Monday, 3 October, 2022
TopicMSME

Topic: MSME

Bank credit has bounced back, but rising interest rates & inflation can be new hurdles

Despite rising interest rates, bank credit growth rose to a nine-year-high last month. While credit to MSMEs has shown consistent double-digit growth, it’s large industries that have really helped.  

SubscriberWrites: Incentives, whether long or short term, can be lucrative for Indian business to grow

The appropriateness of the incentive amount should be left to those in charge of those managing and governing the business, writes Jyoti Lahiri.

How GST is killing small businesses with inspector raj and suffocating compliance

GST was supposed to create a unified market. The opposite is happening with small businesses being harassed with invoice and payments.

IIT-KGP is now attempting to prove that ancient India inspired Pythagoras’ theorem & MSMEs

Prof. Joy Sen, head of IKS centre, says his claim is based on ancient Indian texts, research is not about 'BJP or RSS', but about ‘righting history of human knowledge’.

India is finally willing to grow manufacturing at home with customs exemptions of Budget 2022

FM Sitharaman announced in the Budget speech the withdrawal of customs exemption on over 350 tariff items. Know why it's good news.

MSME sector requires hand-holding, Budget measures needed: AU Small Finance Bank MD & CEO

The sector has faced continued distress since the Covid-19 pandemic struck in March 2020. Govt data says about 9% of MSMEs shut down due to the pandemic.

India must revisit its 2011 Competition Policy draft. EU, Australia, and Japan are ahead

A holistic National Competition Policy has the potential to aid efforts in removing entry barriers restricting the participation of MSMEs.

Shutdowns, debts, layoffs: Bengal tanners pushed to the edge say 3rd Covid wave will finish us

Bengal tanners say industry has incurred massive losses, and they have been left to grapple with ‘cancelled orders’, disruption in the supply chain and growing debt as they struggle to stay afloat.

India’s MSME sector largest after China’s. But no one is talking about its role in emissions

Adopting bold measures to transition to clean energy by India’s small businesses would enable them to compete in the global market.

‘Process is punishment, govt loves paper’: MSMEs call out unease of doing business in India

Entrepreneurs on social media have been listing pain points of sustaining businesses in India, noting the many compliances and how digitisation hasn't made processes particularly easy.

On Camera

YourTurn

Illustration by Prajna Ghosh | ThePrint

Over 38% inmates in Indian jails are OBCs, 10% increase in a decade, study finds

Religious minorities, specifically Muslims and Sikhs, have been overrepresented among prison inmates for years now, but there have been some shifts in the last decade, NCRB data shows.
A man counts Indian currency notes inside a shop in Mumbai, India | Reuters/Francis Mascarenhas

RBI tells state refiners to reduce dollar buying in spot market, contain sharp fall in rupee

RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.

Defence

Naval Group & IIT Goa signing agreement to extend partnership on 28 September | Twitter @navalgroup

France’s Naval Group, IIT Goa extend R&D deal for underwater surveillance, submarine imaging

Agreement will act as catalyst for improving analysis of data collected by underwater sensors through application of neural systems & AI.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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