MSME loan losses will rise sharply if economy takes time to revive: Amitabh Chaudhry

Nitin Gadkari, the minister for MSME and road transport and highways, also called upon the retailers to start exploring option of home delivery.

Besides rental waivers on select plans for micro, small and medium enterprises, the telcos will help manage their bandwidth needs and offer customised digital tools to boost their web presence.

The family of the helmsman of the Titanic, whose final resting place was a mystery for decades, have now marked his grave with a headstone in Aberdeen.

The plan, which has been in the works for months, is likely to be part of the stimulus package, that is expected to be announced shortly.

It further said that although 2020 is a lost year, in terms of trade, India can think long-term and build relations so that it can occupy the space vacated by China.

He said the position of MSMEs was "worst" as they were now engaged in a "battle for their survival".

velocityconf: RT @suzaxtell: #WomeninTech You're invited to a women's meetup on Tues May 28 in SF w/ @courtneynash @mjawili, more http://t.co/MsMZ0IK8L2

This fund of funds may make downstream investments in venture capital and alternative investment funds that will, in turn, invest in MSMEs with AAA or AA-rated ratings.

Speaking at an Assocham webinar, the minister said the fund will be used to clear dues owed to small businesses by state-run entities as well as industries.

Trade, import and export for MSMEs: For India to benefit from the relocation of factories and companies from China, the MSME sector is likely to play a key role. This is particularly for food product manufacturing sector where India lacks competitiveness in exports.

The minister also noted that the pendency of dues owed to MSME units by the central government, state governments, public sector undertakings and major industries was "very high".

Credit and Finance for MSMEs: Nitin Gadkari said that the government has made some decisions to help MSMEs grow in the post-Covid scenario such as increasing their working capital limit by 20 per cent.

The minister emphasized that special focus towards export enhancement is the need of the hour. He highlighted the need to focus on import substitution to replace imports with domestic production.

According to the current definition, a micro unit is one where the investment does not exceed Rs 25 lakh, while a small enterprise is one where the investment is between Rs 25 lakh and Rs 5 crore.

After even mainstream outlets objected to a deceptively edited video of VP Mike Pence, comedian Jimmy Kimmel issued a sarcastic apology suggesting that lying about the Trump administration is fine because they don’t “value truth.”
Read Full Article at RT.com

The government is considering a raft of relief measures, including setting up a Rs one lakh crore fund to expedite clearances of dues owed to MSMEs, guarantee on the enhanced limit of loans (up to 20%) and a mechanism to help them pay salaries to their employees.

The RBI had earlier extended the deadline for one-time debt restructuring of MSMEs from March 31, 2020, to December 31, 2020.

The state-owned bank launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March, soon after the lockdown was announced.

By OBINNA EZUGWU Armed with 27 years experience in tax management and advisory, Nigeria’s new tax man, the Executive Chairman of Federal Inland Revenue Service (FIRS), Muhammad Nami has shown promise in the face of heavy odds. Appointed to replace Babatunde Fowler who took office in August 2015 by President Muhammadu Buhari on December 9, […]

The post Muhammad Nami: Hope rising for FIRS new helmsman appeared first on Hallmarknews.

Bergstrom Nutrition, manufacturer of OptiMSM®, a branded form of methylsulfonylmethane (MSM), recently published an article detailing how the small intestine absorbs MSM, particularly in relation to sulfur.

Bayer MSMS “Say TkU” Campaign

What is MSME(Udyog Aadhaar) and its benefits

A cluster-based approach to lending is likely to be the best strategy for optimal results in the shortest possible time to accelerate credit flow to the MSME sector

Jakarta, 1-2 June 2016: This seminar addressed the importance of financial literacy and financial education for empowering micro, small and medium-sized enterprises (MSMEs).

While the contribution of MSMEs to national economies is widely recognised, their financial education needs are not always being met and low levels of financial literacy pose a potential barrier to successful business creation and growth. Covering 21 economies, this stocktaking report identifies the main policy challenges and good practices.

This document contains a high-level, outcome-based, internationally relevant, core competencies framework on financial literacy for micro, small and medium-sized enterprises (MSMEs) and potential entrepreneurs. It highlights a range of outcomes that may be important to sustain or improve their financial literacy.

The MSM TOP 30 decreased 515 points or 12.88% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Oman. Historically, the Oman Stock Market (MSM 30) reached an all time high of 12164.54 in June of 2008. The MSM 30 Index is a major stock market index which tracks the performance of 30 most profitable companies traded in the Muscat Securities Market. It is a capitalization-weighted index. The MSM 30 Index has a base value of OMR1000 as of June 1, 1990.

The 24-year-old guitarist, who is engaged to model Crystal Leigh, told Fitzy & Wippa at the G'Day USA gala in Los Angeles on Saturday that he'd asked the 5SOS boys to be his groomsmen

He proposed to his model girlfriend Crystal Leigh in July 2019.

