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Shreeja Singh

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Challenges confronting the boom in India’s initial public offerings

BUSINESS

Challenges confronting the boom in India’s initial public offerings

Capital markets have been an insignificant source of funding for the micro, medium and small enterprise (MSME) sector. The onset of the COVID-19 pandemic and a capital crunch faced by these companies are bringing about a change.

Explained: Why GST on textiles, apparel is being changed; industry’s concerns

BUSINESS

Explained: Why GST on textiles, apparel is being changed; industry’s concerns

With the GST rate set to be harmonised across the textile chain, the move will impact manufacturers and consumers, coming on the back of the pandemic and higher raw material costs

MSMEs fear harassment, misuse of power by officials under new GST regime

BUSINESS

MSMEs fear harassment, misuse of power by officials under new GST regime

The rules were amended to empower GST officials to initiate recovery proceedings against businesses without providing a show-cause notice for any mismatches in forms GSTR-1 and GSTR-3B.

Bad loans in Mudra scheme double as Covid19 hits MSMEs

BUSINESS

Bad loans in Mudra scheme double as Covid19 hits MSMEs

The NPAs of small businesses against loans taken under PMMY, better known as the Mudra scheme, stood at Rs 34,090.34 crore in FY21, against Rs 17,712.63 crore in FY19.

Budget 2022 : CIA bats for GST exemption, reclassification of NPA norms for MSMEs

BUSINESS

Budget 2022 : CIA bats for GST exemption, reclassification of NPA norms for MSMEs

While the recovery continues from two Covid shocks, the small business sector has also been severely hit due to the increased freight rates, high costs of raw materials and coal shortage.

Budget 2022 : Assocham seeks review of FTA terms, increase in custom duty to support fruit based value chain

BUSINESS

Budget 2022 : Assocham seeks review of FTA terms, increase in custom duty to support fruit based value chain

Assocham has sought reviewing the terms of the Free Trade Agreements (FTAs) and enhancement of the custom duties on import of fruit/vegetable pulps and concentrates to provide support to the Indian fruit based value chain.

Budget 2022: MSMEs seeks amendment in IBC, restoration of interest-subvention scheme

BUSINESS

Budget 2022: MSMEs seeks amendment in IBC, restoration of interest-subvention scheme

Industry body FISME says MSMEs have been categorised as operational creditors, who rarely get their dues after the bankruptcy process.

Severity of Covid19 disruptions on MSMEs understated

BUSINESS

Severity of Covid19 disruptions on MSMEs understated

The government is understating the severity of the impact of COVID-19 on small businesses and underreporting the proportion of units that have shut down, representatives of these businesses have said.

MSME exports drop for two years in a row, exporters positive on outlook

BUSINESS

MSME exports drop for two years in a row, exporters positive on outlook

Small businesses were hit even before the pandemic struck due to the global slowdown. While MSME exporters are optimistic about this year, the new variant of the Covid-19 virus has them worried.

MSME body AICA calls for closure of industries on Dec 20 to protest raw material price hikes

BUSINESS

MSME body AICA calls for closure of industries on Dec 20 to protest raw material price hikes

Raw material price increases go unchecked and are a matter of grave concern as they are affecting the production and working capitals of the MSMEs, said the industry body.

High input cost of steel forces MSMEs to sell at loss

BUSINESS

High input cost of steel forces MSMEs to sell at loss

The steep hike in input costs is visible in the Wholesale Price Index (WPI)-based inflation, which scaled to a record 12-year high of 14.23 percent in November pushed by high prices of fuel, metals, food products and mineral oils.

Why is there no Samadhaan for delayed payment to MSMEs?

BUSINESS

Why is there no Samadhaan for delayed payment to MSMEs?

According to the MSME Samadhaan portal, a portal to monitor delayed payments to MSME units, an estimated 97,359 cases involving a sum of Rs 25,553 crore have been filed by small businesses over delayed payments since its inception in October 2017.

COVID-hit small businesses worried about impact of possible third wave

BUSINESS

COVID-hit small businesses worried about impact of possible third wave

Uncertainty about the latest variant of the coronavirus has small businesses worried about lockdowns and the impact on their ability to compete in the export market and repay loans.

Small businesses welcome plans for UPI-like digital platform for MSME lending

BUSINESS

Small businesses welcome plans for UPI-like digital platform for MSME lending

MSMEs face a huge credit gap—the World Bank pegs this at a collective $380 billion—even though they are entitled to bank finance under priority sector lending norms.

EPFO wage subsidy scheme created 39.59 lakh jobs: MoS Labour & Employment

BUSINESS

EPFO wage subsidy scheme created 39.59 lakh jobs: MoS Labour & Employment

The Atmanirbhar Bharat Rozgar Yojana is aimed at encouraging firms to hire more and improving social security for job holders

Cases of delayed payments to MSEs reach 26,893 in 3 years, Narayan Rane tells House

SECTOR

Cases of delayed payments to MSEs reach 26,893 in 3 years, Narayan Rane tells House

The MSME minister noted that from FY20, some 6,159 cases have been disposed by MSEFCs, involving an amount of Rs 2,905.15 crore

Q2 GDP data | Private consumption, government spending rise sharply

BUSINESS

Q2 GDP data | Private consumption, government spending rise sharply

Private Final Consumption Expenditure (PFCE), which is a significant component of overall GDP numbers, rose by 8.61 percent as compared to Q2 FY21, and came in at Rs. 19.48 lakh crore.

National Employment policy may have sector-specific job targets: Sources

BUSINESS

National Employment policy may have sector-specific job targets: Sources

The sector-wise strategy is aimed at improving the potential of job creation by drawing investments to employment-intensive sectors, policy interventions and attracting new industries by creating an enabling environment.

Government to link e-Shram with Unnati job portal for blue, grey collar workforce: Sources

BUSINESS

Government to link e-Shram with Unnati job portal for blue, grey collar workforce: Sources

According to the official, Unnati would be accessible to both employers and prospective employees for work involving physical labour. It serves as a platform for workers to be visible and for employers to hire the people of their choice.

GST hike on textile, footwear to negatively impact working capital of MSMEs: Experts

BUSINESS

GST hike on textile, footwear to negatively impact working capital of MSMEs: Experts

The Finance Ministry on November 18 notified a 7 percent increase in GST applicable on finished products such as apparel, textiles and footwear from 5 percent to 12 percent, effective January 2022.

MSME associations welcome the launch of tech upgradation scheme

BUSINESS

MSME associations welcome the launch of tech upgradation scheme

One of the pressing issues that is impeding the growth of MSMEs in India is the lack of modern technology and equipment, thus making the small businesses unattractive in the export market, say industry officials and trade bodies.

Ministries of Agriculture, Commerce, Skill Development may be part of NEP panel

BUSINESS

Ministries of Agriculture, Commerce, Skill Development may be part of NEP panel

The committee will also include representatives of the labour ministry and other ministries and academia besides notable people from industry.

EPFO Board to meet today: Key things to watch out for

BUSINESS

EPFO Board to meet today: Key things to watch out for

The board may discuss widening its investment option, an increase in minimum pension and the interest rate to be offered for this financial year.

Farm laws fiasco: Much ado about nothing or a lost opportunity?

ECONOMY

Farm laws fiasco: Much ado about nothing or a lost opportunity?

Farmer unions might press for statutory guarantee of remunerative prices for all agricultural produce and for all cultivators.

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