The Bill proposes to exempt MSMEs from certain approvals and inspections required for their establishment in the initial years.
Only 3 percent businesses found the reduction of EPF contribution for organisations -- from 12 percent to 10 percent -- to be useful.
Data seem to indicate that firms, especially large companies, seem to be drawing up to their limits and not repaying, thanks to the moratorium
Cut the regulatory cholesterol of complex laws and cumbersome paperwork — this will help small businesses focus their resources and energies towards efficiency and higher productivity
Solving the identity problem is necessary to enable a shift away from a survival mindset and towards a growth mindset
Gadkari said work is in progress on setting up of the MSME stock exchange, which is expected to address capital woes of the sector.
The need of the hour is clarity in policy communication by making it simple for the MSMEs, without leaving any room for subjectivity.
If buyers pay what they owe to small & medium units, there would hardly be any necessity for credit guarantee schemes for this sector
The reforms on land, labour, and law is still awaited which might be beneficial to drive overall investments in the economy and should have the highest multiplier effect albeit in the medium-term.
Finance Minister Nirmala Sitharaman in her May 13 media address had said the government and Central Public Sector Enterprises (CPSEs) would honour all MSME receivables within the next 45 days.
The sector wants to be included in the financial package announced by the government.
India has seen one of the largest reverse migrations back to the villages, and, the government must urgently redraw its development priorities to address this reality
The finance minister detailed the economic stimulus package under the Atmanirbhar Bharat Abhiyan.
In a letter to Modi, Gandhi also made some suggestions for the revival of the Micro, Small and Medium Enterprises (MSME), which is reeling under the adverse impact of the coronavirus lockdown.
Measures such as easy access to working capital and liquidity through banks and NBFC's, providing interest free and collateral free loans; introduction of an incentive for MSME's to help them pay salaries and wages to their employees in these times need to be considered by the government.
When compared to the government-backed rail transport or corporate-backed aviation sector, the trucking industry is at the forefront of the financial crisis unravelling due to COVID-19
It is crucial for business owners to prepare a survival kit for their businesses to cushion the impact of the economic slowdown.
The government has chosen to adopt a graded action plan, instead of a big bang one-off push to keep the lights on
India has a moral responsibility to ensure that necessary supplies of Personal Protection Equipment are available to the healthcare workers and all efforts are taken to provide best medical care if they fall ill.
"After consultations with FM, we will take necessary steps to restructure loans and enable better credit to MSMEs," said Gadkari.
Industry representatives from pharma, textiles, chemicals and other sectors took part in a meeting attended by FM.
A budget alone cannot restore growth or consumer confidence. The gaps have to be identified, budget announcements have to be implemented and supported by right polices, funds, schemes and programmes.
In this special episode on Budget 2020, Moneycontrol’s Deputy Executive Editor Gaurav Choudhury explains why the market was disappointed with the announcements made by the finance minister
A fee-based arrangement has been reporedly suggested during internal discussions.
The minister also said that the government is using technology and innovations to boost agricultural and tribal sectors through new technologies and innovations.