Calls for economic package for distressed sectors continue
Employers and employees equally contribute 12 per cent of wage towards a worker's provident fund account maintained with the Employees' Provident Fund Organisation (EPFO).
The finance minister also announced a slew of measures to provide cushion to companies on compliances.
Over 22% of the over 75 Million MSME's units in India will be shut if the lockdown in cities extends beyond 4 weeks and a staggering 43% will shut shop if the panic extends beyond 8 weeks
Asks MSMEs to ramp up production of masks and hand sanitisers
The minister announced that the government will revamp the Khadi and Village Industries Commission (KVIC) within three months and make it more export-oriented.
The latest round takes total equity raised by the start-up to $100 million
The World Health Organisation has declared Covid-19 a pandemic, as more than 114 countries have reported cases of the affliction. This has material implications for the global economy
A firm with a grievance should not rush to the high court when there is an efficacious remedy under the Micro, Small and Medium Enterprises Development Act.
The benefit would be available to MSME loans that were in default but "standard" as on January 1, 2019
"How long can you blame the previous managers?" asked Chidambaram in his speech
Extends restructuring window for MSME loans, DCCO of project loans for commercial realtors
Markets to open for regular trading on February 1
The Essel Finance has a secured loan book of around Rs 145 crore comprising 1,100 customers, employs 40 and present in 10 cities, a statement from Adani Capital said
Conserve cash and maintain a steady cash flow to survive this economic slowdown
The Centre envisions a contribution of Rs 2 lakh crore from micro, small and medium enterprises (MSMEs) as India eyes becoming a USD 5 trillion economy by 2024
Under the Prime Minister's Employment Generation Programme (PMEGP), 65,312 new micro-enterprises have been set up, the MSME Ministry said in its year-end review for 2019
Contract to be signed in next few weeks; deals with Alibaba, Flipkart are also in the pipeline
The ministry of micro, small and medium enterprises (MSME) has begun an investigation into why placements through the portal have not picked up, sources said
Apart from this, the regulatory and legislative measures taken by the government in the past few years have propelled growth in low-cost housing loans