Clipped from: https://www.business-standard.com/article/companies/tata-to-finally-enter-online-grocery-with-cci-nod-to-bigbasket-stake-deal-121042900892_1.html With this, Tata Digital will buy 64.3% stake in Supermarket Grocery Supplies and also be sole control over Innovative Retail Concepts, which runs
Category: MSME-Startup
States need to come on board for success of PLIs: MAIT – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/states-need-to-come-on-board-for-success-of-plis-mait/articleshow/82270561.cmsSynopsis The Manufacturers’ Association of Information Technology (MAIT), whose members include Apple, Dell, Lenovo, Cisco and HP, said single-window clearance system in several states
ICICI bank: ICICI Bank launches contactless banking platform for merchants – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/icici-bank-launches-contactless-banking-platform-for-merchants/articleshow/82306780.cmsSynopsis It aims to empower over two crore retail merchants in the country with seamless banking services digitally. ICICI Bankon Thursday announced the launch
MSMEs: Can’t pay 28 days’ salary to Covid absentees: MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/cant-pay-28-days-salary-to-covid-absentees-msmes/articleshow/82284855.cmsSynopsis In its order on April 26, the state government asked all industries to cover 28 days of salary for Covid-affected workers and to
MSME loans: NBFC lenders stare at significant dip in lending for at least three months amid Covid 2.0 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-loans-nbfc-lenders-stare-at-significant-dip-in-lending-for-at-least-three-months-amid-covid-2-0/2241981/ Credit and Finance for MSMEs: Recently industry association for NBFCs Finance Industry Development Council (FIDC) had written to RBI seeking another round of
Retailers to FM Sitharaman: Give ECLGS benefits, 6-month moratorium, interest rate cut to fight Covid 2.0 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/retailers-to-fm-sitharaman-give-eclgs-benefits-6-month-moratorium-interest-rate-cut-to-fight-covid-2-0/2242034/ Credit and Finance for MSMEs: The expert Committee made under the chairmanship of K.V. Kamath had last year recommended financial ratios for 26
MSMEs urge FM Nirmala Sitharaman to review NPA classification norms | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/msmes-urge-fm-nirmala-sitharaman-to-review-npa-classification-norms-121042701411_1.html In its suggestions to the finance ministry, the Federation of Indian Micro, Small and Medium Enterprises has said the greatest need that has
80% MSMEs, startups urge FM Sitharaman to extend GST payment, return filing deadlines without penalty – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/80-msmes-startups-urge-fm-sitharaman-to-extend-gst-payment-return-filing-deadlines-without-penalty/2241340/ Credit and Finance for MSMEs: The government had last week announced the extension of the deadline for payments under the Direct Tax Vivad
Crores of traders urge FM Nirmala Sitharaman to defer GST, income tax compliances by three months – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/crores-of-traders-urge-fm-nirmala-sitharaman-to-defer-gst-income-tax-compliances-by-three-months/2239771/ Covid impact on MSMEs: “The daily business loss due to lockdown in Delhi is likely to be around Rs 600 crore while for
Can capital expenditure boost the economy? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/can-capital-expenditure-boost-the-economy/2240013/ With the current impetus rightly given to capital expenditure, emphasis must also be provided on timely implementation of projects within the earmarked outlay
Banks gauging Covid risk via stress tests – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/banks-gauging-covid-risk-via-stress-tests/articleshow/82247416.cms Synopsis–Recent curfews have prompted lenders to conduct stress tests yet again on their portfolios after collection ratios fell up to 10 per cent
India Inc may have to keep date with filings as Sebi cites partial lockdown | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/india-inc-may-have-to-keep-date-with-filings-as-sebi-cites-partial-lockdown-121042600038_1.html Auditors struggle with Covid, but no extension likely for FY21 earnings reports At present, listed companies are required to file their fourth quarter
Recovery blues – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/recovery-blues/article34407811.ece Covid’s second wave will have an economic, fiscal and welfare impact The economic fallout of India’s second Covid surge cannot be underestimated. This
The start, not the end, of Unicorn seeding | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-start-not-the-end-of-unicorn-seeding-121042101220_1.html Conditions are ripe in a broad range of sectors for strong growth and innovation In the first part of this four-part series, we
Microfinance, unsecured SME loan pools to face most stress if lockdowns turn more severe: ICRA – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/microfinance-unsecured-sme-loan-pools-to-face-most-stress-if-lockdowns-turn-more-severe-icra/2239969/ Credit and Finance for MSMEs: While Covid cases continue to explode in April even as state governments have been mounting restrictions to arrest
BoM aims to resolve 20-25 stressed MSME loans under pre-packaged resolution process – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/bom-aims-to-resolve-20-25-stressed-msme-loans-under-pre-packaged-resolution-process/articleshow/82226964.cmsSynopsis Earlier this month, the government had introduced a pre-packaged insolvency resolution process for stressed MSMEs by amending the insolvency law. MUMBAI: State-ownedBank of
RBI action may ease India Inc’s borrowing cost in bond market – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/rbi-action-may-ease-india-incs-borrowing-cost-in-bond-market/articleshow/82221868.cmsSynopsis The Reserve Bank of India (RBI) Friday cancelled an auction of a five-year paper series of Rs 11,000 crore, with bidders reportedly demanding
Raise the corporate tax rate; big firms will gain share from MSMEs in recovery, should pitch in with welfare – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/raise-the-corporate-tax-rate-big-firms-will-gain-share-from-msmes-in-recovery-should-pitch-in-with-welfare/2239193/ The big companies can afford to pay a 30% corporate tax for a few years. The additional revenue can be used to bring
Benefits of PLI Scheme can be undone by lack of Ease of Doing Business – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/benefits-of-pli-scheme-can-be-undone-by-lack-of-ease-of-doing-business/articleshow/82208409.cmsSynopsis The PLI Scheme can make a difference to electronic manufacturing in India, but states have to get their act together. While hailing the
Pandemic has impacted 82 percent of small businesses, according to new survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/pandemic-has-impacted-82-percent-of-small-businesses-according-to-new-survey/articleshow/82199158.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The survey was conduced among over 250 companies, evenly split between the manufacturing and services industries, having a turnover of Rs 100-250 crore
