For MSMEs, GST is a concern that parties must address this election season thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
The stack of measures that the Reserve Bank of India announced on Wednesday to tackle a resurgent Covid-induced crisis has served to only whet the banking industry’s appetite for more.
On Wednesday, the central bank had announced a series of measures, including a term liquidity facility of Rs 50,000 crore to boost funding towards healthcare infrastructure and services and a one-time restructuring mechanism for borrowers such as individuals, small business and MSMEs who have an aggregate exposure of Rs 25 crore.
Experts feel that though it may alleviate some of the imminent stress, more measures may be needed to help some of the other segments that have been left out of the scope of the current relief measures.
Karnataka revenue hits high note in new financial year | Mangaluru News indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
A reality check on MSMEs, jobs, economy The business of speaking out when few others do Out of 7 crore entrepreneurs, MSMEs, 30 per cent are almost dead, K.E. Raghunathan tells Rahul Gandhi
An industrialist has uttered in public what Arnab Goswami would hear out in private but did not dare declare from his TV pulpit. “Out of 7 crore entrepreneurs, MSMEs (micro small and medium enterprises), 30 per cent are almost dead. What is 30 per cent? 2.1 crore…. That 2.1 crore give jobs for almost 20 crore people. They are not bothered,” K.E. Raghunathan told Rahul Gandhi at an interaction in Coimbatore, Tamil Nadu, on Saturday. “We are seeing only the balance 60 per cent and saying ‘greenshoots’. I am seeing shooting myself as an entrepreneur. How are we progressing?