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Wednesday, March 27, 2024
TopicMSME

Topic: MSME

RBI imposes ₹1.31 crore penalty on Tamilnad Mercantile Bank for non-compliance

The RBI has clarified that the penalty is not intended to pronounce upon the validity of any transactions or agreements that the bank has entered into with its customers.

Indian pharma firms now liable to recall defective drugs as Modi govt notifies new norms

Under revised good manufacturing practices (GMP) norms, pharma companies will be required to assume onus for quality of drugs to ensure they do not place patients at risk.

MSMEs make up 90% of world’s companies. But many remain digitally unconnected

The UN Broadband Commission’s Advocacy Target 6 focuses on improving the connectivity of MSMEs by 50% by 2025.

SubscriberWrites: A Trade policy with no provisions for trade financing

Despite talks about leveraging the digital, the foreign trade policy has failed to mention how this emphasis on technology can address the financial shortcomings that plague the MSME sector.

RBI makes it easier for micro enterprises to register themselves, claim govt benefits

Govt had told central bank that several micro enterprises were having trouble registering themselves due to lack of paperwork. RBI has now eased requirements for them.

How Sitharaman has done a big favour to MSMEs. It was long due

Hundreds of thousands of MSMEs across the country are suddenly going to see their payments coming in faster and at least before 31 March.

Focus on rupee trade, e-commerce exports: Key highlights of Foreign Trade Policy 2023

New FTP expects e-commerce exports to grow up to $200-300 billion by 2030. It also proposes reduced licence fees for MSMEs, provisions for merchanting trade & more.

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.

On Camera

I’m not happy defending Kangana Ranaut but I will—then I’ll move to fighting her on real things

Sometimes, taking the moral high ground absolutely sucks, especially when we are required to side with those we profoundly disagree with.

Why Tamil Nadu’s women make up nearly half of India’s female factory workforce

With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.

Taiwan reports Chinese military activity around the island

Taiwan has detected a total of 301 Chinese military aircraft and 165 Chinese naval vessels so far in 2024.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.