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Sunday, November 24, 2024

Delayed Payments

India’s First Solutions-Focused Report for MSME Delayed Payments Launched

Global Alliance for Mass Entrepreneurship (GAME) and C2FO (Collaborative Cash Flow Optimization) jointly released The Delayed Payments Report 2.0 titled 'Imagining Solutions to Unlock Working Capital for MSMEs'. This was released by the Chief Economic Advisor to the Government...

‘Business Financing’ a Major Issue for MSME’s’: Challenges and the way forward

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,...

Provisions for dealing with delayed payments to MSME sector

MSMEs businesses have become a primary force behind the progress of the Indian economy. It has been observed by many institutions that MSMEs businesses have steadily been outperforming many other business sectors in the recent times. This is primarily due to the...

Non-tax benefits for MSMEs for a period of three years

The MSME businesses in India are flourishing at their highest pedestal right now. Many different newcomers have started exploring the MSME space and as a result of which there is huge competition in this sector. MSMEs on upgradation and consequent reclassification can...

How can SMEs efficiently deal with their working capital?

MSMEs that frame the foundation of India’s development story is credit compelled and need sufficient assets to get by in an aggressive Ecosystem As indicated by a report by International Finance Corporation, just 21.5% SMEs approach fund from banks...

What government must do to improve credit infra, bankruptcy framework, payments for MSMEs to obtain full potential

India's credit infrastructure, bankruptcy framework, and cost mechanisms remain crucially limited and ought to be addressed urgently if MSMEs are to understand their full expertise. With India’s rating jumping 65 areas on this planet bank’s ‘Ease of Doing trade Rankings’...

The useful practices to decrease payment delays from clients

Every year, approximately 80% of Small and Medium Enterprises(SMEs) suffer from late payments via clients. This statistic is remarkably risky if applied to a nation like India as most of the corporations in small markets are depending on the...

Dynamic measures by Government to defy delayed payments to SMEs

To oppose delayed payments to SMEs in India, the Government has chosen to take action against organizations by demanding that all defaulting elements obligatorily furnish it details of outstanding cash with reasons by April 2019. On the off chance that...

MSME Registration is not compulsory for getting protection from postponed Payments

At last the full stop is given to the confusion over the issue where the MSMEs that are not enlisted under the MSMED Act at the season of execution of the agreement can be dealt with as supplier or...
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GeM Partnership with Sikkim: Boosting Digital Procurement Across India

The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
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