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
Category: MSME-Startup
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
Loans: PMAY can be applied only once – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-pmay-can-be-applied-only-once/2195389/ Do not take loan to invest in stocks. Use proposed EMI to invest via SIP Yes, with a greater than 800 CIBIL score
A 5G opportunity for Indian startups–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/a-5g-opportunity-for-indian-startups/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. As the world rolls out the fifth-generation technology
Do not write an obit for Indian Microfinance sector just yet – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/do-not-write-an-obit-for-indian-microfinance-sector-just-yet/articleshow/80917807.cmsSynopsis Microfinance industry has bounced back after every crisis. Similar resilience is expected from the sector post the COVID-19 crisis as well The global
Taking a cue from China: How India can help SMEs flourish and prosper – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/taking-a-cue-from-china-how-india-can-help-smes-flourish-and-prosper/articleshow/80917708.cmsSynopsis There have been many factors that aided the growth of Chinese SMEs, including strong cultural advantages and a sharp focus. India too can
‘E-comm platforms have reduced export barriers’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/e-comm-platforms-have-reduced-export-barriers/article33836397.ece?homepage=true (Clockwise from left) Abhijit Kamra, Director Global Trade at Amazon India; Lloyd Mathias, Angel Investor and Business Strategist; Raja Rajan, Founder CEO, Boston
Exporters send an SOS after Budget jolt – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/exporters-send-an-sos-after-budget-jolt/article33804150.ece Moves to disallow IGST refunds, allow confiscation of goods will hurt India’s image as supplier: FIEO India’s exporters have red-flagged proposals in the
PM Modi’s 59-minute MSME loan approval: 2.23 lakh applications sanctioned by PSBs; 93% disbursed so far – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-pm-modis-59-minute-msme-loan-approval-2-23-lakh-applications-sanctioned-by-psbs-93-disbursed-so-far/2195158/ Credit and Finance for MSMEs: MSMEs are required to share GST identification number, IT returns, six-month bank statements, and owner’s details to apply
Nine months since launch, Modi govt’s MSME grievance redressal portal Champions resolves this many cases – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-nine-months-since-launch-modi-govts-msme-grievance-redressal-portal-champions-resolves-this-many-cases/2194784/ Ease of Doing Business for MSMEs: The portal allowed MSME associations, units, employees, and aspiring entrepreneurs, etc. to file complaints, share suggestions or
NPAs to be nebulous owing forbearance dispensations, restructuring schemes: CARE – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/npas-to-be-nebulous-owing-forbearance-dispensations-restructuring-schemes-care/article33827877.ece?homepage=true Non-performing assets (NPAs) of Banks this year would tend to be a bit nebulous due to the various forbearance dispensations that have been
Loan recovery: Ministry gives more power in the hands of NBFCs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/loan-recovery-ministry-gives-more-power-in-the-hands-of-nbfcs/article33831409.ece?homepage=true NBFCs allowed to use SARFAESI law for minimum loan size of Rs 20 lakh The Finance Ministry has operationalised a budget announcement that
A key step for inclusive growth – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/a-key-step-for-inclusive-growth/2193776/ Benefits extended to the affordable rental housing segment in the Budget will prove key to dignified living for migrant workers in cities The
‘Only 20% small businesses offer online services, leaving market for last-mile logistics largely untapped’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-logi-only-20-small-businesses-offer-online-services-leaving-market-for-last-mile-logistics-largely-untapped/2192975/ Logistics for MSMEs: Intra-city logistics providers, which usually deal with instant and on-demand delivery requirements, have a high degree of commitment to ensuring
Skills development ministry launches Mahatma Gandhi National Fellowship in partnership with IIMs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/skills-development-ministry-launches-mahatma-gandhi-national-fellowship-in-partnership-with-iims/articleshow/80896582.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The two-year academic programme will have in-built component of on-ground practical experience with the district administration. The nine IIMs include the IIM Bangalore,
‘Bad bank’ idea: Govt guarantee for ARC paper likely | India News,The Indian Express
Clipped from: https://indianexpress.com/article/india/npas-bad-bank-arc-paper-bad-loan-budget-7186433/ The ARC, according to government officials, is likely to take over Rs 2-2.5 lakh crore of stressed assets that remain unresolved in around
To cater to SMEs and MSMEs, Razorpay creates 650 new jobs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/to-cater-to-smes-and-msmes-razorpay-creates-650-new-jobs/article33819144.ece?homepage=true Newly-minted fintech unicorn Razorpay has created 650 new job opportunities to meet the constantly growing payment and banking needs of SMEs, MSMEs and
Need to do more: Bid to resolve Rs 5-lakh crore pain point for MSMEs sees tardy progress – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/need-to-do-more-bid-to-resolve-rs-5-lakh-crore-pain-point-for-msmes-sees-tardy-progress/articleshow/80824807.cms Synopsis–Costs for MSMEs to do business is rising in all sorts of ways. Unpaid dues are central to their woes. For the financially
Need to do more: Bid to resolve Rs 5-lakh crore pain point for MSMEs sees tardy progress – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/need-to-do-more-bid-to-resolve-rs-5-lakh-crore-pain-point-for-msmes-sees-tardy-progress/articleshow/80824807.cms SynopsisCosts for MSMEs to do business is rising in all sorts of ways. Unpaid dues are central to their woes. For the financially
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