Page 13 - Msme Sector

Payment of advance does not create lien over supplier's assets: Expert

Your rights arise only from the contract between you and the supplier, say expert

SBI sanctions loans to over 400,000 MSMEs under credit guarantee scheme

On the occasion of International MSME Day, SBI managing director C S Shetty on Friday addressed MSME customers and employees across the nation video conference

Fair solution to rate transmission in the works: FM Nirmala Sitharaman

The finance minister told the industry it needed to introspect on how businesses are run and on Aatmanirbhar Bharat, for India to realise the full potential.

Airtel Payments Bank rolls out 'Suraksha salary account' for MSMEs

Through this innovative account construct, MSMEs and other organisations will be able to make cashless payments and also provide a financial security blanket to their employees," the bank said.

Downgrade of India's sovereign rating by Moody's not surprising: SBI report

India's sovereign rating was downgraded by Moody's to Baa3 with a negative outlook on the pretext of prolonged period of slower growth, rising debt and stress in financial system.

Mixed spread ahead for packaged-foods SMEs: CRISIL SME Tracker

The extended lockdown to stem the spread of the Covid-19 pandemic has disrupted supply chains and hampered factory operations.

We'd like to be seen as a full service new-age private bank: CSB Bank chief

In a Q&A, C V R Rajendran, MD & CEO, CSB Bank Ltd, dwells on how the lender turned around in FY20, after several years of losses

India's Covid-19 pandemic fiscal cost lowest among major nations: Report

Business Standard's own calculations suggest that the Centre's fiscal impact amounts to around Rs 2.28 trillion, or around 1.2 per cent of GDP.

Banking system is in a Catch-22 situation: Indian Bank's Padmaja Chunduru

Indian Bank has 450,000 MSME customers who are eligible for loans guaranteed by the government.

Widen MSME scheme ambit: Private lenders to FM Nirmala Sitharaman

Govt likely to issue clarification to add more borrowers under ECLGS

PSB loan disbursal picks up pace, rises to over Rs 29k cr: Finance Ministry

According to finance ministry data, loans have been disbursed to 3,75,087 accounts under ECLGS

Will consider corporation tax rate benefit extension: FM Sitharaman

Says GST rate reduction to go to Council; Council is likely to meet on Friday through video conferencing.

Private banks not implementing Rs 3 trn loan MSME scheme: RSS body to FM

Sitharaman had called Laghu Udyog Bharti general secretary Govind Lele to seek feedback on the implementation of Rs 3-trillion Emergency Credit Line Guarantee Scheme

Policies should be set keeping in mind everyone is in trouble, says Gadkari

By removing the export turnover, these units will export more and the country will benefit. This will also boost employment, Nitin Gadkari said

Vocal for local initiative is not xenophobic, says BJP's Sanju Verma

Big bang reforms have been the norm under Modi government, writes Sanju Verma

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.

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.

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

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

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.