Startup ecosystem
Bikky Khosla | 28 Dec, 2021 |
| The 3rd Meeting of National Startup Advisory Council, held last week, discussed some important issues regarding the entrepreneurship ecosystem of the country |
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Health of MSME sector
Bikky Khosla | 21 Dec, 2021 |
| How has the pandemic impacted our MSMEs? The issue was raised last week on the floor of the Parliament, citing findings of a NSIC survey, according to which 91 percent of MSMES were functional and 9 percent of MSMES had closed down due to the impact of COVID-19. Interestingly, we raised this issue in August this year, stressing the urgency of extending a helping handing to the sector. |
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RBI status quo
Bikky Khosla | 13 Dec, 2021 |
| The Reserve Bank of India last week maintained status quo on its key lending rates along with the growth-oriented accommodative stance during the penultimate monetary policy review of FY22. |
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Omicron threat: Need a plan on exports
Bikky Khosla | 07 Dec, 2021 |
| Merchandise exports in November rose to $29.88 billion, higher by 26.49 per cent on a YoY basis, and 15.93 per cent higher than in November 2019. Although in the previous month of October |
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Inflation concerns
Bikky Khosla | 30 Nov, 2021 |
| Amid expectations of a healthy monsoon season along with pent-up demand, increased government spending, rise in service activities and improvement in mobility, it is expected that India’s GDP |
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MSME credit uptake
Bikky Khosla | 23 Nov, 2021 |
| Credit is the lifeblood of small business and when it comes to improve the credit scenario for Small, Medium and Small Enterprise (MSME) sector |
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Economy: A 'strengthening revival'
Bikky Khosla | 16 Nov, 2021 |
| Amid fears of a third wave of the COVID-19 pandemic, the economy is recovering. Besides enhanced business and industrial activities, several broadbased indicators are presently indicating a strengthening economy |
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Internet-driven marketplace
SME Times News Bureau | 09 Nov, 2021 |
| The total number of Internet users in India has risen to 825.30 million at the end of March 2021, from 795.18 million at the end of December 2020, according to a recent report. Among them, the number of wired Internet users is 26 million |
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Indian unicorns
Bikky Khosla | 26 Oct, 2021 |
| Indian startups have raised funds worth $10.9 billion across 347 deals during third quarter of the calendar year 2021, according to a recent report. |
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Optimism abound on macroeconomic cues
Bikky Khosla | 19 Oct, 2021 |
| Exports increased 21.35 percent to $33.44 billion in September 2021 compared to $27.56 billion in the same month last year. In the previous month of August, merchandise exports amounted to $33.28 billion. |
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Strengthening economic recovery
Bikky Khosla | 11 Oct, 2021 |
| With post-pandemic economic activity in the country picking up pace, India is well-placed on the path to swift recovery with growth impulses visibly transmitted to all sectors, according to the latest Monthly Economic Review released by the Department of Economic Affairs. |
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Exports boost
Bikky Khosla | 05 Oct, 2021 |
| Merchandise exports in September rose to $33.44 billion, higher by 21.35 percent Y-o-Y, according to official date released last week. |
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SEIS relief
Bikky Khosla | 27 Sep, 2021 |
| In a relief to service exporters, the Centre last week notified the benefits to be given for exports undertaken in 2019-20. The sector has long been waiting for these rates to be notified and now it can be expected that the move will ease the credit burden of the sector. |
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PLI schemes
Bikky Khosla | 21 Sep, 2021 |
| The production-linked incentive (PLI) scheme for Mobile Phones and Specified Electronic Components was launched in April 2020, amid the most challenging times of COVID-19 when the Indian economy was reeling under severe difficulties. |
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GDP growth
Bikky Khosla | 07 Sep, 2021 |
| The Indian economy grew over 20% in first quarter of FY22. Gross Domestic Product grew at a record pace of 20.1% in the period as against a contraction of 24.4% in the same quarter of FY21. |
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Startup challenges
Bikky Khosla | 30 Aug, 2021 |
| In the 80th 'Mann Ki Baat' radio broadcast, the Prime Minister said that the startup culture is expanding today even to the country’s smaller cities. He added that just a few days ago, toys in our country were being discussed |
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RoDTEP rates
Bikky Khosla | 23 Aug, 2021 |
