Clipped from: https://economictimes.indiatimes.com Equity investors dumped bank stocks on Dalal Street, sensing deeper pain ahead. NEW DELHI: RBI on Friday extended the moratorium on loan repayments
Category: MSME-Startup
FM busts demand side-supply side argument, says money going into people’s hands – The Economic Times
Clipped from: https://economictimes.indiatimes.com ‘Banks won’t be blamed as we are going to take the loss’ Economic package includes all companies for bank loan facility despite size and
Ind-Ra expects beginning of new NPA cycle in banking sector – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ Our Bureau The banking sector may see the beginning of a new non-performing asset (NPA) cycle, with the pandemic likely to drive banks’
What steps did the govt take to prevent MSMEs from defaulting on loans? | Business Standard News
Clipped from: https://www.business-standard.com/ Two important steps have been taken in this regard by the govt The Insolvency and Bankruptcy Code is entering a period of suspension
MSMEs pin hopes on release of payments by govt – The Financial Express
Clipped from: https://www.financialexpress.com More than availing of the benefit of new credit lines and loan-related schemes announced by the government, nearly 63.3 million micro, small and
Banks approach MCA to expedite nod for 40 resolved IBC cases – The Economic Times
Clipped from: https://economictimes.indiatimes.com With prospects of almost zero recovery over the next few months, banks are worried that buyers may call off deals or reduce valuations
Street vendor loans may come with subvention – The Economic Times
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
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
