Vadodara: Manufacturing and trade may have taken a hit after demonetisation but the Micro, Small and Medium Enterprises (MSME) feel that the move will help their sector in the long run. Members of industrial associations and chambers in Gujarat said that the small and medium sector firms that emp…
Tag: Demonetisation
Small industry under pressure to repay loans
With businesses taking a major hit since demonetisation was announced, the Micro, Small and Medium Enterprises (MSME) are now facing a new challenge — how to repay their existing loans on time and avoid having their loans be declared as Non-performing Assets (NPAs). NCR Chamber of Commerce and In…
Chinese firms poised to take over from US cos as lead investors in Indian start-ups
If there were any fears that the rising protectionism targeted against India’s neighbours would inhibit the flow of Chinese investments into domestic startups, they are belied by the growing belief in the change of guard on the investment front. Investors from the Middle Kingdom are being a…
Demonetisation Effect | Jan Dhan push for tea workers
Kolkata: The Narendra Modi government’s demonetisation move is changing the century-old practice of fortnightly cash payment of daily wage or talab in tea gardens. Late on December 1st, the Tea Board of India has issued a circular to all tea producers’ bodies to open new bank accounts…
Currency demonetisation a near term snag for textile cos: ICRA Report
Demand for apparels is expected to slowdown in near term following the government’s decision to demonetise high value notes, and and winter-wear segment would be the worst affected, rating agency ICRA said in a report here. The adverse impact of the demonetisation on disposable incomes and …
Demonetisation took a toll on manufacturing sector growth in Nov: PMI
Manufacturing sector growth in India got hampered in November as rupee demonetisation weighed on new work flows, buying activity and production, while subdued inflationary pressure may prompt Reserve Bank of India (RBI) to reduce key policy rate, a monthly survey said on December 1st. The Nikkei …
Demonetisation Effect | Over 8 mn bidi workers yet to be paid since Nov 8
Even as the rest of the country is concerned about cash withdrawals on the pay day, there are about eight million bidi workers who haven’t received their wages since November 8. With 90 per cent of workers located in rural areas with no bank accounts, bidi units have not been able to pay wa…
Demonetisation Effect | Liquidity crunch all over the country, SMEs facing temporary hurdles
In wake of the government’s move to demonetise Rs 500 and Rs 1,000 currency notes, small and medium enterprises (SMEs) are facing temporary difficulties for making payments but are coping with the fall out of demonetisation. The SMEs and micro and small enterprises which by their very natur…
Demonetisation will promote transparency in SME ecosystem | ASSOCHAM Regional Director Perminder Jeet Kaur
Demonetisation and GST are in currency. The impact of these two key economic policy decisions on business in general and small businesses in particular is a matter of debate. Leading industry chambers are seized of the opportunities and challenges that lay ahead in view of initiation of these two…
Demonetisation Effect | Big worry for small units in Gujarat
The Small and Medium Enterprises (SMEs) across industrial pockets in Gujarat are bracing themselves for the salary payment period beginning December 1. Barring a few industrial pockets, where the payments are made on weekly basis, this is going to be the first salary payout to the workers after t…