Page 7 - SME

CBDT to share depreciation, turnover info of small firms with MSME ministry

The Central Board of Direct Taxes has signed a memorandum of understanding in this regard with the Ministry of Micro, Small and Medium Enterprises

If govt does not take immediate fiscal steps, MSMEs will die: Pronab Sen

Sen said that while the lockdown had created supply side shocks, these had transformed into demand side issues now when the lockdown was being lifted.

If the imported goods found defective can be re-exported, says expert

The specific provision under the Customs Act, 1962 is Section 26A that allows refund of import duty if the imported goods are found defective

Pharma SMEs will overcome short-term disruptions: CRISIL SME Tracker

Short-term disruptions include high input costs and various operational challenges.

Payment of advance does not create lien over supplier's assets: Expert

Your rights arise only from the contract between you and the supplier, say expert

PSBs lead in disbursing loans to MSMEs under credit guarantee scheme

The bulk of the disbursed amount -about two-third- was contributed by public sector banks.

Mixed spread ahead for packaged-foods SMEs: CRISIL SME Tracker

The extended lockdown to stem the spread of the Covid-19 pandemic has disrupted supply chains and hampered factory operations.

Banking system is in a Catch-22 situation: Indian Bank's Padmaja Chunduru

Indian Bank has 450,000 MSME customers who are eligible for loans guaranteed by the government.

Widen MSME scheme ambit: Private lenders to FM Nirmala Sitharaman

Govt likely to issue clarification to add more borrowers under ECLGS

Adjudication must be completed in prescribed time limit, says expert

If adjudication is not completed within the prescribed time limits, it will be deemed that no SCN was issued, say expert

Home furnishing units will recover faster than garments: CRISIL SME Tracker

While demand for the home furnishings segment (SME share is 70-80 per cent of Rs 700 billion) is expected to decline as well, we expect the segment to pick up sooner than garments

MSMEs are shutting down, it's criminal to not give cash support, says Rahul

"11 crore Indians are employed by MSMEs. 1/3rd of them are closing down permanently. It's criminal for GOI not to give them cash support immediately," he said on Twitter.

Showing declared value on 'Bill of Lading' not mandatory, says expert

Rule 3 of the Rules Relating to the Bill of Lading (BL) set out in the Schedule to the Carriage of Goods by Sea Act, 1925, does not mandate that the value of the goods should be mentioned in the bill

A silent Surat: No orders, dormant looms and no diamond polishing

The final part of the series looks at how industries are waiting for demand to bounce back

Lockdown 4.0: Not looking for dole, need better policies, say Meerut MSMEs

The fourth of a five-part series looks at the situation in the industrial heartland of Western UP where firms prefer GST refunds, supportive policies over handouts

Labour pains: Thane's MSMEs operating at 10-15% capacity amid lockdown

The third of a five-part series looks at how lack of manpower and cash flow issues have put small units in dire straits despite govt announcing a Rs 3-trn package

Supply chain blocks, lack of labour push MSMEs in Chennai to the brink

The second of a five-part series focuses on how the lockdown has compounded the woes of already-struggling firms

Covid-19 crisis: 80% MSMEs in Sonipat hub await their turn to open

The first of a five-part series captures the restlessness of workers in Haryana's industrial clusters struggling to restart operations

Aatmanirbhar Bharat offers MSMEs short-term respite: Crisil SME Tracker

3.5 trn Atmanirbhar Bharat package for SMEs can increase credit to MSMEs by 18-19% which can address the short-term liquidity crunch. Here's a closer look at the measures announced, and their impact

What steps did the govt take to prevent MSMEs from defaulting on loans?

Two important steps have been taken in this regard by the govt