Page 21 - Msmes

Restarting the economy

The first tranche of the stimulus package focuses on liquidity

Banks to breathe easy as govt's Rs 3.7 trn package brings relief for MSMEs

Wednesday's package also addressed some concerns in power and real estate

15 different measures FM Nirmala Sitharaman announced today

Among 15 measures announced - 6 are for MSMEs, 2 related to EPF and 2 related to MFIs, 1 to discoms, 1 to contractors, 1 to real estate, and 2 tax measures

FM has leveraged banks and PSUs to deliver the goods

The credit angle is interesting for them as the Rs 3 trillion to be disbursed by banks would go as collateral free debt for four years with a 12-month moratorium

Tamil Nadu's MSMEs want measures similar to those offered by other states

Demand raising working hours to 12 a day, leeway to units to work out the number of hands required, choice to migrants between a ticket back home and Rs 5,000 for staying behind

Best of BS Opinion: Govt's borrowing plan, coronavirus outbreak, and more

Here's a selection of Business Standard opinion pieces of the day

FDI shift from China? A joke

The orchestra is building up to a crescendo

Amid coronavirus lockdown, steel demand pick-up off to a slow start

Construction activities have resumed, albeit in a staggered manner; in some pockets there is demand for yellow goods as well

Why lending to MSMEs makes business sense

A large section of MSMEs is creditworthy and micro retail borrowers' cash flow allows them to repay bank loans fast

Lockdown: UP labour reforms will spur investment, create jobs: MSMEs

MSME chamber IIA urges labour unions to support these relaxations

Learn the art of living with Covid-19 pandemic: Nitin Gadkari to retailers

Gadkari also assured the retailers of looking into their demands of financial aid from the government

Steel sector may miss peak order season, wants supply chain opened up fully

The problem is especially acute in the tubes and pipes segment where 30 per cent of India's steel production is used

UP steps up efforts to reach out to 74 global firms looking to exit China

European Business Group hails covid-19-induced labour reforms in UP; state goes online to connect with five nations and companies like Microsoft, Dow and IBM and showcase investment opportunities

Public sector banks sanctioned Rs 5.66 trn in loans during March-April: FM

During March-April 2020, PSBs sanctioned loans worth Rs 5.66 lakh cr for more than 41.81 lakh accounts

UP govt plans daily evacuation of 45,000 stranded labourers amid lockdown

Yogi government urges Maharashtra to dispatch 10 trains a day

Covid-19: PNB opens emergency credit line for MSMEs to enhance liquidity

There is a facility of standby line of credit for MSMEs as well as PNB COVID-19 Emergency Credit Facility (PNB-CECF), the bank said

Chennai MSMEs allege bias in grant of permission to restart operations

They say they may end up losing the orders on hand to units in other belts; may not be able to pay April wages; foresee law and order problem with agitated labour

Depleting factory assets, market shutdown put metal SMEs' survival at stake

These units continue to incur costs like wages and interest on loans; worse, shipping lines and container services continue to dump them with demurrage in defiance of official directives

Covid-19 outbreak: For big electrical players, lockdown only a blip

Most of the firms that are dependent on government contracts are looking at a dry pipeline in the near term.

Manmohan opposes DA hike freeze; Sonia writes to PM on MSME package

The Congress posted excerpts from a video conference of the party's recently constituted 11-member consultative group