Thoughts on MSME Day
Bikky Khosla | 28 Jun, 2022 |
| The Indian Micro, Small and Medium Enterprise (MSME) sector contributes in a big way to the country’s economy – around 30 percent to GDP, 49 percent to exports and 36 percent to manufacturing |
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Trade deficit
Bikky Khosla | 21 Jun, 2022 |
| Exports of merchandise goods and services grew over 24 percent Y-o-Y to $62.21 billion in May, as per official data released last week. Merchandise exports stood at $38.94 billion against $32.30 billion |
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RBI rate hike
Bikky Khosla | 13 Jun, 2022 |
| With inflation showing no sign of taming down, the Reserve Bank of India (RBI) last week increased the policy repo rate by 50 basis points with immediate effect. |
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GDP data
Bikky Khosla | 06 Jun, 2022 |
| The National Statistical Office last week came out with the provisional Gross Domestic Product (GDP) data for 2021-22, along with growth data for the January-March quarter of the financial year. |
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RBI annual report
Bikky Khosla | 30 May, 2022 |
| The Reserve Bank of India (RBI) last week released its Annual Report for the year 2021-22, in which the central bank sheds light on several key economic issues, including global economic risks, domestic growth prospects and challenges facing the Indian |
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Wheat exports ban
Bikky Khosla | 23 May, 2022 |
| The Central government recently placed a ban on wheat exports with immediate effect. On support of the move, it said the decision was taken in the background of less than estimated domestic wheat production and an excessive global price hike, driven by Russia-Ukraine war. |
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Services exports
Bikky Khosla | 17 May, 2022 |
| Services exports in April performed well to reach $27.60 bn, which is an increase of nearly 53% over April 2021. This data is encouraging. |
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Fight against inflation kicks off
Bikky Khosla | 09 May, 2022 |
| In an off-cycle meeting, the Reserve Bank of India (RBI) last week hiked the repo rate by 40 basis points (bps) to 4.40 percent with immediate effect. The central bank is facing an uphill task in containing the current inflation |
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Revamped ZED scheme for MSMEs
Bikky Khosla | 03 May, 2022 |
| The MSME ministry last week launched a revamped Zero Defect, Zero Effect (ZED) scheme. The erstwhile ZED scheme was launched in October 2016, with an objective to boost MSMEs’ competitiveness |
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FTA prospects
Bikky Khosla | 26 Apr, 2022 |
| During his two-day visit to India last week, the British Prime Minister said that India and the UK may complete a Free Trade Agreement (FTA) by Diwali in October. |
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MSME credit card
Bikky Khosla | 19 Apr, 2022 |
| A parliamentary committee recently pitched for providing credit cards to MSME entrepreneurs on the lines of Kisan credit cards |
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Record-high exports
Bikky Khosla | 05 Apr, 2022 |
| India achieved an all-time high annual merchandise exports of $417.81 billion in FY 2021-22, an increase of 43.18% over $291.81 billion |
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GeM, a glittering journey
Bikky Khosla | 29 Mar, 2022 |
| The Government e-Marketplace (GeM) was launched on August 9, 2016 with an aim to transform the way in which procurement of goods and services is done by the government ministries |
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Rupee dilemma
Bikky Khosla | 22 Mar, 2022 |
| The Rupee has shed almost 3.5% against the US dollar this year. The currency has remained in a range of 75.50-77 level, since the start of the Russia-Ukraine conflict, and crude oil and commodity prices |
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Trade concerns over Russia-Ukraine conflict
Bikky Khosla | 01 Mar, 2022 |
| With the first round of negotiations coming to an end and the number of countries announcing new economic sanctions on Russia growing, the Russian invasion of Ukraine is posing a serious threat to global trade |
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RBI policy review
Bikky Khosla | 15 Feb, 2022 |
| The RBI last week retained the repo rate during the sixth and final monetary policy review of FY22. |
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Budget 2022: MSME measures
Bikky Khosla | 08 Feb, 2022 |
| The Union Budget, presented by the Finance Minister last week, focuses on three pillars: inclusive welfare, digital transformation and sustainability and leveraging private investments |
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Economic Survey: MSME highlights
Bikky Khosla | 01 Feb, 2022 |
| MSMEs contribute significantly to economic and social development by fostering entrepreneurship and by generating employment opportunities, mentions the Economic Survey 2021-22 tabled in the Parliament on |
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Startups look for a friendly Budget
Bikky Khosla | 25 Jan, 2022 |
| With Budget 2022 scheduled to be presented on February 1, Indian startups are hoping that the Finance Minister will announce a host of measures to help the sector come out of the uncertainties caused by the Covid-19 pandemic |
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ECLGS scheme
Bikky Khosla | 11 Jan, 2022 |
| The Emergency Credit Line Guarantee Scheme has saved almost 13.5 lakh MSMEs worth Rs 1.8 lakh crore from slipping into NPA, according to a recent report |
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Exports at record high
Bikky Khosla | 03 Jan, 2022 |
| Merchandise export in December 2021 rose to $37.29 billion, the highest ever monthly achievement, which shows an increase of 37.0% over $27.22 billion in December 2020 and 37.55% |
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Archives:
2022 ( 26 )
2021 ( 52 )
2020 ( 52 )
2019 ( 52 )
2018 ( 53 )
2017 ( 53 )
2016 ( 51 )
2015 ( 53 )
2014 ( 360 )
Index
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 29 Jun, 2022 |
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| Daily Poll |
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| COVID-19 has directly affected your business |
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