New Delhi: The Employees Provident Fund Organisation (EPFO) and Employees State Insurance Corporation (ESIC) have been asked to collate data on job losses, salary cuts and
Category: MSME-Startup
RBI announcements today: RBI announces second tranche of liquidity boost; cuts reverse repo by 25 basis points, Rs 50,000 crore TLTRO 2.0 for NBFCs – The Economic Times
The RBI today announced a second tranche of liquidity boost for the economy wth a 25 basis point reverse repo cut taking it to 3.75 per cent from 4
Layoffs: Labour ministry to compile data on layoffs, pay cuts – The Economic Times
New Delhi: The Employees Provident Fund Organisation (EPFO) and Employees State Insurance Corporation (ESIC) have been asked to collate data on job losses, salary cuts and
Covid-19: Big relief for MSMEs in IT/ITeS as govt waives off rent for units based in tech parks – The Financial Express
Technology for MSMEs: The government has decided to provide relief to IT/ITeS MSMEs and startups based in Software Technology Parks of India (STPI) amid Covid-19 crisis
Lenders want more time to finalise working capital needs of large firms | Business Standard News
If a fresh assessment of working capital requirement is to be done in view of the Covid crisis, that will have to be by the
Banks to seek extension of moratorium on loan repayments beyond June | Business Standard News
The Reserve Bank of India had on March 27 allowed banks and finance companies to offer a moratorium of three months on payment of instalments
Covid-19 impact: Banks raise concern over fresh NPAs of Rs 50K crore | Business Standard News
Public sector banks (PSBs) on Thursday flagged concerns to the Union government over loans worth over Rs 50,000 crore turning into non-performing assets (NPAs) for March, as
If States say yes, e-commerce players can sell all goods – The Hindu BusinessLine
From next week, e-commerce companies are free to deliver all goods, including those not marked essential, provided they get the necessary permits from State government
Workers face income loss of Rs 4.05 lakh crore due to lockdown, SBI report – The Hindu BusinessLine
State Bank of India’s economic research department has cut its GDP growth estimates for FY21 from 2.6 per cent to 1.1 per cent, with the
Start-ups standing tall during tough times for job seekers – The Hindu BusinessLine
Just about a month back, 33-year-old IT professional Siddhi Arora decided to restart her career after a one-and-half year maternity break. But, the global pandemic
Hotels, restaurants support lockdown extension but expect whopping 70% job loss without govt relief – The Financial Express
Ease of Doing Business for MSMEs: The national body for hotels and restaurants associations – The Federation of Hotel & Restaurant Associations of India (FHRAI) said
Coronavirus outbreak: Rs 1,000 crore of Gujarat’s cotton yarn exporters stuck – The Financial Express
Nearly Rs 1,000 crore of Gujarat’s cotton yarn exporters have been stuck due to closure of domestic and international courier services in wake of the
Bring in the MSME relief package–Economic Times
The national Covid-19 lockdown and consequent loss of production call for a package of proactive measures to boost credit availability for India’s micro, small and
Mohan Guruswamy: Where’s the money? Just shake the tree and pick the fruits that fall–Deccan Chronicle
The economic cost of the Covid-19 pandemic is going to be huge. A shutdown for a month literally means a hole of at least 8.5
Grocery Home Delivery: Government taps logistics firms to link consumers with kirana shops | India Business News – Times of India
NEW DELHI: The government is ready with a scheme to get kirana stores to directly deliver essential goods at your doorstep using the network of
Banks start offering loan moratorium to NBFC-MFIs – The Financial Express
Some private sector and foreign banks have begun offering the loan moratorium to their microfinance institution (MFI) borrowers, even as confusion prevails over whether the
Banks start offering loan moratorium to NBFC-MFIs – The Financial Express
Industry executives said that each bank is following its own strategy when it comes to offering the moratorium to MFIs. Some private sector and foreign
Up from 6 lakh accounts so far, govt aims at restructuring this many additional MSME loans soon – The Financial Express
Ease of Doing Business for MSMEs: MSME minister Nitin Gadkari has urged micro, small and medium enterprises to consider the current crisis as an opportunity instead
Government to soon clear Rs 10,000 crore ‘Fund of Funds’ for MSMEs with high credit rating: Nitin Gadkari – The Economic Times
NEW DELHI: A Rs 10,000 crore “Fund of Funds” will soon be approved by the government to buy up to 15 per cent equity in MSMEs with
covid-19: Faircent launches ‘Anti Lockdown Loans’ to help ease liquidity pressure amid Covid-19 – The Economic Times
NBFC-P2P lender, Faircent.com, on Wednesday announced the launch of a new loan offering “Anti-Lockdown Loans” to help credit-worthy businesses and individuals access credit to meet their
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