Banks cannot slip in extra charges beyond KFS: RBI
Applies to all new retail and MSME term loans sanctioned from October 1 onwards.
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Budget: Capex thrust should continue to be global mfg power: Ficci
Ficci states Gross fixed capital formation reported an increase by 10.3% in 2023-24.
States On ‘Trillion Dollar’ Mission
Top five states set their own targets to contribute to India’s ambitious economic growth plan.
MSMEs get a cash flow boost from the Budget
Income-Tax amendment to force big buyers to pay small suppliers entire dues in time
43% MSMEs won't reach pre-Covid margins this fiscal: Crisil
Crude prices have risen significantly this fiscal, averaging $104 per barrel between April and October compared with $61 per barrel pre-pandemic.
Over one-fourth MSMEs lost more than 3% market share in FY22: Crisil
Half of the MSMEs suffered a contraction in their EBITDA margins because of a sharp rise in commodity prices last fiscal.
Cabinet approves ₹6,062.45 crore for MSME scheme
The new scheme for micro small and medium enterprises would commence in the financial year 2022-23.
Why credit alone isn’t enough to address MSME woes
Very few — just 11% of MSME units — are registered with the Centre and ECLGS credit has reached only 15% of all units, thus leaving out 85% of units.
Budget 2022: Govt mulls cut in steel import duty as relief to MSMEs
Experts, however, say that the government will need to do a balancing act as the move may hurt domestic manufacturers.
MSME Budget Wish: Ration shops to source raw materials
Consortium also wants state, central governments to offer a preferential price that is 25% higher than the lowest quote for all micro enterprises in government tenders
