Cabinet Clears Changes In Definition Of Small Businesses

The Union Cabinet, headed by Prime Minister Narendra Modi, on Monday approved recent changes in the definition of micro, small and medium enterprises (MSMEs), and brought an even larger number of businesses in the medium enterprises category. The decisions were part of the government's "Atma Nirbhar Bharat" economic package detailed by Finance Minister Nirmala Sitharaman last month, in a bid to support the economy against the coronav...