Page 32 - Msmes

IBC ordinance allows prepack for MSMEs, eases resolution with minimum pain

Ordinance is designed to ensure quicker, cost-effective and value maximising outcomes for all stakeholders in a manner that least disrupts their businesses and preserves jobs too

Govt amends insolvency law; introduces pre-packaged resolution for MSMEs

Seeking to provide a quicker and value-maximising outcome for stressed MSMEs, the government has introduced a pre-packaged resolution process for such enterprises by amending the insolvency law.

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

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

90% start-ups, SMEs unwilling to continue remote working post Covid: Report

On the other hand, 67% large Indian corporates want their employees back in the office, says a report by employment website Indeed India

Udyam certificate provides access to cheaper credit: Check details here

If you don't have GSTIN, wait till further clarity on whether the same is mandatory for registration

Gadkari inaugurates technology centres in Andhra, MP to boost MSME sector

He also inaugurated three extension centres of big technological centres and seven mobile Udyam Express

Top headlines: India entry into global bond indices put off, SMS rules held

With the suspension of the IBCcoming to an end, the government is preparing a special relief framework for medium and small enterprises that are still grappling with the pandemic crisis

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

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

Govt to increase budget for MSMEs next year: Odisha CM Naveen Patnaik

Patnaik said that the funds for the Micro, Small and Medium Enterprises (MSME) department will be substantially increased by the state government in the next state budget

Extend PLI scheme to all MSMEs amid Covid-19 pandemic, says NITI Aayog

The recently announced PLI scheme for the telecom sector extended the incentives to MSMEs.

Finance ministry cracks the whip on insurance companies for ignoring MSMEs

Reluctant insurers have failed to offer the cover especially curated by the ministry following the UK Sinha panel's recommendations

NSE, SIDBI sign MoU to test feasibility of debt capital platform for MSMEs

The entities signed a memorandum of understanding (MoU) for co-operation in various ongoing micro, small and medium enterprises (MSMEs)-related initiatives of the two institutions

PM Narendra Modi urges banks to lend to start-ups and MSMEs amid Covid-19

Calls for effective participation of public sector in banking and insurance

Gadkari urges MSMEs to avail concessional finance and install rooftop solar

Union minister Nitin Gadkari on Friday invited MSMEs to avail concessional debt finance to install rooftop solar for business efficiency. The Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways said rooftop solar offers an excellent value proposition to MSMEs by significantly bringing down cost of electricity consumption, which on an average, is up to one-fifth of their operations cost. Addressing a programme virtually, Gadkari said, "I believe there is a strong business case for MSMEs to install rooftop solar and achieve significant savings to achieve the cost-competitiveness. I am confident that MSMEs will stand together in generating and consuming solar power using their rooftops." The minister observed that a large amount (average Rs 8 and higher per unit) is being paid by the MSMEs for power consumption, which contributes to up to one-fifth of the overall production costs. "To assist MSMEs in implementing rooftop solar projects, the ministry

Centre announces Rs 15,000 crore PLI for pharma, IT hardware sectors

Pharma scheme aims at Rs 3 trillion incremental sales, 100,000 jobs; experts say hardware scheme to help India become electronics manufacturing hub for the world

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

Indian Bank, IISc-run society join hands to fund start-ups and MSME

Society for Innovation and Development (SID) will identify start-ups and MSMEs based on their credentials and refer the list of such members that require financial assistance to the bank

Factory reset: Surat's textile hub weaves a revival story amid Covid-19

Severely affected by the pandemic, the businesses have made a spectacular comeback