Msme

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E-commerce has a key role to play in tackling India's greatest concern: Lack of jobs
Business

E-commerce has a key role to play in tackling India's greatest concern: Lack of jobs

E-commerce is providing opportunities to a new generation of digital entrepreneurs, who have been forced to start their own businesses following job losses.

Centre revises MSMEs guidelines, to include retail and wholesale trade under sector; key points
Business

Centre revises MSMEs guidelines, to include retail and wholesale trade under sector; key points

Minister of Micro, Small and Medium Enterprise and Road Transport and Highways Nitin Gadkari said that the revised guidelines will benefit 2.5 crore retail and wholesale traders

MSME Udyam Portal: Check steps to register small businesses on cost-free platform here
Business

MSME Udyam Portal: Check steps to register small businesses on cost-free platform here

MSME Udyam Portal: Check steps to register small businesses on cost-free platform here

Why reliable electricity is key to revitalise pandemic-hit MSMEs and boost Indian economy
India

Why reliable electricity is key to revitalise pandemic-hit MSMEs and boost Indian economy

As the MSME sector accounts for around 30 percent of India’s GDP, the provision of clean and uninterrupted electricity will provide a huge fillip to micro-entrepreneurs in rural areas

Nitin Gadkari launches Indian Bank's 'MSME Prerana' programme in Maharashtra; check details here
India

Nitin Gadkari launches Indian Bank's 'MSME Prerana' programme in Maharashtra; check details here

MSME Prerana program has been launched with an objective to develop the financial and managerial capabilities of the MSME entrepreneurs, apart from creating awareness on government initiatives

International MSMEs Day 2021: All you need to know about day that marks recognition of small businesses
India

International MSMEs Day 2021: All you need to know about day that marks recognition of small businesses

The UN resolution passed in April 2017 stressed the importance of encouraging formalisation of MSME segment that accounts for over 90% of all firms globally, around 70% of total employment

80% of India's informal workers lost jobs during COVID lockdown, 63% survived on two meals a day, shows data
India

80% of India's informal workers lost jobs during COVID lockdown, 63% survived on two meals a day, shows data

Government needs to take action regarding job security, social security benefits, food security, health benefits, and safety in the informal sector in such a way that it not only manages the current crisis, but also immunises the sector from future shocks

Union Budget 2021: US business advocacy group urges Nirmala Sitharaman to lower tariff to compete with RCEP
World

Union Budget 2021: US business advocacy group urges Nirmala Sitharaman to lower tariff to compete with RCEP

India had walked out of the RCEP, a 14-member group led by China, as negotiations failed to address New Delhi's outstanding issues and concerns

Amazon needs to level the playing field and ensure fair competition
Business

Amazon needs to level the playing field and ensure fair competition

The authorities must make Amazon clear the air on the systems it has put in place to ensure that its online marketplace benefits all sellers equally and does not restrict choices available to customers.

Atmanirbhar Bharat need of the hour, every Indian entrepreneur will battle challenges with fresh spirit: KV Kamath tells Network18
India

Atmanirbhar Bharat need of the hour, every Indian entrepreneur will battle challenges with fresh spirit: KV Kamath tells Network18

India is a land of opportunities and so there is going to be no shortage of things to do which is unlike several other countries, veteran banker KV Kamath tells Network18, Group Editor-in-Chief, Rahul Joshi in an exclusive interview.

Bosch Q4 net profit down 80% at Rs 81 cr; says results in line with downward trend in automotive industry
Business

Bosch Q4 net profit down 80% at Rs 81 cr; says results in line with downward trend in automotive industry

During the quarter, Bosch made an incremental provision of Rs 297 crore as part of an overall provision of Rs 717 crore towards various restructuring, reskilling and redeployment initiatives for 2019-20.

COVID-19 Impact: Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal, says India Ratings
Business

COVID-19 Impact: Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal, says India Ratings

While bad loans from the corporate sector may rise by Rs 3.4 lakh crore, for non-corporate segments it may increase by Rs 2.1 lakh crore in FY21, India Ratings and Research said in the report

Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs
Business

Govt notifies changes in rules disallowing global tender for procurement up to Rs 200 cr; move to benefit MSMEs

The government has notified amendments to General Financial Rules (GFR) to ensure that goods and services valued less than Rs 200 crore are being procured from domestic firms, a move which will benefit MSMEs

Coronavirus Lockdown: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate
Business

Coronavirus Lockdown: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate

The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector hit hard by the coronavirus crisis

Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: Nitin Gadkari
Business

Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: Nitin Gadkari

Days after changing the definition of MSMEs, the government has decided to further revise the criteria for medium units by enhancing the investment and turnover limits to up to Rs 50 crore and Rs 200 crore respectively, Union Minister Nitin Gadkari said on Tuesday

Fiscal deficit likely to be more than double to 7.9% in FY21 due to govt's Rs 20-lakh cr stimulus package: Report
Business

Fiscal deficit likely to be more than double to 7.9% in FY21 due to govt's Rs 20-lakh cr stimulus package: Report

With the government's Rs 20 lakh crore stimulus package, the country's fiscal deficit is likely to be more than double to 7.9 percent in the current financial year, according to an SBI research report

UN economic experts hail India's 'impressive' stimulus package to revive economy hit by coronavirus
Business

UN economic experts hail India's 'impressive' stimulus package to revive economy hit by coronavirus

Top UN economic experts have hailed as “impressive” the Rs 20 lakh crore stimulus package, the largest so far among developing countries, announced by India to revive the country's economy, which has been severely hit by the coronavirus-triggered lockdown

Stimulus package: Govt's liquidity boosting steps to safeguard businesses, jobs, say retailers
Business

Stimulus package: Govt's liquidity boosting steps to safeguard businesses, jobs, say retailers

Retailers on Wednesday said measures announced by Finance Minister Nirmala Sitharaman will bring back liquidity with businesses and provide a boost to the economy

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs
Business

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs

The various initiatives announced by the government on Wednesday to support micro, small and medium enterprises (MSMEs) will encourage banks to lend more to the sector, bankers said

Union minister Nitin Gadkari claims coronavirus not natural and came 'from a laboratory': Report
India

Union minister Nitin Gadkari claims coronavirus not natural and came 'from a laboratory': Report

Nitin Gadkari was speaking in the aftermath of Finance Minister Nirmala Sitharman's announcements for small businesses.