Clipped from: https://www.business-standard.com Govt likely to issue clarification to add more borrowers under ECLGS The banks also wanted the ministry to increase the scope of the
Category: Economy
Covid crisis: MSMEs face existential crisis due to expected contraction in economy, says Crisil–Financial Express
Clipped from: https://www.financialexpress.com “The 5% contraction in the Indian economy expected by CRISIL this fiscal — wrought by the Covid-19 pandemic — will significantly hurt MSMEs
Allow airlines to use GST credit on spares for economy-class operations, say experts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ The pandemic has led to significant losses for the aviation sector which was already suffering due to competitive prices – – The pandemic
Govt’s fiscal stance pushing economy into further decline – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com In a bid to manage the fiscal deficit, the Centre significantly reduced its public expenditure. However, this contracted aggregate demand at a time
Unlock 1.0: DLF offers rent waivers to mall tenants – The Financial Express
Clipped from: https://www.financialexpress.com Under the new proposal, DLF Shopping Malls is offering rental partners a 100% waiver on MG rent for the entire lockdown period till
Adjudication must be completed in prescribed time limit, says expert | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/adjudication-must-be-completed-in-prescribed-time-limit-says-expert-120061501284_1.html If adjudication is not completed within the prescribed time limits, it will be deemed that no SCN was issued, say expert The Taxation
Widen MSME scheme ambit: Private lenders to FM Nirmala Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com Govt likely to issue clarification to add more borrowers under ECLGS The banks also wanted the ministry to increase the scope of the
Moratorium: Banks oppose waiver of loan interest – The Economic Times
Clipped from: https://economictimes.indiatimes.com Moratorium: Banks oppose waiver of loan interest The RBI had announced the moratorium, which ends August 31, to protect borrowers hit by the
MSMEs’ revenues to fall by a fifth: Crisil – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/msmes-revenues-to-fall-by-a-fifth-crisil/article31835546.ece?homepage=true File photo – BUSINESS LINE File photo – BUSINESS LINE× Working capital woes for these firms likely to worsen, says rating agency Micro,
MSMEs bet big on PM Modi’s Champions portal as number of complaints resolved jumps 3X – The Financial Express
Clipped from: https://www.financialexpress.com/ SBI recently took Anil Ambani to the Mumbai bench of the National Company Law Tribunal (NCLT) for personal guarantee given on loans worth
Microfinance firms poised for consolidation after Covid-19-induced lockdown – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ There are 96 MFIs with less than Rs 200 crore in loans outstanding that together have a total loan portfolio of about Rs
MSMEs face existential crisis, revenue to fall a fifth: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ For MSMEs, the fall in revenue will be steeper at 17-21%, while Ebitda margin will shrink 200-300 bps to 4-5%. MUMBAI: The 5%
Small, medium size realtors’ FY21 revenue growth may halve, report – The Economic Times
Clipped from: https://economictimes.indiatimes.com The 5% contraction in the Indian economy as expected by CRISIL this fiscal – wrought by the Covid-19 pandemic – will significantly hurt
GST compensation an imperative–economic times
Clipped from: https://economictimes.indiatimes.com The Centre must deliver on its promise to compensate the states for five years from 2017-18 for any shortfall in goods and services
MSMEs face existential crisis, revenue to fall a fifth: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com For MSMEs, the fall in revenue will be steeper at 17-21%, while Ebitda margin will shrink 200-300 bps to 4-5%. MUMBAI: The 5%
An auto-industry recovery appears far away. Vehicle-carrier companies are drastically scaling down. – ET Prime
Clipped from: https://prime.economictimes.indiatimes.com The fate of an entire industry is hanging by a thread. With losses and debt woes mounting, automobile-carrier companies, big and small, are
Lockdown is pushing up India’s poverty levels – The Hindu BusinessLine
Income and job losses mean millions are joining the ranks of the poor. Govt must provide a safety net for those on the brink The
Employment generation a challenge but not unachievable: Nitin Gadkari – The Hindu BusinessLine
The Minister of Micro, Small and Medium Enterprises (MSME), Nitin Gadkari, has acknowledged that employment generation is a challenge, but with the right economic policies,
Covid-19 impact: 42% start-ups, small biz out of funds or in shutdown stage | Business Standard News
According to a survey by LocalCircles, only 16% of start-ups and SMEs have the cash to survive for more than three months. Since the start
In poor health already, banks come under grip of Covid-19 pandemic | Business Standard News
Clipped from: https://www.business-standard.com/ Anaemic credit growth due to risk-averse borrowers; concerns over bad loan build-up resurface Due to the low credit offtake, banks are saddled with
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