https://www.financialexpress.com/business/sme/absence-of-credit-financial-services-for-msmes-risk-undercutting-indias-sustainable-inclusive-development-below-its-actual-potential/3390612 Clipped from: https://www.financialexpress.com/business/sme/absence-of-credit-financial-services-for-msmes-risk-undercutting-indias-sustainable-inclusive-development-below-its-actual-potential/3390612/ The challenges of MSMEs, who are primarily thin-file applicants, to access formal credit can be recounted as many, including small ticket sizes,
Month: February 2024
Over 35,000 MSMEs shut so far post Covid; Maharashtra, TN, Gujarat see highest closures – SME News | The Financial Express
https://www.financialexpress.com/business/sme/over-35000-msmes-shut-so-far-post-covid-maharashtra-tn-gujarat-see-highest-closures/3391309 Clipped from: https://www.financialexpress.com/business/sme/over-35000-msmes-shut-so-far-post-covid-maharashtra-tn-gujarat-see-highest-closures/3391309/ The closures since July 2020 were 0.09 per cent of 3.70 crore units registered on the Udyam portal, as of February 12,
Across the aisle by P Chidambaram: Bullhorn economics – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/across-the-aisle-by-p-chidambaram-bullhorn-economics/3390486 Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-by-p-chidambaram-bullhorn-economics/3390486/ The NDA government likes to be very loud. This year, while presenting the interim Budget for 2024-25, the Hon’ble Finance Minister (FM)
Merchant signups soar for BharatPe, MobiKwik, & PhonePe – Banking & Finance News | The Financial Express
https://www.financialexpress.com/business/banking-finance-merchant-signups-soar-for-bharatpe-mobikwik-amp-phonepe-3392168 lipped from: https://www.financialexpress.com/business/banking-finance-merchant-signups-soar-for-bharatpe-mobikwik-amp-phonepe-3392168/ The platform is also seeing an increase in inbound offline merchant leads – who are inquiring to get onboarded. For instance, merchant
Lower borrowings to help moderate inflation: Das – Banking & Finance News | The Financial Express
https://www.financialexpress.com/business/banking-finance-lower-borrowings-to-help-moderate-inflation-das-3392254 Clipped from: https://www.financialexpress.com/business/banking-finance-lower-borrowings-to-help-moderate-inflation-das-3392254/ X Lower borrowings by the Centre in 2024-25, which has already softened yields on government securities (G-secs), will help bring down inflation,
Fiscal federalism
https://www.business-standard.com/opinion/editorial/fiscal-federalism-124021201553_1.html Clipped from: https://www.business-standard.com/opinion/editorial/fiscal-federalism-124021201553_1.html Concerns over distribution must not be allowed to fester Listen to This Article In what is becoming a regular ritual during the
The AI opportunity
https://www.business-standard.com/opinion/editorial/the-ai-opportunity-124021201549_1.html Clipped from: https://www.business-standard.com/opinion/editorial/the-ai-opportunity-124021201549_1.html Threat to job creation should be addressed Illustration: Ajay Mohanty Listen to This Article Microsoft Chief Executive Officer Satya Nadella’s recent statement
Public money and public policy
https://www.business-standard.com/opinion/columns/public-money-and-public-policy-124021201520_1.html Clipped from: https://www.business-standard.com/opinion/columns/public-money-and-public-policy-124021201520_1.html A policy recalibration is needed to reduce the need for continuous expansion of infrastructure in existing cities Illustration: Binay Sinha Discussions in
Banks’ current account deposits take a hit on just-in-time fund release by govt – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/banks-current-account-deposits-take-a-hit-on-just-in-time-fund-release-by-govt/article67837883.ece lipped from: https://www.thehindubusinessline.com/money-and-banking/banks-current-account-deposits-take-a-hit-on-just-in-time-fund-release-by-govt/article67837883.ece CA deposits of all scheduled commercial banks had declined to 10.13 per cent of their overall deposits in 2023 from 10.43 per
Jobs data: Looking at the fineprint – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/columns/jobs-data-looking-at-the-fineprint/article67720407.ece Clipped from: https://www.thehindubusinessline.com/opinion/columns/jobs-data-looking-at-the-fineprint/article67720407.ece The bump in work participation rates is due to inclusion of more unpaid workers in the employed category There has been much
RBI conducts two back-to-back VRR auctions to pump in liquidity into banks – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/rbi-conducts-two-back-to-back-vrr-auctions-to-pump-in-liquidity-into-banks/article67838988.ece lipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-conducts-two-back-to-back-vrr-auctions-to-pump-in-liquidity-into-banks/article67838988.ece Market players say heavy demand for funds at the first VRR auction would have prompted the RBI to conduct a second one
