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
Category: MSME-Startup
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
Registration mandatory under MSME Act – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/registration-mandatory-under-msme-act/article36555608.ece?homepage=true A question that often arose was whether the counter parties — the buyers — would, despite, not being MSMEs, be able to raise
Putting India’s exports on a sustained growth path – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/putting-indias-exports-on-a-sustained-growth-path/2334797/ The government needs to invest in transport and logistics rather than rely on ad hoc export promotion measures, which have failed to boost
Banks should not ‘try to imitate’ fintech in process of re-imagination of biz models: Ex RBI deputy governor Mundra – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/banks-should-not-try-to-imitate-fintech-in-process-of-re-imagination-of-biz-models-ex-rbi-deputy-governor-mundra/2334846/ Growingly, it is looking like banks are evolving as the fintech companies, which also do the business of accepting deposits and do lending,
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