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Last updated: 24 Dec, 2025  
 Editorials
msmes-hits-misses.jpg Indian MSMEs and 2025 – The Hits and Misses
Bikky Khosla | 24 Dec, 2025
As someone who closely associates with our MSMEs, I have spent this year monitoring developments that shaped the year for our small businesses. 
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delayed-payment.jpg Delayed Payments - Barrier To MSME Growth
Bikky Khosla | 28 Nov, 2025
A delayed payment is a roadblock that can disrupt production, halt procurement, affect logistics, and even delay salaries. In many cases, businesses are even forced to borrow at high interest rates just to stay afloat.  
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coo1.jpg New export rule marks shift to trust-based trade
Bikky Khosla | 30 Oct, 2025
The recent government’s decision to allow exporters to self-declare origin of goods (certificate of origin or CoO) under the India-EFTA free trade is a significant and genuinely progressive step towards “ease of doing business” for Indian exporters. 
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export-surge.jpeg India’s Export Surge and the MSME Paradox
Bikky Khosla | 09 Oct, 2025
Despite its geo-political upheaval, our export story is turning into one of reform and resilience. Between April and August 2025, exports rose 5.19% to USD 346.10 billion, even as global trade slowed. 
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indo-nepal.jpg Indo-Nepal trade: Let's Wait for the Dust to Settle
Bikky Khosla | 18 Sep, 2025
Last week, we all witnessed the political turmoil in Nepal. In just three years, South-Asia has witnessed three people-rising movements. In my view, political instability and overthrowing of elected governments can be pernicious for democracy and sets dangerous precedents. In Nepal, the change in the government is not merely a domestic issue, it is set to have some ramifications on the trade between neighbouring countries, majorly India, its closest trading partner.  
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gst-edit.jpg GST announcements - Not just Reforms, a Lifeline for MSMEs
Bikky Khosla | 04 Sep, 2025
I will not lie! But I was expecting something of this sort to be announced after Trump’s recent tariff bomb. But yesterday’s new GST slabs exceeded all my expectations. And it’s no surprise that as I write this editorial the equity market which opened sharply higher today are still faring in green. But then what does it mean to our MSMEs?  
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gst3.jpg GST Reform: A Lifeline for MSMEs
Bikky Khosla | 21 Aug, 2025
Days after the US announced the irrational 50 percent tariffs on imports from India, the government’s latest GST rationalisation exercise is without doubt a rare opportunity for our small businesses to breathe easier. They have long struggled with a tax regime that is complex, fragmented and capital-draining, and add to it the weight of Trump’s added tariffs. 
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tt3.jpeg Trump’s tariff tantrums have a silver lining!
Bikky Khosla | 07 Aug, 2025
Less than 24 hours of announcing 25% tariffs on India, Donald Trump announced an additional tariff of 25% on Indian imports to the US. 
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₹91.25
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UK Pound
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Euro
₹107.95
₹104.3
Japanese Yen ₹59 ₹57.1
As on 29 Dec, 2025
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