Latest news with #Guarantee
The Hindu
19-05-2025
- Politics
- The Hindu
BJP MLC Vishwanath criticises Congress govt.'s Sadhana Samavesha
BJP MLC and former Minister A.H. Vishwanath criticised the Chief Minister Siddaramaiah-led Congress government for planning a celebration of its two years in office with a 'Sadhana Samavesha' at Hosapete on May 20. Addressing a press conference in Mysuru on Monday, Mr. Vishwanath alleged that the 'Sadhana Samavesha' had been planned only to conceal the government's failures, maladministration, and corruption. He also questioned the State government's move to hold the Sadhana Samavesha at the cost of the State exchequer. 'Why is it not organised by the party?' he asked. Mr. Vishwanath criticised the government for spending ₹96,000 crore on 'freebies' by setting aside the development priorities of the State. Describing the government's expenditure on freebies as 'foolish', the BJP MLC said Mr. Siddaramaiah, who fancies himself as the Finance Minister to have presented the highest number of budgets, has failed to use the funds for generating employment while ignoring irrigation projects. Though State expenditure for welfare of the poor is a step in the right direction, Mr. Vishwanath said the Congress government had been distributing 'freebies' without any criteria under the State Government's Guarantee programmes. He even questioned Mr. Siddaramaiah's contribution to his native Mysuru district. 'What have you done for Mysuru, which is your home district?' he asked before lashing out at him for making trips to the city in a helicopter. Even though Mysuru is reachable by road in one and a half hours, the Chief Minister comes in a helicopter. 'Till now, how much money from the State exchequer has been spent on the helicopter rides?' he asked before asking Mr. Siddaramaiah to provide an account of the same at the proposed Sadhana Samavesha. Mr. Vishwanath, who had accused the State government of indulging in corruption, also asked the Chief Minister and his Ministers to disclose the details of their assets at the Sadhana Samavesha. Alleging that the Congress government had lost the faith of the people, Mr. Vishwanath said the government will lose power just like the BJP government lost it by uttering lies. 'There is no difference between your government and the BJP government,' he alleged.
Business Standard
09-05-2025
- Business
- Business Standard
Ministry of Commerce notifies expansion of the Credit Guarantee Scheme for Startups from Rs 10 crore to Rs 20 crore
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has notified the expansion of the Credit Guarantee Scheme for Startups or CGSS which increases the ceiling on guarantee cover per borrower under the Scheme from Rs. 10 crore to Rs. 20 crore. The extent of guarantee cover provided has also been increased to 85% of the amount in default for loan amount up to Rs. 10 crore and 75% of the amount in default for loan amount exceeding Rs. 10 crore. Further, the Annual Guarantee Fee (AGF) for startups in 27 Champion Sectors has been reduced to 1% p.a. from 2% p.a. The Champion Sectors have been identified by the Government under 'Make in India' to provide a thrust to India's manufacturing and service capabilities. The reduction in AGF for Champion Sectors will make funding more attractive for the identified sectors and boost innovation in domestic manufacturing and self-reliance. In line with the vision of the Prime Minister Narendra Modi of transforming India into an innovation-driven self-reliant economy, the notified expansions aim to address the financing needs of innovation-driven startups. As a result of the increased guarantee support and coverage, the number of financial institutions coming forward to provide credit support to startups shall increase, thereby increasing overall fund flow for startups. The expanded Scheme will further reduce the perceived risks associated with lending to startups in established financial institutions, enabling greater financial flow and runway for startups to undertake research and development (R&D), experimentation, and create cutting-edge innovation and technologies. Several operational reforms and other enabling measures identified through consultations with the startup ecosystem have also been included in the expanded CGSS to make the Scheme attractive for lenders and startups seeking funding support. The expansions and modifications are expected to give thrust to the Scheme and enable a wider range of startups to benefit to propel the country towards becoming a Viksit Bharat.
