Page 13 - Msme Sector
Blueprint for a more healthy economy
What we need is a map - an economic blueprint - that will address the need for domestic growth and put in place measures that will make India attractive for foreign investment.
 "Blueprint for a more healthy economy")
70% of MSMEs intend to reduce headcount to save businesses: AIMO survey
The survey's result, the second part of the survey series conducted by AIMO amongst the corporates, MSMEs, self employed persons and others, was based on the responses from 46,525 participants.
 "70% of MSMEs intend to reduce headcount to save businesses: AIMO survey")
New MSME definition to benefit downstream textiles, boost exports: experts
Several exporters can now be classified as MSMEs and avail 5% rebate under interest equalisation scheme
 "New MSME definition to benefit downstream textiles, boost exports: experts")
Urgent need to standardise rates in hospitals: ICICI Lombard MD & CEO
The reason we need standardisation is because it will smoothen the process for customers as there won't be any dispute with hospitals, says Bhargav Dasgupta, ICICI Lombard MD & CEO
 "Urgent need to standardise rates in hospitals: ICICI Lombard MD & CEO")
MSMEs are shutting down, it's criminal to not give cash support, says Rahul
"11 crore Indians are employed by MSMEs. 1/3rd of them are closing down permanently. It's criminal for GOI not to give them cash support immediately," he said on Twitter.
 "MSMEs are shutting down, it's criminal to not give cash support, says Rahul")
A silent Surat: No orders, dormant looms and no diamond polishing
The final part of the series looks at how industries are waiting for demand to bounce back
 "A silent Surat: No orders, dormant looms and no diamond polishing")
Lockdown 4.0: Not looking for dole, need better policies, say Meerut MSMEs
The fourth of a five-part series looks at the situation in the industrial heartland of Western UP where firms prefer GST refunds, supportive policies over handouts
 "Lockdown 4.0: Not looking for dole, need better policies, say Meerut MSMEs")
Rs 3-trn relief package for MSMEs to offer pre-approved loans, details out
The loan will be extended in the form of additional working capital term loan facility in case of banks and additional termloan facility in case of NBFCs to eligible MSMEs/ business enterprises
 "Rs 3-trn relief package for MSMEs to offer pre-approved loans, details out")
High risk aversion of most lenders is astounding, says Bajaj Finserv CMD
Instead of extending the moratorium by another three months, it would have been better to allow lenders to offer a one-time restructuring only to those who need it, says Sanjiv Bajaj
 "High risk aversion of most lenders is astounding, says Bajaj Finserv CMD")
Labour pains: Thane's MSMEs operating at 10-15% capacity amid lockdown
The third of a five-part series looks at how lack of manpower and cash flow issues have put small units in dire straits despite govt announcing a Rs 3-trn package
 "Labour pains: Thane's MSMEs operating at 10-15% capacity amid lockdown")
Supply chain blocks, lack of labour push MSMEs in Chennai to the brink
The second of a five-part series focuses on how the lockdown has compounded the woes of already-struggling firms
 "Supply chain blocks, lack of labour push MSMEs in Chennai to the brink")
Covid-19 crisis: 80% MSMEs in Sonipat hub await their turn to open
The first of a five-part series captures the restlessness of workers in Haryana's industrial clusters struggling to restart operations
 "Covid-19 crisis: 80% MSMEs in Sonipat hub await their turn to open")
Aatmanirbhar Bharat offers MSMEs short-term respite: Crisil SME Tracker
3.5 trn Atmanirbhar Bharat package for SMEs can increase credit to MSMEs by 18-19% which can address the short-term liquidity crunch. Here's a closer look at the measures announced, and their impact
 "Aatmanirbhar Bharat offers MSMEs short-term respite: Crisil SME Tracker")
Bank of Baroda to advance Rs 12,000 crore to MSMEs under govt scheme
Under the scheme, the government will offer 100 per cent guarantee on loans.
 "Bank of Baroda to advance Rs 12,000 crore to MSMEs under govt scheme")
FM announces Rs 3 trn collateral free automatic loans for small businesses
Now a company can be MSME if the turnover is up to Rs 100 crore. Distinction between manufacturing and services MSMEs will be removed, she said
 "FM announces Rs 3 trn collateral free automatic loans for small businesses")
Oppn accuses Centre of usurping states' powers, demands revised stimulus
The opposition demanded that the Centre "consult state governments while allowing international/domestic flights".
 "Oppn accuses Centre of usurping states' powers, demands revised stimulus")
Covid-19 crisis: Slippages may jump to Rs 5.5 trillion, says India Ratings
Credit costs could touch Rs 2.7 trillion
 "Covid-19 crisis: Slippages may jump to Rs 5.5 trillion, says India Ratings")
MP govt sends proposal for changes in labour law to Centre for approval
In a first-of-its kind proposal, the state govt said in a press statement that it had proposed making the Factories Act, 1948, applicable to units hiring at least 50 workers, instead of 10 and 20
What steps did the govt take to prevent MSMEs from defaulting on loans?
Two important steps have been taken in this regard by the govt
 "What steps did the govt take to prevent MSMEs from defaulting on loans?")
Resume operations, says FM Sitharaman; India Inc cites hurdles in way
Industry wants cash in the hands of the poor, more policy reform in sectors such as tourism, automotives and aviation
 "Resume operations, says FM Sitharaman; India Inc cites hurdles in way")