Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-sector-emerged-as-growth-engine-of-economy-rbi-governor-shaktikanta-das/articleshow/81208004.cms Outlining the emerging post Covid opportunities in India, Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that the MSME sector in India has emerged as the
Category: MSME-Startup
Stainless steel MSMEs will be on the verge of bankruptcy due to excessive import dumping from China, Indonesia: ISSDA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/stainless-steel-msmes-will-be-on-the-verge-of-bankruptcy-due-to-excessive-import-dumping-from-china-indonesia-issda/articleshow/81212911.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The government reversed six trade remedies out of which three relate to stainless steel, which is just 3% of the overall steel industry
Fuelled by exports, leather units to turn the corner: CRISIL SME Tracker | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/fuelled-by-exports-leather-units-to-turn-the-corner-crisil-sme-tracker-121022300723_1.html Leather exports plummeted in the first quarter, following lockdowns and restrictions in importing nations. Leather exports plummeted in the first quarter following lockdowns
Upskilling has become a priority for SMEs in 2021: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/upskilling-has-become-a-priority-for-smes-in-2021-report/articleshow/81172793.cmsSynopsis The pandemic brought in some unprecedented changes that impacted several industries across the economy, the MSME sector being one of the worst hit.
Efforts on to make 5,000 MSME clusters under SFURTI scheme: Nitin Gadkari – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/efforts-on-to-make-5000-msme-clusters-under-sfurti-scheme-nitin-gadkari/articleshow/81164649.cmsSynopsis SFURTI (Scheme of Fund for Regeneration of Traditional Industries) offers incentives such as skill development, capacity building, creation of facilities such as common
MSME: Banks, NBFCs or maybe fintechs. Who is in a better position to plug the $240 billion credit gap for MSMEs? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/banks-nbfcs-or-maybe-fintechs-who-is-in-a-better-position-to-plug-the-240-billion-credit-gap-for-msmes/articleshow/81164753.cms SynopsisWith technology transforming the lending landscape, are traditional lenders losing sheen and who’s best placed to lend to SMEs? For 65 million Indian
Domestic fintech lenders gain business as Google cleans up China-backed apps – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/domestic-fintech-lenders-gain-business-as-google-cleans-up-china-backed-apps/articleshow/81156156.cms SynopsisMost domestic fintech lenders that ET spoke with said that their business rose 20-40% month-on-month since December, when the crackdown started. Recently, Google
New scheme for service exports with max sops for MSMEs proposed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/new-scheme-for-service-exports-with-max-sops-for-msmes-proposed/articleshow/81149883.cmsSynopsis The scheme is touted as a replacement for the Service Export from India Scheme and is on the same lines as Remission of
Too much prudence with bad loans is bad–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/too-much-prudence-with-bad-loans-is-bad/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The reported proposal for banks to sell only
SMEs feel the heat as copper prices hit the roof – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/smes-feel-the-heat-as-copper-prices-hit-the-roof/article33888264.ece?homepage=true The sharp spike in the benchmark LME (London Metal Exchange) copper prices to $8,806 a tonne from $7,755 from start of this month
Why India needs a Bharat Fund beyond the existing VC ecosystem – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/why-india-needs-a-bharat-fund-beyond-the-existing-vc-ecosystem/articleshow/81121994.cmsSynopsis MSMEs play a pivotal role in bolstering the economy and, therefore, need to be carefully nurtured with policies and regulations which will help
MSME credit up on Govt guarantee – The Economic Times
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
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
