-TheLeaflet.in Explaining the predicament of Micro, Small and Medium Enterprises (MSMEs) when opting for payment claims under the MSME Development Act, 2006, VIVEK SHARMA writes about why, in practice, the statutory compound interest enshrined in the law is rarely executed, and offers suggestions to bolster the law and secure the interests of MSMEs in this regard. MICRO, Small and Medium Enterprises (MSMEs) play a significant role in India’s GDP and export story....
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Covid-19 Surge: Will India Witness A Second Exodus Of Migrant Labourers? -Lola Nayar
-Outlook India If talks of lockdown turn into reality and if it gets implemented for a month or more, then a reverse migration of daily wage labourers can be expected from impacted cities, say experts Mixed signals from some of the states like Delhi, Maharashtra, Karnataka among others is giving rise to concern that a repeat of last year’s exodus of migrant labourers during the extended lockdown would once again impact operations...
More »Govt aims to increase MSME contribution to 40% of GDP: Nitin Gadkari -Jahnavi Nidumolu
-Livemint.com * The Union minister said that industries in village and Khadi generate as much as Rs.88,000 crore on an annual basis * So that the rural poor are benefited, he said the government's aim is to increase the contribution of the MSME sector to 40% from 30%, stating that there are 6.5 crore units Nitin Gadkari, Union Minister for Micro,Small & Medium Enterprises (MSME) and Road Transport & Highways, has suggested to...
More »68% start-ups, MSMEs didn't benefit from Centre's COVID-19 schemes, claims survey -Joe C Mathew
-BusinessToday.in Funding remains major problem for startups and MSMEs, survey reveals; around 28 per cent listed raising funds or loans as top challenges in 2021, while another 25 per cent were worried about finding growth A clutch of MSME (Micro, Small & Medium Enterprises) and startup schemes of the Centre, which were meant to help them tide over Covid-19 crisis may not have helped, an online poll by community social media platform...
More »Most Enterprises Worldwide Lack Cash Flow During Pandemic: ILO
-Newsclick.in A majority of enterprises surveyed said they were finding it difficult to manage staff and operations, the ILO report says. New Delhi: As the COVID-19 pandemic disrupts several economies worldwide, particularly India’s, a new report by the International Labour Organisation (ILO) says that the greatest challenge faced by businesses across the globe has been keeping up cash flow to manage operations and staff, tide over supplier disruptions and gaining access to...
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