Clipped from: https://www.thehindu.com/news/cities/Madurai/plea-to-simplify-gst/article34515605.ece Agrofood Chamber of Commerce and Industry has congratulated DMK leader M.K. Stalin for taking charge as Chief Minister. In a press release, its
Category: MSME-Startup
MSMEs | Covid second wave: Shock, fear, helplessness: Covid’s second wave is an emotional and economic crisis for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/shock-fear-helplessness-covids-second-wave-is-an-emotional-and-economic-crisis-for-msmes/articleshow/82449332.cms Synopsis–It is not just the economic hardships; the second wave of Covid-19 has torn families. As MSMEs struggle to stay afloat, they confront
On-tap liquidity facility: RBI asks banks to on-lend to healthcare cos in 30 days of availing credit – The Financial Express
Clipped from: https://www.financialexpress.com/economy/on-tap-liquidity-facility-rbi-asks-banks-to-on-lend-to-healthcare-cos-in-30-days-of-availing-credit/2247863/ However, the banks will have to ensure that the amount borrowed from the RBI should at all times be backed by lending to
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
Banks want RBI to relax NPA norms for lockdown-stressed MSME sector | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/banks-want-rbi-to-relax-npa-norms-for-lockdown-stressed-msme-sector-121050700674_1.html Bankers request extension of NPA classification norms to 180 days from 90 days currently The MSME sector was already reeling under pressure and
RBI Announcement for MSME Today: RBI announces slew of measures for MSMEs battered by Covid second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/rbi-announces-slew-of-measures-for-msmes-battered-by-covid-second-wave/articleshow/82399963.cmsSynopsis For enhancing credit to MSME entrepreneurs, the RBI Governor mentioned that in Feb 2021, the scheduled commercial banks were allowed to deduct credit
RBI not to provide moratorium but restructuring 2.0 in place for borrowers – Check details – The Financial Express
Clipped from: https://www.financialexpress.com/money/rbi-not-to-provide-moratorium-but-restructuring-2-0-in-place-for-borrowers-check-details/2246095/ Those who had not availed the re-structuring 1.0 can now avail the re-structuring 2.0 if the loan amount is up to Rs 25
Here’s what else the RBI can do as pandemic rages on – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/heres-what-else-the-rbi-can-do-as-pandemic-rages-on/articleshow/82428076.cmsSynopsis As regulator of the banking sector, the RBI can ease loan repayment rules, especially for sectors badly hit by the pandemic’s second wave
Majority of SMEs qualify for restructuring says Crisil – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/majority-of-smes-qualify-for-restructuring-says-crisil/articleshow/82433645.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Last fiscal, a third of these SMEs had cushioned their liquidity by availing of the RBI mandated six month moratorium on bank loans.
SEBI notifies relaxed norms for listing start-ups- Business today
Clipped from: https://www.businesstoday.in/current/economy-politics/sebi-notifies-relaxed-norms-for-listing-start-ups/story/438542.html The regulator has reduced the period of holding of 25 per cent of pre-issue capital of the issuer company by eligible investors to
Atmanirbhar Bharat: Why business localisation is a win-win proposition for all–business today
Clipped from: https://www.businesstoday.in/opinion/columns/atmanirbhar-bharat-why-business-localisation-is-a-win-win-proposition-for-all/story/438526.html Localisation has brought in the world’s best-in-class technology, enabled knowledge sharing, tech transfers, and skilling of our people, and brought in value-added products
RBI allows lenders to revamp MSME accounts under Covid-19 related stress – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/rbi-allows-lenders-to-revamp-msme-accounts-under-covid-19-related-stress/article34495597.ece The Reserve Bank of India (RBI) has allowed lenders to extend the facility for restructuring existing loans of micro, small and medium enterprises
Interview: Vidit Aatrey, co-founder and CEO, Meesho – The Financial Express
Clipped from: https://www.financialexpress.com/brandwagon/interview-vidit-aatrey-co-founder-and-ceo-meesho/2247501/ ‘We want to bring 10 crore SMBs online’ Other than fashion and lifestyle, grocery will be our third key vertical for the next
SMEs: Why do they numerically dominate an economy despite heavy odds for their operations – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/smes-why-do-they-numerically-dominate-an-economy-despite-heavy-odds-for-their-operations/2246675/ SMEs emerge rapidly at varying rates, irrespective of times, and nations, primarily owing to locational influences, process influences, and market influences. Of late,
ECLGS 3.0: Hospitality MSMEs urge govt for changes in borrower status, calculation of outstandings, more – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/eclgs-3-0-hospitality-msmes-urge-govt-for-changes-in-borrower-status-calculation-of-outstandings-more/2247086/ Ease of Doing Business for MSMEs: The Finance Ministry had on March 31, 2021, introduced ECLGS 3.0 to cover enterprises in hospitality, travel
Govt buying from MSEs declines for second consecutive year even as share in overall procurement jumps – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/govt-buying-from-mses-declines-for-second-consecutive-year-even-as-share-in-overall-procurement-jumps/2247301/ The share of public procurement from MSEs has been on an upward trajectory from as low as 12 per cent in FY15 to
Roadmap for MSMEs’ survival amid Covid 2.0: What govt must immediately do to tackle impending setback – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/roadmap-for-msmes-survival-amid-covid-2-0-what-govt-must-immediately-do-to-tackle-impending-setback/2247439/ The government should abolish the mandatory requirement of CIBIL score for extending loan facility and instruct banks not to consider the past performance
RBI must not delegate – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rbi-must-not-delegate/article34491794.ece Why ask IBA to compute loan relief amount? On March 27, 2020, the Reserve Bank of India notified the Covid-19 package to provide
Easing the pain – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/easing-the-pain/article34491755.ece RBI has shown itself to be both proactive and prudent in its response to the second wave With the Centre hobbled by fiscal
RBI allows lenders to revamp MSME accounts under Covid-19 related stress – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/rbi-allows-lenders-to-revamp-msme-accounts-under-covid-19-related-stress/article34495597.ece The Reserve Bank of India (RBI) has allowed lenders to extend the facility for restructuring existing loans of micro, small and medium enterprises
