Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/economic-survey-20-2021-reveals-governments-rationale-behind-revising-the-definition-of-msme/articleshow/80582395.cmsSynopsis The need for a change in definition, that’s aimed at offering small firms the incentives to grow and thereby reap economies of scale
Category: MSME-Startup
What to expect from FM Nirmala Sitharaman’s third act–BUDGET 2021–business today
Clipped from: https://www.businesstoday.in/union-budget-2021/columns/budget-2021-what-to-expect-from-fm-nirmala-sitharamans-third-act/story/429433.html The government should speedily release all outstanding payments or tax refunds owed to service providers in the form of pending bills. This includes
TReDS: TReDs was touted as the tool to tackle delayed payments to MSMEs. Did it succeed? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/treds-was-touted-as-the-tool-to-tackle-delayed-payments-to-msmes-did-it-succeed/articleshow/80551986.cms Synopsis–TReDS was supposed to be a game changer-a platform that could sort out the issue of delayed payments for MSMEs. Almost five years
What Economic Survey 2020-21 says about India’s startup ecosystem – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/what-economic-survey-2020-21-says-about-indias-startup-ecosystem/articleshow/80586774.cmsSynopsis The government has recognised 41,061 startups so far, more than 39,000 of which have reported 4,70,000 jobs, according to the Economic Survey 2020-21.
Budget 2021: Measures FM Nirmala Sitharaman should announce to spur pandemic-hit economy–business today
Clipped from: https://www.businesstoday.in/union-budget-2021/expectations/budget-2021-measures-fm-nirmala-sitharaman-should-announce-to-spur-pandemic-hit-economy/story/429078.html While the urgent requirement is to revive demand and consumption, measures for improving India’s competitiveness are important for long-term sustainability and economic prosperity
Go for growth: The Budget must focus overwhelmingly on reviving economic growth
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/go-for-growth-the-budget-must-focus-overwhelmingly-on-reviving-economic-growth/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Fintech company Jai Kisan partners with KVGB to help rural customers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/fintech-company-jai-kisan-partners-with-kvgb-to-help-rural-customers/articleshow/80476746.cmsSynopsis Jai Kisan is bridging the need for innovative, practical and tech-driven solutions to deploy financial services in a sustainable, cost-effective and scalable manner
Budget Byte: Banks’ non-performing assets likely to bulge in 2021 | Business Standard News
Clipped from: https://www.business-standard.com/budget/article/budget-byte-banks-non-performing-assets-likely-to-bulge-in-2021-121012601093_1.html This daily series of graphs provides context to some of the critical issues relating to the Union Budget on February 1 MSMEs bear the
R&D focus necessary to meet target of $1 trillion exports: FIEO’s Ajay Sahai – The Economic Times Video | ET Now
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/rd-focus-necessary-to-meet-target-of-1-trillion-exports-fieos-ajay-sahai/videoshow/80462605.cms Container shortage, slow sales and lack of adequate credit in the backdrop of the pandemic left the exports sector clamouring to survive. Will
New localisation plans can derail Modi’s entire PLI scheme – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/new-localisation-plans-can-derail-modis-entire-pli-scheme/2178362/ The way the scheme was designed, to avail of the incentive, a firm has to increase its output in the 5th year by
Auto MSMEs cornered 91% of loans amid Covid; NPA share declined across borrower segments – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-auto-msmes-cornered-91-of-loans-amid-covid-npa-share-declined-across-borrower-segments/2178285/ Credit and Finance for MSMEs: Within the top clusters of Mumbai-Pune, Delhi-Gurugram-Faridabad, Chennai, Bengaluru, Jamshedpur-Kolkata, Ludhiana-Jalandhar, Sanand, and Pithampur, the credit availed by
Harassment in fintech loan recovery: Why onus is on borrowers too–business today
Clipped from: https://www.businesstoday.in/money/banking/harassment-in-fintech-loan-recovery-why-onus-is-on-borrowers-too/story/428547.html Fintech platforms might be taking borrowers for a ride, but onus is on the borrowers too – take loan with an intent to
Rashesh Shah Interview: ‘Govt spending actually helps middle & lower class, so fiscal stimulus is more important’ | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/economy/govt-spending-actually-helps-middle-lower-class-so-fiscal-stimulus-is-more-important-7160347/ Even though the government did not spend much money, it has bounced back very well. The Sensex has seen a sharp rally to
Small businesses looking to sell online face a GST anomaly: FISME’s Animesh Saxena – The Economic Times Video | ET Now
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/small-businesses-looking-to-sell-online-face-a-gst-anomaly-fismes-animesh-saxena/videoshow/80328965.cmsET Online | 19 Jan 2021, 09:00 AM ISTPost a Comment Covid-hit MSMEs are all geared up to capitalise on the online selling mode,
The Foundation has helped 300 SMEs to leverage opportunities: Ajay Kela, CEO, Wadhwani Foundation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/the-foundation-has-helped-300-smes-to-leverage-opportunities-ajay-kela-ceo-wadhwani-foundation/articleshow/80445453.cmsSynopsis Entrepreneurs with resilience, innovation and perseverance have recognized the opportunities COVID-19 offered and pivoted their business models accordingly. Wadhwani Foundation, a not-for-profit with
Inside NITI Aayog’s plan to build India’s Alibaba for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/desi-alibaba-in-the-works/articleshow/80443001.cmsSynopsis NITI Aayog is working on various mechanisms to encourage small businesses in India to get on to online portals to expand their reach
Manufacturing cos hiring locals to cut reliance on migrant labourers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/manufacturing-cos-hiring-locals-to-cut-reliance-on-migrant-labourers/articleshow/80455093.cms SynopsisEconomists and top company officials said this could lead to a permanent shift in the labour workforce market as the pandemic made companies
What Budget 2021 can do for startups: If you start ’em up, we’ll never stop – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/startups/what-budget-2021-can-do-for-startups-if-you-start-em-up-well-never-stop/articleshow/80437201.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Startups are expected to scale and expand in 2021, especially with the ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives promoting entrepreneurship in a
Start-up plans multi-city laptop, PC repair centres – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/start-up-plans-multi-city-laptop-pc-repair-centres/article33622836.ece With the electronic hardware service industry remaining largely unorganised, GVdalph Tech, a city-based start-up, is setting up a well-equipped repair centre in Hyderabad.
MSMEs should explore cluster approach to achieve economic development: Sarangi – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/msmes-should-explore-cluster-approach-to-achieve-economic-development-sarangi/article33631883.ece MSME sector contributes 29.7% to India’s GDP and accounts for 49.66% of exports “The MSME industry needs to expand, its scope is enormous.
