The government on April 12 said all sales by Indian sellers to foreign buyers through digital platforms would be classified as export. All domestic sellers who supply goods and services to foreign buyers would be classified as exporters. It will allow them to claim benefits under the Merchandise …
Tag: Reserve Bank of India
We have seen more demand coming in from the MSME sector | Vaibhav Pandey, Co-Founder, i2iFunding
Peer to Peer lending has been in existence in our society since time immemorial. Also known as crowdfunding, many peer-to-peer loans are unsecured personal loans. Of late, Indian e-commerce landscape has seen a number of financial services technology companies leveraging the power of the digita…
SMEs, MSMEs turn to peer-to-peer lending as bank credit dips
Prolonged slowdown in the corporate sector and the rising bad loans has forced banks to squeeze funding to Micro, Small and Medium Enterprises. As a result these small businesses are increasingly turning to online platforms to raise funds. These online portals works in the space of peer-to-peer l…
Exporters happy with broad Budget thrust, though wanted specific steps for relief | EEPC India Chairman T S Bhasin
Welcoming the broad thrust of the Budget which realises the headwinds faced by Indian exporters in the global markets, EEPC India Chairman T S Bhasin today said emphasis on rail and road by increased investment along with better port connectivity should help the foreign trade in the long run. Eas…
Reserve Bank smoothens the wheels for Start-ups
The Reserve Bank of India (RBI) released a statement on February 11 clarifying payment-acceptance rules, especially when it came to foreign currency, for start-ups. “A start-up in India with an overseas subsidiary is permitted to open foreign currency account abroad to pool the foreign exchange e…
Need to evolve customized funding solutions for SMEs: RBI
The Reserve Bank of India is of the view that the ‘one-size-fits-all approach’ of banks is detrimental when it comes to lending to small and medium enterprises (SMEs). In a recent report prepared by RBI Executive Director Deepak Mohanty, global examples such as Amazon Lending and supplier financi…
FISME raises MSME financing issue with RBI
A delegation of Federation of Indian Micro and Small & Medium Enterprises (FISME) led by Chairman, Banking and Finance Committee, Neeraj Kedia met Executive Director of Reserve Bank of India (RBI) U.S. Paliwal in Mumbai recently and highlighted rising MSME concerns about the fall out of fault…
Guarantees & counter guarantees for loans to be provided to MSMEs
The government must do away with the interest subvention scheme and p lough back the subsidy into a universal crop insurance scheme for small and marginal farmers, according to a recommendation from a panel constituted by the Reserve Bank of India (RBI). The move can transform the agriculture sec…
SMEs need professional advice | RBI
To provide a leg-up to Micro, Small and Medium Enterprises (MSMEs), a Reserve Bank of India panel has made a series of recommendations, including establishing a system of professional credit intermediaries/ advisers, to help both the sector and banks in credit assessment and encouraging multiple …