Page 3 of Payments News: Payments Latest News, Payments Today news, Payments Breaking News

nirmala sitharman, budget 2024, union budget 2024, finance minister, narendra modi, modi 3.0, delayed payments, section 43b, income tax act, funding, credit, wtc mumbai, clix capital, aavishkaar capital hdfc bank

Budget 2024: Credit, skilling, 45-day payment rule, NPA norms among key asks from MSME sector

The budget, to be presented on July 23 by Finance Minister Nirmala Sitharaman, is expected to address the issue of…

July 12, 2024 18:15 IST

MSME 45-day payment rule, delayed payment to MSMEs, MSME buyers, MSME suppliers, Nirmala Sitharaman, Section 43B, Income tax act, budget 2024, finance act, gross domestic product, GDP, exports, Udyam registration, goods and services

Govt may ease requirement for large buyers to pay MSMEs within 45 days in Budget: Report

MSMEs fear that due to this provision, large buyers could cold-shoulder MSME suppliers and start buying either from those MSMEs…

July 10, 2024 11:35 IST

Global economic trends, including weaker data from the U.S. and rate cuts by major central banks, suggest a more dovish global stance.

Aurionpro Payments gets final RBI nod to operate as online payment aggregator

Aurionpro Payments, a subsidiary of the technology solutions company Aurionpro said the payment aggregator license will help the company towards…

June 13, 2024 17:19 IST

MSME 45-day payment rule: Traders to urge new NDA govt for up to 180-day time limit

Currently, traders including wholesale and retail traders are limited to raising bank credit under priority sector lending norms and hence…

June 7, 2024 19:13 IST

Mahindra & Mahindra Financial Services, business update, disbursement, business assets, Collection Efficiency, balance sheet, liquidity position

MSME 45-day payment rule: Challenges and way out for consumer tech companies

Implementation of new payment processes to comply with the 45-day MSME payment rule may require consumer tech companies to update…

June 2, 2024 12:08 IST

OCEN: Lessons from similar initiatives worldwide

Small businesses face many challenges in securing finances from institutions. While MSMEs provide over 30% of GDP growth .

May 31, 2024 15:17 IST

45 day payment rule, income tax, section 43b, msme ministry, nirmala sitharaman, finance minister, delay payments, working capital

FM Sitharaman: Will go back to original rule if MSMEs okay with delay in payments beyond 45 days

FM Nirmala Sitharaman said the changes, if any, to the rule will have to be done in the full budget…

May 29, 2024 12:43 IST

delayed payments, samadhaan portal, msme dashboard, msme dues, small business dues, unpaid dues of msmes, finance ministry, q1 delayed payments

MSME delayed payment: Check updated online process to file application against your buyer

According to the delayed payment monitoring portal by the government MSME Samadhaan, 1.89 lakh delayed payment applications have been filed…

May 13, 2024 16:36 IST

section 43b, income tax act, 45 day msme payment rule, cess, fund, traders, textile, exporters

Section 43B of Income Tax Act: Expenses businesses can cover apart from payment to MSMEs

Other than clause h, there are seven other clauses — a list of expenses allowed as deductions under the heading…

May 10, 2024 12:33 IST

section 43b(h), delayed payment, msme dues, Federation of All India Vyapar Mandal, Madras Merchants, Manufacturers Association, and the Confederation of West Bengal Trade Associations, msme payments, cait, 45 day payment rule, supreme court, high court, income tax act, msme ministry, budget

Traders to likely move High Court next week after SC refused plea against 45-day MSME payment rule

Traders currently can apply for Udyam registration under the MSME Ministry to only seek bank credit under priority sector lending…

May 7, 2024 17:59 IST

open financial technologies, open neobank, msmes, sap, razorpay, reserve bank of india, rbi, payment aggregator, tally, hdfc bank, axis bank, credit, nbfc, banks

MSME neobank Open eyes profitability in a year and a half: Interview | CEO Anish Achuthan

“When you look at the larger market with 61-70 million MSMEs, which includes a lot of long-tailed businesses, even if…

May 6, 2024 19:48 IST

RBI, financial fraud, KYC, due diligence, POS business, cyber risks, financial institutions, cyber security, regulatory changes

License regime incoming: RBI likely to bring enhanced KYC, due diligence procedures for POS players

According to media reports, the finance ministry has made a case for an enhanced KYC procedure and extensive due diligence…

April 15, 2024 12:08 IST

UPI dominance: UPI transactions posts 56% YoY volume growth in H2 2023, buoyed by expansion in mobile transactions

Ramesh Narasimhan, Chief Executive Officer – India, Worldline, said, “The year 2023 witnessed some significant milestones in the payments ecosystem.…

April 3, 2024 15:56 IST

section 43b (h), income tax act, delayed payments, IT act, budget, msme dues, deductions, expenses

45-day MSME payment rule effective from today: How buyers will be taxed on delayed payments

The government in last year’s budget had proposed an amendment to Section 43B of the Income Tax Act to insert…

March 29, 2024 16:12 IST

The value of wage: A shift in floor pay mechanism may improve worker protection, but we need higher labour productivity

What is needed to correct the poor wages and rising inequality is a policy mix that would simultaneously spur economic…

March 29, 2024 05:00 IST

Paytm, Paytm Payments Bank, regulatory scrutiny, RBI, revenue decline, business transition, customers, merchants, margin, GMV growth, NPCI, financial business, lending segment, EBITDA losses

Paytm’s FY25E revenue likely to decline by 24%; company to lose customers, 15-20% merchants to competitors

Motilal Oswal Financial Services estimated that Paytm’s FY25E revenue is expected to decline by 24 per cent. “We remain watchful…

March 25, 2024 15:05 IST

In June 2023, RCap lenders approved the resolution plan submitted by Mauritius-registered IIHL.

MSME delayed payments: Amount pending for settlement crosses Rs 20,000 crore

The portal has received 1.80 lakh applications so far involving Rs 41,804 crore, of which only 34,991 cases involving Rs…

March 22, 2024 13:58 IST

section 43b, income tax act, finance act, msmes, buyers, finance ministry, cmai, clothing manufacturers, cait, traders, delayed payments, iamsmeofindia, nirmala sitharaman

Section 43B(h): Is Finance Ministry revising the new rule for payment to MSMEs within 45 days?

The clause, to be effective from April 1, 2024, disallows expenses to buyers on invoices from micro and small enterprises…

February 29, 2024 12:47 IST

Page 3 of Payments

Related News

Photo Gallery

First Look | India’s first Vande Bharat sleeper train unveiled

Trending Topics