Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-india-must-policy-push-itself-away-from-a-protectionist-mindset-and-compete-globally/articleshow/80176370.cmsSynopsis Protection raises inefficiency, increases input costs for user industries, hurts manufacturing exports and prompts retaliation by trading partners. Corporate India has lobbied Finance
Category: MSME-Startup
The Hindu Explains | Why is the RBI worried when volume of bad loans declined in the September quarter? – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/fruits-of-incitement-the-hindu-editorial-on-the-trump-incited-mob-attack-on-us-capitol/article33523021.ece After the Capitol breach, the task of building bipartisan consensus is that much harder If the history of nations is replete with ironies,
Finmin move to catch fake GST bills to hit genuine taxpayers too: industry | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/finmin-move-to-catch-fake-gst-bills-to-hit-genuine-taxpayers-too-industry-121010600801_1.html Says ministry’s new curbs will impact businesses that usually have accumulated credits, as they will have to discharge output tax liability in cash
A lost year | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/a-lost-year-121010701547_1.html Indian economy will need careful policy handling According to the first advance estimates released by the Union Ministry of Statistics and Programme Implementation,
workforce: Post-Covid, here is why policymakers need to take a hard look at the future of work(ers) – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/post-covid-here-is-why-policymakers-need-to-take-a-hard-look-at-the-future-of-workers/articleshow/80146462.cms SynopsisThe pandemic has left an indelible mark on the future of work and workers. It is time we grapple with the impact of
MSME: New-age lenders can be the solution to the credit chasm for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/new-age-lenders-can-be-the-solution-to-the-credit-chasm-for-msmes/articleshow/80148203.cmsSynopsis The conventional distribution model of traditional lenders has always been tilted towards the urban areas and focuses on larger ticket sizes. The solution
Poultry sector: Bird flu yet to hit consumption – The Financial Express
Clipped from: https://www.financialexpress.com/industry/poultry-sector-bird-flu-yet-to-hit-consumption/2165913/ The All India Poultry Breeders Association (AIPBA) has said that consumption of poultry products has not been hit so far even as several
U GRO Capital seeks patent for its scorecard based underwriting model – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/u-gro-capital-seeks-patent-for-its-scorecard-based-underwriting-model/articleshow/80129448.cmsSynopsis The scorecards for assessment at various stages have been developed in consultations with CRIF and CRISIL market experts. U GRO Capital has announced that
Budget 2021 Expectations for MSMEs: MSMEs seek lower GST on professional services to benefit from each other | The Financial Express
Clipped from: https://www.financialexpress.com/budget/budget-2021-expectations-msmes-seek-lower-gst-on-professional-services-to-benefit-from-each-other/2165739/ Union Budget 2021 Expectations for MSMEs: The Central Board of Indirect Taxes and Customs had recently notified that enterprises with over Rs 50
MSME lender Lendingkart’s losses up 65% in FY20; revenue jumps 20% | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-small-business-lender-lendingkarts-losses-widen-65-in-fy20-even-as-revenue-jumps-20/2164882/ Credit and Finance for MSMEs: Backed by Fullerton Financial Holding, Bertelsmann, Mayfield India, Saama Capital, Sistema Asia, India Quotient, and others, Lendingkart enables
CGTMSE: SIDBI’s credit guarantee scheme sees 92% jump in approved loan applications; this many settled – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-cgtmse-sidbis-credit-guarantee-scheme-sees-92-jump-in-approved-loan-applications-this-many-settled/2164780/ Credit and Finance for MSMEs: The CGTMSE scheme had settled 39,937 applications involving Rs 880.31 crore out of nearly 8.39 approved applications during FY20.
export: Exporters in a post-Covid world need finance and favourable trade winds – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/exporters-in-a-post-covid-world-need-finance-and-favourable-trade-winds/articleshow/80091475.cmsSynopsis From working capital to trade finance, an MSME exporter finds access to credit extremely difficult. The Reserve Bank of India’s data shows that
GST compliance may increase the burden for small firms this year – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-compliance-may-increase-the-burden-for-small-firms-this-year/articleshow/80090643.cmsSynopsis Small businesses have so far enjoyed certain compliance relaxations during the GST transition period, however, the revenue loss to the Government during COVID
Skill development: Govt sees 51% jump in manpower trained at MSME Tool Rooms, Tech Centres in FY20 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-skil-skill-development-govt-sees-51-jump-in-manpower-trained-at-msme-tool-rooms-tech-centres-in-fy20/2164115/ Skill, Labour, Talent for MSMEs: Tool Rooms and Technology Development Centres provide precision tooling along with new technologies including CAD/CAM, CNC machining for
Nitin Gadkari: Root cause of the problem is surplus foodgrains and higher MSP than the market price | India News,The Indian Express
Clipped from: https://indianexpress.com/article/india/nitin-gadkari-coronavirus-lockdown-farmers-bill-protests-electric-vehicles-tesla-plant-india-7131732/ As the country eased out of multiple lockdowns last year, the Minister was at centre of the govt’s revival plans to breathe life
Exporters left in cold over flawed RoDTEP scheme | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/exporters-left-in-cold-over-flawed-rodtep-scheme-121010400026_1.html The main objective of RoDTEP is to refund the duties and taxes that are not rebated or exempted through schemes for duty drawback,
I wrongly believed economy won’t revive without a stronger fiscal stimulus: Swaminathan Aiyar – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/i-wrongly-believed-economy-wont-revive-without-a-stronger-fiscal-stimulus-swaminathan-aiyar/articleshow/80056926.cmsSECTIONSI wrongly believed economy won’t revive without a stronger fiscal stimulus: Swaminathan AiyarLast Updated: Jan 02, 2021, 10:44 AM ISTSynopsis The good thing about
Revamped ecosystem will generate higher growth, goods and services tax, employment and exports – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/spin-llps-to-hear-richer-music/articleshow/80085474.cms Synopsis–Most MSME units were mainly operating as partnership firms, and some as limited liability partnerships (LLPs), or private companies. The Atmanirbhar Bharat scheme,
Modi’s challenge in 2021 will be to revive an economy which has slipped into deep recession – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/inside-track-modis-challenge-in-2021-will-be-to-revive-an-economy-which-has-slipped-into-deep-recession/2162928/ The economy may have hit an all-time low and unemployment and inflation a new high, but Modi, with his hirsute sanyasi-like looks and
Imports go up for 1st time since last Feb, exports dip 0.8% – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/imports-go-up-for-1st-time-since-last-feb-exports-dip-0-8/articleshow/80078545.cms NEW DELHI: Indicating a pick-up in economic activity, imports went up for the first time since February, rising 7.6% to $42.6 billion in
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