| The long wait is finally over. The Centre last week notified rates under the RoDTEP (Refund of Duties and Taxes on Exported Products) scheme, under which exporters are provided with refunds on taxes and levies borne on exported products. |
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Fast-rebounding exports
Bikky Khosla | 15 Aug, 2021 |
| Merchandise exports rose to $35.43 billion last month. This growth is 49.85 percent higher than $23.64 billion worth of exports registered in July, 2020 and 35.05 percent higher than exports registered in July, 2019. |
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MSME registration
Bikky Khosla | 10 Aug, 2021 |
| The MSME minister last week informed that 41,37,443 MSMEs registered on Udyam Registration portal, from July 1, 2020 to July 31, 2021. This new portal was launched in 2020, after adoption of a new definition for the sector. |
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Farm exports: On firm ground
Bikky Khosla | 26 Jul, 2021 |
| India's agriculture exports during 2020-21 have increased by over 17% as compared to exports during 2019-20, according to latest data tabled in the Parliament. This data is encouraging. For the previous 3 years, exports by the sector remained stagnant |
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Exports revival not far-off
Bikky Khosla | 19 Jul, 2021 |
| Merchandise exports In June, 2021 rose to $32.50 billion, 48.34 percent higher than $21.91 billion recorded in June 2020, and 29.85 percent higher than the June 2019 mark of $25.03 billion. |
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MSME credit
Bikky Khosla | 13 Jul, 2021 |
| Credit is the lifeline of MSMEs, and it is particularly true amid the ongoing pandemic, combined with unpredictable market situations. But unfortunately, credit availability has always remained a big problem for the sector. |
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Inclusion of retailers, wholesalers as MSMEs
Bikky Khosla | 06 Jul, 2021 |
| The government last week revised guidelines for MSMEs with inclusion of retail and wholesale trades as MSME units. The move is expected to benefit 2.5 crore retail and wholesale traders as they --under the revised guidelines |
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Stimulus package: A big push for economy
Bikky Khosla | 28 Jun, 2021 |
| In a much needed relief, the Centre on Monday announced a relief package worth Rs 6,28,993 crore to support the Indian economy in its fight against the COVID-19 pandemic. It is aimed at providing economic relief to India Inc |
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Brighter days ahead for exports
Bikky Khosla | 21 Jun, 2021 |
| Exports again showed strong performance for third month in a row. According to figures released by the Commerce Ministry last week, exports rose 69.35 percent in May from a year earlier to $32.27 billion. |
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Time for a fiscal stimulus
Bikky Khosla | 15 Jun, 2021 |
| Inflation figures released last week came as an unpleasant surprise. Wholesale inflation rose by 12.94 percent in May from a rise of 10.49 percent in April. This is the highest rate of WPI inflation in the current series. |
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RBI booster dose for economy
Bikky Khosla | 08 Jun, 2021 |
| On expected lines, the Reserve Bank of India (RBI) last week decided to continue with its accommodative stance and maintained the repo rate at 4 percent also with the reverse repo rate kept unchanged at 3.35 percent. |
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ECLGS 4.0: More benefits to MSMEs
Bikky Khosla | 31 May, 2021 |
| First of all, the current ceiling of Rs 500 crore of loan outstanding for eligibility under ECLGS 3.0 is removed, subject to maximum additional ECLGS assistance to each borrower being limited to 40 percent or Rs 200 crore, whichever is lower. |
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MSME manufacturing gets a boost
Bikky Khosla | 25 May, 2021 |
| The Central Board of Indirect Taxes and Customs (CBIC) last week notified some major changes introduced through the Customs (Import of Goods at Concessional Rate of Duty) Amendment Rules, 2021. |
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RoDTEP rates
Bikky Khosla | 18 May, 2021 |
| Rates under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme will be announced in the coming two weeks, a top official said last week. |
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RBI's liquidity push
Bikky Khosla | 11 May, 2021 |
| In a welcome move, the RBI last week announced a series of liquidity measures to combat economic turbulence unleashed by the resurgence of Covid-19. They include, amid others, an on-tap liquidity window of Rs 50,000 crore to set up Covid-related healthcare infra, a second tranche of Rs 35,000 crore under government securities acquisition programme, and a 3-year special long-term repo operations of Rs10,000 crore for small finance banks. |
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Vaccination key to economic revival
Bikky Khosla | 04 May, 2021 |
| Amid the second wave of Covid-19 pandemic spreading like wildfire, the evidence of a slowing economy are gradually showing up. Only recently, economists predicted 12-13% GDP growth in 2021-22 |
