The implementation of goods and services tax (GST) and continued impact of demonetisation in some segments are likely to be high asset quality risks for small and medium enterprise (SME) lenders, said Ambit Capital Pvt. Ltd. According to the brokerage firm, many micro, small and medium enterprise…
Tag: Demonetisation
India needs its MSMEs to go cashless: Report
Almost eight months after demonetisation, India is slinking back to using cash as its primary mode of financial transactions. While the government has undertaken several initiatives to induce the consumers to go digital, a report by the Boston Consulting Group (BCG) predicts that it would be far …
RBI’s new monetary policy today: 5 things to watch out for
The current growth-inflation dynamics has led to increased bets that the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may soften its stance on the future course of interest rates. If so, it will be a breather for the market as it would be a deviation from the hawkishness displaye…
GDP: चीनी मीडिया का तंज, ड्रैगन बनाम हाथी रेस में पिछड़ा भारत
चौथी तिमाही में जीडीपी के ताजा आंकड़े सामने आने के बाद चीन की सरकारी मीडिया ने भारत पर तंज कसा है। जीडीपी विकास दर में आई गिरावट को चीनी मीडिया ग्लोबल टाइम्स ने ड्रैगन बनाम हाथी की रेस में भारत का पिछड़ना बताया है। चीनी मीडिया ने भारत की जीडीपी को मिले इस झटके लिए […]
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Indian SMEs more bullish on growth prospects than firms in China: Study
In spite of doubts over uncertain business rules following the goods and services tax (GST) rollout in July 1, small and medium enterprises (SMEs) are more bullish on growth prospects as compared to their global counterparts, according to a survey conducted by financial services giant American Ex…
नोटबंदी: देश की आर्थिक गतिविधियों पर विमुद्रीकरण का असर, वृद्धि पड़ी ठंडी
नोटबंदी का देश की आर्थिक गतिविधियों पर भारी असर हुआ है। वित्त वर्ष 2016-17 की चौथी तिमाही में सकल घरेलू उत्पाद (जीडीपी) की वृद्धि दर घटकर 6.1 फीसदी पर आ गई है। यह चार तिमाही में सबसे कम है। यह स्थिति तब है जब सरकारी खर्च और कृषि से जीडीपी को बल मिला है। असल […]
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India will grow 7.2% in FY18, GST will deliver substantial gains: World Bank
New Delhi: The World Bank on May 29 said the government’s November decision to withdraw high-value currency notes may have a disproportionately high impact on the poor and vulnerable while its decision to implement the goods and services tax (GST) will be equitable without any negative impact on …
Cattle Trade Ban: Leather industry claims exports will decline by $3.5 b
The Centre’s ban on the sale and purchase of cattle from animal markets for slaughter would adversely affect the leather industry, leather exporters in Kolkata said and demanded that the decision be either revoked or amended. If nothing is done, the leather exporters threaten to take to the…
PayPal & Village Capital expand partnership to globally “democratize” access to financing for SMEs
From the U.S. to Mexico to India to sub-Saharan Africa, SMEs’ need for access to capital is universal. What differs across geographic markets, however, is how small businesses can gain that access. For some, it’s through their traditional banks. For others, underbanked markets need FinTech innova…
Logistics start-up Delhivery secures $30 m from Fosun International
Gurugram-based e-Commerce logistics firm Delhivery has secured $30 million (Rs 194 crore) in funding from Chinese international conglomerate Fosun International. This additional investment is a part of the bigger equity financing round that saw a $100 million funding from The Carlyle Group, earli…