The GST Council is scheduled to discuss a plan to increase the registration threshold, which the law committee had proposed should be Rs 40 lakh,
Category: MSME-Startup
Relief for 2 mn small businesses as GST exemption doubled to Rs 40 lakh | Business Standard News
In a bid to give relief to small businesses, the GST Council Thursday doubled the limit for exemption from payment of goods and services tax (GST) to
Release Mudra funds for small and medium NBFCs: CEOs to RBI Guv – The Hindu BusinessLine
Banks raising interest rates a major pain point, say NBFC heads Non-banking finance companies (NBFC) have urged the Reserve Bank of India to enable the
Transunion Cibil: Retail loan in a minute, but SME loan in 15 days needs to change: Satish Pillai, TransUnion CIBIL – The Economic Times
NBFCs loan growth hinges on how they are replacing cash. It is not necessarily about more sales, Satish Pillai, MD & CEO, TransUnion CIBIL, tells ET Now. Edited excerpts:
RBI: RBI Governor apprised of SMEs credit woes, seek creation of revival scheme for stressed MSMEs – The Economic Times
rbi-ap.webp6.5 KB As per RBI data, India’s MSME sector contributes to nearly a third of the gross domestic product, accounting for about 45% of manufacturing
Lenders need to factor in parameters beyond credit bureau support: Transunion-Cibil – The Economic Times
Lenders need to look beyond credit bureau in assessing risks of MSME lending and detecting early warning signal, as borrowing from multiple borrowers is getting increasingly risky,
MSME: Stacked loans and those sanctioned by multiple lenders prone to higher NPA risks: Report – The Economic Times
Stacked loans by borrowers have a higher potential of turning into Non-Performing Asset (NPAs), reveals the recently released TransUnion CIBIL- SIDBI MSME Pulse Report. The latest report
A Leg-up for MSMEs: Interests of operational creditors to be secured under insolvency code – The Financial Express
Currently, only financial creditors are part of the CoC that decides on a resolution plan and selects the winning bidder. Operational creditors (OCs), mostly MSMEs,
GST Council: GST ministerial panel favours Kerala levying 1% cess for 2 years
The ministerial panel under Bihar Deputy Chief Minister Sushil Modi Sunday approved levy of 1 per cent ‘calamity cess’ by Kerala for a period of two years
Watch: RBI guv on liquidity crunch, support for MSME sector – The Economic Times Video | ET Now
Governor Shaktikanta Das while speaking to the media said that the RBI circular to help MSME sector with loans up to rupees 25 crore needs
RBI sets up panel under ex-Sebi chief U K Sinha to suggest measures for MSMEs – The Economic Times
The Reserve Bank Wednesday set up an expert committee under former Sebi chairman U K Sinha to suggest long-term solutions for the economic and financial sustainability of the MSME
GST: Ministerial panels on GST relief to MSMEs, levy of calamity cess to meet today – The Economic Times
Currently, businesses with annual turnover of up to Rs 20 lakh are exempt from the Goods and Services Tax Two ministerial panels under the GST Council will
Small businesses likely to be off GST radar; council to decide on Thursday | Business Standard News
The Goods and Services Tax (GST) Council will take a decision on increasing the turnover threshold for mandatory registration under the ambit of GST on
Reserve Bank of India: RBI’s new year giveaway may hurt credit culture
By Rahul Satija Indian central bank’s decision to allow a one-time restructuring of some loans to small businesses is bound to foster indiscipline among borrowers. That’s the
RBI: ICICI Bank, Small Business FinCredit join hands to provide loans to MSMEs – The Economic Times
ICICI Bank Friday said it has singed a memorandum of understanding with Small Business FinCredit India Pvt Ltd (SBFC) to jointly provide credit to micro,
MSMEs need more access to formal finance–Economic Times
Tensions are defusing between the government and the Reserve Bank of India. A proof of a rapprochement is the RBIs latest decision on concessions to
Unavoidable option – The Hindu BusinessLine
RBI’s lifeline to MSMEs was inevitable given the extraneous events that have landed them in crisis The evergreening of large corporate loans is at the
RBI: Reserve Bank of India surprises by reversing debt revamp stance – The Economic Times
by Ronojoy Mazumdar The Reserve Bank of India will permit lenders to restructure stressed loans to small companies, breaking from a five-year-old policy of eschewing sweeping corporate
MSME: RBI provides 1-year loan rejig window for MSMEs
The Reserve Bank of India (RBI) has opened a loan-restructuring window for micro, small and medium enterprises (MSMEs) for a year, yielding to a key demand of
RBI loan recast gift to MSMEs: Proposed to Urjit Patel, applied by Shaktikanta Das, hailed by Gurumurthy – The Financial Express
The loan restructuring plan for MSMEs, then called by Fitch Ratings as a “step backwards” when proposed in November, has now been hailed by S
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