Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-nfra-seeks-suggestions-on-whether-msmes-should-be-exempted-from-mandatory-statutory-audit-to-ease-compliance-burden/2341360/ Ease of Doing Business for MSMEs: NFRA said that the regulations relating to financial reporting and auditing ‘should not impose undue burden and
Category: MSME-Startup
BSE receives in-principle approval from RBI for TReDS business – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/bse-receives-in-principle-approval-from-rbi-for-treds-business/articleshow/86780182.cmsSynopsis The TReDS platform will bring all the aforesaid participants together for facilitating uploading, accepting, discounting, trading and settlement of the invoices, bills of
Jupitice launches digital court to resolve disputes in MSME sector – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/jupitice-launches-digital-court-to-resolve-disputes-in-msme-sector/articleshow/86751237.cmsSynopsis The AI-driven platform will resolve disputes that include civil, commercial, personal, consumers under the Private Justice System. NEW DELHI: India digital court, developed by Jupitice Justice
FIDC seeks refinance mechanism for NBFCs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fidc-seeks-refinance-mechanism-for-nbfcs/article36817715.ece?homepage=true Further suggests arbitration should be considered a valid legal step taken for debt recovery under the ECLGS scheme. Finance Industry Development Council (FIDC)
Retail and MSMEs likely to see rise in slippages, say bankers | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/retail-and-msmes-likely-to-see-rise-in-slippages-say-bankers-121100400022_1.html The current level of NPAs masks the actual pain due to restructuring done under regulatory packages, both in 2020 and this year Rating
Rs 20k crore Subordinate Debt: Govt extends scheme till March 2022 but do MSMEs need it? | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-do-msmes-need-rs-20000-crore-subordinate-debt-scheme-thats-been-extended-till-march-2022/2343557/ Credit and Finance for MSMEs: The scheme’s purpose was to provide guarantee coverage for CGSSD to offer subordinate debt support with respect to
ECLGS: Govt extends emergency credit scheme till March 31 next year; here’s what MSMEs want – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-eclgs-what-msmes-want-this-time-with-likely-extension-of-modi-govts-emergency-credit-scheme/2340391/ Credit and Finance for MSMEs: As of September 24, 2021, over Rs. 2.86 lakh crore worth of loans were sanctioned under the scheme
Delayed payment applications filed by MSMEs near a whopping 1-lakh mark: Govt data – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-applications-for-clearing-over-rs-24k-crore-worth-msme-payments-filed-since-launch-of-msme-samadhaan-portal/2342813/ Ease of Doing Business for MSMEs: Out of the total applications filed, only 10 per cent (9,381) applications involving Rs 1,685 crore were
Modi govt’s MSME job portal: Only 54 vacancies currently for 4.73 lakh job seekers – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/msme-skil-modi-govts-msme-sampark-job-portal-only-54-vacancies-currently-for-4-73-lakh-job-seekers/2342869/ Skill, Labour, Talent for MSMEs: The number of jobseekers was up by only 1.49 per cent from 4.66 lakh as of September 7, 2020,
MSMEs may soon get exemption from mandatory statutory audit; NFRA seeks suggestions on proposed move – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/msme-eodb-nfra-seeks-suggestions-on-whether-msmes-should-be-exempted-from-mandatory-statutory-audit-to-ease-compliance-burden/2341360/ Ease of Doing Business for MSMEs: NFRA said that the regulations relating to financial reporting and auditing ‘should not impose undue burden and
MSME Credit Growth August 2021: Bank credit to micro, small enterprises up only 1.1% from year-ago, shows RBI data | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-micro-small-enterprises-get-only-1-1-more-credit-from-banks-in-august-vis-a-vis-year-ago/2343390/ MSME Credit Growth August 2021: The share of MSEs in the country’s overall gross bank credit of Rs 108.97 lakh crore in August
IIIPI panel lays out norms for RPs in MSME pre-pack – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/iiipi-panel-lays-out-norms-for-rps-in-msme-pre-pack/articleshow/86669104.cmsSynopsis Personal guarantees will likely get a disproportionate share of attention as experts craft the broad role definitions for professionals handling pre-packaged debt resolutions
RBI opens third cohort under the Regulatory Sandbox – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-opens-third-cohort-under-the-regulatory-sandbox/articleshow/86680929.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “The MSME segment has emerged as the growth engine of Indian economy contributing significantly to the economic and social development of the country
Big Billion Days 2021: Over 5,000 offline brand stores add to Flipkart’s seller base this festive season – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-over-5000-offline-brand-stores-to-sell-on-flipkart-this-festive-season/2341421/ Ease of Doing Business for MSMEs: Flipkart had last week announced dates for its annual festive sale from October 7 to October 12
MSMEs may soon get exemption from mandatory statutory audit; NFRA seeks suggestions on proposed move – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-nfra-seeks-suggestions-on-whether-msmes-should-be-exempted-from-mandatory-statutory-audit-to-ease-compliance-burden/2341360/ Ease of Doing Business for MSMEs: NFRA said that the regulations relating to financial reporting and auditing ‘should not impose undue burden and
How has the implementation of e-invoicing boosted the growth of businesses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/how-has-the-implementation-of-e-invoicing-boosted-the-growth-of-businesses/article36771050.ece It has helped streamline invoice management, increased efficiency in accounts receivables management and has also reduced audit risks The Indian e-invoicing vision &
SBI loan restructuring 2.0: Terms, who is eligible, how to apply – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/sbis-loan-restructuring-2-0-terms-who-is-eligible-how-to-apply/articleshow/86578916.cmsSynopsis The country’s largest public sector lender, State Bank of India (SBI) has released the guidelines adopted by the bank with regard to implementation
TReDS: Invoicemart finances MSME invoices worth $2 billion – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/invoicemart-finances-msme-invoices-worth-2-billion/articleshow/86613128.cmsSynopsis Digital transformation and adoption of invoice financing platforms like TReDS has helped MSME vendors to get early payments and bounce back to pre-COVID
Walmart: 2,500 Indian MSMEs complete first phase of training programme Vriddhi to become suppliers – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-walmart-2500-indian-msmes-complete-first-phase-of-training-programme-vriddhi-to-become-suppliers/2340562/ Ease of Doing Business for MSMEs: According to the company, Walmart Vriddhi is a growth and learning platform comprising of training and support
Raise a toast to our startup champs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/raise-a-toast-to-our-startup-champs/articleshow/86564439.cmsSynopsis This year’s instalment of the ET Startup Awards have announced winners in 9 categories from a shortlist of 45 companies in a whole