The Sun
26-04-2025
- Business
- The Sun
Ebay makes ANOTHER change to postage policy following seller backlash
EBAY has made a major change to its Simple Delivery, just days after the policy was introduced. From April 15, private sellers on eBay were only able to list items on the platform using its 'Simple Delivery' shipping method. This meant that sellers could no longer arrange their own shipping and had to pay for the item to be delivered via eBay. Customers complained that the change made it harder for sellers to choose which courier they wanted to deliver items to their buyer. They also said they will need to travel further to drop items at courier points, which will make the process more complicated. After the backlash it appears that eBay has now quietly u-turned on the policy. The secondhand website will now allow items under £10 in some sub-categories to retain the custom postage option. Previously there were fewer exemptions, including for Authenticity Guarantee, bulky objects and items £10 or under that weight 100g or less. But the secondhand website has now introduced a longer list of exemptions. The page on the website reads: 'Simple Delivery will be optional for items priced £10 and under, letter-sized, and in certain sub-categories within the following areas.' The list includes more than 30 categories including antiques, books, cameras, coins, furniture and stamps. The policy may vary depending on the item you are listing so it is best to check if the opt out option is available when creating your listing. An eBay spokesperson said: "Simple Delivery will be optional for letter-sized items that are £10 or under and listed under certain categories like Trading Cards, Coins, and Stamps. "These changes reflect our commitment to continue to optimise the experience for our customers, aligned to how different types of products are traded on eBay." How does Simple Delivery work? Simple Delivery was already an option on eBay, but the change that was introduced in April made it mandatory for sellers. Ebay said Simple Delivery is an 'all-in-one delivery solution' that is designed to make the process smoother and save customers money. How to spot valuable items COMMENTS by Consumer Editor, Alice Grahns: It's easy to check if items in your attic are valuable. As a first step, go on eBay to check what other similar pieces, if not the same, have sold for recently. Simply search for your item, filter by 'sold listings' and toggle by the highest value. This will give you an idea of how much others are willing to pay for it. The method can be used for everything ranging from rare coins and notes to stamps, old toys, books and vinyl records - just to mention a few examples. For coins, online tools from change experts like Coin Hunter are also helpful to see how much it could be worth. Plus, you can refer to Change Checker's latest scarcity index update to see which coins are topping the charts. For especially valuable items, you may want to enlist the help of experts or auction houses. Do your research first though and be aware of any fees for evaluating your stuff. As a rule of thumb, rarity and condition are key factors in determining the value of any item. You're never guaranteed to make a mint, however. It said sellers will save 20% on postage costs due to its competitive rates with couriers including Royal Mail and Evri. Ebay also said it will speed up the payment process so sellers will receive their profit faster. When listing an item via Simple Delivery, eBay recommends the size and weight of the item and the seller will need to confirm this information is correct before they can post it. Once an item is sold, the seller will receive a printer-less QR code and prepaid printable label and can choose which one is easiest. The seller then has to take the item to their nearest carrier location or can book a home collection. But sellers have voiced concern that this could make it easier for items to go missing. Meanwhile, even if you had a preference about which courier will deliver your parcel, eBay is not under any obligation to honour it. It has said that in some situations sellers will be provided with a shipping label from a non-perferred carrier that they must use. In its FAQs eBay has also warned that excluding certain carriers from your preferences may increase your delivery cost and your item may be available to fewer buyers. Ebay has also said that if you want to have an item collected then you should exclude Evri from your preferences. But Evri is one of the cheapest couriers. Choosing to send items with Royal Mail instead of Evri would add 77p to the cost of sending a 1kg parcel. Payment changes Simple Delivery also changed when sellers receive their profit after they have posted an item. For tracked deliveries, funds are released two days after the carrier confirms delivery. If there is no successful delivery scan then the funds are available eight days after the order date as long as the item was shipped within three days. If not, it defaults to 14 days. Tracking updates The secondhand platform has said that Simple Delivery will give buyers peace of mind if an item is lost or damaged in transit. The labels come with automatic tracking so buyers always know where their items are. Ebay has said it will handle claims with buyers so sellers do not have to. .
