Clipped from: https://www.business-standard.com/article/opinion/second-wave-of-coronavirus-pandemic-what-rbi-can-do-to-help-121050300092_1.html Unless the Reserve Bank comes forward and helps banks to handhold the MSME borrowers, bad loans will swell in the September quarter Till
Category: MSME-Startup
Second wave of coronavirus pandemic: What RBI can do to help | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/second-wave-of-coronavirus-pandemic-what-rbi-can-do-to-help-121050300092_1.html Unless the Reserve Bank comes forward and helps banks to handhold the MSME borrowers, bad loans will swell in the September quarter Till
Govt mulls more Covid relief measures for businesses amid second wave | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-mulls-more-covid-relief-measures-for-businesses-amid-second-wave-121050300037_1.html The Centre and the RBI are exploring options for businesses hit hard by the second wave The government and the Reserve Bank of India (RBI)
TReDS platform RXIL discounts receivables worth Rs 1,000 crore in a month – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/treds-platform-rxil-discounts-receivables-worth-rs-1000-crore-in-a-month/2228011/ Credit and Finance for MSMEs: From transactions worth Rs 69 crores in April 2020, RXIL reached a whopping Rs 1,105 crore in March
Pre-pack insolvency for MSMEs: How it differs from corporate insolvency resolution process; key features – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/pre-pack-insolvency-for-msmes-how-it-differs-from-corporate-insolvency-resolution-process-key-features/2244529/ Ease of Doing Business for MSMEs: The minimum default threshold of Rs 10 lakh, which has been prescribed for initiating the process, would
PLI scheme going under utilised, says Niti Aayog vice chairman – The Financial Express
Clipped from: https://www.financialexpress.com/economy/pli-scheme-going-under-utilised-says-niti-aayog-vice-chairman/2242724/ He stressed that the share of manufacturing in GDP should increase and limiting manufacturing only to small scale would not suffice. The Niti
Small, medium, other hotels again reach out to FM Sitharaman; say ECLGS doesn’t help them to survive – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/small-medium-other-hotels-again-reach-out-to-fm-sitharaman-say-eclgs-doesnt-help-them-to-survive/2244186/ Ease of Doing Business for MSMEs: The government had announced the launch of ECLGS 3.0 in March to cover enterprises in hospitality, travel
Modi govt’s relief on GST late fee, tax payment to help MSEs but further extension still needed: Experts – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/modi-govts-relief-on-gst-late-fee-tax-payment-to-help-mses-but-further-extension-still-needed-experts/2244290/ Ease of Doing Business for MSMEs: The Central Board of Indirect Taxes and Customs (CBIC) on Saturday had issued a notification announcing the
How to evaluate cash flow management efficiency – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-how-to-evaluate-cash-flow-management-efficiency/2244454/ A firm should have positive figure for cash from operations to attract the attention of investors If we assign a score of one
MSMEs seek easing of NPA, compliance rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msmes-seek-easing-of-npa-compliance-rules/articleshow/82287398.cmsSynopsis The Federation of Indian Small and Medium Enterprises (FISME) also pitched for creation of a “war-room” to monitor prices of key raw materials
Assocham MSME chairman urges Centre to relax norms in view of second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/assocham-msme-chairman-urges-centre-to-relax-norms-in-view-of-second-wave/articleshow/82320910.cmsSynopsis Assocham along with other national and regional organisations have urged the Centre to extend the deadline for statutory filings in view of the
Covid second wave: Industry body, MSMEs drag government, taxman to court over not extending deadlines – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/second-covid-wave-industry-body-msmes-drag-government-taxman-to-court-over-not-extending-deadlines/articleshow/82321202.cmsSynopsis Companies are worried that they would face penalties and jail term if they don’t follow deadlines. MUMBAI: An industry association and a group
crowdfunding: How crowdfunding is transforming lives – The Economic Times
Clipped from: https://economictimes.indiatimes.com/how-crowdfunding-is-transforming-lives/articleshow/82213708.cms?utm_source=Desktop&utm_medium=HP_ETGreatReads&utm_campaign=DPSynopsis The success of campaigns related to COVID causes launched by top Indian crowdfunding platforms proves their acceptance among the masses and the role
Inflation: Retail inflation for industrial workers rises to 5.64% in March – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/retail-inflation-for-industrial-workers-rises-to-5-64-in-march/articleshow/82327437.cmsSynopsis “Year-on-year inflation for the month (March) stood at 5.64 per cent compared to 4.48 per cent for the previous month (February 2021) and
Amazon India announces measures to help SMBs amid COVID-19 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/amazon-india-announces-measures-to-help-smbs-amid-covid-19/articleshow/82345740.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The e-commerce major said it is waiving 50 per cent of the ‘sell-on-amazon’ or ‘referral fee’ from May 1-31 for a section of
Loan growth touches new low in the pandemic year – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/loan-growth-touches-new-low-in-the-pandemic-year/articleshow/82332926.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Gayatri NayakEditor, The Economic TimesSynopsis The pandemic led contraction in economic activity led to a sharp slowdown in credit demand Non-food bank credit
Indian economy was well on the road to recovery before new virus wave hit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indian-economy-was-well-on-the-road-to-recovery-before-new-virus-wave-hit/articleshow/82320064.cmsSynopsis Passenger vehicle sales more than doubled from a year ago, rising to 291,000 units in March, according to SIAM data. Two-wheeler sales were
PLI scheme going under utilised, says Niti Aayog vice chairman – The Financial Express
Clipped from: https://www.financialexpress.com/economy/pli-scheme-going-under-utilised-says-niti-aayog-vice-chairman/2242724/ He stressed that the share of manufacturing in GDP should increase and limiting manufacturing only to small scale would not suffice. The Niti
Companies look to cover currency risk as rupee set to turn volatile – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/companies-look-to-cover-currency-risk-as-rupee-set-to-turn-volatile/articleshow/82315086.cms Synopsis”Companies with overseas borrowings are increasingly covering their positions as any sudden drop in the rupee’s value will raise their repayment liabilities amid
Ministry of Corporate Affairs nudges Sebi on startup listing rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/mca-nudges-sebi-on-startups-listing-rules/articleshow/82315977.cmsSynopsis A startup that has listed on the IGP platform can migrate to the mainboard provided the company meets several conditions, including a profit
