The NPA rate for MSMEs has increased continuously over last few years to reach 12.6 per cent as of December 2019, Cibil said in a
Month: May 2020
From capital to labour to credit, small firms on the brink, have emergency wishlist for govt | Business News,The Indian Express
Given that this sector is responsible for an estimated 11 crore jobs and accounts for 30 per cent of the GDP, and a prolonged crisis
Surat diamond industry sitting on $2.3 billion inventory faces trouble due to lockdown | Deccan Herald
Clipped from: https://www.deccanherald.com/business/business-news/surat-diamond-industry-sitting-on-23-billion-inventory-faces-trouble-due-to-lockdown-833567.html In the month of January and February this year, Surat’s famed diamond industry witnessed a drop of export worth almost $1 billion, compared
25% MSMEs restart operations in Karnataka on first day of lockdown relaxation | Deccan Herald
With over 7.85 lakh registered MSMEs having more than Rs 83,000 crore investment, Karnataka has a large base of enterprises Representative image (iStock photo) With
Lockdown shock: Residential, commercial consumers suffer high electricity bills in Delhi – The Hindu BusinessLine
Consumers complain of bills not reflecting actual consumption; small businesses hit Twesh Mishra New Delhi, May 2 Commercial and residential consumers are complaining of high
Payment must be made against accepted bill of exchange: Expert | Business Standard News
It is the obligation of the original importer to remit the payment to the foreign supplier The export of components by the Indian party to
Govt may soon allow firms to delay EPF contributions or pay in installments | Business Standard News
EPFO CEO tells companies they are legally obliged to make provident fund contribution on basic pay of up to Rs 15,000 On April 30, the
India has a jobs bloodbath as unemployment rate shoots up to 27.1% | Business Standard Column
When jobs evaporate in other sectors, people go back to farms which seem to have an infinite capacity to absorb labour; but that is mostly
Fixed-term contracts can be new normal for MSMEs to match number of workers with actual requirement – The Financial Express
Skill, Labour, Talent for MSMEs: A “fixed-term employment workman” has been defined to be a workman who has been engaged based on a written contract
MSME package: Loan guarantee, fund to clear dues to small units soon – The Financial Express
The government is considering a raft of relief measures, including setting up a Rs one lakh crore fund to expedite clearances of dues owed to
Small businesses will opt for gold loans to restart business – The Economic Times
Summary Gold loans for business purposes are mostly used by small businesses as short-term working capital for stocking. With gold prices hovering around Rs 47,000 per
Will ensure survival of small businesses: MSME secretary – The Economic Times
The new MSME secretary suggested that the crisis should be seen as an opportunity and units should look for new opportunities in domestic and international
Cash flows for companies dry up due to lockdown – The Economic Times
Some companies are struggling to pay salaries to employees, while some are looking at winding up operations rather than continue with an unprofitable enterprise. Sectors
MSME Relief: Don’t leave it too late–Times of India
The government must think big and swiftly come up with a rescue package for micro, small and medium enterprises (MSMEs). They have to pay wages,
Two-wheeler makers gear up to restart operations – The Economic Times
Most of Hero MotoCorp’s peers are likely to start manufacturing post after May 11. Honda Motorcycle and Scooter India (HMSI) is likely to take a
Covid lockdown: Blackout threat looms as discom collections peter out – The Economic Times
Discos collections across country have reduced by an unprecedented 80%, threatening power blackouts in India. Officials said Uttar Pradesh is trying to encourage digital payments
MSME sector: Reeling from Covid-19 lockdown, factories are ready to gradually restart. But where are the workers? – The Economic Times
As India Inc prepares to restart ops, the question many are asking – will there be enough workers? With widespread shuttering down of factories and
RBI may extend moratorium on loans by another 3 months – The Economic Times
Summary The RBI is considering a proposal for extending the moratorium on bank loans by another three months. As a result of this moratorium, individuals’ EMI
India’s budget gap for FY 19-20 breaches estimate on poor tax collection – The Economic Times
India’s budget gap for the year ended March 31 has touched 4.4% of gross domestic product, says sources. A sharp deceleration in growth and a
What India should do after the Coronavirus lockdown ends – The Economic Times
Post lockdown, the govt must focus on healthcare, municipal services including drinking water, sanitation. The panchayat-level self-reliance that Modi spoke about has to be focused
aniltikotekar4sme.com 