Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sweeter-gst-offer-to-states-and-relaxed-filing-norms-for-small-units-are-welcome-steps/article32784927.ece Sweeter GST offer to States and relaxed filing norms for small units are welcome steps The GST Council’s Monday meeting was able to
Category: MSME-Startup
Provisional assessment allowed when Customs doubt origin of goods: Expert | Business Standard SME News
Clipped from: https://www.business-standard.com/article/opinion/provisional-assessment-allowed-when-customs-doubt-origin-of-goods-expert-120100501017_1.html Compulsory verification of assessment will be discontinued once the importer demonstrates that he has established adequate system of controls to exercise reasonable care
‘Unauthorised, ill-intentioned’: MSME ministry warns public against ‘MSME Export Promotion Council’
Clipped from: https://www.businesstoday.in/current/economy-politics/unauthorised-ill-intentioned-msme-ministry-warns-public-against-msme-export-promotion-council/story/419242.html The ministry said it is noticed that certain messages are being circulated in media and social media regarding issuance of appointment letter to
Registering MSMEs could help them access formal credit channels | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/msme-registration-nudge-towards-formalisation-6745455/ The costs of formalisation and compliance are high and onerous in many states in India. In such an ecosystem, there are perverse incentives
Payment of advance does not create lien over supplier’s assets: Expert | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/payment-of-advance-does-not-create-lien-over-supplier-s-assets-expert-120062901438_1.html Your rights arise only from the contract between you and the supplier, say expert In case of any damage to the unfinished work
If the imported goods found defective can be re-exported, says expert | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/if-the-imported-goods-found-defective-can-be-re-exported-says-expert-120071301176_1.html The specific provision under the Customs Act, 1962 is Section 26A that allows refund of import duty if the imported goods are found
If govt does not take immediate fiscal steps, MSMEs will die: Pronab Sen | Business Standard News
Clipped from: https://www.business-standard.com/article/economic-revival/if-govt-does-not-take-immediate-fiscal-steps-msmes-will-die-pronab-sen-120071301608_1.html Sen said that while the lockdown had created supply side shocks, these had transformed into demand side issues now when the lockdown was
MSME margins to shrink on Covid-induced loss of demand: CRISIL SME Tracker | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/msme-margins-to-shrink-on-covid-induced-loss-of-demand-crisil-sme-tracker-120072001262_1.html Long constrained for liquidity, MSMEs now also have to cope with loss of demand, labour shortage, and heightened risk aversion in the financial
CBDT to share depreciation, turnover info of small firms with MSME ministry | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/cbdt-to-share-depreciation-turnover-info-of-small-biz-with-msme-ministry-120072001325_1.html The Central Board of Direct Taxes has signed a memorandum of understanding in this regard with the Ministry of Micro, Small and Medium
Next set of asset quality woes for lenders to come from MSME segment | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/next-set-of-asset-quality-woes-for-lenders-to-come-from-msme-segment-120101401239_1.html Gross NPAs at 12.8 per cent in June are up 140 bps year-on-year, marking the sharpest surge across asset pools Worries over MSME
Banks not willing to lend to small businesses: KVIC to approach finance ministry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/banks-not-willing-to-lend-to-small-businesses-kvic-to-approach-finance-ministry/articleshow/78680137.cmsSynopsis The KVIC has received several complaints about banks not agreeing to lend even to businesses with confirmed government orders. NEW DELHI: The Khadi
Banks need Artificial Intelligence for corporate lending: Krishnamurthy Subramanian, Chief Economic Advisor – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-need-artificial-intelligence-for-corporate-lending-krishnamurthy-subramanian-chief-economic-advisor/articleshow/78686042.cmsSynopsis Speaking at a virtual summit organised by Intel and Indian School of Business, he said lending to MSMEs (Micro, Small and Medium Enterprises)
Government warns public against ‘mischievous’ activities of MSME Export Promotion Council – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/government-warns-public-against-mischievous-activities-of-msme-export-promotion-council/2107843/ The Ministry of Micro, Small and Medium Enterprises (MSME) issued a clarification in this regard alerting the public after taking strong note “of
Pandemic provides unique opportunity to expand business by acquiring distressed assets – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/pandemic-provides-unique-opportunity-to-expand-business-by-acquiring-distressed-assets/articleshow/77282627.cmsSynopsis In this ‘new normal’, deal making in distressed assets is a beacon of hope for the sluggish economy to create synergies and economies
Banks sanction Rs 1.63 lakh crore to 42 lakh MSMEs under credit guarantee scheme – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/banks-sanction-rs-1-63-lakh-crore-to-42-lakh-msmes-under-credit-guarantee-scheme/articleshow/78088593.cmsSynopsis On the disbursement front, however, over Rs 1.18 lakh crore doled out to 25 lakh MSME units, till September 10, which were hit
MSME Ministry: Government asks private sector to clear payments due to MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-ministry-asks-corporates-to-clear-dues-of-small-units-on-priority/articleshow/78103313.cmsSynopsis The ministry has also asked corporates to ensure that they are filing half-yearly returns as mandated by the Ministry of corporate affairs on
Villgro: Villgro announces upto Rs 10 crore funding through iPitch – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/villgro-announces-upto-rs-10-crores-funding-through-ipitch/articleshow/78105923.cmsSynopsis This year, iPitch is keen to fund women entrepreneurs. The selected enterprises will receive seed funding of upto Rs 2 crore, in the
RBI’s move to boost gold loans will help stressed SMEs and individuals. But risk management is key – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/rbis-move-to-boost-gold-loans-will-help-stressed-smes-and-individuals-but-risk-management-is-key/primearticleshow/77861445.cms Banking ✖ Getty ImagesLabourers pull agoods laden hand-cart past a branch of India’s second largest gold loan firm, Manappuram Finance, in Mumbai. SynopsisThe
Amazon: Does your business need Amazon and Flipkart to sell online? For many, it cuts both ways – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/does-your-business-need-amazon-and-flipkart-to-sell-online-for-many-it-cuts-both-ways/articleshow/77902991.cms SynopsisCovid-19 has fuelled the adoption of e-commerce among small businesses. However, the gains of selling on an ecommerce portal may be limited because
‘MSMEs must have contingency planning’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/msmes-must-have-contingency-planning/article31925864.ece X Arokianathan, Past Co-Convenor, MSME Panel, Confederation of Indian Industry-Tamil Nadu. X Arokianathan, Past Co-Convenor, MSME Panel, Confederation of Indian Industry-Tamil Nadu.× In
aniltikotekar4sme.com 