About 76.31 lakh MSMEs face uncertainty as existing registration system ends

March 30, 2021 chandrakant_sir

SHREEJA SINGH | March 30, 2021 Since a new process of classification and registration of Micro, Small and Medium Enterprises started from July 1. 2020, 25.98 lakh MSMEs have registered on it as of March 30, 2021. Now, as the older process becomes invalid on March 31, some 76.31 lakh entities remain uncertain about their …

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Budget 2021 Expectations: MSMEs seek lower GST on professional services to benefit from each other

January 6, 2021 chandrakant_sir

By: Sandeep Soni Union Budget 2021 Expectations for MSMEs: The Central Board of Indirect Taxes and Customs had recently notified that enterprises with over Rs 50 lakh in monthly turnover will be levied at least 1 per cent of their GST liability in cash as it looked to address the issue of fake invoicing. Services …

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21st century belongs to SMEs: Doha Bank CEO

November 29, 2020 chandrakant_sir

Watch Recording of the Virtual Summit Dr Seetharaman recently participated in the Global SME Economic Summit webinar, which was jointly organised by SME Chamber of India and World SME Trade Centre on Strategies to Transform SMEs to Revive and Survive. Doha Bank CEO Dr R Seetharaman recently participated in the Global SME Economic Summit webinar, …

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21st century belongs to SMEs, says Seetharaman

November 29, 2020 chandrakant_sir

Watch Recording of the Virtual Summit Dr Seetharaman recently participated in the Global SME Economic Summit webinar, which was jointly organised by SME Chamber of India and World SME Trade Centre on Strategies to Transform SMEs to Revive and Survive. Doha Bank CEO Dr R Seetharaman recently participated in the Global SME Economic Summit webinar, …

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Webinar highlights COVID-19 impact on Saudi-India economic relations

September 10, 2020 chandrakant_sir

The Indian Ambassador to the Kingdom Dr. Ausaf Sayeed spoke about the impact of the virus on both the economies and trade relations between the two countries JEDDAH: The Indian Embassy in Riyadh held a webinar on the Impact of COVID-19 on the Bilateral Economic Relations of India and Saudi Arabia on Wednesday, 9th September 2020 …

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MSMEs fear bank harassment, appeal to RBI for easing of credit rules

August 27, 2020 chandrakant_sir

Key Highlights MSMEs demand extension of moratorium on all loans till March 31, 2021 Indian Industries Association (IIA) claims government entities owe Rs 500 crore to its members Industry body IIA wants government officers to be accountable for delays Payment cycle of receivables has also gone up adding to their woes. Peeved over lacklustre response …

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Rs 3 lakh crore ECLGS: Over half of targeted number of MSMEs benefitted; 35% amount disbursed so far

August 25, 2020 chandrakant_sir

Credit and Finance for MSMEs: 12 public sector banks, 24 private sector banks, and 31 non-banking financial companies have collectively disbursed 35.3 per cent of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) as of August 24, 2020, according to the government data. Lenders have disbursed Rs 1,05,926 crore as of August …

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Government boosters have failed to lift sick MSMEs amid lockdown: Associations

August 24, 2020 chandrakant_sir

NEW DELHI: Government schemes aimed at reviving the MSMEs hit by the double whammy of slowdown and corona-induced lockdown have done little to lift the sector, according to MSME associations. Nearly 20-30 per cent of the workforce employed in over 6 crore micro, small and medium enterprises in the country has been rendered jobless in …

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Qatar and India have common synergies to enhance trade, investment relations: Envoy

August 13, 2020 chandrakant_sir

Santhosh V. Perumal Doha’s embargo-led efforts to self-sustain the economy and New Delhi’s initiatives as ‘Atmanirbhar Bharat Abhiyaan’ have common synergies to work together in enhancing the trade and investment relations between the two countries, according to Dr Deepak Mittal, India’s new envoy to Qatar. Recalling his meeting with His Highness the Amir Sheikh Tamim …

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India can help set up huge food reserve facility in Qatar: Ex-minister

August 13, 2020 chandrakant_sir

Satyendra Pathak | Doha India and Qatar can join hands to set up huge food reserve facility in Doha to meet the growing need for food in the Gulf region, Suresh Prabhu, India’s Sherpa to the G20 and former union minister, said on Wednesday. Addressing global audience during a webinar organised by Doha Bank, Prabhu …

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