User: gauravkhambhala Topic: smenews
Category: sme
Last updated: Feb 14 2019 20:25 IST RSS 2.0
 
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India - U.S. Commercial dialogue and CEO forum held in New Delhi 14.2.2019 Govt of india: PIB
    Suresh Prabhu chairing India - U.S. CEO Forum   India and the United States held India-U.S. Commercial Dialogue and India-U.S. CEO Forum in New Delhi today. Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, chaired the meeting.
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Defence Innovation Hubs 11.2.2019 Govt of india: PIB
The Innovations for Defence Excellence (iDEX) framework of the Government envisages setting up and managing independent Defence Innovation Hubs (DIHs).  These DIHs will serve as platforms where innovators can get information about needs and feedback from the Services directly and create solutions for India’s major defence platforms.
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18 flagship schemes unveiled 7.2.2019 The Assam Tribune
18 flagship schemes unveiled
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Linetrust - One Stop Shop for All Your Financial Needs 4.2.2019 Sify Finance
Linetrust Offshore Limited, a close ended trust fund operating from Marshall Island and the United Kingdom promises to provide tailor made financial reengineered
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MSME remains a focus sector for government 2.2.2019 Financial Chronicle
Chennai Though the government continued to dole out incentives for the micro small and medium enterprises in the budget, there seems to be a gap between what the government has been offering and what MSMEs have been receiving.  Among the key announcements made for the MSMEs, GST registered SME units will get two per cent interest rebate on incremental loan of Rs one crore. The requirement of sourcing from SMEs by government enterprises has been increased to 25 per cent. Of this, the material to the extent of at least 3 per cent will be sourced from women owned SMEs. “In government projects, the decision to source 25 per cent material from SMEs, 3 per cent from only women-owned SMEs is a case of lead by example and would usher more opportunities to the doorsteps of SMEs,” said Sunil Gupta, founder and director, ExportersIndia.com. Further, exemptions from GST for small businesses have been doubled from Rs 20 lakh to Rs 40 lakh. Businesses with turnover up to Rs 1.5 crore have to pay only one per cent flat ...
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Highlights Of Interim Budget 2019-20 1.2.2019 Govt of india: PIB
The key highlights of the Interim Budget 2019-20 presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal in Parliament today are as follows:   New Announcements Farmers 12 crore small and marginal farmers to be provided with assured yearly income of Rs. 6000 per annum under PM-KISAN Outlay of Rs. 75,000 crore for FY 2019-20 with additional Rs. 20,000 crore in RE 2018-19 Outlay for Rashtriya Gokul mission increased to Rs 750 crore Rashtriya Kamdhenu Ayog  to be setup for sustainable genetic up-gradation of the Cow resources New separate Department of Fisheries for welfare of 1.5 crore fishermen 2% interest subvention to Farmers for Animal husbandry and Fisheries activities; additional 3% in case of timely repayment.
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Governemnt takes several measures to strenghthen msmes 1.2.2019 Govt of india: PIB
The Government has taken several measures to strengthen the Medium, Small and Micro Enterprises (MSMEs). While a Scheme of sanctioning loans upto Rs. 1 crore in 59 minutes has been launched, GST-Registered SME units will get 2% interest rebate on incremental loan of Rs. 1 crore.
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Limited awareness among SMEs restricts growth of online lending platforms 1.2.2019 Financial Chronicle
Chennai Online lending platforms have not still made significant inroads into the SME sector as lower awareness about the platforms and lower user satisfaction is keeping the growth restricted. Digital lending platforms like Indifi, Capital Float and NeoGrowth Credit have an addressable market of $200 billion for providing short-term credit for around 60 million MSMEs and the size of the opportunity is $20 -30 billion if one takes only the digitally-savvy SMEs. However, the online lenders have not been able to make a headway into the SME market, finds RedSeer consulting.  A survey of SMEs revealed that digital lending accounted for only 12 per cent of the short term loans availed by them. NBFCs had the largest share of 43 per cent, banks 23 per cent and informal sources 22 per cent. A large percentage - 78 per cent - of these short term loans were for working capital needs, 18 per cent supply chain finance and 3 per cent online seller finance. Among the SMEs, 41 per cent were not aware of online lending ...
