Exports rebounding, but challenges remain
Bikky Khosla | 22 Sep, 2020 |
| Contracting for the sixth straight month, merchandise exports slumped by over 12 percent y-o-y in August. After registering 2.44 percent growth to $26.67 billion in February, exports plunged by over 34 percent in March (at $21.41 billion), |
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Small business confidence
Bikky Khosla | 14 Sep, 2020 |
| The Union Minister for MSMEs last week said that the government is committed to increase the contribution of the sector to GDP from about 30 percent to 50 percent and to exports from 49 percent to 60 percent. |
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Capping of MEIS benefits
Bikky Khosla | 08 Sep, 2020 |
| The Centre last week decided to cap the benefits under the Merchandise Exports from India Scheme (MEIS) at Rs 2 crore per exporter on outbound shipments made during September-December, 2020. |
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GDP shocker
Bikky Khosla | 01 Sep, 2020 |
| India's April to June quarter Gross Domestic Product (GDP) estimates have declined 23.9 percent, according to latest data released by the National Statistics Office (NSO). This extent of GDP contraction is sharp – probably the steepest on record |
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Big relief to stressed MSMEs
Bikky Khosla | 24 Aug, 2020 |
| The much-awaited Credit Guarantee Scheme for Subordinate Debt for MSMEs was launched last week. Amid the COVID-19 crisis, it was felt that the biggest challenge for stressed MSMEs was in getting capital |
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RBI push to MSMEs, start-ups
Bikky Khosla | 09 Aug, 2019 |
| Contrary to expectations, the RBI, in its Monetary Policy Committee meet last week, retained the repo rate -- or short-term lending rate for commercial banks at 4 percent. |
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One time loan restructuring
Bikky Khosla | 04 Aug, 2020 |
| Prime Minister Narendra Modi last week met stakeholders of banks and NBFCs and discussed issues relating to the economy, including those in the financial sector, particularly credit growth and risk aversion. He emphasised that the Government is firmly behind the banking system. |
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