Clipped from: https://www.thehindubusinessline.com/opinion/columns/r-srinivasan/falling-between-the-cracks/article34651753.ece The pandemic has worsened the plight of India’s urban poor. It is time the Centre turned its policy focus on them Just how
Category: MSME-Startup
With no cushion like last time, second Covid wave poses challenges for auto lenders – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/with-no-cushion-like-last-time-second-covid-wave-poses-challenges-for-auto-lenders/article34651027.ece?homepage=true Borrowers grappling with reduced capacity utilisation, increased operating costs The second Covid-19 wave will have a material impact on automobile lenders’ asset quality
Second Covid-19 wave may leave a bigger dent on GDP: Reports – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/2nd-wave-may-leave-a-bigger-dent-on-gdp/articleshow/82959246.cmsSynopsis Slow vaccinations and the uneven easing of curbs by states will likely weigh on recovery. “Even as India’s second Covid-19 wave starts to
Growth pangs: Govt weighs fresh stimuli, relief package to soften Covid-19 blow – The Financial Express
Clipped from: https://www.financialexpress.com/economy/growth-pangs-govt-weighs-fresh-stimuli-relief-to-soften-covid-19-blow/2258903/ Package could be ‘smaller compared to last year’s yet meaningful’; tourism, hospitality, aviation among focus sectors The RBI had in April (before the
Up for sale: At least 1,200 Covid-hit small businesses looking for exit route – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34645983.ece More than 50 per cent of the stressed businesses listed on its website are from thetravel industry More than 50 per cent of
India plans stimulus package for sectors worst affected by second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/india-plans-stimulus-package-for-sectors-worst-affected-by-second-wave/articleshow/82933881.cmsSynopsis In April, the finance ministry eased rules for capital expenditure by government departments to try to boost spending in the economy. Pressure also
Karnataka SME industry: Strict lockdown, slump may dent Karnataka’s SMEs this year too – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/strict-lockdown-slump-may-dent-karnatakas-smes-this-year-too/articleshow/82933539.cmsSynopsis Karnataka is home to over 800,000 medium, small and micro enterprises and the sector provides the second largest employment after agriculture BENGALURU: Medium,
RBI’s new restructuring package for small borrowers: Will it work? | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/rbi-s-new-restructuring-scheme-for-small-borrowers-will-it-work-121052300905_1.html The new restructuring package for small borrowers has little chance of taking off Imaging: Ajay Mohanty “Eat a live frog first thing in
Why your business urgently needs a succession plan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/hr-leadership/leadership/covid-impact-why-your-business-urgently-needs-a-succession-plan/articleshow/82790331.cmsSynopsis Given the uncertainties we face; it is wise to plan for a time when you may not be around to lead your business.
NBFCs brace for defaults, grim business prospects | Business Standard News
clipped from: https://www.business-standard.com/article/economy-policy/second-covid-19-wave-nbfcs-brace-for-defaults-grim-business-prospects-121052001459_1.html The collections are down as staff is not able to reach out to customers. With falling collections in the second Covid wave and
Centre considers a revamp of stressed asset guarantee scheme for MSMEs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-considers-a-revamp-of-stressed-asset-guarantee-scheme-for-msmes-121052001518_1.html As of May 14, guarantees of only Rs 68.39 crore had been issued, benefiting 632 businesses, a senior government official told Business Standard
Allow banks wider recast of loans – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/allow-banks-wider-recast-of-loans/2255982/ The second wave has hit small businesses hard; permit recast of loans of upto Rs 50 crore, while classiying the accounts as NPAs
Eateries launch own ordering websites – The Financial Express
Clipped from: https://www.financialexpress.com/industry/eateries-launch-own-ordering-websites/2255988/ “We used Instagram to market the brands. The marketing costs are justified given that we are building the brands for the long term,”
Second wave of Covid-19: Consider second loan recast, PSBs tell RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/second-wave-of-covid-19-consider-second-loan-recast-psbs-tell-rbi-121052000034_1.html Want lower provisioning for restructuring than last year Reeling from the second wave of Covid-19 and its economic impact, public sector banks have
Can’t afford to rest on recent exports showing – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/cant-afford-to-rest-on-recent-exports-showing/2255222/ India still lags its true potential, thanks to protectionist policies, rigid land/labour laws and poor infrastructure Unfortunately, though, India’s exports have never really
Rework social security code for informal workers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rework-social-security-code-for-informal-workers/article34599616.ece It needs to be simplified, avoiding multiple authorities and allowing for seamless integration of existing State-run schemes The Code on Social Security 2020
Bounce rates of auto debit transactions rise in April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/bounce-rates-of-auto-debit-transactions-rise-in-april/article34596357.ece?homepage=true But limited lockdowns may mute impact In a worrying repetition of last year’s Covid-19 led economic distress, bounce rates for recurring transactions were
Commerce Ministry likely to ask RBI to extend Interest Equalisation Scheme beyond June 2021 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/commerce-ministry-likely-to-ask-rbi-to-extend-interest-equalisation-scheme-beyond-june-2021/article34586295.ece Exporters say access to cheaper credit essential in retaining competitiveness The Commerce Ministry may ask the RBI to extend the Interest Equalisation Scheme
Rural demand may not prop up economy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rural-demand-may-not-prop-up-economy/article34589203.ece?homepage=true Covid 2.0, unlike the first, has hit rural areas too. This could affect farm output and hence rural income and consumption Last year,
Pandemic slices off 75 per cent of income of the ultra poor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/pandemic-slices-off-75-per-cent-of-income-of-the-ultra-poor/article34589978.ece?homepage=true Weekly income drops to ₹180 from ₹769 in second wave of Covid In a sign of the battering Covid-19’s second wave has delivered
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