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MSMES IN FOREX
Cross-border trade in local currencies reduces transaction costs: RBI deputy governorLocal currencies will increasingly drive cross-border trade and payments, reducing costs and improving efficiency. Technology will be lever...
Audi India plans six new car launches in 18 months to revive sales, double luxury market shareAudi India is gearing up for a major rollout, unveiling six new models within the next eighteen months. Targeting a twofold increase in lux...
EbixCash World Money's perpetual RBI licence brings trade and family remittances within reach of millionsUnder RBI's revised FEMA framework, EbixCash World Money can now move trade payments up to ₹25 lakh and family maintenance remittances, ope...
MSME Bill introduced, looks to speed up paymentsA key provision of the Bill is to strengthen the framework for addressing delayed payments, a long-standing challenge for micro and small e...
Bank credit growth to ease as corporates tap bond markets, overseas funding: CareEdgeBank credit growth is expected to moderate gradually in the upcoming fiscal year. Large corporations will increasingly use domestic bond ma...
RBI nudges banks to offer better forex rates to retail customersThe Reserve Bank of India is pushing banks to offer better foreign exchange rates for individuals and small businesses. A new platform allo...
Strong balance sheets help India Inc absorb West Asia fallout: CrisilA stress test by Crisil Ratings covering 34 sectors that account for 65% of its rated corporate debt suggests that India Inc remains broadl...
Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
To bring the world, sell India better: The $200 million fix India needs to unlock a tourism windfallIndia's tourism sector faces challenges due to a near-zero overseas marketing budget. This has kept international arrivals below pre-pandem...
RBI's inflation forecast signals 1-2 rate hikes in coming months: ExpertsExperts anticipate one to two rate hikes in the coming months following the RBI's increased inflation forecast, despite keeping the policy ...
'She forgot fourth F - falling private investment': Congress' dig at Sitharaman's '3Fs' callThe Congress party has responded to Finance Minister Nirmala Sitharaman's focus on fuel, fertiliser, and forex. Party leader Jairam Ramesh ...
FM asks lenders to go beyond standard loans, design credit repayments around biz cyclesFinance Minister Nirmala Sitharaman has called on banks to move beyond standard loan products. She emphasized the need for repayment struct...
India in better position to manage retail inflation, RBI must hold rates: ASSOCHAMIndia is well-positioned to handle retail inflation, according to ASSOCHAM. The industry lobby recommends the Reserve Bank of India maintai...
We estimate 60% contribution from MSME lending verticals alone: Godrej Capital’s Manish ShahIn an effort to streamline operations and minimise the credit gap for the MSME sector, Godrej Capital is betting bigger on its business sol...
How to step-up handling of forex-related issues faced by exportersConstant fluctuations in foreign currencies remain one of the biggest issues in cross-border trade. The good news is that there are tools t...
How Myforexeye helps MSMEs from facing up to 80-90% loss in forex transactionsMyforexeye enables companies to check real-time forex rates and transact from their mobile phones, with full information on bank commission...
Tracing the trajectory of the evolving MSME sector: Here’s what they need from a reliable financial partnerHow MSME's can tide over their financial woes and emerge as multinationals of the future.
Budget 2019: Make Companies Act simpler, exempt MSMEs from some provisions: PHDCCIMSMEs operating in the Tier-II and III cities require a push in terms of digital penetration and technology adoption, since it plays a pivo...
How MSMEs can benefit through the Forex marketCareful planning and forward contracts can reduce the loss of profits in times of economic instability, and catapult forex into the most pr...
How MSMEs can get the most out of exports and imports through ForexLack of awareness and constant fluctuations in the currency values are main roadblocks in a successful overseas business operation. Proper ...