Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-credit-up-on-govt-guarantee/articleshow/81102724.cmsSynopsis The highest year-on-year growth of 9% was seen in the category of small businesses with a loan exposure of between Rs 10 lakh
Category: MSME-Startup
MSME: Why technology is the only path to sustained growth for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/why-technology-is-the-only-path-to-sustained-growth-for-msmes/articleshow/80281133.cmsSynopsis The Economic Times Digital Payments Forum presented by Mastercard aims to start a dialogue on how digital technology and small businesses can profitably
SC asks Centre to file affidavit on technical glitches in GSTN – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/sc-asks-centre-to-file-affidavit-on-technical-glitches-in-gstn/article33872233.ece?homepage=true A key contention of the tax-payers was that the relevant GST returns could not be filed due to tech glitches on the portal
Allegations of dodging laws have malicious intent: Amazon India chief | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/allegations-of-dodging-laws-have-malicious-intent-amazon-india-chief-121021801010_1.html Amit Agarwal tells the employees that the company remains committed to its pledge to digitise 10 mn MSMEs, enable $10 bn in exports
Two-wheeler rental startup Vogo raises funding from existing investors; eyes profitability by year-end – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/two-wheeler-rental-startup-vogo-raises-funding-from-existing-investors-eyes-profitability-by-year-end/2197557/ Launched in 2016 by the alumni of IITs and IIMs – Anand Ayyadurai, Padmanabhan Balakrishnan, and Sanchit Mittal, Vogo caters to personal mobility
Small business lender U GRO Capital expands to unorganised micro businesses; to lend up to Rs 15 lakh – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/small-business-lender-u-gro-capital-expands-to-unorganised-micro-businesses-to-lend-up-to-rs-15-lakh/2197585/ Credit and Finance for MSMEs: U GRO also announced the expansion of its distribution network by adding 25 branches across Karnataka, Tamil Nadu,
Flipkart to help this state’s small businesses, artisans sell online; to offer incubation, training, more – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-flipkart-to-help-this-states-small-businesses-artisans-sell-online-to-offer-incubation-training-more/2197607/ Technology for MSMEs: Tamil Nadu had recently announced its MSME Policy 2021 and set a target to attract new investments worth Rs 2
Limited liability partnerships to disclose ‘beneficial ownership’ | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/limited-liability-partnerships-to-disclose-beneficial-ownership-121021900066_1.html The rules for disqualification of directors for non-filing of annual returns for any three consecutive years will also be made applicable to LLPs
Bank of Maharashtra partners with Vayana Network to offer help MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/bank-of-maharashtra-partners-with-vayana-network-to-offer-help-msmes/articleshow/81085569.cmsSynopsis Vayana Network connects corporates and their trade ecosystems to provide digital, convenient and affordable access to credit for their payables and receivables. PUNE:Bank
Google to give Rs 109 crore to support SMBs in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/google-to-give-rs-109-crore-to-support-smbs-in-india/articleshow/81084841.cmsSynopsis When the pandemic hit last year, Google announced a $200 million investment fund as part of its more than $800 million commitment to
Funding and MSMEs: Can banks & fintech together address the credit gap for small businesses? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/funding-and-msmes-can-banks-fintech-together-address-the-credit-gap-for-small-businesses/articleshow/81087510.cmsSynopsis With the COVID 19 pandemic disrupting economic activities worldwide, the role of fintech, banks, and NBFCs in powering small businesses in the post-pandemic
Government’s initiatives brings back loan growth to pre-Covid levels – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/governments-initiatives-brings-back-loan-growth-to-pre-covid-levels/articleshow/81094227.cmsSynopsis Enquiries by borrowers rose 13 per cent year-on-year as of December’20 with lending growth largely being driven by the MSME segment. The total
CAIT demands ban on Amazon’s e-commerce operations in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/cait-demands-ban-on-amazons-e-commerce-operations-in-india/articleshow/81094552.cmsSynopsis Traders’ body CAIT on Thursday urged the government to impose a ban on Amazon’s e-commerce portal and its operations in India, accusing the
Inside Amazon’s secret strategy to dodge India e-commerce regulations – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/amazon-documents-reveal-its-secret-strategy-to-dodge-india-regulators/articleshow/81059533.cms Amazon documents reveal its secret strategy to dodge India regulators Synopsis Amazon favoured big sellers on its India platform—and used them to maneuver
Google to invest $75 million in coronavirus-hit small businesses – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/google-to-invest-75-million-in-coronavirus-hit-small-businesses/articleshow/81058549.cmsSynopsis The funds are part of an $800 million initiative that Google announced in March last year in response to the pandemic. Indian companies
The TReDS route to trade credit–THE ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/the-treds-route-to-trade-credit/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. A Parliamentary Standing Committee wanting to make the
Stung by COVID-19, Indian businesses rethink worker benefits – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/stung-by-covid-19-indian-businesses-rethink-worker-benefits/articleshow/80964148.cmsSynopsis Almost a quarter of the informal workers are migrants who typically travel from their villages to bigger cities in distant parts of the
Compulsory TReDS to ease payment woes for MSMEs, small companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/compulsory-treds-to-ease-payment-woes-for-msmes-small-cos/articleshow/80947583.cmsSynopsis The Centre is seeking to cut through swathes of bureaucracy and speed up bill payments by getting its departments to compulsorily adopt the
NBFCs’ stressed assets could touch ₹1.5-1.8-lakh cr by fiscal end: Crisil Ratings – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/nbfcs-stressed-assets-could-touch-15-18-lakh-cr-by-fiscal-end-crisil-ratings/article33850173.ece?homepage=true That’s 6% to 7.5% of their AUM; personal loan segment to be the ‘big challenge’ this year Stressed assets of non-banking financial companies
January exports growth hits 22-month high: Commerce ministry data – The Financial Express
Clipped from: https://www.financialexpress.com/economy/january-exports-growth-hits-22-month-high-commerce-ministry-data/2195485/ Imports, too, recorded a second successive month of growth (2% year-on-year) in January but the pace of rise slowed from 7.6% in December
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