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Minister of State for Commerce and Industry Som Parkash in a written reply to a query in the Rajya Sabha said a conducive environment can be created by simplifying rules and regulations.
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NBFC borrowers, typically where there is cash collection, pay their overdues generally with some delays. Accounts can get into NPA category just for a day's delay in paying the instalments and once it gets categorised as NPA it will not be able to become standard unless all the arrears are cleared, the report said.
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In a written reply to the Rajya Sabha, Minister of State for Food Processing Industries Prahlad Singh Patel informed that the FDI in the food processing sector stood at Rs 4,430.44 crore in 2018-19, Rs 6,414.67 crore during 2019-20 and Rs 2,934.12 crore during the 2020-21 financial year.
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Mandaviya also hit out at the opposition over claims about deaths due to oxygen shortage during that period, saying the Centre sought from states data on the matter and only the Punjab government replied that there were four suspected cases of such deaths and a probe into them was underway.
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The BJP member said more than 43 crore people are into online gaming currently, and the number is projected to increase to 65.7 crore by 2025. The revenue earned by online gaming was Rs 13,600 crore and this is likely to increase to 29,000 crore in the year 2025.
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