Clipped from: https://indianexpress.com/article/opinion/columns/covid-19-india-economy-growth-7126878/ Will 2021 be better? What can we look forward to? What should we worry about? It is nine months since India declared the
Category: MSME-Startup
India’s economy in 2020: Year of many questions | GDP of India 2020–indian express
Clipped from: https://indianexpress.com/article/explained/covid-economy-india-budget-2021-gdp-7123862/ India’s economy in 2020: As Annus Horribilis 2020 comes to an end, there are positives in the economy: signs of a GDP rebound,
LTV curbs on gold loans don’t help – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ltv-curbs-on-gold-loans-dont-help/article33456217.ece All that glitters Gold loans call for robust, tailor-made risk management practices in place – Getty Images/iStockphoto All that glitters Gold loans call
The unlocking – 2020: A year of challenges and what lies ahead for the SMEs | The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/2020-a-year-of-challenges-and-what-lies-ahead-for-the-smes/the-unlocking/slideshow/79993348.cms 1/6 How it all began The buzz around Covid-19 was growing from late February with reports of Coronavirus making it into the daily
Non-performing assets recovered via IBC rise 61% in 2019-20 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/non-performing-assets-recovered-via-ibc-rise-61-in-2019-20/article33447464.ece IBC, under which recovery is incidental to rescue of companies, remained the dominant mode of recovery, according to RBI’s “Report on Trend and
IBC emerges as major mode of NPA recovery in 2019-20 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/ibc-emerges-as-major-mode-of-npa-recovery-in-2019-20/article33447977.ece Of the total amount of ₹ 1,72,565 crore recovered, IBC route accounted for ₹ 1,05,773 crore Non-performing assets (NPAs) recovered by scheduled commercial banks through the Insolvency
Over 40% of borrowers availed loan moratorium benefit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/covid-19-over-40-of-borrowers-availed-loan-moratorium-benefit/article33446903.ece The moratorium distribution sought in MSME loans indicates that urban co-operative banks bore the brunt of incipient stress. Customers accounting for 40.43 per
Rollback of policy support can impact health of banks: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rollback-of-policy-support-can-impact-health-of-banks-rbi/article33447487.ece?homepage=true The Reserve Bank of India has warned that as policy support is rolled back, the impact of the Covid-19 pandemic can make a
Bank asset quality may see sharp deterioration post-moratorium: RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/expect-sharp-drop-in-asset-quality-after-covid-accommodation-withdraws-rbi-120122901171_1.html Says banks will have to adapt and adjust to the rapidly evolving economic landscape and entry of niche players and emerging financial technologies
MSME: Government looking at new plans, laws to solve MSME receivables issue: Gadkari
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/government-looking-at-new-plans-laws-to-solve-msme-receivables-issue-gadkari/articleshow/80003881.cmsSynopsis As part of the Aatmanirbhar Bharat package announced in May, MSME dues from central government agencies and CPSEs should have been paid in
Duvvuri Subbarao: Post Covid-19, India can bet on 3 positives for economic revival: Subbarao – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/post-covid-19-india-can-bet-on-3-positives-for-economic-revival-subbarao/articleshow/80008840.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The challenge for the government in the months and years ahead is clear: to put the economy back on a healthy growth trajectory
Loan restructuring requests much lower than estimated: Analysts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/loan-restructuring-requests-much-lower-than-estimated-analysts/articleshow/80012185.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Analysts are also forecasting lower credit provisions and better profitability for banks in the next fiscal year starting April 1, on the back
Digital dangers | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/digital-dangers-120122801139_1.html Unauthorised lending apps must be stopped The Reserve Bank of India (RBI) last week cautioned the public against unauthorised lending apps offering quick loans, after reports of
Rule of 1% GST liability payable in cash may impact 45,000 units – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/rule-of-1-gst-liability-payable-in-cash-may-impact-45000-units/article33426834.ece Input tax credit may be used for up to 99% of GST due; rule meant to check fraud The mandatory requirement of 1%
Cash flows, not ratings may decide loans in future: UCO Bank’’s Ajay Vyas – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/cash-flows-not-ratings-may-decide-loans-in-future-uco-banks-ajay-vyas/article33412983.ece Trend has already begun with SBI, says ED of UCO Bank. Moving on from ratings criteria for grant of loans, banks are likely
LOANS VIA APP: International cyber-crime gang busted by Warangal police
WARANGAL: The cybercrime unit of the Warangal Commissionerate and the Jangaon Police jointly busted a five-member international gang luring people with easy loans via instant
Solve the primary problem in the banking sector–times of india
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/solve-the-primary-problem-in-the-banking-sector/Quick Edit TOI Quick Edits are written by a team of seasoned journalists from the Times of India’s Edit Page and TOI-Online who respond
Corporate Insolvency: IBBI may rein in engagement of third party consultants – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/corporate-insolvency-ibbi-may-rein-in-engagement-of-third-party-consultants/article33378412.ece The Insolvency and Bankruptcy Board of India (IBBI), which has released the discussion paper on ‘Engagement of “professionals” in a corporate Insolvency Resolution
FinMin backs new GST rule, says it’s not for MSMEs, certain I-T payers | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/finmin-backs-new-gst-rule-says-it-s-not-for-msmes-certain-i-t-payers-120122700511_1.html Asserts that the move to ask companies above a threshold to pay one per cent of GST liability in cash targets fake invoicing
Traders’ body CAIT to FM Sitharaman: Defer Rule 86B in GST to ease compliance burden – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-traders-body-cait-to-fm-sitharaman-defer-rule-86b-in-gst-to-ease-compliance-burden/2158480/ Ease of Doing Business for MSMEs: The Central Board of Indirect Taxes and Customs (CBIC) has introduced Rule 86B in GST that restricts
