RBI panel proposes Rs. 10,000cr govt fund to develop MSMEs - TOI
Dear all,
Your association is sharing herewith articles published by the Times of India, Mumbai Edition on dated 26/06/2019.
RBI panel proposes ₹10,000cr govt fund to develop MSMEs - TOI
A panel constituted by the Reserve Bank of India (RBI) to suggest measures to develop micro, small and medium enterprises (MSMEs) has proposed a Rs 10,000-crore government fund. The idea is that this will support venture capital and private equity funds investing in the MSME sector. The panel has also recommended a Rs 5,000-crore distress asset... …. TO READ THE FULL ARTICLE PLEASE CLICK HERE.
Exempt startup listings from profitability rule: RBI panel - TOI
The Reserve Bank of India (RBI) panel on small and medium enterprises (SMEs) has recommended thatthere should be no profitability requirement for startups to list in India as they tend to be loss-making to achieve high growth. At present, for companies to list on Indian bourses, they need to show a consistent track record of profits for the previous three years. …. TO READ THE FULL ARTICLE PLEASE CLICK HERE.
E-comm meet sees swadeshi, videshi divide - TOI
A meeting on the controversial Press Note 2 on FDI in e-commerce marketplace turned into a verbal spat between the “swadeshi” e-commerce players such as Snapdeal, India-Mart and ShopClues on one side and Amazon and Flipkart on the other. There was also a stern message from the government that the companies should not flout rules by offering steep discounts and indulging in predatory pricing, a charge that was rejected by them.…. TO READ THE FULL ARTICLE PLEASE CLICK HERE.
This is for your kind information.
Thanking you,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi,
Secretary
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