India has notified the amended IBC guidelines that enable creditors as well as personal guarantors to approach the tribunal seeking to initiate insolvency proceedings against
DHFL: NCLT admits RBI plea seeking bankruptcy resolution for DHFL – The Economic Times
The Mumbai bench of the National Company Law Tribunal on Monday admitted an RBI petition seeking bankruptcy proceedings to resolve the mortgage player Dewan Housing Finance (DHFLNSE -4.81 %).
Nitin Gadkari’s low-cost fast-growth mantra for MSMEs; here’s how to cut dependence on banks – The Financial Express
Ease of Doing Business for MSMEs: MSME Minister Nitin Gadkari on Tuesday urged India’s small businesses to expand to rural and tribal areas to leverage the
This company wants 75 million Indian MSMEs to have their own website; enters India with these offerings – The Financial Express
Technology for MSMEs: Global web hosting company Bluehost on Tuesday announced its foray into India focusing on helping the small business community with an online presence.
Micro businesses forced to remain micro; here’s what prevents them growing to small and medium scale – The Financial Express
Out of nearly 98 per cent of all Indian exporters, which are MSMEs, a staggering 83 per cent are micro-enterprises while the remaining involves small
IBC vs RERA: Should insolvency proceedings be the first option? – The Financial Express
The insolvency regime has seen a majority applications as having been filed by operational creditors—such as vendors, suppliers and employees. In the challenging scenario that
India’s deposit insurance cover lowest among BRIC, says FM Sitharaman | Business Standard News
India has the lowest deposit insurance cover among the BRICS nations (excluding South Africa), finance minister Nirmala Sitharaman said on the floor of the Loksabha on Monday. “The deposit
Firms under IBC: Govt to allow resolution professionals to make filings | Business Standard News
The Ministry of Corporate Affairs (MCA) has decided to empower resolution professionals (RPs) to file routine compliances, said a senior government official, in what may bring relief
Letter sent to states: GST Council rings first alarm bells on revenue | Business News, The Indian Express
Some state finance ministers are scheduled to meet Union Finance Minister Nirmala Sitharaman on Wednesday to discuss the GST compensation dispute. In its first admission
Bad loans worth Rs 80,893 crore written off by banks till September quarter
Private as well as government banks have jointly written off bad loans worth Rs 80,893 crore till September quarter of the current fiscal, the government
Health of MSMEs worsens despite govt measures- Business News
While the government is making efforts to improve the state of Micro, Small and Medium Enterprises (MSMEs) with ‘loan melas’ and a slew of other
Amazon: Amazon and Walmart face the ire of 70 million Indian shopkeepers – The Economic Times
By Ari Altstedter In the heart of New Delhi’s largest wholesale bazaar, merchants who normally compete with each other have united against a common enemy.
DHFL: NCLT admits RBI plea seeking bankruptcy resolution for DHFL – The Economic Times
The Mumbai bench of the National Company Law Tribunal on Monday admitted an RBI petition seeking bankruptcy proceedings to resolve the mortgage player Dewan Housing Finance (DHFLNSE -4.82 %).
SC asks Amrapali buyers to pay outstanding amounts by January 31 – The Economic Times
The Supreme Court on Monday directed thousands of Amrapali home buyers to pay outstanding amounts by January 31 either in installments or at one go for speedy completion of
Government aims to generate additional 5 crore job opportunities in MSMEs sector – The Economic Times
Micro, small and medium enterprises (MSMEs) have created 11 crore jobs and the target is to generate an additional 5 crore employment opportunities by 2024, Union Minister Nitin
A GST Revamp to Make it More Effective–Economic Times
Almost two and a half years after its rollout, the goods and services tax (GST) regime remains very much a work-in-progress, notwithstanding the uptick in
Fast and Loose Do Not Gel With Bullet Trains–Economic Times
Chief minister Uddhav Thackeray would do himself, his state and the nation a massive disservice, if he were to cancel major economic projects merely because
In talks with SBI to jointly run e-commerce portal for MSMEs: Nitin Gadkari – The Economic Times
The government is in talks with the country’s largest public sector lender State Bank of India (SBI) to jointly run an e-commerce portal for marketing of products
Govt purchases from MSMEs exceed minimum procurement limit again; here’s how many businesses benefitted – The Financial Express
Central Public Sector Enterprises (CPSE) have exceeded the minimum procurement threshold of 25 per cent goods and services from micro and small enterprises (MSE) under
The road ahead: Government must fix the financial sector to reverse economic decline–Times of India
India’s gross domestic product in the July-September quarter grew 4.5%, the slowest pace of quarterly growth since the beginning of 2013. This was the sixth
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