Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/shock-fear-helplessness-covids-second-wave-is-an-emotional-and-economic-crisis-for-msmes/articleshow/82449332.cms Synopsis–It is not just the economic hardships; the second wave of Covid-19 has torn families. As MSMEs struggle to stay afloat, they confront
Category: Economy
PLI: A stitch in time? Why the Govt needs to iron out the issues in PLI scheme for textiles – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/a-stitch-in-time-why-the-govt-needs-to-iron-out-the-issues-in-pli-scheme-for-textiles/articleshow/82474956.cmsSynopsis Textile sector has been identified as thrust the sector amongst the selected 13 sectors for which the Production Linked Incentive scheme (PLI) scheme
Auto sales: It’s May-hem in auto, sales may fall 70-80% – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/its-may-hem-in-auto-sales-may-fall-70-80/articleshow/82471748.cms Synopsis–Vinkesh Gulati, president for Federation of Automotive Dealers Association, says customer walk-ins and bookings are negligible, which is not a good sign for
Banks want RBI to relax NPA norms for lockdown-stressed MSME sector | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/banks-want-rbi-to-relax-npa-norms-for-lockdown-stressed-msme-sector-121050700674_1.html Bankers request extension of NPA classification norms to 180 days from 90 days currently The MSME sector was already reeling under pressure and
RBI Announcement for MSME Today: RBI announces slew of measures for MSMEs battered by Covid second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/rbi-announces-slew-of-measures-for-msmes-battered-by-covid-second-wave/articleshow/82399963.cmsSynopsis For enhancing credit to MSME entrepreneurs, the RBI Governor mentioned that in Feb 2021, the scheduled commercial banks were allowed to deduct credit
Shaktikanta Das speech highlights: The emergency measures outlined by RBI Governor in unscheduled address – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/the-emergency-measures-shaktikanta-das-outlined-at-his-unscheduled-address-today/articleshow/82399785.cmsSynopsis Governor Das had been holding discussions with banks and NBFCs for some time about the ground situation on liquidity, credit flow and balance
Here’s what else the RBI can do as pandemic rages on – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/heres-what-else-the-rbi-can-do-as-pandemic-rages-on/articleshow/82428076.cmsSynopsis As regulator of the banking sector, the RBI can ease loan repayment rules, especially for sectors badly hit by the pandemic’s second wave
Majority of SMEs qualify for restructuring says Crisil – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/majority-of-smes-qualify-for-restructuring-says-crisil/articleshow/82433645.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Last fiscal, a third of these SMEs had cushioned their liquidity by availing of the RBI mandated six month moratorium on bank loans.
On hold – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/on-hold/article34500577.ece?homepage=true FPIs are unlikely to return in strength until the Covid second wave ebbs and the economy stabilises Global liquidity, induced by monetary easing
Atmanirbhar Bharat: Why business localisation is a win-win proposition for all–business today
Clipped from: https://www.businesstoday.in/opinion/columns/atmanirbhar-bharat-why-business-localisation-is-a-win-win-proposition-for-all/story/438526.html Localisation has brought in the world’s best-in-class technology, enabled knowledge sharing, tech transfers, and skilling of our people, and brought in value-added products
Ground reality | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/ground-reality-121050601381_1.html Reforms and direct payment will benefit farmers If there were apprehensions about the smooth running of rabi grain marketing and procurement operations this
RBI’s Rs 50K cr liquidity facility can augment hospital bed capacity Crisil | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-s-rs-50k-cr-liquidity-facility-can-augment-hospital-bed-capacity-crisil-121050700688_1.html Reserve Bank’s Rs 50,000-crore liquidity window can help augment the bed capacity at hospitals by up to 20% as credit will be available
Amid rise in raw material costs, margin pressures to weigh on tyre stocks | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/amid-rise-in-raw-material-costs-margin-pressures-to-weigh-on-tyre-stocks-121050601115_1.html Tyre companies may not be able to fully pass on the surge in raw material costs Margins for the larger tyre makers, Apollo
RBI allows lenders to revamp MSME accounts under Covid-19 related stress – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/rbi-allows-lenders-to-revamp-msme-accounts-under-covid-19-related-stress/article34495597.ece The Reserve Bank of India (RBI) has allowed lenders to extend the facility for restructuring existing loans of micro, small and medium enterprises
Managing FX risks on imports – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/managing-fx-risks-on-imports/2247412/ While the premiums are, in general, higher than the average depreciation, they are substantially lower than the worst depreciation (to tenor) that we
SMEs: Why do they numerically dominate an economy despite heavy odds for their operations – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/smes-why-do-they-numerically-dominate-an-economy-despite-heavy-odds-for-their-operations/2246675/ SMEs emerge rapidly at varying rates, irrespective of times, and nations, primarily owing to locational influences, process influences, and market influences. Of late,
ECLGS 3.0: Hospitality MSMEs urge govt for changes in borrower status, calculation of outstandings, more – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/eclgs-3-0-hospitality-msmes-urge-govt-for-changes-in-borrower-status-calculation-of-outstandings-more/2247086/ Ease of Doing Business for MSMEs: The Finance Ministry had on March 31, 2021, introduced ECLGS 3.0 to cover enterprises in hospitality, travel
Govt buying from MSEs declines for second consecutive year even as share in overall procurement jumps – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/govt-buying-from-mses-declines-for-second-consecutive-year-even-as-share-in-overall-procurement-jumps/2247301/ The share of public procurement from MSEs has been on an upward trajectory from as low as 12 per cent in FY15 to
Roadmap for MSMEs’ survival amid Covid 2.0: What govt must immediately do to tackle impending setback – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/roadmap-for-msmes-survival-amid-covid-2-0-what-govt-must-immediately-do-to-tackle-impending-setback/2247439/ The government should abolish the mandatory requirement of CIBIL score for extending loan facility and instruct banks not to consider the past performance
Supply-chain: Solar industry crimped by supply chain and logistical challenges – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/solar-industry-crimped-by-supply-chain-and-logistical-challenges/articleshow/82398275.cmsSynopsis The solar industry is facing a constellation of issues this year including higher prices for steel and aluminum, as well as elevated freight