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Let's unite against Covid-19
Bikky Khosla | 27 Apr, 2021 |
| The ongoing crisis is beyond any imagination, with the Covid-19 second wave growing into a tsunami. While Delhi is bearing the brunt of it, the situation is no less alarming in the states of Maharashtra, UP, Karnataka, Chhattisgarh and Kerala. Several other parts of the country are witnessing fast-growing infection rates as well. |
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Industry, exports sector need a helping hand
Bikky Khosla | 20 Apr, 2021 |
| Exports rose by 60.29 percent Y-o-Y in March 2021. No doubt, base effects pushed these figures, but at the same time the fact cannot be ignored that healthy demand conditions abroad contributed to this growth. |
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Pre-pack insolvency for MSMEs
Bikky Khosla | 06 Apr, 2021 |
| The central government has introduced pre-packaged insolvency resolution process (pre-pack) for companies classified as Micro, Small and Medium Enterprises (MSMEs). |
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Suez Canal unblocked
Bikky Khosla | 30 Mar, 2021 |
| The container ship that blocked the Suez Canal has been freed and is now on the move. Last week, this massive 400-meter container ship, 'Even Given', weighing 200,000 metric tons, stuck in the canal, leading to a sudden halt in regional shipping supplies. |
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Resurgence of Covid: It's time to act
Bikky Khosla | 23 Mar, 2021 |
| Business confidence has just started picking up, if we go by the findings of some recent surveys. Covid-19 hit the Indian economy hard, but with the situation improving and roll-out of country-wide vaccination programs |
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India's manufacturing dream
Bikky Khosla | 16 Mar, 2021 |
| The Centre last week started inviting applications for the second round of large-scale electronics manufacturing under the production-linked incentive (PLI) scheme |
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Consolidation vs. growth
Bikky Khosla | 07 Mar, 2021 |
| Fiscal deficit for April-January 2020-21 stood at Rs 12.34 lakh crore or 66.8 per cent of the revised estimate of Rs 18.48 lakh core against an earlier estimate of Rs 7.96 lakh crore, according to data released by the Controller General of Accounts. |
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Brighter economic prospects
Bikky Khosla | 02 Mar, 2021 |
| The Indian economy is on the cusp of revival, leaving a sharp downturn behind. As per the figures released by the National Statistical Office (NSO) last week, GDP grew by 0.4 per cent in third quarter of the fiscal year 2021 against 3.3 per cent growth |
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Resurgence in MSME credit
Bikky Khosla | 22 Feb, 2021 |
| Credit growth to the Micro, Small and Medium Enterprise (MSME) sector is improving to the pre-COVID levels, a latest report indicates. The sector’s credit exposure stood at 19.09 lakh crore as of September 2020, showing 5.7 YoY growth. |
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Exports: Time to lend a helping hand
Bikky Khosla | 16 Feb, 2021 |
| Exports showed a healthy 6.16 percent year-on-year growth in January, with overseas shipments of non-petroleum and non-gems & jewellery products rising 13.40 percent to USD 19.79 billion. |
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Budget 2021
Bikky Khosla | 02 Feb, 2021 |
| A 'Budget like never before' -- this is what the Finance Minister had promised, and it seems she, on Monday, delivered on her promise to a great extent. |
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Worst over for Indian economy
Bikky Khosla | 27 Jan, 2021 |
| The worst is probably over for the Indian economy, the RBI views in its January 2021 Bulletin, in which it consistently maintains that barring the visitation of another COVID-19 wave |
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Exporters pin hopes on Budget
Bikky Khosla | 19 Jan, 2021 |
| Latest data released by the Commerce Ministry shows that India’s exports rose 16.2 percent year-on-year between January 1-7 driven by good performance from engineering goods and petroleum products. |
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MSME policy measures in 2020
Bikky Khosla | 05 Jan, 2021 |
| The year 2020 witnessed manifold effects of a tumultuous pandemic -- massive loss of human lives, collapse of economies, industrial doom and job losses. |
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Index
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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84.35
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82.60 |
UK Pound
|
106.35
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102.90 |
Euro
|
92.50
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89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
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| Daily Poll |
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| Will the new MSME credit assessment model simplify financing? |
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| Commented Stories |
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