India’s exports grew at its fastest pace in five years by 4.7% to $274.65 billion during the financial year 2016-17, despite the demonetisation drive that slowed domestic economic activity since November. In March, exports grew a whopping 27.6% to $29.23 billion after clocking a 17.5% jump in Feb…
Tag: CRISIL
GST: A mix bag of opportunities & challenges for SMEs
The Goods and Service Tax (GST) is a destination-based tax applicable at multiple stages of production and rendering of goods & services and their distribution. Subsuming various indirect taxes such as entertainment tax, state and local tax, surcharge, excise duty, octroi, and others, the GST…
TReDS can boost MSMEs’ liquidity, with some tweaks
The Trade Receivables Discounting System (TReDS) proposed by the RBI is expected to provide much-needed liquidity to Micro, Small and Medium Enterprises (MSMEs). Lack of adequate working capital has been a major issue for MSMEs. Institutional lenders are typically obsessed with immovable collater…
सस्ते हो सकते हैं होम और कार लोन, RBI आज पेश करेगा मॉनिटरी पॉलिसी
गिरती क्रेडिट ग्रोथ और बढ़े डिपॉजिट को देखते हुए देश के प्रमुख बैंक होम, कार और पर्सनल लोन जैसे रिटेल लोन उम्मीद से ज्यादा सस्ते कर सकते हैं। उन्हें आज पेश होने वाली आरबीआई की मॉनिटरी पॉलिसी का इंतजार है। अगर आरबीआई रेपो रेट में कटौती करता है, तो बैंक डिमांड बढ़ाने के लिए रिटेल […]
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Union Budget 2017 provides big boost to textiles sector; Here’s why
Higher fund allocation for labour skilling and end-to-end logistics solutions, including rail and coastal shipping last-mile connectivity, will help the country’s textile industry to achieve the $350-billion target in next few years as set by the union government, industry experts have said. Thou…
MSE interest subsidy can triple indirect taxes: CRISIL
New Delhi: An interest rate subsidy of Rs 1 crore to Micro and Small Enterprises (MSEs) can generate nearly thrice as much in indirect taxes, create 38 jobs, and also increase revenue and profitability of MSEs in the near-term, an analysis by CRISIL SME Ratings said here on January 24. Putting it…
SMEs को सब्सिडी से सरकार का बढेगा रेवेन्यू: रेटिंग ऐजेंसी क्रिसिल
रेटिंग ऐजेंसी क्रिसिल ने हाल ही में अपनी रिपोर्ट में कहा है कि छोटे उद्योगपतियों को एक करोड़ तक की इंटरेस्ट रेट सब्सिडी मिलने पर रोजगार में बढोत्तरी होने के साथ-साथ, इनडायरेक्ट टैक्स में भी तीन गुना वृद्धि होगी। ऐजेंसी का कहना है कि इससे एसएमई इकाइयों को काफी फायदा होगा और देश में लघु […]<…
MSMEs see surge in cheque & e-payments: CRISIL
Micro, Small and Medium Enterprises (MSMEs) are moving towards cheque and e-payments in a big way following the government’s move to demonetise high currency notes. As many as 41% of MSMEs said their clients have shifted to cheque or electronic payment since demonetisation, according to a n…
MSEs with credit rating increase debt by 70%
CRISIL’s analysis of 1,600 Micro and Small Enterprises (MSEs) which sought re-rating for four consecutive years or more shows 35 per cent of them saw at least one rating upgrade. An equal number saw no change in rating, while 14 per cent were downgraded. The rest experienced multi-directional rat…
Diversification makes MSMEs more attractive for lenders: CRISIL
Diversification of business model — by geographical reach, product range, and customer base — carries a lot of weight in credit risk assessments. So a well-diversified MSME will have a credit-quality edge over peers with concentrated businesses. CRISIL’s analysis of the financials of over 1,000 M…