One of the key drivers for growth of the MSME will be degree of import substitution they can offer, driven by their capability of supply, capability of demand, capacity, cost competitiveness and customer perception
FM Sitharaman on Wednesday announced first tranche of measures under special economic package of INR 20 lakh crore meant to fight the economic fallout of Covid-19
These steps might appear basic, but in the current situation where distress and panic have taken over, there are chances a lot of MSMEs might miss out on them.
With adverse outcomes looming large on the economy, government intervention and relief measures are the need of the hour to minimise the damage being caused to industry, economy and livelihood of many.
In the Union Budget 2020, finance minister Nirmala Sitharaman announced that the turnover threshold for auditing will be raised from INR 1 crore to INR 5 crore for MSMEs who carry less than 5 per cent of their business transactions in cash
Finance minister Nirmala Sitharaman said start-ups "have emerged as engines of growth for our economy" and announced some key policies benefiting the community
The accounting software automates the core calculations and administrative procedures and take control of the revenue framework so that businesses will not be required to outsource finance management
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