NEW DELHI: Micro, small and medium enterprises, which form the backbone of Indian industry, will need to be supported by the government to kick-start the economy after lockdown is lifted, according
Category: MSME-Startup
Govt increases loss coverage for micro loan defaults to 75% from 50% earlier – The Economic Times
New Delhi: The finance ministry has increased coverage of a lender’s loss in case of loan default under the Credit Guarantee Fund for Micro Units (CGFMU) scheme
Money, money everywhere but not a drop to those in need – The Economic Times
Mumbai: The Reserve Bank of India is throwing money from its rooftop so that banks lend. Yes, they are lending, but not to you and me, but the RBI itself. One
In the protracted fight against Covid-19, RBI has done all the heavy lifting to date – The Economic Times
This is not to say RBI hasn’t done a great deal. It has done most, if not all, of ‘whatever it takes’ and without any
Now, all eyes on fiscal package | Deccan Herald
By Suvashree Ghosh, Subhadip Sircar, Nupur Acharya and Vrishti Beniwal India’s government and central bank are trying to cushion an economy that was slowing even
RBI Governor expects a V-shaped recovery for India in 2021-22 – The Economic Times
The governor said that in the period ahead, inflation could recede even further, barring supply disruption shocks and may even settle well below the target
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
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
