Page 45 - Msmes

Fintech committee recommends new legal framework for consumer protection

The Steering Committee on fintech-related issues has also suggested cash flow-based financing for micro, small and medium enterprises

Cotton spinners bleed on falling realisation, several MSMEs shut shop

Pressure exacerbated by increasing labour costs, interest on working capital, land, plant and machinery

UP govt to tap World Bank arm IFC for easy capital flow to MSME sector

IFC country head likely to visit Lucknow soon to hold further talks

Gadkari's mega plan for small biz: Record 100,000 new MSMEs this fiscal

Ministry also targets 66% rise in credit, setting up of 400 clusters and Rs 50,000 cr in procurement from sector

Industry backs govt's move to have a single definition for small businesses

However, they are opposing the decision to base definition only on annual turnover

MSMEs to get pending GST refunds within 30 days: Nirmala Sitharaman

Banks will also have to return all documents within 15 days of a loan closure, helping borrowers whose mortgaged assets are tied up

All pending GST refunds to MSMEs will be made in 30 days: FM Sitharaman

Also, in future, all GST refunds of micro, small and medium enterprises (MSMEs) will be paid within 60 days from the date of application, the FM announced

GSP withdrawal: Plastic exporters explore new markets to keep ball rolling

Eye huge markets in CIS nations, Africa and Latin America, where Indian exports have a negligible presence

Govt plans debt waiver for small distressed borrowers under insolvency law

Corporate Affairs Secretary Injeti Srinivas estimates the waiver will cost Rs 10,000 crore annually.

Govt to review CSR criminal penal provisions: FM Nirmala Sitharaman

Less than 1% of large corporates pays corporation tax at 30%, with the rest at 25%

Housing finance companies get Rs 10,000-crore liquidity infusion

Finance Minister Nirmala Sitharaman will meet heads of state-owned and private banks on Monday to discuss the ongoing liquidity crisis in NBFCs

Yes Bank goes bullish on MSMEs; looks to prune turnaround time to one day

The bank is looking to disburse Rs 500 crore in the next one year through a newly-launched lending programme

Budget 2019 promises new pension scheme, highway revamp & more

She also noted that the government has allocated Rs 350 crore towards interest subvention for MSMEs for 2019-20

Flipkart plans to tap 50,000 MSMEs for expanding in small towns

Flipkart claims to have almost 100,000 MSMEs on the platform

Govt working on new credit scheme for MSMEs to encourage job creation

He said small and medium enterprises contribute 29 per cent of India's GDP and provide employment to 110 million people

RBI's panel on MSMEs bats for Rs 5,000-crore stressed asset fund

Committee also suggests doubling collateral-free loans to Rs 20 lakh

Relief for MSMEs

Plan to double collateral-free loans can, however, be a spoiler

UP government to mandate 25% procurement from local small businesses

UP is home to about 4 million MSMEs and the sector is the second largest employer after agriculture

MSMEs urge Naveen Patnaik to change status of allotted lands to freehold

The associations also requested chief minister to come out with a conversion policy for MSME of the state

MSEs are becoming more optimistic about their business prospects: Survey

Firms also appear to be optimistic about their prospects in Q4FY19