The biggest stumbling block, MSMEs say, is that they wanted financial support, but instead got a collateral-free loan scheme. In the absence of demand, that
Category: Economy
Covid impact: Companies face input tax credit denial on goods destroyed – The Economic Times
Input tax credit under the goods and services tax framework allows businesses to set off tax paid on raw materials or input services against future
I-T liability exists even when salaries, payments deferred – The Economic Times
The situation may be more worrisome for service providers who have not received payments. Companies plan to pass on tax to employees and vendors. MUMBAI:
Will provide funding to nonbanking cos via SPV: Economic affairs secretary Tarun Bajaj – The Economic Times
Summary This SPV will be the main vehicle for providing support to NBFCs as part of the economic package announced Tuesday and will carry out primary
RBI: What will the RBI do to stop the domino effect of debt defaults?
It will be interesting to see how RBI manages the domino effect of debt default once the the moratorium on interest and principal repayment is
Govt’s credit guarantee for MSMEs to boost banks’ savings with this much capital to lend more – The Financial Express
Credit and Finance for MSMEs: Finance Minister Nirmala Sitharaman on Wednesday had announced collateral-free automatic loans worth Rs 3 lakh crore to MSMEs as part
Restaurant businesses hit by Covid-19, face a long road to recovery – The Hindu BusinessLine
Multiple challenges ahead for the restaurant industry as they await guidelines to resume business. India’s organised dine-in restaurants are on course for a 40-50 per
Why setting up a ‘bad bank’ is a bad idea – The Hindu BusinessLine
It won’t prevent another NPA pile-up. Instead, the govt can improve banks’ governance and share the lending risks that they face The severe slowdown in
RBI may have to monetise around Rs 7 lakh crore of stimulus package: BofA – The Economic Times
The Rs 3 lakh crore package for MSMEs, power sector has only Rs 23,200 crore fiscal impact. BofA also noted that the Rs 3 lakh
Finance Minister announces second tranche of govt’s Rs 20 lakh crore stimulus package | India Business News – Times of India
NEW DELHI: Union finance minister Nirmala Sitharaman on Thursday unveiled the second tranche of measures of the government’s “atmanirbhar (self-reliant) campaign”. With a view to
TDS, TCS clarification by Modi govt: Who will benefit, who won’t | Income Tax announcement by Finance Minister Nirmala Sitharaman today | The Financial Express
Income Tax announcement by Finance Minister Nirmala Sitharaman: FM Makes big announcements under COVID-19 shadow Here are some important income tax announcements by FM Nirmala Sitharaman
How much was FM Sitharaman’s MSME, liquidity package worth for India, and how much it cost the govt – The Financial Express
For the economic package announced yesterday, the actual fiscal hit felt by the government should only be Rs 24,000 crore, that is, 0.12 per cent
Rs 5,000 crore credit facility to be given to 50 lakh street vendors, says FM Nirmala Sitharaman – Times of India
NEW DELHI: Finance minister Nirmala Sitharaman on Thursday announced that Rs 5,000 crore credit facility will be given to 50 lakh street vendors hit by
Financing the Covid-19 economic package – analysis – Hindustan Times
The government has been bold. Now don’t worry about inflation or capital flight, use the money financing route Pulapre Balakrishnan While the content of the
First dose is liquidity: MSMEs get mega guarantee | Business News,The Indian Express
Most measures focus on off-balance sheet support; success depends on improving lenders’ risk appetite A total of Rs 3 lakh crore is projected to be
Move will restore stability in financial markets: SBI chief | Business News,The Indian Express
Banks which were pressing for a guarantee from the government to lend money to NBFCs despite the Reserve Bank of India opening a liquidity window
How were 7,200 new self-help groups formed amid social distancing constraints?–Business Today
The question perplexing financial inclusion experts is how could these be formed when there are compulsions of social distancing SHGs are formed with people physically
Govt’s cost this year: Rs 25,500 crore | Business News,The Indian Express
WHILE Finance Minister Nirmala Sitharaman’s MSME package, which adds up to Rs 5.94 lakh crore, will go some distance in providing credit to small business on
Justice deferred | The Indian Express
There is no doubt that in J&K, imperatives of national security need to be factored in, a delicate balance must be struck. The Supreme Court
New MSME definition has a message: No longer have to stay small to avail benefits | India News,The Indian Express
As per the proposal, for which amendments to the law will need to be made, micro enterprises will be those with investment of up to
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