Page 9 - SME

Insolvency law changes to give better resolution framework for MSMEs: Govt

The government on Wednesday said the latest amendments to the insolvency law by way of an ordinance are aimed at providing an efficient alternative resolution framework for MSMEs

Zeus Numerix: This MSME is working to make warships invisible to radar

Pune-based Zeus Numerix's software simulation earlier helped integrate BrahMos missile with Sukhoi-30MKI

Transition to non-voice to boost ITeS players' margins: Crisil SME Tracker

SMEs have been gradually adopting robotic process automation technologies such as chatbots, to transition from pure voice services to non-voice-based ones

Corporate affairs ministry facilitates tracking down of payments to MSMEs

From the next month, companies are required to disclose trade payables according to their ageing - less than one year, 1-2 years, 2-3 years, and more than three years - in their financial statements

Limited e-invoicing window a worry for small and medium companies

The e-invoicing system was first made mandatory for entities with a turnover of Rs 500 crore and above and later extended to businesses with Rs 100 crore or more on January 1

Covid-19 pandemic and risk-aversion halt SME juggernaut in FY21

Only 12 of 25 firms to go for listing are in the green

Star SME: How Alkyl Amines Chemicals is tapping local, global demand

Large capacities and efficient use of capital have been key to Alkyl Amines Chemicals' profitable growth

Special insolvency relief framework for Covid-hit MSMEs in the works

Such firms may be allowed to opt for pre-packaged deal

Fuelled by exports, leather units to turn the corner: CRISIL SME Tracker

Leather exports plummeted in the first quarter, following lockdowns and restrictions in importing nations.

Commerce ministry should remove impossible conditions in SEZ rules: Expert

The Commerce Ministry should amend the Rule 34 suitably and also the Rules 46(12) and 46(13), as the procurement certificate has been replaced with the intimation prescribed under Rule 5 of Customs

Small loans, big stakes: Why MSMEs are banking on fintech lenders

Speed and flexibility to cater to a wider segment of small borrowers are tilting market in their favour

Factory reset: Okhla MSMEs limp back, garment units still ailing

Export logistics are troubling many industries. While some are facing container shortages, others are looking at increased freight costs in key markets

Receipt of exports from third party must be declared upfront: Expert

We exported certain goods last year and received full payment. The buyer rejected a part of the consignment

Seafood industry to recover in FY22 on strong demand: CRISIL SME Tracker

Domestic appetite for seafood waned as the pandemic-induced lockdown weakened demand from hotels, restaurants and cafes

Actual freight and insurance should be declared on shipping bills: Expert

Any mis-declaration of freight paid or payable which results in loss of revenue by way of excess drawback payment, is liable to be proceeded against under the Customs Act

Restricted launches will hurt EPC real estate players: CRISIL SME Tracker

Competition from large players, exposure to business cycles, and high working-capital intensity are key risks in the EPC segment

RoDTEP rates not decided, MEIS for exports may continue till end-March 2021

Any registered user under GST who wishes to generate IRN needs to register on e-invoice system using his GSTIN

After initial hit, health-care units likely to recover: CRISIL SME Tracker

With the working capital cycle stretched, financially weaker hospitals may have to resort to short-term loans to stay afloat.

AEO benefits continue even after switching operations to MOOWR: Expert

Operating under Section 65 of Customs Act, 1962 has no effect on AEO status

Banks can consider extending time limit for settling import dues: Expert

Weekly advice on managing small businesses. This time SME chatroom talks about a RBI directive on import of goods and services.