Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/rbi-look-through-this-price-rise/articleshow/82747208.cmsSynopsis There are concerns that the spurt in WPI would leave the Reserve Bank of India (RBI) with little leeway to cut interest rates
Category: MSME-Startup
MSME body wants FM to extend GST deadlines – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-body-wants-fm-to-extend-gst-deadlines/articleshow/82728650.cmsSynopsis Kassia president KB Arasappa also requested the Finance Minister to take steps to see refunds were released on priority. Karnataka has been under
The world economy is suddenly running low on everything | Business Standard News
Clipped from: https://www.business-standard.com/article/international/covid-19-the-world-economy-is-suddenly-running-low-on-everything-121051800034_1.html Surging corporate demand is upending global supply chains Now India’s massive Covid-19 outbreak is threatening its biggest ports A year ago, as the
How will the economy pan out this fiscal? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-will-the-economy-pan-out-this-fiscal/article34580661.ece Thanks to the second wave of Covid, double-digit GDP growth seems elusive and household finances will weaken further The second wave of Covid-19
IDBI-Sivasankaran deal raises hope for other defaulting promoters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/idbi-sivasankaran-deal-raises-hoped-for-other-defaulting-promoters/article34572075.ece Firms may be able to take back control of their companies if the debt resolution process fails to find new owners Former promoters
Microfinance institutions using AI, machine learning to disburse more loans | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/microfinance-institutions-using-ai-machine-learning-to-disburse-more-loans-121051600789_1.html Tailor-made financial products are being devised, and credit histories are created for all customers. New tools have led to high collection efficiencies Imaging:
Small businesses struggle to stay afloat in second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/small-businesses-struggle-to-stay-afloat-in-2nd-wave/articleshow/82690642.cmsSynopsis The second lockdown, following the more deadly second wave of the pandemic, has completely disrupted the entire payments cycle that’s critical for small
Sales of AC, other cooling products again hit by pandemic in peak season; companies now pin hopes on extended summer – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/durables/sales-of-ac-other-cooling-products-again-hit-by-pandemic-in-peak-season-companies-now-pin-hopes-on-extended-summer/articleshow/82677786.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Leading players in the segment including Voltas, Daikin, Blue Star, Panasonic and Haier reported almost 75 per cent dip in April sales this
Staggered lockdowns start to bite battered restaurants – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/staggered-lockdowns-start-to-bite-battered-restaurants/articleshow/82666514.cmsSynopsis Even though take-outs and ordering have been exempted from the restrictions and continue in the bigger metros, there are fears that deliveries alone
Oxygen concentrators: A new industry opens up for MSMEs – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/oxygen-concentrators-a-new-industry-opens-up-for-msmes/article34566220.ece This image is used here for representational purpose only This image is used here for representational purpose only1/2 This image is used here
Covid has exposed holes in handling of personal finances, says a BL Portfolio survey – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/big-story/covid-has-exposed-holes-in-handling-of-personal-finances-says-a-bl-portfolio-survey/article34567209.ece?homepage=true The pandemic has taught many money management lessons. Here are key takeaways from the survey As the second wave of the pandemic rages
Banks make a beeline at Covid vaccine makers’ doorstep to offer loans | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/covid-banks-make-a-beeline-at-vaccine-maker-s-doorstep-to-offer-loans-121051400644_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Amid feeble credit offtake due to local lockdowns this year, lenders sanction Rs 6,000-crore line of credit to SII Commercial banks are rushing to coronavirus vaccine manufacturers
Govt not present as India faces ‘greatest challenge’ in Covid-19: Rajan | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/covid-probably-india-s-greatest-challenge-since-independence-rajan-121051501036_1.html ‘Pandemic has shown that we are all connected,’ says economist and former RBI governor at a virtual event. Covid-19 is probably India’s greatest
Liquidity Crunch: New mechanism in the works to aid exporters – The Financial Express
Clipped from: https://www.financialexpress.com/economy/liquidity-crunch-new-mechanism-in-the-works-to-aid-exporters/2251629/ Given paucity of funds with govt, exporters to borrow at repo rate against MEIS entitlement As per the mechanism being explored, the government
Covid to act as speed-breaker, but won’t derail economy, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/covid-to-act-as-speed-breaker-but-won-t-derail-economy-say-experts-121051401215_1.html Some improvement likely when enough people are vaccinated in the later part of the year The pandemic and ensuing lockdowns would push up
With rural areas impacted by Covid, MFIs face drop in collections – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/with-rural-areas-impacted-by-covid-mfis-face-drop-in-collections/article34555354.ece With rural areas also impacted by the second wave of the Covid-19 pandemic, microfinance institutions (MFI) have been witnessing a drop in collections
Loan restructuring: FIDC seeks clarity from RBI on relief measures – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/loan-restructuring-fidc-seeks-clarity-from-rbi-on-relief-measures/article34559946.ece Seeks moratorium up to an additional three years The Finance Industry Development Council (FIDC) has written to Reserve Bank of India Governor Shaktikanta
Banks go after promoter trusts of firms having stressed loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banks-go-after-promoter-trusts-of-firms-having-stressed-loans/articleshow/82641931.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In the last few weeks, top banks have been making inquiries in certain cases where businesses have been hit hard by Covid and
Banks, RBI favour further cutback in small savings rates – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-rbi-favour-further-cutback-in-small-savings-rates/articleshow/82646853.cms Synopsis–The central bank has been struggling to keep bond yields from spiking in a year that will witness record government borrowing, with North
Second Covid wave to hit banks’ growth harder than asset quality: Analysts – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/second-covid-wave-to-hit-banks-growth-harder-than-asset-quality-analysts/2252201/ “February and March were our best ever months in LAP, too. This has traditionally been an area where we have done well, both
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