Clipped from: https://www.thehindubusinessline.com The structuring of their relief package suggests that the Centre is only keen to ensure the sustenance of somewhat large and viable MSMEs
Category: News of interest
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Centre eroding States’ fiscal autonomy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Restrictive conditionality Only intended to hinder States’ development policies – Getty Images/iStockphoto Restrictive conditionality Only intended to hinder States’ development policies – Getty
CBDT notifies revised Form 26AS, to include details of property, share deal | Business Standard News
Clipped from: https://www.business-standard.com/ To implement this, the Budget 2020-21 had introduced a new Section 285BB in the Income Tax Act Form 26AS is an annual consolidated
Lockdown 4.0: Not looking for dole, need better policies, say Meerut MSMEs | Business Standard News
Clipped from: https://www.business-standard.com/article/economic-revival/lockdown-4-0-not-looking-for-dole-need-better-policies-say-meerut-msmes-120052801729_1.html The fourth of a five-part series looks at the situation in the industrial heartland of Western UP where firms prefer GST refunds, supportive
Do borrowers have any rights? | Business Standard Column
Clipped from: https://www.business-standard.com Can the bank take shelter under the omnibus problems caused by the Covid-19 crisis to indiscriminately cut down on the sanctioned credit limits
Rs 20 lakh crore Covid-19 relief package: Missing demand – The Financial Express
Clipped from: https://www.financialexpress.com/ The package has a large role for RBI, with 40% of the amount mentioned being provided as liquidity by the central bank. What
Blanket ban on recovery impractical, say bankers – The Economic Times
Clipped from: https://economictimes.indiatimes.com Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket protection against
PNB Housing: PNB Housing Finance takes over Vipul Ltd Project after default – The Economic Times
Clipped from: https://economictimes.indiatimes.com The lender had sent a notice to the Bombay Stock Exchange listed developer in February, demanding repayment of the loan given against its
SBI ready with micro market plan, soft launch on June 1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com State Bank of India (SBI) is all set to activate its micro market vertical from June to raise its stake with the bottom-of-the-pyramid
Reopen the malls, spare real estate–Economic Times
Clipped from: https://economictimes.indiatimes.com Restaurants in shopping malls are reportedly looking at moving out of these precincts that have been shut due to the pandemic-induced lockdown. That
Labourer: Projects worth Rs 21.11 lakh cr at a standstill in red zone districts: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ According to the study by projects monitoring organisation Projects Today, around 8,917 projects worth Rs 21.11 lakh crore are stuck in the 108
Law or no law, deficits keep getting monetised–Times of India
Clipped from: https://timesofindia.indiatimes.com A report in the 27th May edition of Times of India says that the union government is considering the option of getting the Reserve
Coronavirus Lockdown: Why Rs 5,000 crore credit facility for street vendors may fall short | Deccan Herald
Clipped from: https://www.deccanherald.com Financial relief in the form of loans is unlikely to work for a majority of street vendors The urban landscape in India will
MSME loans: Eligible MSMEs to get offer of pre-approved loan under Rs 3 lakh crore relief package – The Economic Times
Clipped from: https://economictimes.indiatimes.com It seeks to provide much-needed relief to the MSME sector by incentivising lending institutions to provide additional credit of up to Rs 3
Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 yrs: Fitch – The Economic Times
Clipped from: https://economictimes.indiatimes.com The impact of forced lending on banks’ impaired-loan ratios can be anywhere between 200 and 600 basis points (bps), depending on the severity
Indian economy to contract 5% in FY21, says S&P assuming COVID-19 peak by third quarter – The Economic Times
Clipped from: https://economictimes.indiatimes.com S&P Global Ratings forecast Indian economy to contract 5 per cent in the current fiscal. S&P Global Ratings on Thursday said the Indian economy will
Punjab approves reforms to avail additional borrowing of 1.5% of GSDP | Business Standard News
Clipped from: https://www.business-standard.com/ The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal The Punjab cabinet approved setting
India can tide over worst recession, but govt must be careful: Experts | Business Standard News
Clipped from: https://www.business-standard.com/ Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan’s SP Jain Institute of Management Research Former Reserve Bank of India
Labour pains: Thane’s MSMEs operating at 10-15% capacity amid lockdown | Business Standard News
Clipped from: https://www.business-standard.com The third of a five-part series looks at how lack of manpower and cash flow issues have put small units in dire straits
Do borrowers have any rights? | Business Standard Column
Clipped from: https://www.business-standard.com/ Can the bank take shelter under the omnibus problems caused by the Covid-19 crisis to indiscriminately cut down on the sanctioned credit limits