The rollout of goods and services tax (GST) is expected to level the playing field for small and medium enterprises (SMEs) by reducing the tax arbitrage. True, at least in the immediate term, compliance costs will shoot up as GST requires registration and filing of returns in multiple states. Als…
Tag: CRISIL Research
Demonetisation cap: Daily limit hiked to Rs 10k, but weekly stays at Rs 24k
In a move that will bring relief to small traders and businessmen, the Reserve Bank of India (RBI) on January 16 allowed them to withdrawal cash from current accounts of Rs 1 lakh per week compared with just Rs 50,000 earlier. The facility will be applicable to overdraft and cash credit accounts …
Textile sector MSMEs welcome Smriti Irani with high hopes
After announcement of special package by Government of India, Textile industry looks at appointment of high profile Smriti Irani as Textile Minister with high hopes. Industry sources are looking forward to Irani to driving growth and achieving the export target of $300 billion by 2024-25. Accordi…
Special measures introduced for MSME exporters
CRISIL has analysed the performance of micro, small, and medium enterprises (MSMEs) for which it had undertaken renewal ratings on the basis of their 2013-14 (financial year April 1-March 31) financials. The analysis reveals that the average exports of these enterprises grew by 22.64 per cent to …