Clipped from: https://www.thehindubusinessline.com/economy/centre-nudges-2800-large-corporates-to-clear-dues-of-msmes-by-oct-end/article32894879.ece?homepage=true Encouraged by the strong response from the top 500 companies to its earlier entreaty to clear dues of MSMEs, the Ministry of Micro,
Category: MSME-Startup
‘Imperfect yet small gains from labour codes shall drive MSMEs forward’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-imperfect-yet-small-gains-from-labour-codes-shall-drive-msmes-forward/2104248/ Ease of Doing Business for MSMEs: There are many reasons why many of India’s 63 million enterprises are dwarfs (small that stay small)
MSMEs’ long term recovery likely ahead but subdued demand, lower disposable income among key issues – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-msmes-long-term-recovery-likely-ahead-but-subdued-demand-lower-disposable-income-among-key-issues/2109233/ Ease of Doing Business for MSMEs: Lack of technical expertise might continue to be a hurdle for MSMEs to adopt digital technology to
CPSEs clear dues worth Rs 13,400 crore to MSMEs in last five months: Govt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/cpses-clear-dues-worth-rs-13400-crore-to-msmes-in-last-five-months-govt/articleshow/78743746.cmsSynopsis It is mandatory for all CPSEs and the companies with turnover of more than Rs 500 crore to join this platform. However, many
Centre to ensure interest waiver benefits to small borrowers by Nov 2 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-to-ensure-interest-waiver-benefits-to-small-borrowers-by-nov-2-120101900040_1.html Experts say provisioning requirements for banks may go up 20-50 per cent in Q2 due to SC standstill order It will tentatively cost
TDS on e-Commerce is a very bad idea–Economic Times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/tds-on-e-commerce-is-a-very-bad-idea/ The government should rethink its move to levy, come October 1, a 1% tax deducted at source (TDS) on sales facilitated by an
Baby steps in GST – The Hindu BusinessLine
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
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
