Clipped from: https://www.thehindubusinessline.com/economy/start-ups-based-on-new-definition-can-now-bid-for-consultancy-other-services-of-govt/article35758436.ece Entity up to 10 years of existence, turnover up to ₹100 crore can be called a ‘start-up’ The Finance Ministry has incorporated a
Category: MSME-Startup
Reserve Bank of India gives corporate borrowers 6 more months to meet debt recast guidelines – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/reserve-bank-of-india-gives-corporate-borrowers-6-more-months-to-meet-debt-recast-guidelines/2306130/ Vivek Iyer, partner and national leader-financial services risk advisory, Grant Thornton Bharat, said, “We need to be patient and study how the coming
These new platforms re-juvenate women-run enterprises – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/variety/these-new-platforms-re-juvenate-women-run-enterprises/article35774066.ece?homepage=true The longer-term plan is to organise mentoring sessions and help upskill entrepreneurs in areas of technology and finance A new term — “Shecession”
Why govt’s Rs 20,000 cr Subordinate Debt scheme for MSMEs failed to find many takers? IBA chief explains – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-why-govts-rs-20000-cr-subordinate-debt-scheme-for-msmes-failed-to-find-many-takers-iba-chief-explains/2305145/ Credit and Finance for MSMEs: Under CGSSD, the promoter was required to bring in 10 per cent of the subordinate debt amount as
SBI sees rising stress in home loan and MSME book in June quarter – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-sees-rising-stress-in-home-loan-and-msme-book-in-june-quarter/articleshow/85037804.cmsSynopsis The lender has already pulled back Rs 4700 crore from its fresh slippages in July. The stress list for the loans due between
Small businesses hit as banks freeze current a/cs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/small-businesses-face-temporary-setback-as-banks-freeze-current-accounts-to-meet-rbi-norms/article35683965.ece Firms in a spot as banks rush to comply with RBI directive to prevent diversion of funds Operations of thousands of small businesses
Preventing the pile up of NPAs — I – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/preventing-the-pile-up-of-npas-i/article35686885.ece Strengthening due diligence, monitoring and governance will go a long way in curbing bad loans’ toxic impact Much has been written and said
MSME: How can Indian MSMEs grow to compete in the world? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/how-can-indian-msmes-grow-to-compete-in-the-world/articleshow/84965039.cmsSynopsis SMEs have thrived in the auto sector. India is the largest auto industry in the world and makes 25.3 million vehicles, against 17.5
“Shared logistics can help put MSMEs on recovery path with infra, operational support from large firms” – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-logi-shared-logistics-can-help-put-msmes-on-recovery-path-with-infra-operational-support-from-large-firms/2301879/ Logistics for MSMEs: For smaller logistics MSMEs, continuous cash flow is integral to ensure operations are not hampered. However, they characteristically have lesser
Rising raw material prices force MSME secondary steelmakers to shut shop – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/rising-raw-material-prices-force-msme-secondary-steelmakers-to-shut-shop/articleshow/84915116.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “There are around 120 sponge iron, billet ingot manufacturers and rollers in West Bengal that have reduced production by 15-50 % and laid
MSME – Investment limits, Registration, Benefits & role on Indian Economy–taxguru.in
Clipped from: https://taxguru.in/corporate-law/msme-investment-limits-registration-benefits-role-indian-economy.html Micro, Small & Medium Enterprises (MSME) The concept of Micro, Small and Medium Enterprises (MSME) was first introduced in India in the year
Allow MSMEs to open multiple current accounts in same bank: KCCI President – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/allow-multiple-current-accounts-in-same-bank-to-msmes-kcci/article35633976.ece Outstanding loans in personal, MSME segments made up 35% Outstanding loans in personal, MSME segments made up 35%× KCCI also wants banks to
The structuring of micro loans matters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-structuring-of-micro-loans-matters/article35635228.ece A revolving credit, based on credit card principles, can help scale up the incomes of the underprivileged Last month, the RBI issued a
The chirping economist | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-chirping-economist-121073001698_1.html ‘Their comments pertain to government policy. Some praise it, others criticise it’, says the author It’s hard to say exactly how many economists the world
Growth Factor: A question of credit delivery – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/growth-factor-a-question-of-credit-delivery/2300512/ Boosting credit flows, especially from banks, is needed If India is to see sustained growth; The need is to address the root causes
Covid-19 hit MSMEs hard; credit availability, liquidity a challenge: Niti Aayog’s Rajiv Kumar – BusinessToday
Clipped from: https://www.businesstoday.in/latest/economy/story/covid-19-hit-msmes-hard-credit-availability-liquidity-a-challenge-niti-aayogs-rajiv-kumar-302882-2021-07-30 Rajiv Kumar says the Centre is working towards a transition to cash-flow based funding for SMEs. Switch from inventory-based credit to cash-flow based
Explained: How push for factoring could benefit the MSME sector | Business Standard News
Clipped from: https://www.business-standard.com/article/specials/explained-how-push-for-factoring-could-benefit-the-msme-sector-121072901563_1.html In simple terms, factoring is acquiring bills receivables from MSMEs and releasing money, or giving short-term loans, against these bills to the MSMEs
Richer, and poorer: Inequality will continue to scar the economy long after Covid leaves us–times of india
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-edit-page/richer-and-poorer-inequality-will-continue-to-scar-the-economy-long-after-covid-leaves-us/ When Covid goes away, hopefully soon enough, it will leave behind a more unequal world. This is contrary to historical experience because pandemics,
MSMEs need more support, speedy relief: Parliamentary panel to Centre – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/msmes-need-more-support-speedy-relief-parliamentary-panel-to-centre/article35568684.ece Larger package will spur demand, investment, exports and jobs, it says The Industry Standing Committee of Parliament, headed by TRS leader K Keshava
MSME: To strengthen TReDS, Factoring Amendment Bill passed by Lok Sabha – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/to-strengthen-treds-factoring-amendment-bill-passed-by-lok-sabha/articleshow/84783038.cmsSynopsis Finance minister Nirmala Sitharaman said that the government had also accepted the recommendations by the Standing Committee which had looked into the Bill
