday to alleviate finance constraints of various stakeholders, Isaac Vas, President of KCCI, told
BusinessLine that MSMEs are in critical condition because of the decline in business for the past one year due to Covid pandemic.
He said NPA classification period should be doubled to 180 days. This will help MSMEs to manage their finances better without pressure, he said.
KCCI seeks Finance Ministry’s intervention to rescue MSMEs
Updated:
Updated:
Share Article
AAA
The Kanara Chamber of Commerce and Industry (KCCI) has urged Union Finance Minister Nirmala Sitharaman to rush to the rescue of trade and industry, particularly MSMEs, in the wake of the State government imposing severe restrictions on commercial activities to curb the spread of COVID-19.
In a letter to Ms. Sitharaman, KCCI president Isaac Vas said the industrial fraternity understood the reasons for imposing the restrictions.
However, just as the government cares for the well being of its people, it should also care to the well being of the industrial sector, he said demanding a White Paper on the industrial scenario in the country.
Kanara Chamber seeks support for MSME sector
April 30, 2021
The Kanara Chamber of Commerce and Industry (KCCI) has urged the Union Finance Minister to address the problems of MSME (micro, small and medium enterprises) sector following the second wave of Covid and lockdowns associated with it.
In a letter to the Union Finance Minister, Nirmala Sitharaman, the KCCI President, Isaac Vas, said that operations are down the MSME sector, which is facing the challenge of meeting commitments such as payment of salaries and wages, rents, power dues, tax dues and bank loan servicing commitments.
Requesting the Government to expedite the refunds of income tax, GST, duty drawback, he also sought the interest and penalty waiver on payment of power dues to Escoms (electricity supply companies) for MSMEs and domestic users.
Dakshina Kannada deputy commissioner Dr KV Rajendra (left) interacts with migrant workers at a bus depot.
MANGALURU: Even as the migrant labourers working in various construction sites and industries in Dakshina Kannada district were found rushing to their hometowns after new restrictions were imposed in the state in view of Covid-19 pandemic, the district administration has appealed them not to leave the region in panic.
Deputy commissioner Dr KV Rajendra appealed to migrant labourers not to leave the district.
He said a meeting of representatives from the Confederation of Real Estate Developers’ Association of India (CREDAI), Kanara Chamber of Commerce and Industry (KCCI) and contractors’ association was held on Thursday to discuss the issue.