Bankers feel companies hit by the lockdown will need at least a year to recover. Mumbai: The Indian Banks’ Association (IBA) is finalising a special restructuring proposal
Category: MSME-Startup
Garment exporters’ body expresses inability to pay workers’ pay for April, May – The Economic Times
The body has appealed to Prime Minister Narendra Modi and state chief ministers to facilitate payement of wages to workers for these two months. GEMA
Minimum wages, safety for truckers essential for smooth supply chain in lockdown:Ashok Leyland – The Economic Times
Ashok Leyland has already started initiatives on this front and look forward to partner with the government for any new initiatives on these lines. NEW
Covid-19 Impact: Top retailers urge government to open non-essential retail to reset the Indian economy – The Economic Times
The Clothing Manufacturers Association of India (CMAI), said only 8% of its members have funds to pay salary next month since 90% of all apparel
Government clears air on restaurant closure rumour – The Economic Times
The ministry of tourism clarified that it has not issued any letter on closing of hotels and restaurants till October 2020 due to the coronavirus
MSEs: Nearly 80 pc MSEs hit as economic activities come standstill amid COVID-19: Survey – The Economic Times
The survey showed that five out of 10 businesses would run out of their working capital within two months and they will depend on loans
Economy will take at least 12-24 months to recover: N Venkatram – The Economic Times
We are fortunate that the oil crisis is benefiting us, says CEO of Deloitte India. I would go beyond just looking at demand and supply
Covid lockdown: Can’t pay salaries, say labour-intensive sectors – The Economic Times
“While we agree with the government that wages should be given, the minimum wage of Rs 8,000-9,000 per worker will be tough to sustain as
View: A rescue raft for sinking NBFCs – The Economic Times
Until now, practices relating to critical areas such as classification and recognition of non-performing loans (NPLs), accounting for securitisation transactions, investment classification and valuation, were
Net neutrality laws likely to be tested in clearance for Facebook-Jio deal – The Economic Times
The possibility of Facebook apps getting preferential treatment on Reliance Jio’s network will be a factor regulators will have to keep in mind while evaluating
India’s path out of pandemic slump hobbled by shadow bank crisis – The Economic Times
If bad loans rise, banks and NBFCs may become cautious just when credit is most needed to keep economy going. In the second week of
Disruptive events don’t come with survival kits. Here are six tips on how to build one. – ET Prime
Black swan events by definition are rare, difficult to predict, and have severe consequences. I remember my first encounter with one such unusual, distressing event
Small businesses at a higher risk of credit default due to pandemic: Cibil–Deccan Chronicle
Mumbai: Small business credit of Rs 2.32 lakh crore is at the highest risk of default, and micro enterprises having loan outstanding of less than
How easing lockdown rules will impact workers and companies – The Hindu BusinessLine
Labour markets are up for short- to long-term changes as new rules will ramp up overhead costs, bring in wage fluctuations and hamper optimal use
COVID-19 crisis: Working capital crunch hits Gujarat ceramic cluster – The Financial Express
Nearly 25% to 30% of the Morbi ceramic cluster’s total production is being exported to over 170 countries across the world. Nearly 900 units in
Fighting COVID-19: Govt may roll out fiscal package 2.0 today – The Financial Express
Nevertheless, as many as 69% of respondents in a Ficci-commissioned survey have indicated that measures initiated so far by the government are inadequate and called
Finance Minister stipulates time frame for banks to disburse loans; move comes as lenders turning risk averse – The Hindu
In a communication to State-run banks, the government said the move is aimed at ensuring credit flow for economic activities and the guidelines come into
For special measures for small NBFCs–Economic Times
The coronavirus lockdown has led to a cash crunch for India’s large shadow banking system. The Reserve Bank of India (RBI) and the government must
Over 40% of defence MSMEs face closure within 3 months – The Economic Times
The coronavirus crisis-led lockdown could wipe out about 40% of the defence sector’s micro, small and medium enterprises within three months unless a support package
Deficit funding to rate cuts are India’s options to fight virus – The Economic Times
Analysts say Governor Shaktikanta Das will need to do a lot more in coming weeks. With a limited fiscal response so far, the Reserve Bank
