Thursday, 27 January, 2022
TopicMSME

Topic: MSME

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.

Rajya Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill amid protest by opposition

After a brief debate by few members, the bill was passed with voice vote after which Rajya Sabha was adjourned for the day due to opposition's uproar over Pegasus among other issues.

PM Modi hails inclusion of retail & wholesale trade under MSME as ‘landmark step’

Taking to Twitter, the prime minister underlined his govt's commitment to empowering traders and said this move will help crores of traders get easier finance.

Indian family budgets are stretched, they’re borrowing more. Faster vaccination can fix this

RBI data shows a sharp increase in households borrowing against gold. Other indicators also show higher borrowing. More credit is fine, but vaccination needs priority.

Good start by RBI. Now, banks need to step up & do their bit to help Covid-hit economy

RBI’s relief steps are centred on small borrowers and entities in unorganised sector. Credit needs of the healthcare sector are addressed too. Implementation now holds the key.

What RBI measures mean for vaccine makers, hospitals, individuals and MSMEs

A Rs 50,000-crore window for healthcare sector, loan repayment relief for individuals and small firms, and a relief from updating KYC are some of the measures announced.

On Camera

YourTurn

Imran Khan, chairman of Pakistan Tehreek-e-Insaf, in Lahore | Asad Zaidi/Bloomberg

Imran Khan is losing the plot. Someone’s chair is about to be pulled again

There is ‘tamasha’ going on in Pakistan. And Imran Khan is having a visible meltdown, while Nawaz Sharif is bemoaning a dead leopard.
Representational image | Photo: Pixabay

India’s economic indicators flash early warning signs for rebound

While the needle on a dial measuring the so-called ‘Animal Spirits’ remained stable, top producers signaled weakness as 2021 wound down.

Defence

The photo of former PM Indira Gandhi with the three former service chiefs | Photo: Wikimedia Commons

‘Mystery’ brochure on 1971 War crops Indira Gandhi, Jagjivan Ram from images, courts controversy

Both images show the then service chiefs, but the former PM and defence minister is removed from them.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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