To enable virtual transactions via mobile phones between India &
Singapore the Monetary Authority of Singapore (MAS) and the Reserve
Bank of India (RBI) today launched the linkage between Singapore’s
PayNow and India’s Unified Payments Interface (UPI).
Indian customers of all participating Indian...
Small and medium enterprises (MSMEs) are the backbone of the Indian
economy, contributing significantly to employment generation and GDP
growth. However, MSMEs face numerous challenges, such as lack of
access to finance, technology, and skilled labor, which hinder their
growth and sustainability. They...
It is well known fact that MSME’s and SME’s contribution to the country’s
GDP is growing every year and this includes Micro, medium and small
scale industries. It also includes industries based in rural areas, agro
based Small Business and Business Financing,...
Small and medium-sized enterprises (MSMEs) in India are the backbone
of the country's economy, contributing to about 45% of India's total
industrial output and employing around 120 million people. However,
the COVID-19 pandemic has resulted in unprecedented disruptions to
the retail industry, putting...
As per recent reports of NSS the number of Employment Opportunities generated by MSME and SME’s amounted to (number of persons) in micro enterprises during the year 2016-17, 2017-18, 2018-19, 2019-20, 2020-21 and 2021-22 (as on 15.11.2021) are 4.08...
Spice Money India’s leading rural fintech firm, a subsidiary of DiGiSPICE Technologies is paving the way Bharat banks, has issued 19 lakh PAN cards and over 1.5 lakh Udyam Aadhaar cards till date through its Adhikari network spanning across...
Enterprises be it big or medium sized are all shifting their critical assets and data to cloud computing services and this has led to acceleration in amount of cyber-attack & Cyber Security targeting both critical assets and data.
The process...
The MSME sector has experienced a lot of changes and gap in the
recent times. After the inception of the MSMED ACT 2006, many of
the MSME businesses came to fruition. There was a huge amount
of interest amongst the entrepreneurs to...
To address the queries of global investors, Institute of Chartered Accountants of India ICAI has set up an instant expert advice pavilion from experts in the area of taxation, MSME, compliances at “Pravasi Bhartiya Diwas (PBD)” which is underway...
MSME businesses are at the forefront of economic growth in a
country like India. It is very important for the small businesses to
get themselves registered under the domain of the MSME sector.
This proves to be a major turning point for...
