Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/process/how-to-build-a-competitive-export-ready-business/articleshow/88726431.cmsSynopsis Whether you are an importer or exporter, make sure you understand the different incoterms thoroughly so that the responsibilities of both the parties
Category: MSME-Startup
GST hike on textiles will put financial burden on 85% population if not withdrawn: Traders to Piyush Goyal – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-gst-hike-on-textiles-will-put-financial-burden-on-85-population-if-not-withdrawn-traders-to-piyush-goyal/2398296/ Ease of Doing Business for MSMEs: In November 2021, the government had notified uniform GST at 12 per cent on man made fibre (MMF), MMF yarn, MMF
Why lakhs of MSMEs haven’t yet registered on Udyam portal despite govt schemes? Here’s what data suggests – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-do-lakhs-of-msmes-no-longer-want-benefits-of-msme-registration-heres-what-govt-data-suggests/2397353/ Ease of Doing Business for MSMEs: As of January 3, 2022, 60,65,339 were microenterprises registered on the Udyam portal followed by 3,14,332 small and 34,102
Micro lenders seek extension of credit guarantee scheme in Union Budget | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/micro-lenders-seek-extension-of-credit-guarantee-scheme-in-union-budget-122010500794_1.html Seek allocation of Rs 15,000 cr for FY23, of which at least 75% should be earmarked for small and mid-size MFIs Sa-Dhan, the
MSMEs: Engines of growth for new India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/msmes-engines-of-growth-for-new-india/article38101722.ece From easing access to credit to leveraging the PLI scheme, MSMEs can tap into a range of policy initiatives In November 2021 the
Web3 social discovery platform Wall.app raises $1 million – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/web3-social-discovery-platform-wall-app-raises-1-million/articleshow/88668633.cmsSynopsis Wall.app is a platform where people can discover what NFTs’ top collectors are buying, meet people from various communities and interact with each
Deferral of GST hike: Textiles sector pins hopes on better options – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/textiles-sector-pins-hopes-on-better-options/article38094094.ece Proposes alternatives, including ones that can correct inversion, generate revenue The GST Council’s last-minute deferment of a proposed rate hike for lower-end textile
Start-ups to scale-ups – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/2021-was-great-for-start-ups-its-time-to-shift-gears-amidst-financial-uncertainty/article38093623.ece 2021 was great for start-ups. It’s time to shift gears amidst financial uncertainty The trends emerging from 2021 indicate that India’s startup ecosystem
Traders would be compelled to shut businesses in absence of level playing field: CAIT to Piyush Goyal – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-traders-would-be-compelled-to-shut-businesses-in-absence-of-level-playing-field-cait-to-piyush-goyal/2396433/ Ease of Doing Business for MSMEs: E-commerce rules were first notified by the government in July 2020. However, amendments were proposed in June
MSME: Role of MSMEs crucial for India to become a $5-trillion economy, says Kant – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/role-of-msmes-crucial-for-india-to-become-a-5-trillion-economy-says-kant/articleshow/88605491.cmsSynopsis The MSME sector is the backbone of the Indian economic structure and has a very important role in buffering it from global economic
NSE sees 100th firm migration from SME patform to main-board | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/nse-sees-100th-firm-migration-from-sme-patform-to-main-board-121123000880_1.html The exchange’s SME Platform — EMERGE — was launched in 2012 and has been providing a viable and sustainable option for SMEs to
Success rate for discounting MSME receivables on TReDS improved in FY21: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/success-rate-for-discounting-msme-receivables-on-treds-improved-in-fy21-rbi/article38061450.ece TReDS is an electronic platform for facilitating the financing/discounting of trade receivables of MSMEs through banks and non-banking finance companies The success rate
Banks’ asset quality ‘may get dented’ as special schemes end: RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-asset-quality-may-get-dented-as-special-schemes-end-rbi-report-121122801157_1.html Credit growth muted as pandemic risk to economy remains, says central bank in annual analysis. Photo: Shutterstock The Indian financial system’s asset quality
Recast scheme to stay afloat, says RBI Trend & Progress report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/recast-scheme-to-stay-afloat-says-rbi-trend-progress-report-121122900048_1.html The restructured plan included additional time for repayments, more funding support, and conversion of part of working capital into term credit. Representative image
Algo rhythm: Small and medium-sized businesses path to cloud | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/algo-rhythm-small-and-medium-sized-businesses-path-to-cloud-121122700009_1.html 83% of enterprise businesses say cloud solutions have helped their business recover from Covid-19 54% of traditional SMBs believe cloud solutions have aided
₹1.16-lakh crore MSME advances restructured since 2019 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/116-lakh-crore-msme-advances-restructured-since-2019/article38058087.ece Scheduled Commercial Banks (SCBs) have restructured micro, small and medium enterprise (MSME) advances aggregating to ₹1,16,332 crore since January 1, 2019. The total
‘Amazon Web Services helped start-ups optimise cloud costs by 30% during the pandemic’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/amazon-web-services-helped-start-ups-optimise-cloud-costs-by-30-during-the-pandemic/article38049184.ece Kumara Raghavan, India Head – Startup Sales Segment, AWS, Amazon Internet Services Kumara Raghavan, India Head – Startup Sales Segment, AWS, Amazon Internet
How MSMEs can improve their credit risk scores – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-how-msmes-can-improve-their-credit-risk-scores/2390163/ Credit and Finance for MSMEs: SME credit risk assessment models typically rely on the 3 Cs approach—capital, character, and capacity. Ensure that key
Enabling SME financing: The three pronged market-led solutions that can make a difference – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/enabling-sme-financing-the-three-pronged-market-led-solutions-that-can-make-a-difference/articleshow/88466542.cmsSynopsis As per an IFC report, SMEs take up a miniscule 6-7% credit share and face a credit gap of close to $1.1 trillion.
India must nurture entrepreneurship in smaller cities: Piyush Goyal | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/india-must-nurture-entrepreneurship-in-smaller-cities-piyush-goyal-121122401117_1.html Around 45 per cent Indian start-ups are from tier 2 and 3 cities and 623 districts have at least one recognised start-up. Commerce
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