Clipped from: https://economictimes.indiatimes.com/industry/services/retail/top-five-lifestyle-retailers-save-rs-2700-cr-in-costs/articleshow/83163596.cms SynopsisTop five listed lifestyle retailers and quick service restaurants – Aditya Birla Fashion and Retail, Shoppers Stop, Trent, Burger King, and Westlife Development
Category: MSME-Startup
GST revenue falls to Rs. 1.02 lakh crore in May – Today’s Paper – The Hindu
Clipped from: https://www.thehindu.com/todays-paper/gst-revenue-falls-to-rs-102-lakh-crore-in-may/article34742510.ece Lowest collections since Sept. 2020 India’s Gross GST revenue fell to Rs. 1.02 lakh crore in May, from a record Rs. 1.41 lakh
Covid impact on income: Over 22 million lost their jobs in just 2 months, Video Gallery – Business Standard
Clipped from: https://www.business-standard.com/multimedia/video-gallery/general/covid-impact-on-income-over-22-million-lost-their-jobs-in-just-2-months-125939.htm Covid impact on income: Over 22 million lost their jobs in just 2 months Over 22 million Indians lost their jobs in the
RBI monetary policy: Pursuing growth in times of high inflation | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/rbi-monetary-policy-pursuing-growth-in-times-of-high-inflation-121060500031_1.html The RBI officials stated the MPC believes that inflation is ‘not persistent’ and that there is ‘no thinking’ about policy normalisation Unlike the
Do not politicise GST Council: Finance Minister Nirmala Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/do-not-politicise-gst-council-finance-minister-nirmala-sitharaman-121060500003_1.html The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with
A monetary policy of continuity with change | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-monetary-policy-of-continuity-with-change-121060401404_1.html This time, RBI’s rate-setting body is not only talking about sustaining growth but also reviving it The no-action, status-quo monetary policy of the Reserve Bank of
Central bank’s helping hand with liquidity – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/central-banks-helping-hand-with-liquidity/article34730010.ece?homepage=true Opening up the restructuring window to exposures up to ₹50 crore will help a number of self-employed businesses The Monetary Policy Committee (MPC)
Difficult balance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/difficult-balance/article34729915.ece?homepage=true An accommodative policy is inevitable, but the RBI has to be wary of the inflation monster The Monetary Policy Committee’s decision to maintain
RBI doubles exposure threshold to ₹50 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-increases-exposure-threshold-for-resolution-framework-20/article34723859.ece?homepage=true Move to help MSMEs, small businesses, personal loan borrowers tide over the pandemic To expand the coverage of the Resolution Framework 2.0, the
Three questions that answer what’s next for the economy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/three-questions-that-answer-whats-next-for-the-economy/article34726504.ece?homepage=true An insight into the cost of lockdowns, how long drag to growth continue, and what next after the second wave. To use a
Major global, local players ‘keen on ₹12,195-cr telecom PLI scheme’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/major-global-local-players-keen-on-12195-cr-telecom-pli-scheme/article34730115.ece?homepage=true The scheme is open to both MSMEs and non-MSME companies After the Production-Linked Incentive scheme for large-scale electronics manufacturing (mobile phones) last year,
RBI opens ₹31,000-cr tap for MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-opens-liquidity-tap-for-banks-to-lend-to-contact-intensive-sectors/article34723941.ece?homepage=true Aid mainly for contact-intensive sectors; leaves repo rate unchanged; trims FY22 GDP growth forecast to 9.5% Even as it left the policy repo
Govt widens scope of Emergency Credit Scheme to help small businesses–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/covid-19-impact-govt-widens-scope-of-emergency-credit-scheme-for-small-businesses/story/440375.html The govt widened the net of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS), which will now provide concessional loans
Startup India: 5.5 lakh jobs created under PM Modi’s pet scheme so far; 1.7 lakh in FY21 alone–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/recognised-startups-created-17-lakh-jobs-in-fy21-says-centre/story/440764.html A total of 743 startups were recognised in 2016-2017, in the first year of the initiative, which has now increased exponentially to over
Why supporting MSMEs during Covid -19 will help socially backward groups? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/why-supporting-msmes-during-covid-19-will-help-socially-backward-groups/article34701707.ece?homepage=true Govt data show that such groups own almost 66% of MSMEs With State governments imposing restrictions and lockdowns to control the second Covid-19
How RBI’s Resolution Framework 2.0 can help MSMEs tide over Covid mess; is Udyam registration required? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/how-rbis-resolution-framework-2-0-can-help-msmes-tide-over-covid-mess-is-udyam-registration-required/2263186/ For borrowers who had availed restructuring under Resolution Framework 1.0, RBI Governor Shaktikanta Das had allowed lenders to modify their plans to increase
Non-banks’ NPAs may rise to 4.5-5 per cent by March 2022: Icra – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/non-banks-npas-may-rise-to-4-5-5-per-cent-by-march-2022-icra/articleshow/83147376.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Icra Ratings said non-banks (NBFC and HFCs) will feel the stress of the second wave of COVID-19 and movement restrictions imposed by various
Fiscal support to MSMEs needed to pay employees’ salaries; refunds of unadjusted taxes a must: FICCI survey – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/fiscal-support-to-msmes-needed-to-pay-employees-salaries-refunds-of-unadjusted-taxes-a-must-ficci-survey/2262471/ Even as businesses acknowledged the policy support extended by the Reserve Bank of India on May 5, 2021, including financial support to MSMEs,
How supply chain financing can resolve capital issues for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/how-supply-chain-financing-can-resolve-capital-issues-for-msmes/articleshow/83106050.cmsSynopsis Lenders’ reluctance to extend financing to most MSMEs can be traced back to their inability to adequately assess creditworthiness of small borrowers and
Govt expands credit lifeline for MSMEs amid second wave of Covid-19 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-eases-emergency-credit-guarantee-scheme-to-help-businesses-in-pandemic-121053000305_1.html Scheme removes the ceiling of outstanding loans of Rs 500 crore, keeps government’s guarantee cover of Rs 3 trillion. Loans given under ECLGS
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