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
Category: MSME-Startup
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
Champions portal: MSMEs’ grievance redressal up 38% since Jan; this many complaints resolved so far – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-champions-portal-msmes-grievance-redressal-up-38-since-jan-this-many-complaints-resolved-so-far/2339778/ Technology for MSMEs: Launched by PM Modi last year, the portal allows MSME associations, units, employees, and aspiring entrepreneurs, etc. to file complaints,
2 in 3 Indian SMBs suffered over Rs 3.5 crore business loss in post-pandemic cyber attacks: Survey – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-2-in-3-indian-smbs-suffered-over-rs-3-5-crore-business-loss-in-post-pandemic-cyber-attacks-survey/2338676/ Technology for MSMEs: Beyond the loss of customer data, SMBs lost internal emails, employee data, data related to intellectual property, and financial information.
Why liquidity is paramount for a business – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-why-liquidity-is-paramount-for-a-business/2337194/ A business may be very profitable but have a cash crunch which can bring its activities to an abrupt halt Companies and corporate
icici bank: ICICI Bank to offer instant overdraft to sellers registered on Amazon India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/icici-bank-to-offer-instant-overdraft-to-sellers-registered-on-amazon-india/articleshow/86549718.cmsSynopsis The new credit assessment method offers convenience to the sellers as it does away with the paper-intensive bank statements or income tax returns
HDFC Bank Loan Policy: HDFC Bank’s loan restructuring 2.0 policy: Terms and conditions, eligibility, charges – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/hdfc-banks-loan-restructuring-2-0-policy-terms-and-conditions-eligibility-charges/articleshow/86548784.cmsSynopsis Various banks have announced the terms and conditions for availing their loan restructuring 2.0. Here is a look at the FAQs of HDFC
Amazon’s ‘Great Indian Festival’ to begin on Oct 4; over 75,000 local shops to participate – BusinessToday
Clipped from: https://www.businesstoday.in/latest/corporate/story/amazons-great-indian-festival-to-begin-on-oct-4-over-75000-local-shops-to-participate-307534-2021-09-24 Furthering its commitment to support Small Medium Businesses (SMBs), the e-commerce giant has stated that Amazon GIF 2021 is dedicated to 8.5 lakh
Amazon’s ‘Great Indian Festival’ to begin on Oct 4; over 75,000 local shops to participate – BusinessToday
Clipped from: https://www.businesstoday.in/latest/corporate/story/amazons-great-indian-festival-to-begin-on-oct-4-over-75000-local-shops-to-participate-307534-2021-09-24 Furthering its commitment to support Small Medium Businesses (SMBs), the e-commerce giant has stated that Amazon GIF 2021 is dedicated to 8.5 lakh
SME Chatroom: ‘ITC available based on IGST payment shown in bill of entry’ | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/sme-chatroom-itc-available-based-on-igst-payment-shown-in-bill-of-entry-121092000685_1.html In the case of related party transactions, where contemporaneous imports/exports are not available, the matter goes to the Special Valuation Branch for further
Over 40% of Indian unicorns have been created in 2021 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/over-40-of-indian-unicorns-have-been-created-in-2021/article36585307.ece?homepage=true This picture is used for representational purpose only. – z_wei This picture is used for representational purpose only. – z_wei× A unicorn is
aniltikotekar4sme.com 