Clipped from: https://economictimes.indiatimes.com The government is considering a 5-7% interest subvention on loans to street vendors to make the targeted ₹5,000-crore financial assistance scheme popular amid
Category: MSME-Startup
Alibaba.com hosts online summit to help Indian MSMEs navigate post Covid-19 world – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ Insights from Alibaba.com showcase that 65% of Indian sellers on the platform have no exporting experience while 32% of incoming sellers have no
Migrant workers turn towards banking for employment – The Economic Times
Clipped from: https://economictimes.indiatimes.com Financial institutions dominant in the villages have seen queries for opening banking kiosks surge fivefold since the lockdown began. Industry players attributed the
Raghuram Rajan says migrant workers need money for vegetables, cooking oil, shelter; foodgrains not enough – The Economic Times
Clipped from: https://economictimes.indiatimes.com India’s stimulus is inadequate in providing recovery of an economy pummelled by COVID-19, Rajan said. New Delhi: Calling India’s Rs 20.9 lakh crore
Rationale behind the package | Business Standard Editorials
Govt seems to be preserving some firepower The Rs 20-trillion economic package, announced by the government last week to deal with the impact of Covid-19,
Restaurants staring at closures due to uncertainties over lockdown – The Financial Express
As per Dineout estimates, of the 4,05,000 QSRs (quick service restaurants)/takeaways with CFT (cost for two) of less than Rs 700, nearly 90,000 will shut.
The real story behind PM Modi’s mega MSME push – The Financial Express
Appearing on the same programme, economist Venkatraman Anantha Nageswaran reminded viewers that the relief should extend to micro, small, and medium farmers and agri-businesses. On
Now to stimulate the stimulus – The Economic Times
GoI has leaned on addressing the survival issue via some cash and in-kind transfers to vulnerable sections of society. But India is a consumption-based economy
Who said India’s Covid stimulus package is way less than others – The Economic Times
The reforms announced are far reaching and cover large gamut of activities The stimulus package is a mix of fiscal support, monetary support, ease of
India has been forced a reset by Covid-19, especially its political economy of reform – The Economic Times
India badly needed these second-generation reforms as a reboot to the 1991 reforms that have run their course. Both Prime Minister Narendra Modi and finance
Govt’s mega economic booster: Why TDS rates should be halved for good–Business Today
Corrective measures on the TDS and refunds front would bring relief to trade and industry while enhancing their competitiveness in the international market In order
Coronavirus crisis: Feeding India’s 8 crore migrant workers to cost Rs 3,500 crore, 0.18% of stimulus package–Business Today
This migrant labour support allocation translates to Rs 437 per capita (Rs 3500/8) for a 2-month period for the most vulnerable segment of society. In
Aakar Patel: Break down of trust between state and the poor–Deccan Chronicle
A policeman disperses migrant workers gathered outside a railway station intending to board a special service train without valid tickets to return back to their
Centre’s Covid-19 report card: It recognised the threat, but slipped on migrants, economy – editorials – Hindustan Times
As India prepares for the next phase in the battle, it should build on the strengths and remedy the weaknesses. Hindustan Times A migrant labourer
MSME: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate – The Economic Times
The scheme aims at mitigating the economic distress being faced by about 45 lakh MSMEs by providing them additional funding of up to Rs 3
Cash flow problems of MSMEs to keep bank stocks under pressure: Andrew Holland – The Economic Times
Emerging markets will be hit again if there is a second wave of virus’ Once the global markets pick up, then emerging markets exporting countries
Stimulus package lacks major near-term support for economy: Report – The Economic Times
“India’s response to the COVID-19 crisis lacks major or innovative near-term fiscal support, and fails to provide the much-needed impetus to stimulate growth and kick-start
Debt woes derail India’s plan to deliver stronger fiscal support – The Economic Times
The actual fiscal cost of the stimulus released by the FM amounts to just about 1% of GDP. Fitch said last week it saw India’s
Nirmala Sitharaman on AtmaNirbhar package, India’s Covid-19 response
Finance Minister Nirmala Sitharaman says she is open to deficit monetisation, won’t hazard a guess on where growth is headed. Finance Minister Nirmala Sitharaman addresses
Government’s economic package only 1% of GDP, say analysts – Times of India
NEW DELHI: The government has announced a five-part package and has provided details of how it adds up to Rs 20.97 lakh crore and accounts
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