Abolition of FIPB to ease flow of FDI is a good move which will speed up the process

Centre denies selling NTC land in Mumbai; units to be allied sector of textile industry

Mr Nitin Gadkari, Minister of Road Transport and Highways and MSME, Govt of India said that government is likely to announce a relief package for the MSME sector soon. He further said that all stakeholders must adopt an integrated approach to come over the crisis while ensuring the lives and livelihood of the people. Mr Gadkari also urged the industry to have a positive attitude during this time to tide over this crisis. "We will win the fight against corona along with the economic crisis and make India the superpower nation. Hum honge kamyab," said Mr Gadkari.

IIT Kharagpur Director V K Tewari has said central institutes like the IITs and NITs have a major role to help the micro, medium and small enterprises (MSME) by guiding them to manufacture personal protective equipment, parts of diagnostic kits and other products required in the Covid-19 era. Tewari advocated creating mobile apps for the MSMEs, hit hard by the novel coronavirus triggered lockdown, to provide them with training by the institutes. "For instance, if we provide them (MSME units) with designs of gloves, masks meeting certain guidelines, they can come up with products in 3-4 months. Similarly, these enterprises can be roped in for making parts of diagnostic kits and PCR machines... after required training," he said. Delivering an address on Facebook Live on the page of Akhil Bharatiya Vidyarthi Parishads (ABVP) West Bengal unit on Friday, the IIT-KGP director suggested that such units may also be asked to produce PPE. "We have to know what the MSMEs want, what .

सुप्रीम कोर्ट ने MSME सेक्टर के एक एसोसिएशन की याचिका को खारिज कर दिया है, जिसमें गृह मंत्रालय के आदेशनुसार वर्कर्स को लॉकडाउन के दौरान फुल पेमेंट करना है. एसोसिएशन का कहना है कि सेल्स नहीं होने की वजह से उनके पास पेमेंट के लिए पैसे नहीं है.

सरकारी क्षेत्र के एक बैंक ने जानकारी दी है कि बीते एक माह में MSME सेक्टर को 2,300 हजार करोड़ रुपये इमरजेंसी लाइन ऑफ क्रेडिट के जरिए जारी किया है. कोरोना वायरस महामारी (Coronavirus Pandemic) से इस सेक्टर पर बुरा असर पड़ा है.

The 'MSME Bank of Ideas, Innovation and Research' portal was launched via video-conference. Registered users on the portal can share ideas, innovation and research, which will be reviewed by the officer concerned.

The state government has also decided to provide working capital loans to MSMEs at lower interest rates. A fund to the tune of Rs 200 crore would be created to lend loans between Rs 2-10 lakh.

Since the first lockdown extension, Crane Owners Association of India, which has over 150 members, have written twice to MSME Minister Nitin Gadkari and once to Finance Minister Nirmala Sitharaman, seeking their help.

It further said that although 2020 is a lost year, in terms of trade, India can think long-term and build relations so that it can occupy the space vacated by China.

The minister also noted that the pendency of dues owed to MSME units by the central government, state governments, public sector undertakings and major industries was "very high".

Many MSMEs and corporates have also availed the three-month moratorium offered by banks as per the Reserve Bank of India

In a letter to Modi, Gandhi also made some suggestions for the revival of the Micro, Small and Medium Enterprises (MSME), which is reeling under the adverse impact of the coronavirus lockdown.

To support the estimated 63 million MSMEs which have been battered by the pandemic, CII has suggested a credit protection scheme for MSMEs whereby 60-70% of the loan should be guaranteed by the government, i.e. if the borrower defaults, government should

To support the estimated 63 million MSMEs which have been battered by the pandemic, CII has suggested a credit protection scheme for MSMEs whereby 60-70% of the loan should be guaranteed by the government, i.e. if the borrower defaults, government should

அடுத்த மாதம் மத்திய நிதி அமைச்சர் அருண் ஜெட்லி தன் பாஜகவின் ஐந்து ஆண்டு கால அரசின் கடைசி மற்றும் இடைக்கால பட்ஜெட்டை தாக்கல் செய்யவிருக்கிறார். பொதுவாக இது போன்ற இடைகால பட்ஜெட்டுகள் எந்த ஒரு பெரிய கொள்கை மாற்றங்களையும் அறிவிக்காது, அறிவிக்கவும் முடியாது. இந்த இடைகால பட்ஜெட்டில் msme-க்களுக்கு என்ன கிடைக்கும்.

அடுத்த மாதம் மத்திய நிதி அமைச்சர் அருண் ஜெட்லி இடைக்கால பட்ஜெட்டை தாக்கல் செய்யவிருக்கிறார். பொதுவாக இது போன்ற இடைகால பட்ஜெட்டுகள் எந்த ஒரு பெரிய கொள்கை மாற்றங்களையும் அறிவிக்காது, அறிவிக்கவும் முடியாது. இதுவரை எந்த ஒரு நிதி அமைச்சரும் தங்களுடைய இடைகால பட்ஜெட்டில் பெரிய கொள்கை முடிவுகளையோ... பெரிய திட்டங்களையோ அறிவித்தது இல்லை.

CMSMTDP

MSMEs