S Gurumurty ji who has been recently appointed to RBI board has requested the circle to send details of the banking and finance problems the msme industry faces in general.
main problem of msme central govt do registerationunder msme adhar scheme but most of units are on agriculture land through out country they are unable to avail govt benefits.hope mr GURU MURTHY WILL LOOK INTO MATTER. OR PLEASE GIVE HIS CONTACT DETAILS SO I CAN WRITE HIM. DALIP KUMAR 8130288335 more
Make information available to MSME easily. As per example, there is MSMED Act but no information in simple language is available on any govt. sites about the same for MSME to follow and take advantage of. Govt. must list all such schemes on a website with simple language so that a grassroot entrepreneur can understand and follow. Same goes for all schemes. more
The main problem for banks is NPA, people avail the facility of loans but forget to repay the loan and create a problem for the bank. We have suggested many times that the Banks never go to the beneficiary or call the beneficiary to take loan but the beneficiaries are brought to banks by the loan sanctioning authorities. The Government authorities identify the beneficiaries and put them before the Task Force Committee headed by District Collector for getting their projects sanctioned. The sanctioned letter duly signed by District Collector is passed on to the Banks for getting financial assistance. Now the question arises as to why the sanctioning authorities are not taking the responsibility of getting the financial assistance refunded to banks in installments instead of putting the entire burden on Banks. more
36% students from IIT bombay are unemployed at graduation. Where exactly are we headed as a nation. Imagine the state at NITs and other govt engg colleges. Private colleges to we must forget only. ...
Dumbest thing in GST is using PAN as GST number and Mandating displaying GST number in Sign Boards. So that everyone on street knows our PAN. PAN is used as password in income tax docume...
Google India hiked the rate of business mail by 350 %. With fear of recession looming and when msme are struggling this is not the right thing to do. It will cost msme sector 5000 crore per year...
Still GST system is not 100 % user/official friendly. there are news that so much money (in lacs) collected by fraudulent GST bills. I am a GST registered vendor. The company turn over is almo...
Many of you know how LocalCircles had worked with the Government in 2019 on resolution of angel tax issues under Section 56 (2)(viib) of the Income Tax act. Once again, the Government h...
Now our IT portal has become sick being suffering babu virus or extortion virus. McA site never works on last days and people have to pay penalties for mistakes of govt. Now professionals are wasti...
What about income tax return filing date? Any extension thereof? As of today, I am not able to file the return . Has any one else file the income tax return? Has Portal issue been solved? I have al...
I have been doing and promoting small business for the last 30 years. The real problem is that the ministers and their secretaries don't have practical experience and they look for 5 trillion dolla...
I find it quite interesting that the ministers want to deal only with tata adani ambani and not the real msme and startups. Why is the msme minister (appointed this week Narayan Rane) his secretary...
FICCI the industry association has written to Centre saying most of 40000 ventilators manufactured under PM Cares Fund last year are lying unused at government facilities. Mainly due to negligence ...
By Sudesh Rai
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