Page 4 - Sme Companies
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
 "CBDT to share depreciation, turnover info of small firms with MSME ministry")
Small- and mid-sized business bankruptcies may triple, warns IMF
A staff analysis of 17 countries suggests that bankruptcies for the firms could surge to 12 per cent, from 4 per cent before the pandemic, the IMF said in a report on Thursday.
 "Small- and mid-sized business bankruptcies may triple, warns IMF")
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 govt does not take immediate fiscal steps, MSMEs will die: Pronab Sen")
Pharma SMEs will overcome short-term disruptions: CRISIL SME Tracker
Short-term disruptions include high input costs and various operational challenges.
 "Pharma SMEs will overcome short-term disruptions: CRISIL SME Tracker")
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
 "Payment of advance does not create lien over supplier's assets: Expert")
Widen MSME scheme ambit: Private lenders to FM Nirmala Sitharaman
Govt likely to issue clarification to add more borrowers under ECLGS
 "Widen MSME scheme ambit: Private lenders to FM Nirmala Sitharaman")
70% of MSMEs intend to reduce headcount to save businesses: AIMO survey
The survey's result, the second part of the survey series conducted by AIMO amongst the corporates, MSMEs, self employed persons and others, was based on the responses from 46,525 participants.
 "70% of MSMEs intend to reduce headcount to save businesses: AIMO survey")
India's retail and SME loans to deteriorate as well, says Moody's
Moody's Investors Service has said that policymaking institutions face increasing challenges from lower growth, weaker fiscal conditions and rising financial sector stress.
 "India's retail and SME loans to deteriorate as well, says Moody's")
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.
 "MSMEs are shutting down, it's criminal to not give cash support, says Rahul")
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
 "A silent Surat: No orders, dormant looms and no diamond polishing")
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
 "Lockdown 4.0: Not looking for dole, need better policies, say Meerut MSMEs")
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
 "Labour pains: Thane's MSMEs operating at 10-15% capacity amid lockdown")
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
 "Supply chain blocks, lack of labour push MSMEs in Chennai to the brink")
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
 "Covid-19 crisis: 80% MSMEs in Sonipat hub await their turn to open")
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
 "Aatmanirbhar Bharat offers MSMEs short-term respite: Crisil SME Tracker")
Bank of Baroda to advance Rs 12,000 crore to MSMEs under govt scheme
Under the scheme, the government will offer 100 per cent guarantee on loans.
 "Bank of Baroda to advance Rs 12,000 crore to MSMEs under govt scheme")
MSMEs to get loans at 9.25% under Centre's Rs 3-trillion package
100 per cent guarantee coverage will be provided by National Credit Guarantee Trustee Company (NCGTC) for additional funding of up to Rs 3 trillion to eligible MSMEs and interested MUDRA borrowers
 "MSMEs to get loans at 9.25% under Centre's Rs 3-trillion package")
Post-import expenses excluded for determining Customs value: Expert
The charges for erection and training will not be included in the assessable value of the imported goods
 "Post-import expenses excluded for determining Customs value: Expert")
MSME sector's bad loan ratio at 12.5% as of January, shows report
NPA level of public sector banks has increased from 18 per cent in December 2018 to 19 per cent in December 2019
 "MSME sector's bad loan ratio at 12.5% as of January, shows report")
Payment must be made against accepted bill of exchange: Expert
It is the obligation of the original importer to remit the payment to the foreign supplier
