Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/move-policy-from-obtuse-to-sensible/articleshow/82555281.cmsSynopsis Policy must address both kinds of problems. Any deemed sign of shortage leads to hoarding and realised shortage. This must be averted. COVID-19
Category: MSME-Startup
Microfiance sector seeks RBI’s additional support to combat COVID-19 second wave – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/microfiance-sector-seeks-rbis-additional-support-to-combat-covid-19-second-wave/articleshow/82550827.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “RBI timely intervention for the sector and its recent announcement of special long-term repo operations (SLTRO) of Rs 10,000 crore for Small Finance
Restructuring 2.0: can RBI’s pre-emptive move help avert a crisis in retail loans? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/restructuring-2-0-can-rbis-pre-emptive-move-help-avert-a-crisis-in-retail-loans/primearticleshow/82531066.cms Synopsis–Gross retail NPAs have steadily been on the rise and with FY21 numbers breaching the five-year average by a huge margin, regulatory forbearance
Mumbai Angels Network sees 36 exits, eyes 50 investments this year | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/mumbai-angels-network-sees-36-exits-eyes-50-investments-this-year-121051001374_1.html Purplle has raised $45 million from Sequoia Capital India and existing investors Verlinvest, Blume Ventures and JSW Ventures. The platform closed 36 fresh
Your Queries – Loans: For LIG PMAY subsidy, co-owner has to be female and co-applicant – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-for-lig-pmay-subsidy-co-owner-has-to-be-female-and-co-applicant/2249504/ In the case of LIG PMAY subsidy, the co-owner or primary owner has to be a female. Also, she needs to be a
Now MSMEs, others can file grievances on this portal for alleged violation of public procurement order – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/now-msmes-others-can-file-grievances-on-this-portal-for-alleged-violation-of-public-procurement-order/2249423/ The 2017 order was issued to promote goods manufactured in India and with a view to enhancing businesses’ income and employment. The order
Suresh Prabhu seeks release of FY20 benefits for services exports | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/economy/suresh-prabhu-seeks-release-of-fy20-benefits-for-services-exports-7306399/ Prabhu recommended that the travel and tourism (including health tourism), education and aviation sectors be exempted from the Rs 5-crore ceiling as they
All you wanted to know about fractional ownership – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article34528997.ece?homepage=true The term ownership usually signifies exclusive right over an asset. But what if the starting price of such an asset is out of
RBI’s stitch-in-time act is spot on – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rbis-stitch-in-time-act-is-spot-on/article34521706.ece The ₹50,000 crore to banks for creating a Covid loan book and other measures are timely. But more reforms may be needed Himadri
Now, another tool for SBI to resolve stress – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/now-another-tool-for-sbi-to-resolve-stress/article34521272.ece Bank pursuing board approval for policy framework on pre-packs, says MD State Bank of India sees the recently-introduced pre-packaged insolvency resolution process (PPIRP)
Total balance in Jan Dhan accounts goes down by ₹2,787 crore in April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/total-balance-in-jan-dhan-accounts-goes-down-by-2787-crore-in-april/article34521372.ece?homepage=true Rural spread of Covid, loss of earnings driving withdrawals For the first time in the last eight months, total balance in Pradhan Mantri
An asymmetric story: Big steelmakers mint money as smaller ones struggle | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/from-tata-to-jsw-steel-an-asymmetric-story-of-india-s-steel-industry-121050900889_1.html Large producers with iron ore mines and export markets are thriving in the current cycle but small ones, with access to neither, are
Enduring pain | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/enduring-pain-121050900816_1.html Decline in income and employment will increase hardship The loss of life and livelihood continues to mount relentlessly. Health infrastructure, which anyway had
Fintechs pick up MDR tab, enjoy merchant’s float – The Financial Express
lipped from: https://www.financialexpress.com/industry/banking-finance/fintechs-pick-up-mdr-tab-enjoy-merchants-float/2248754/ Industry sources said BharatPe and Paytm are among the companies offering this form of settlement. Emails sent to the two companies did not
Mr.Tamal Bandopadhyay—in Business Today—03.05.2021
Clipped from: https://sway.office.com/yGULU1EIkDT9gjhe?authoringPlay=true&publish 1. As on March 26, the outstanding bank loan to micro and small enterprises in the manufacturing sector is Rs 3.84 trillion. 2.
RBI extends safety net; response proactive, loaded and well timed | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-extends-safety-net-response-proactive-loaded-and-well-timed-121050500565_1.html RBI meant strict business, with a focus on alleviating financing constraints for economic stakeholders at the grass root level bearing a disproportionate burden
What angel investors want when investing in start-ups – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/what-angel-investors-want-when-investing-in-start-ups/article34509123.ece Only a small percentage of start-ups are successful in raising funding from angels Not all start-ups need external capital, but most do. And
RBI to Banks–:Lend to healthcare space within 30 days of availing funds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-to-banks-lend-to-healthcare-space-within-30-days-of-availing-funds/article34505796.ece The scheme will remain operational from May 7 this year till March 31, 2022 The Reserve Bank of India (RBI) on Friday said
Flipkart introduces a slew of initiatives to support sellers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/flipkart-introduces-a-slew-of-initiatives-to-support-sellers/article34509028.ece Provides them financial, health and safety benefits E-commerce major Flipkart has extended various initiatives to lakhs of MSMEs, small scale sellers, artisans, weavers
PLI scheme, basic customs duty: Only flickering benefits for solar power | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/will-pli-and-bcd-be-able-to-save-the-indian-solar-manufacturing-industry-121042800551_1.html A production-linked incentive scheme and possible basic customs duty will have a limited impact in encouraging domestic solar equipment manufacture In 2015, the
