-The Indian Express Viable companies, with good credit history, are able to raise funds, but the most needy among the MSMEs are facing a double whammy: slump in demand and lack of finance. Banks have started disbursing funds to Micro, Small and Medium Enterprises under the 100% Emergency Credit Line Guarantee Scheme announced by Finance Minister Nirmala Sitharaman last month but for many firms, hit hard by the pandemic lockdown, credit is...

-Business Standard Trade unions slam decision, employers welcome it, saying it was absolutely necessary especially in absence of grants from govt to industry for wage payment  In what may come as a major relief to businesses, the Union government has withdrawn its order directing employers to pay wages to workers, even with units remaining shut during lockdown. On Sunday, the Ministry of Home Affairs (MHA) had issued a fresh set of guidelines which...

-The Indian Express Last week, a number of state governments made key changes in the application of labour laws. What are the labour laws in the country, and how can such changes impact firms, their workers, and the economy? As the economy struggles with the lockdown and thousands of firms and workers stare at an uncertain future, some state governments last week decided to make significant changes in the application of labour...

-NDTV/ PTI In response to a RTI query, the RBI released the names of top 50 with the highest amount of loans written off New Delhi: Business tycoons Mehul Choksi, the Jhunjhunwala brothers, and Vijay Mallya are among the prominent individuals linked to companies named by the Reserve Bank of India (RBI) in a list of the top 50 wilful defaulters accused of scamming the country's banks. In a Right to Information or...

-The Telegraph/ PTI Order issued to exclude non-essential items from cart The Centre on Sunday barred e-commerce firms from selling non-essential items during the lockdown, reversing its own four-day-old order that allowed online platforms to sell mobile phones, refrigerators and readymade garments. The dismay of the e-commerce companies and the jubilation among domestic traders, considered a traditional vote bank of the ruling BJP, suggested politics has forced the Narendra Modi government to take...