The date for opting for composition scheme has also been extended to June 30, 2020. To provide relief to businesses grappling with the economic impact
Category: MSME-Startup
india news: India needs stimulus plan or it risks crippling small businesses: Industry bodies – The Economic Times
MUMBAI: India’s small and mid-sized enterprises (SMEs) will struggle for survival if the government does not follow international counterparts in offering financial support to those
covid-19: Omidyar Network India announces Rapid Response Funding for Covid-19 – The Economic Times
MUMBAI: Omidyar Network India has announced a call for proposals for rapid response funding to tackle the challenges posed by the Covid-19 situation and the
SMEs: Covid-19 impact: FM Nirmala Sitharaman raises insolvency threshold of default to Rs 1 crore for MSMEs – The Economic Times
With this announcement, SMEs will not have to immediately stare at insolvency from actions taken by a bank or any other creditor. In order to
Social distancing a luxury that workers on Rs 152 a day can’t afford – The Economic Times
By Bibhudatta Pradhan and Archana Chaudhary Baby Devi has already lost 80% of her monthly earnings to the spread of the coronavirus — and the
aditya puri: Economy in ICU, says HDFC Bank chief, but downplays Covid risks to loan quality – The Economic Times
India’s longest serving bank chief Aditya Puri on Monday said that it was just a matter of time before the RBI and the government give
coronavirus lockdown violation: Venturing out during a lockdown? You may be booked under these clauses – The Economic Times
Strict adherence to government order has become the need of the hour. As the nationwide count crossed 430, various state governments have ordered a complete
Coronavirus outbreak: Bimal Jalan pitches for fiscal stimulus – The Economic Times
NEW DELHI: Former RBI governor Bimal Jalan has pitched for fiscal stimulus to mitigate the impact of coronavirus outbreak which, he said, could lower India’s
On lending by banks to NBFCs, HFCs to be part of priority sector in FY21: RBI – The Economic Times
Mumbai, Mar 23 (PTI) The Reserve Bank on Monday said bank credit to registered NBFCs towards agriculture, MSEs and housing sector up to prescribed limits
7.3 million jobs at stake, restaurant body writes to Finance Minister for financial bailout package – The Economic Times
Last week, the NRAI had issued an advisory to all its members to shut down their dine-in operations till 31st March, 2020. Citing the possibility
Time for RBI to buy corporate bonds–Economic Times
The Reserve Bank of India (RBI) has been vigorously conducting open market operations (OMO) and purchasing government bonds in the secondary market, to shore up
MSMEs may not survive if cash flow problem occurs amid lockdown, FICCI tells govt; suggests steps – The Financial Express
Credit and Finance for MSMEs: As MSMEs stare at a bigger cash flow problem ahead if the current lockdown continues by the government, there is
Loans to MSMEs, India lockdown to make Axis Bank’s bad loans worse | Business Standard News
Even when Axis Bank posted a few quarters of losses in the past years, its stock price didn’t come crashing as it did on Monday.
Covid-19 impact: MSMEs require support to survive, says industry expert | Business Standard News
Over 22% of the over 75 Million MSME’s units in India will be shut if the lockdown in cities extends beyond 4 weeks and a
MSMEs in Pune auto hub demand government’s intervention to tackle financial crisis – The Hindu BusinessLine
Say Covid-19 is ‘last straw’ amid plunging sales About 12,000 MSMEs in Maharashtra’s auto hub have demanded the government’s intervention to tackle the financial crisis
Not enough to douse corona fire, govt also needs a roadmap for recovery–Times of India
It would probably not be entirely misleading to suggest that until Prime Minister Narendra Modi’s broadcast last Thursday, or at least a day or two
India Inc seeks fiscal stimulus, moratorium on debt repayment to mitigate coronavirus impact – The Financial Express
To mitigate the impact of coronavirus outbreak on the economy, India Inc has sought a host of measures, including a year-long moratorium by banks on
Coronavirus crisis: Lower demand hits small businesses, startups hard; cost-cutting likely ahead – The Financial Express
The Coronavirus is having a detrimental effect on the health of startups and small businesses in India as many of them are staring at crippling
CII writes to PM Modi, seeks fiscal stimulus package of Rs 2 trillion | Business Standard News
CII writes to PM Modi, seeks fiscal stimulus package of Rs 2 trillion Suggests setting aside 1% of GDP for cash transfer scheme for poor
Banks to provide relief to borrowers whose operations are impacted by Covid-19 outbreak – The Hindu BusinessLine
The bank will give 10 per cent of a borrower’s existing Fund Based Working Capital Limits as loan Banks are likely to follow State Bank
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