Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/cait-demands-restoration-of-msme-status-for-8-crore-traders/articleshow/81492004.cmsSynopsis The government in June 2017 removed retail and wholesale traders from the MSME category forcing the players either borrow at a higher rate
Category: MSME-Startup
Corrugated box makers face severe raw material shortage, user industries voice concern over surging prices – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/packaging/corrugated-box-makers-face-severe-raw-material-shortage-user-industries-voice-concern-over-surging-prices/articleshow/81498019.cmsSynopsis “We are exporting around 2 million tonnes of kraft pulp to China now vs nothing in 2018 because China has banned imports of
Finance ministry cracks the whip on insurance companies for ignoring MSMEs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/finance-ministry-cracks-the-whip-on-insurance-companies-for-ignoring-msmes-121030400382_1.html Reluctant insurers have failed to offer the cover especially curated by the ministry following the UK Sinha panel’s recommendations The department of financial
Extend PLI scheme to all MSMEs amid Covid-19 pandemic, says NITI Aayog | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/extend-pli-scheme-to-all-msmes-amid-covid-19-pandemic-says-niti-aayog-121030401724_1.html The recently announced PLI scheme for the telecom sector extended the incentives to MSMEs. The Aayog has suggested that the existing PLI schemes
Govt plans prepack insolvency process for MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/govt-plans-prepack-insolvency-process-for-msmes/article34060850.ece Existing promoters may get to bid for their own entity The government plans to come up with a new pre-packed insolvency process for
Dealing with stressed business assets: Giving up on time is a smart strategy – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-dealing-with-stressed-business-assets-giving-up-on-time-is-a-smart-strategy/2208738/ Ease of Doing Business for MSMEs: The situation of stressed assets is hardly surprising, given the economy’s stressed assets had quadrupled from $26
Watch out for MSME risk build-up amid Covid-19 pandemic, says report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/watch-out-for-msme-risk-build-up-amid-covid-19-pandemic-says-report-121021801579_1.html The default rates in September 2020 remained stable at 12.1 per cent, a level also seen in September 2019 The micro units have
Special insolvency relief framework for Covid-hit MSMEs in the works | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/special-insolvency-relief-framework-for-covid-hit-msmes-in-the-works-121031000069_1.html Such firms may be allowed to opt for pre-packaged deal The provisions under consideration include allowing MSMEs to opt for pre-package deals by
MSMEs need many therapies to recuperate – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/msmes-need-many-therapies-to-recuperate/article34038221.ece Tweaking the new definition of MSMEs and enhancing cost competitiveness will help them tide over the pandemic impact Apart from these issues, the
Merchandise export receivables can’t be set off against service import dues | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/merchandise-export-receivables-can-t-be-set-off-against-service-import-dues-121030801164_1.html You may remit the amount against the import of services separately and ask the buyer abroad to remit the full payment against your
GST e-invoicing mandatory for turnover of Rs 50 cr and above from April 1 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-e-invoicing-mandatory-for-turnover-of-rs-50-cr-and-above-from-april-1-121030801373_1.html The government had earlier planned to extend e-invoicing to all entities from April 1, 2021, but has refrained, taking care of interest of
Fundraising tips for women entrepreneurs–the economic times
Clipped from: https://economictimes.indiatimes.com/small-biz/entrepreneurship/international-womens-day-fundraising-tips-for-women-entrepreneurs/articleshow/81385482.cms Confidence is one of the most important traits that every woman entrepreneur must have. If you want to break the glass ceiling, you must have
10,113 companies voluntarily shuttered operations during Apr 2020-Feb 2021 period: Govt data – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/10113-companies-voluntarily-shuttered-operations-during-apr-2020-feb-2021-period-govt-data/articleshow/81397226.cmsSynopsis “A total of 10,113 number of companies during the year 2020-21 (from the month of April 2020 to February 2021) have been struck
How will Haryana’s 75% job quota impact the SME sector? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/how-will-haryanas-75-job-quota-impact-the-sme-sector/2206825/ It is a populist measure driven by the desire to appease the local vote bank than create jobs, say experts The Haryana job
ECGLS helps push MSME loan growth as of end Sept: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/ecgls-helps-push-msme-loan-growth-as-of-end-sept-report/articleshow/81347763.cmsSynopsis Private banks and public sector banks (PSB) have seen a surge in growth in the June and September quarters, while non-bank financial companies
Loan restructuring: Should MSMEs opt for RBI’s one-time restructuring scheme – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/loan-restructuring-should-msmes-opt-for-rbis-one-time-restructuring-scheme/articleshow/81311056.cms Synopsis–Can the one-time restructuring plan, supposed to be implemented by March 31, 2021, offer some breathing space for the Covid- battered MSME sector?
A proposed GST amendment may severely impact Indian exporters – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/a-proposed-gst-amendment-may-severely-impact-indian-exporters/articleshow/81360362.cms SynopsisAn amendment to Section 16 of the IGST Act may seem harmless, but is capable of having a deep and far-reaching implication for
Inside Atal Innovation Mission’s push to spur innovation across India’s hinterlands and help MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/inside-atal-innovation-missions-push-to-spur-innovation-across-indias-hinterlands-and-help-msmes/articleshow/81330766.cmsSynopsis Atal Innovation Mission boasts of several unique measures to spur innovation across India’s hinterlands and help MSMEs. Atal Innovation Mission, the flagship initiative of the
Amazon onboards 50,000 small sellers under ‘Local Shops’ programme for shopkeepers in less than a year – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-amazon-onboards-50000-small-sellers-under-local-shops-programme-for-shopkeepers-in-less-than-a-year/2207926/ Technology for MSMEs: The small sellers selling under the Local Shops on Amazon programme belonged to metros, Tier-II, and III cities offering flowers,
Not all women benefit from WFH – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/not-all-women-benefit-from-wfh/article34013461.ece?homepage=true Women in the unorganised sector cannot work from home. Also stepping outside the home is crucial for empowerment Though the actual numbers vary
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