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MSME DEFINITION
Pvt sector reposing faith in economy, capex cycle showing signs of revival: Punjab National Bank CMD Ashok ChandraPrivate sector investment is reviving. Companies are borrowing more for expansion and infrastructure. Punjab National Bank (PNB) sanctioned...
No Santa for exporters this Christmas: Iran war disrupts supply chains, stretches transit times to 60 days, threatens marginsIndian exporters say longer shipping routes, rising input costs, and delayed payment cycles are squeezing margins and putting pressure on d...
Govt's credit guarantee to reduce MSME bad loan risks for banksThe government's Emergency Credit Line Guarantee Scheme 5.0 is set to bolster micro, small, and medium enterprises. Experts believe this in...
Deloitte India could lead professional services space soon: Romal ShettyDeloitte India’s leadership believes that the future of professional services will extend beyond traditional offerings to solutions, platfo...
EAC-PM calls for changes in priority sector lending to enhance efficiency; greater flexibility to banksAn Economic Advisory Council to the Prime Minister paper has proposed shifting priority sector lending focus from economic efficiency to so...
ICICI Bank’s sharp drop in provisions signals strength; HDFC Bank treads carefully amid growth concerns: Dnyanada VaidyaICICI Bank surprised with a significant drop in provisioning, signaling improved asset quality and a strong recovery pipeline. In contrast,...
India eyes 20 more countries for open market access in next big trade betIndia is negotiating with twenty additional nations for market access and trade expansion. Union Minister Piyush Goyal stated these talks b...
Japan's MUFG Bank acquires 20 pc stake for Rs 39,618 cr in Shriram FinanceJapan's MUFG Bank has acquired a 20% stake in Shriram Finance Ltd (SFL) for Rs 39,618 crore, marking the largest cross-border investment in...
As India's MSME sector matures, IDBI Bank's Sumit Phakka says the lending framework must keep paceIndia's small businesses are now driving economic growth. New government budgets are boosting MSME financing and support. Digital tools are...
Complex rules a hurdle for MSMEs, says Gauba Panel; Gives 38-pt agendaA high-level committee has proposed 38 reforms for India's MSME sector, environmental rules, FSSAI, and BIS. Key proposals include simplify...
New definition eases MSMEs’ concerns about losing incentives upon exceeding size limits: OfficialThe fundamentals of the MSME sector should be revisited every five years, with a focus on measures that can truly unlock their potential, s...
‘Why is medium a part of MSME definition?’: As inflation pushes small firms to medium, incentives run drySome small firms recently crossed over to the medium category as their turnover increased due to high input costs and inflationary pressure...
Finance Minister announces revised MSME definitions; no difference between manufacturing and service enterprisesAn MSME with an investment limit of Rs 10 cr and a turnover of less than Rs 50 cr will be called a small unit.
99% businesses in India now in MSME categoryThe numbers have come as a surprise to policymakers as the definition was finalized before looking at them in detail.
Govt to further revise criteria for classifying 'medium' enterprises under MSME definition: GadkariThe minister said he was also open to considering suggestions regarding enhancing the turnover limit to up to Rs 250 crore for medium enter...
With a low 'turnover' threshold, Government's new MSME definition sows confusionThe dual eligibility criteria of investment and turnover in govt's new MSME definition has led to confusion.
Government keen to revise MSME definitionThe government is keen to revise the definition of MSMEs to ensure that they are able to keep pace with the changing business environment, ...