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Demonetisation Impact on GST and Liquidity Gridlock-led Business Growth Crisis

B L Chandak
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Spill-over effects of demonetization and its impact on GST is having unintended consequence of acute liquidity crisis in trade and industry. There is a wide-spread delays/defaults in inter-firm credit based payment system. Businesses are experiencing a liquidity gridlock type situation where several payments each await the settlement of others. Due to this, a historic  growth boosting reform like GST is…

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Is GST Applicable for the Industry Associations?

Mukesh Gulati
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July is the month of monsoon for the rest of Northern Hemisphere, but Indian government had its twist. Government choose to bring clouds of Goods and Services Tax (GST) for everyone; the cloud that would not stop dripping all year long. GST is a comprehensivemulti-stagedestination-based tax that will be levied on every value addition, which means all the previous indirect taxes are removed…

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Why GST is Getting Surat Terrified

Mayank Jain
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Starting the 27th of June, the MSMEs belonging to the Textile Industry in Surat have been in a state of shock! They quickly tried to figure out what hit them - got scared to no end doing so - took to the streets, processions, dharnas, fasts — even withstood a Lathi Charge — all within a week! GST surely is Getting Surat Terrified! 

To understand…

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SMEs Access to Capital Markets in India

Yerram Raju
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It took almost a decade since the SME Exchange has been formalised to see 60 floats in a month. Still the total number of listings on the SME bourses is not something that the growing Indian economy can be proud of.

In India, most SMEs operate in debt markets. Cost of raising debt for SMEs is increasingly becoming problematic both…

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MSE Credit Supply Shrinks

Yerram Raju
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Commercial Banks proved sweet nothings in their offerings to the MSEs while a myriad of their loan products focused on medium enterprises or the mid-corporate sector.

Manufacturing MSEs going by RBI November 2016 data reveals that they share 42.9% outstanding credit with a negative growth of 9.2%. Manufacturing sector was the largest employer providing employment to 30.3 million (23.1%) persons,…

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Impact of Enhanced Standards for Credit Rating Agencies on SMEs

Rajesh Dubey
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The year 2015 saw a sharp downgrade in the credit rating of Amtek Auto leading to redemption crisis in J P Morgan Asset Management Company. The rating agencies came in for a lot of criticism. Year 2016 posed a similar position for the rating agencies; however, they were cautious this time and took care in staggering the downgrade, though in…

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Fake in India

Vinod Sharma
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The “Make in India “ lion continues to be shackled.

The three shackles of cost, complexity and corruption hold a vice like grip. All he can do, is roar.

The cost of finance (the bloodline of all industry) remains high. How do  we compete by borrowing at an average 12% when our competitors in a flat world have access to…

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Modi and Trump

V K Aggarwal
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This government is indeed very business friendly, While Mr Trump is said to be planning to go back on globalisation in the interest of creating more jobs, Mr Modi is thinking of raising bars against imports to help businesses create wealth for the country.

Otherwise why would he allow MIP to be brought in for Steel industry and now for…

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It is time to Demonitise

Yerram Raju
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“Not all the perfumes of Arabia will sweeten this little hand” (Shakespeare from ‘Meckbeth’)

The rate cuts of 2010 from the RBI did not influence the prices of food articles in particular and others in general, with the food inflation at the alarming level of more than 18%. Rampant corruption surfaced in nooks and corners of the economy. Recently the…

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Innovation and the enabling ecosystem for SMEs

DC Sekhar
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Today we are witness to some of the most sincere efforts by Governments, right at the top to improve the ecosystem of start-up and innovation ecosystem. These have largely managed to inject a lot of positivity and optimism in the business environment.

This article is a bottom up view from an entrepreneur who earned from service revenues, invested surplus finds…

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