Smes
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Coronavirus crisis: Bad bank debts could double by end of fiscal year, around 25% outstanding loans face risk of default
•A fresh surge in bad debt could hit credit growth and delay recovery from the coronavirus pandemic.
Business plan contest to encourage startups, SMEs during coronavirus enforced lockdown
•The aim of the Bigleap 2020 online business plan contest is to promote startups and new ideas
Amazon India launches a special fund to help small and medium business partners in logistics
Fp Staff •Amazon Partner Support Fund follows the recent announcement of the global $25 million Amazon Relief Fund (ARF) in India.
Govt brushes off officers' proposal for wealth, coronavirus tax on super rich; terms IRS report 'irresponsible'
Fp Staff •The suggestions are part of a paper titled 'Force', which stands for 'Fiscal Options & Response to the COVID-19 Epidemic', submitted by the Indian Revenue Service (IRS) Association to CBDT (Central Board of Direct Taxes) Chairman P C Mody,
Coronavirus Outbreak: IMF supports India's 'proactive' decision of nationwide lockdown despite economic slowdown
•"India entered the pandemic turmoil in the midst of a credit crunch-induced slowdown and its recovery prospect becomes more uncertain," Chang Yong Rhee, the Director of the IMF's Asia and Pacific Department,
Markets close trading session in red: Sensex slumps 674 points, Nifty drops below 8,100-mark; banking stocks tumble
Fp Staff •The stock markets continued their journey southward and ended the session in red down by 2 percent dragged mainly by selling pressure in BFSI stocks
Pepper raises Rs 2 cr from Snapdeal Founders’ Titan Capital, other investors; startup plans to expand team in Mumbai
Fp Staff •Pepper is looking to expand its team in Mumbai and focus on product and its technology platform that will enable content creation ‘on-demand’.
Coronavirus Outbreak: India needs stimulus plan or it risks crippling small businesses, say industry bodies
•India’s small and mid-sized enterprises (SMEs) will struggle for survival if the government does not follow international counterparts in offering financial support to those acutely impacted by the coronavirus outbreak, industry bodies said
Remove tags to get more women into workforce, policy changes needed: Tata Sons Chairman N Chandrasekaran
•There are lots of 'tags' in India such as 'women cannot do this (kind of jobs); this is only for men,' and all of them have to be removed, he said.
Budget 2020: Has Finance Minister Nirmala Sitharaman set an unrealistic disinvestment target?
Madan •There are measures announced in the Budget which help to facilitate business, especially SMEs which is useful