The Union Cabinet on Wednesday approved an ordinance amending the Insolvency and Bankruptcy Code (IBC). This follows suggestions made by a 14-member Insolvency Law Committee,
Category: MSME-Startup
Pradhan Mantri Mudra Yojana: Finance ministry ties up with e-commerce firms to give loans – The Financial Express–24.05.2018
The finance ministry has joined hands with over two dozen e-commerce firms, including major players like Amazon, Flipkart, Ola and Uber, to provide easy finance to small
SME and retail credit should grow at 18-20% per annum for next 10-15 years: Rashesh Shah – The Economic Times–23.05.2018
Edelweiss has a run rate of 35-40% growth. Do you think that kind of a run rate is here to stay for next three, four,
SME Growth: What’s in a classificati? Everything if you are an MSME–18.05.2018
V Sriram The recent move (February 7, 2018) of the Union Cabinet to change classification norms for MSMEs from ‘investment in plant and machinery/equipment’ to ‘annual turnover’ is a
MSMEs: Centre to double credit guarantee to MSMEs – The Economic Times–12.05.2018
In a bid to tackle trade finance woes of micro, small and medium enterprises (MSMEs), the Union Government announced that it would double the credit
Bullying of SMEs by large players must stop – Business Line–09.05.2018—–*****
Large customers call the shots when it comes to making payments to small units; the govt can help end this practice Every conference, seminar and
New GST returns may remove the leeway given to companies with less than Rs 1.5 cr turnover – Business Line–08.05.2018
This guideline will, however, help the system move towards invoice matching, which can check tax evasion The new single-page return and the transition process approved
As NPAs rise, banks strengthen credit monitoring departments – Business Line–27.04.2018
Banks are strengthening their credit monitoring departments to ensure that loans don’t get into restructuring mode, with attendant provisioning consequences, as the Reserve Bank of
succession planning: Planning a departure: Here’s how MSMEs can master an in-house succession plan – The Economic Times–26.04.2018
While the ancients propagate our earthly departure as the only truth, we live and act as immortals. The same holds true in the corporate world.
Suresh Prabhu: A new industrial policy will soon be announced, emphasis on MSME–Economic Times–24.04.2018
Opening the plenary session, the MSME Secretary, Arun Kumar Panda, said India is perhaps the only country to count Micro enterprises, and the total count
WhatsApp: How can SMEs use videos and Whatsapp to communicate faster and grow their business – The Economic Times–24.04.2018
When you communicate with video you get up, close and personal. You have the opportunity to inspire and ignite your customers and the world around
Falling apparel exports – Business Line–20.04.2018
India’s apparel exports have dropped about four per cent to $16.7 billion in 2017-18. This is alarming, as this is the first reversal after years
How SMBs can minimize COD failures and returns – The Economic Times–14.04.2018
By Saahil Goel Indian e-commerce is a strange mix of the new and the familiar. Spurred on by increasing internet access and smartphone penetration, industry estimates
GST: Yes Bank launches an industry first GST backed OD facility for MSMEs–Economic Times–14.04.2018
Yes Bank has announced the launch of ‘Yes GST’, an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs). Through this an MSME can avail OD up to
As labour-intensive sectors take a hit, exports dip in March – Business Line–14.04.2018
A fall in exports of gems & jewellery, petroleum products, readymade garments and farm products pulled down India’s overall exports (year-on-year) by a marginal 0.6
IBC: Government needs to re-look at certain provisions of IBC: Uday Kotak – The Economic Times–13.04.2018
Kotak said the rules of bidding should be like a prospectus where it should be clearly stated what is the basis on which the bids
MSME Ministry, GSTN to soon ink pact for data sharing–Deccan Chronicle–11.04.2018
The MSME ministry will soon sign an agreement with GSTN, the IT backbone of GST, for sharing of data related to small and medium enterprises
home loans: Self-employed pie in home loan grows, so do defaults – The Economic Times–11.04.2018
HFCs also get better returns from lending to the self-employed. A subdued loan demand from businesses is increasing competition in home loans, leading to a
Clear the banking mess and let small businesses thrive–Economic Times–11.04.2018
It is disconcerting that half the country’s state-owned banks are now under the RBI’s watch-list for their deteriorating health. Reportedly, more banks could come under
Checking NPAs: 11 public sector banks now on RBI watchlist, small firms face credit crunch | The Indian Express–09.04.2018
Government sources also confirmed that at least three-four more banks are expected to be brought under the PCA framework because of deteriorating performance. Lending to
