The lack of basic understanding of financial products and services is hindering the progress of MSMEs, a senior RBI official has said. Micro, small and
Category: MSME-Startup
Acknowledge that Make in India has failed–Deccan Chronicle
Make in India was launched in September 2014. On his website (pmindia.gov.in), the Prime Minister explains that “since years policymakers have been debating how to
Economic slowdown hits factories hard in Coimbatore | Deccan Herald
A Unnikrishnan, 51, used to make Rs 25,000 a month till about five months ago when he ran a lathe workshop that embellished spare parts
Amazon, Flipkart seek rollback of new tax on online sellers – The Economic Times
NEW DELHI: Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling
Public Credit Registry to catalyse MSMEs’ financial inclusion: Enkash – The Economic Times
Public credit registry (PCR) – being pushed by the Reserve Bank of India is aimed at capturing the details of all borrowers and willful defaulters.
Expand scope of reverse charge–Economic Times
The Central Board of Indirect Taxes and Customs (CBIC) reportedly wants its field officers to recover Rs 46,000 crore of unpaid interest on delayed goods
Overcoming challenges of Land, Labour & Capital – The Economic Times Video | ET Now
MSMEs in the country face many challenges, but the primary issues center around availability of land, problems with labour and access to capital. In fact,
Startups: Queue of startups rushing to register abroad gets longer–Economic Times
BENGALURU: More Indian startups are incorporating their businesses overseas. Singapore, the United States, the United Kingdom, the Netherlands and the United Arab Emirates are being preferred due
Amazon tells court CCI order lacks ‘factual backing’; claims no preferential treatment to sellers – The Financial Express
The case was listed for hearing on Wednesday. Two-days after the e-commerce company Amazon filed a writ petition in the Karnataka High Court seeking a stay on
Do SMEs, startups need GST registration? Eligibility, exemption, key things to know before applying – The Financial Express
By Tanvi Loond All supplies of goods or services or both attract Goods and Services Tax (GST) at specified rates. In order to understand the requirement
MSME delayed payments: Bill discounting platform to end cashflow crisis if existing loopholes are closed – The Financial Express
By R Narayan Credit and Finance for MSMEs: The Reserve Bank of India (RBI) in 2017 instituted an online bill-discounting platform called The Trade Receivable Discounting
Growth in bank lending to small businesses remain flat in FY20 so far; here’s what RBI data shows – The Financial Express
Credit and Finance for MSMEs: Credit growth to micro and small enterprises (MSE) by banks remained contracted for December 2019 also in the current financial year,
A new kind of harassment: Government notice seeking information | Business Standard Column
A new kind of harassment has appeared in India. It’s the notice that seeks information. Sounds reasonable till you see what sort of information is
MSME: MSME restructuring extension signify RBI’s shift in stance on asset quality, transparency: Fitch – The Economic Times
NEW DELHI: The RBI extending the MSME loan restructuring scheme and allowing relaxation in asset classification for certain real-estate projects signify a gradual shift away from the
RBI issues notification on CRR leeway for new retail, MSME loans – The Financial Express
The Reserve Bank of India (RBI) said on Monday that banks need not maintain the cash reserve ratio (CRR) on new loans given between January
Small businesses had 69% less opportunity to network with government buyers and sell products in FY19 – The Financial Express
Trade, Imports, Exports for MSMEs: The MSME Ministry in order to connect the buying organisations and MSE sellers and understand the formers’ demands and help them
Banks to get 5-year CRR relief for lending to auto, housing, MSMEs | Business Standard News
The Reserve Bank of India (RBI) on Monday said banks would not be required to maintain the cash reserve ratio (CRR) for five years on their deposits
RBI offers CRR exemption to banks for lending to auto, housing, MSMEs–Business Today
The central bank said banks can claim first such deduction from net demand and time liabilities of 14 February for CRR exemption In a bid
Budget 2020-2021: Measures to boost supply chain finance for MSMEs is well-intended – The Economic Times
By Arun Singh In India, over 81 million economic entities, excluding those involved in crop production, public administration and defense, are estimated to be operational. But
Loans for auto, homes and SMEs likely to get a boost – The Economic Times
Home loans, vehicle loans and loans to MSMEs accounted for 22.4% of gross bank credit as of end December. The central bank Thursday sought to
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