Articles published on the web portal of Economic Times and Money Control.
Dear all,
Your association SIMA is forwarding herewith articles published on the web portal of Economic Times and Money Control, dated 29.11.2019.
1. Companies using tech to move Fast Moving Consumer Goods faster: The Economic Times.
Fast-moving consumer goods (FMCG) companies are making use of technology to beat longstanding challenges and build on emerging opportunities in an evolving marketplace.
Zero stock-outs at retailers and making new products quickly available are critical for FMCG companies. An efficient network to push a pipeline of often perishable goods is also key.
In addition, they also have to ensure that products are fresh, there is enough market reach and that working capital ratios are constantly improving......TO READ THE FULL ARTICLE PLEASE CLICK HERE.
2. GST e-invoicing to help MSMEs avail faster bank loans says, government official :
The soon-to-be-introduced e-invoicing system from January 2020, is expected to help the micro, small, and medium enterprises (MSMEs) by opening the facility of instant bank loans for the sector.
"With the new system of e-invoicing, banks may not require a plethora of physical documents and their validation processes rather they can do MSMEs ratings for the loan on the basis of their e-invoicing," said a senior official in the Central Board of Indirect Taxes and Customs.
E-invoicing is also expected to bring Ease of Doing business by reducing reconciliation problems.....TO READ THE FULL ARTICLE PLEASE CLICK HERE.
Thanking you,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
