Author: V K Agarwal, Member – IEEMA, Past FISME President
In a seminar organized by IEEMA recently Power Minister R.K. Singh asked Power Distribution companies (DISCOMS) to to open LCs on purchase of power from the Central utilities.
Let’s hope of a day when DISCOMs will have to follow financial discipline and their management including MDs will be subject…
Author: Mr. Amit Lalan, Director, Upstox
For ages, Indian women have played a pivotal role in managing the family finances. While they stayed out of major financial decisions, they did hold access and control over the ‘Ghar ki Tijori’, or to put it metaphorically, keys to the wealth of the family. What is the concept…
Telangana Government has created efficient policy instruments around TSiPASS, T-PRIDE,T-IDEA, RICH, and TASK, TIHCL as part of the MSME ecosystem. MSMEs in the state today do not face power outages, voltage fluctuations. They do not suffer scarcity of industrial water. Tolerance to pollution is going down al bait slowly but surely. Disruptive Digital technologies, particularly Artificial intelligence and Man Machine…
Huge NPAs in corporate sector of the order exceeding Rs.10trillion and the increasing credit outflow for MSMEs from the NBFCs, on the verge of taking away the meat our of the portfolio have woken up the commercial banks to lend to this sector more responsibly. Banks like SBI, Canara Bank, Indian Bank, Syndicate Bank, and PNB are in the lead…
India has been the cynosure’s eye in regard to the announced growth of 7.1% for 2017-18 in spite of fall in manufacturing growth and wavering agriculture growth. Analysts have various expectations ranging from 7.5% for the next fiscal even amidst fears of rising inflation expectation from the RBI.
The much touted macroeconomic fundamentals, EODB rankings not withstanding are shaken with…
In the last few weeks, MSME sector finally appears to have become the buzzword in the corridor of economic policy making in India. Significant policy decisions with far reaching consequences have been announced.
Investment in plant and machinery has been junked and new definition on the basis of turnover criteria – partly aligned with international definition norms- has been approved…
Most environmental economists in all the international fora admitted the cause and consequence of global warming resting in pollution – air, water, sound and atmosphere. It is difficult to analyse the problems relating to costs and benefits. For example, the benefits are reaped by the present consumers of nuclear power; the costs, if any, are borne by the future generations…
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…
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 comprehensive, multi-stage, destination-based tax that will be levied on every value addition, which means all the previous indirect taxes are removed…
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…
