Should the countrywide lockdown continue after April 14? It depends on how fast the virus spreads over the remaining week of the lockdown, and, on
Category: MSME-Startup
covid-19: ‘Covid-19 the last nail in the coffin, this is the gloomiest time ever,’ say MSMEs – The Economic Times
Experts also suggest that since the availability of skilled labour will be an issue post such migration, MSMEs need to invest in low cost automation
unemployment: About 400 million workers in India may sink into poverty: UN report – The Economic Times
UNITED NATIONS: About 400 million people working in the informal economy in India are at risk of falling deeper into poverty due to the coronavirus
Relief from moratorium and rate cuts are proving elusive for retail borrowers – The Hindu BusinessLine
As livelihoods suffer severe setbacks from Covid-19 and the state-imposed lockdown, Indian policymakers have been quite stingy with their direct support measures targeted at households.
70% of India’s economy hit by lockdown, 10 crore jobless, says Subhash Chandra Garg | Deccan Herald
“The 21-day lockdown would hit 70 per cent of India’s economy but has already rendered at least 10 crore workers of the mining, construction, manufacturing and
Lockdown and rewiring banks | Business Standard Column
With the spread of Covid-19, governments have mandated lockdowns and social distancing, thereby creating a paradigm shift in the working of banks, from a traditional
Looking beyond the lockdown: Re-orient economic policy towards the poor | Deccan Herald
S G Vombatkere, Migrant workers carry sacks of groceries distributed at their workplace during a government-imposed nationwide lockdown as a preventive measure against the coronavirus.
Job cuts on anvil: Small, medium retailers may layoff this many employees as Covid-19 kills liquidity – The Financial Express
Skilling, Labour, Talent for MSMEs: Small and medium retailers in the country are heading towards manpower rationalisation amid financial pressure and liquidity crisis due to Coronavirus
SIDBI announces additional package for MSMEs to help fight against COVID-19 | Deccan Herald
The Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small and Medium Enterprises
COVID-19 impact: Banks to witness spike in credit costs, non-performing assets in 2020
Banks in the country are likely to witness a spike in their non-performing assets ratio by 1.9 per cent and credit cost ratios by 130
Businesses likely to face challenges in preparing financial reports in FY21 | Business Standard News
On April 1 every year, businesses unroll their budgets and targets for the new financial year. This financial year — FY21 — is different. As a relief from the
Hsg socs to compile data on all staffers–Times of India
Exercise will help enrol these people under a central government pension scheme Any effort to come to the rescue of the daily wagers and those who work in
The MSME sector is critical in times of Covid-19 – analysis – Hindustan Times
A large fraction of India’s firms are small, informal and operate in the unorganised sector. Recent annual reports on Micro, Small and Medium Enterprises (MSMEs)
‘Exempt sales and service of farm equipment from lockdown’ – The Hindu BusinessLine
Farm machinery makers are seeking exemption from the lockdown to run their sales and service centres to cater to the farmers’ requirement during the rabi
Coronavirus: Trade credit insurance sector may see rise in claims | Business Standard News
So far, there has not been a noticeable impact of the current pandemic situation on trade credit insurance Non-life insurers are keeping a close watch
Coronavirus would reset distances, labour market: Experts – The Economic Times
By Dinesh Narayanan COVID-19 CASES WorldIndia The sudden displacement of migrant labour would have far-reaching impact on the Indian economy and states should be prepared
New CBIC circular: Import, export of goods without furnishing bonds to Customs authorities allowed – The Financial Express
The CBIC said it has approved relaxation of the requirement to submit bonds. CBIC Circular: The Central Board of Indirect Taxes and Customs (CBIC) on
Measures that can boost MSMEs during Covid-19 lockdown – The Economic Times
By Sampad Swain Businesses have been taking a hit due to Covid-19 lockdown. The supply chain has been disrupted, imports are down, and markets are
Centre may go for staggered exit from lockdown – The Hindu BusinessLine
Modi seeks formulation of common exit strategy in meeting with Chief Ministers Prime Minister Narendra Modi, in a meeting held with Chief Ministers via video-conferencing
Banks may ask RBI for breather on lump sum repayment of deferred interest – The Hindu BusinessLine
Banks may move the Reserve Bank of India (RBI) to allow businesses and individuals availing working capital facilities more time to repay the interest in