Burnout among cybersecurity professionals threaten to weaken security shield – The Hindu BusinessLine
https://www.thehindubusinessline.com/info-tech/burnout-among-cybersecurity-professionals-threaten-to-weaken-security-shield/article67838895.ece Clipped from: https://www.thehindubusinessline.com/info-tech/burnout-among-cybersecurity-professionals-threaten-to-weaken-security-shield/article67838895.ece 83 per cent of cybersecurity staff are overburdened, feel pressure says Sophos It is not just the gullible consumers that are at
Allahabad and Bombay High Courts have the maximum case backlog – The Hindu BusinessLine
https://www.thehindubusinessline.com/data-stories/data-focus/allahabad-and-bombay-high-courts-have-the-maximum-case-backlog/article67837972.ece Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/allahabad-and-bombay-high-courts-have-the-maximum-case-backlog/article67837972.ece Allahabad High Court leads with 10.74 lakh cases, followed by the Bombay High Court with 7.13 lakh cases and High Court of
Will continue to work with Paytm, subject to RBI forbearance: Axis Bank MD – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/will-continue-to-work-with-paytm-subject-to-rbi-forbearance-axis-bank-md/article67839068.ece lipped from: https://www.thehindubusinessline.com/money-and-banking/will-continue-to-work-with-paytm-subject-to-rbi-forbearance-axis-bank-md/article67839068.ece We have been working with them in the past on various things, and those aspects continue, says Arjun Chowdhry Paytm, or One 97
Are tighter norms for personal loans justified? – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/are-tighter-norms-for-personal-loans-justified/article67839350.ece Clipped from: https://www.thehindubusinessline.com/opinion/are-tighter-norms-for-personal-loans-justified/article67839350.ece The RBI would have done better by targeting categories within the personal loan segment prone to high risk, than adopting a blanket
10 mn in 2016 to 5 mn accounts in just a month; MF industry grows in 8 yrs | Mutual Fund – Top Stories – Business Standard
https://www.business-standard.com/markets/mutual-fund/10-mn-in-2016-to-5-mn-accounts-in-just-a-month-mf-industry-grows-in-8-yrs-124021100360_1.html Clipped from: https://www.business-standard.com/markets/mutual-fund/10-mn-in-2016-to-5-mn-accounts-in-just-a-month-mf-industry-grows-in-8-yrs-124021100360_1.html WEALTH GROWS SIP BY SIP: AUM and active accounts skyrocket 8x; monthly inflows achieve a 6x soar since 2016 Listen to This
CERT-in issues high severity warning related to ChromeOS and Edge browser
https://www.business-standard.com/technology/tech-news/cert-in-issues-high-severity-warning-related-to-chromeos-and-edge-browser-124021200641_1.html Clipped from: https://www.business-standard.com/technology/tech-news/cert-in-issues-high-severity-warning-related-to-chromeos-and-edge-browser-124021200641_1.html CERT-in recommends that Google ChromeOS and Microsoft Edge browser users should immediately update to the latest version or install security patches Microsoft
50% Indian users unintentionally reach out for their smartphones: BCG study | India News – Business Standard
https://www.business-standard.com/india-news/50-indian-users-unintentionally-reach-out-for-their-smartphones-bcg-study-124021201382_1.html Clipped from: https://www.business-standard.com/india-news/50-indian-users-unintentionally-reach-out-for-their-smartphones-bcg-study-124021201382_1.html The report also found that a typical smartphone user picks up their phone almost 70 to 80 times a day Listen to
RBI conducts two VRR auctions to infuse liquidity into the banking system | Banking – Business Standard
https://www.business-standard.com/industry/banking/rbi-conducts-two-vrr-auctions-to-infuse-liquidity-into-the-banking-system-124021201202_1.html Clipped from: https://www.business-standard.com/industry/banking/rbi-conducts-two-vrr-auctions-to-infuse-liquidity-into-the-banking-system-124021201202_1.html The liquidity deficit in the system widened to Rs 1.96 trillion on Sunday Market participants expect the central bank to continue with
👌Section 80P(2)(d) deduction allowable to Co-Op Society on Interest Income from co-op banks
https://taxguru.in/income-tax/section-80p2d-deduction-allowable-co-op-society-interest-income-co-op-banks.html Clipped from: https://taxguru.in/income-tax/section-80p2d-deduction-allowable-co-op-society-interest-income-co-op-banks.html Reserve Bank Staff and Officers Vs ITO (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) Mumbai has provided a significant ruling on
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