The Government has announced a massive relief package for the MSME sector which is highly stressed due to the on-going COVID 19 pandemic. There are a host of measures that will ensure the availability of working capital. The package has relevance for the MSME sector as the economy is driven by the vision of Atmanirbhar …
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Giving insights into the economic plan which comes as an integral part of the Atma Nirbhar Bharat Abhiyaan, Nirmala Sitharaman, the Finance Minister of India, announced major revisions in the definition of MSME or Micro Small and Medium Enterprises. The announcement was made on Wednesday, May 13th, and what came as a complete upside-down case …
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Insurance is a matter of grave concern when the ramifications include the deadly coronavirus. The global corona pandemic has left insurance regulators scrabbling for the most appropriate policies that they can provide to their customers. Both life and general insurance companies have been spurred by the IRDA to come up with products that aim to …
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The Coronavirus pandemic has struck hard. It has forced some of the most powerful countries to contain their population in their homes, and the same goes for India. With such huge pressures on people, the administrators, and the governments across the nation, it is quite likely for the small businesses to suffer a big blow. …
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With the stock markets dropping and the COVID-19 cases heaving, small business owners are scrambling to find out the ways that can help them in dealing with disruptions. The pandemic is constantly spreading and affecting the world. Small businesses in India are fighting this double battle of managing operations and misinformation at the same time. …
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The entire world has become the victim of another pandemic- COVID-19. It has led to a very stressful situation. The pandemic is hugely impacting businesses across the country, and livelihoods of all associated are in great jeopardy. Approximately 62% of business owners who took part in an online survey stated that their businesses have full …
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Running a business definitely requires a lot of effort, hard work, and strategy that ensures your business can thrive or at least float through unforeseen circumstances. However, many a time it becomes difficult to prepare for every unprecedented event or situation, and recent times have shown us just how much. In the wake of COVID-19, …
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Many individuals like to have small businesses of their own instead of working for others. It helps them in being their masters as they have complete control over the products they sell; on the people they hire and on the way they conduct business. But all this does not give them the power to do …
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A recent survey carried out by the Federal Reserve Bank shows the credit environment, business condition, and insurance coverage of small and medium businesses. Of all the affected businesses, the survey put forward that only 4% has not faced any revenue losses, while 61% of companies suffered significant losses. The reality is that majority of …
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The unprecedented apocalypse type of situation that has triggered fears of economic depression has also forced the government to allow extreme fiscal measures. The COVID 19 outbreak has prompted the Reserve Bank of India to announce a moratorium on Term loans for three months from March 1st 2020 till May 31st 2020. The banks have been scrambling …
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India is a powerhouse of resources, a gold mine of opportunities, and a beacon of hope, for every aspiring citizen who wishes to start their own business. Naturally, more and more start-ups and small businesses have emerged over the years, and the number only seems to be on the rise. If your business is one …
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Point of Sales (or POS) transaction refers to the moment where the customer makes the payment against goods or services. This payment process can be completed via any of these mentioned methods, including payment via cash, credit cards, debit cards, mobile payments, loyalty points, and even gift cards. A study revealed that the POS transaction …
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