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Focus on consumption and investment boost 30.1.2019 Financial Chronicle
Guest Column: Tulsi Tanti, Founder & CMD, Suzlon Group The economy has made significant progress in combating inflation in recent years. India has emerged as the fastest growing major economy in the world. Over the last four years, inflation has averaged just over 4 per cent. In the last calendar year GDP grew at an average of 7.2 per cent. Mergers and Acquisitions (M&A) activity in the country has reached $82.1 billion in 2018, whereas Index of Industrial Production (IIP) rose 5.6 per cent year-on-year in April-October 2018. Focused reforms on doing business have helped India move up the rankings on Ease of Doing Business by 23 places to 77th position. The expectations from the Interim budget 2019-2019 are: 1. Re-introduction of Accelerated Depreciation To provide a level playing field for SME and small investors and to continue diversity in investments in the RE sector: Accelerated depreciation should be re-introduced @ 80 per cent for windmills and solar projects to retail investors with project size ...
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Bajaj Finance PAT up 48% at Rs 1,023 crore 29.1.2019 Sify Finance
Bajaj Finance Limited on Tuesday reported 48 per cent jump in post tax profit to Rs. 1,023 crore during third quarter ending December 31, 2018.
Surani Steel Tubes Limited to enter capital markets 24.1.2019 Sify Finance
Surani Steel Tubes Limited will be entering capital market with an Initial Public Offering opening on January 25 and closing on January 29. 
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RBI slaps Rs 1-cr penalty on Bajaj Finance 15.1.2019 Zee News : Business
Bajaj Finance is into businesses such as consumer finance, SME finance and commercial lending.
Asirvad to secure PE funding; aims for IPO, Rs 10,000 crore AUM 10.1.2019 Financial Chronicle
Chennai Asirvad Microfinance, the micro-lending subsidiary of Manappuram Finance, is going for a major capital infusion to achieve an AUM of Rs 10,000 crore by FY22. It is in talks with private equity firms to raise Rs 500-600 crore this year and by FY21 it plans to go for IPO. Having crossed an AUM of Rs 3,000 crore, Asirvad now looks at tripling its portfolio by FY22. It has prepared road map both in terms of capital infusion and business development to achieve the milestone. The company, in which Manappuram Finance owns 92 per cent stake, has been well-funded. Next month Manappuram Finance will be infusing Rs 150 crore into its microfinance subsidy. Further, Asirvad is in talks with a few private equity players to raise around Rs 600 crore. “We plan to raise Rs 500 to 600 crore this year. The stake dilution will depend upon the valuation,” SV Raja Vaidyan-athan, MD of Asirvad Microfinance told Financial Chronicle. This will help Asirvad to touch Rs 5,000 – Rs 6,000 crore AUM by FY21. Going ahead, ...
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GST Council to meet on January 10: Here's what SMEs, MSMEs, home buyers can expect 9.1.2019 Zee News : Business
While for small service providers, the Council may announce a flat 5 percent GST.
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82% start-ups did not get Startup India benefits: Report 3.1.2019 Sify Finance
Around 82 per cent of start-ups in the country are yet to receive any benefit under the Centre's Startup India initiative, a report said on Thursday.
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The firm that handles 'Get PSB loans in 59 mins' 30.12.2018 Rediff: Top Stories (India)
Sidbi acquires Ahmedabad-based start-up at hefty premium; founders deny link to govt.
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4 fintech trends that will impact you and your business in 2019 28.12.2018 Sify Finance
[India], Dec 28 (ANI-NewsVoir): The fact that Indians are comfortable making C2G (citizen-to-government) payments online - which were traditionally made in cash - shows how far we have come in our
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No more deep discounts? Changes in e-commerce norms will hurt Amazon and Flipkart 28.12.2018 Scroll.in
The changes follow complaints that the country’s largest e-tailers were indulging in predatory pricing.
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India Inc garners Rs 6 lakh-cr from equity, debt markets in 2018; Kitty down 30% 24.12.2018 Zee News : Business
Experts, however, are hopeful the fund-raising will gather steam in second half of 2019 with a pick-up in the overall investment climate.
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Only modernisation can help end rural distress: Kumar 20.12.2018 Financial Chronicle
New Delhi Interview: Niti Aayog, Vice-Chairman As the country debates a 8 per cent growth rate, farm loan waivers in Chhattisgarh and Madhya Pradesh have added to the discussion. The NBFC credit crunch, bottoming out of inflation, change at the top in the Reserve Bank of India (RBI), a jobless growth, the investment cycle and consumption pick-up are facing the country that aspires to be in the top league. Niti Aayog vice-chairman Rajiv Kumar, in an interview with Anjana Das, seeks to define and offer road map to tackle them in a comprehensive manner. Excerpts: Agricultural loan waivers are a big draw now. Do they help in improving the farmers’ lot? Farm loan waiver is not a solution to the agrarian crisis. Modernisation of agriculture is the real issue. The first step must be taken the earliest. The steps include modernisation of the farming community, more value addition, and diversification, better cropping methods and reduction in cost of production for farmers. I hope states, including those that are ...
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