Sandeep Soni

Articles By Sandeep Soni

1653 Articles

Mastercard partners with Mswipe, Samhita-CGF to get 1 lakh micro merchants into digital economy

Technology for MSMEs: Mastercard intends to bring 50 million micro and small businesses worldwide into the digital economy by 2025.

Delayed payments: Pending MSME dues cleared grow nearly three-fold since December 2020

Credit and Finance for MSMEs: Even as the government has been urging ministries, PSUs, others to clear MSME dues within 45 days, it can’t force them to clear payments, former MoS Finance Anurag Thakur had told Parliament la

Mudra NPAs: Bad loans in FY21 jumped 30% in value; nearly doubled from FY19

Credit and Finance for MSMEs: 5.07 crore loans involving Rs 3.21 lakh crore were sanctioned in FY21, of which Rs 3.11 lakh crore loan amount was disbursed in comparison to 6.22 crore loans sanctioned in FY20.

Champions portal: MSME grievances resolved jump 2X in over 12 months

Ease of Doing Business for MSMEs: Apart from registering their grievances, MSMEs can offer suggestions and ideas to the government, check government schemes offered to MSMEs, file applications for delayed payments, and more.

Narayan Rane: No data on MSME job losses during Covid because of this reason

Skill, labour, and talent for MSMEs: The MSME Ministry had earlier this month invited bids from government organisations, institutions, and enterprises for “conducting a two-month study on assessment of sick or closed MSMEs

RBI NPA recognition norms: MSME loans by NBFCs will be one of the most impacted segments, says Crisil

Credit and Finance for MSMEs: The RBI had recently changed the NPA recognition norms to a daily due-date basis instead of the month-end. NBFCs usually increase collection activity between the due date and the month-end, and a

Nirmala Sitharaman: No proposal to recognise Bitcoin as currency; govt doesn’t collect BTC data

MoS Finance Pankaj Chaudhary said that a proposal from the RBI was received in October 2021 for the amendment to the Reserve Bank of India Act, 1934 to enhance the scope of the definition of ‘bank note’ to include currenc

Singapore crypto exchange Coinstore enters India amid govt seeking to ban private cryptocurrencies

Coinstore's $120-million fund, which is allocated for India expansion, will be deployed towards marketing, hiring, and development of crypto-related products and services for the Indian market.

Tirupur apparel cluster to observe one-day closure of businesses, hunger strike over yarn price rise

Ease of Doing Business for MSMEs: Prices for 40s violet label cotton grey yarn have jumped from Rs 242 per kg in November 2019 and Rs 244 per kg in November last year to Rs 374 per kg in November this year, as per the Tirupur

Bitcoin, Ethereum, other cryptos recover from over 20% drop after govt’s plan to ban private cryptos

The government on Tuesday had listed the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 to be introduced during the Winter Session of the Parliament noting that the bill seeks to prohibit all private cr

Niti Aayog moots full-stack Digital Banks in India to bridge MSME credit gap; releases discussion paper

Credit and Finance for MSMEs: While neo banks are also a potentially effective channel to achieve social goals like empowering the hitherto under-banked small businesses and enhancing trust among retail consumers, they have f

Indian crypto exchanges’ trading volume see triple-digit growth as govt lists bill to ban private cryptos

From an average 24-hour trading volume growth of under 15-20 per cent, most of the Indian exchanges including Unocoin, Zebpay, CoinDCX, and WazirX saw growth in triple digits.

300% jump in microfinance loans by value disbursed during April-June quarter from year-ago: Report

Credit and Finance for MSMEs: Banks and non-banking financial companies (NBFCs) had contributed over 75 per cent to the portfolio outstanding.

Crypto Bill to be introduced in Winter Session; seeks to prohibit private coins with ‘certain exceptions’

The bill would seek “To create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India,” according to the legislative agenda released on Tuesday for the upcoming se

With over $150 million crypto investments last week, investors seemingly unfazed by price correction

Inflows into altcoins last week were led by Ethereum with $12.6 million followed by $8.5 million into Solana, and $5 million into Polkadot.

Uniform 12% GST on MMF textiles doesn’t address cost challenge for entire MMF sector, say experts

Ease of Doing Business for MSMEs: The Ministry of Textiles said that the new tax rate, which would come into effect from January 1, 2022, “will help the MMF segment grow and emerge as a big job provider in the country."

GeM: Amazon of public procurement crosses whopping 30-lakh-seller milestone, thanks to Udyam portal

Ease of Doing Business for MSMEs: GeM was launched in August 2016 to make government procurement process transparent and faster. The portal is the largest e-commerce marketplace in the country in terms of seller count.

Amid global crypto fall, this altcoin jumped over 50% in mcap to surpass Shiba Inu

The market cap was up from around $20 billion to $30.34 billion on Sunday afternoon, making it the 11th largest crypto in the world and surpassing Shiba Inu’s $25.4 billion mcap.

Women’s Entrepreneurship Day: Why only 20% of India’s over 6 crore MSMEs are led by women?

Ease of Doing Business for MSMEs: According to IFC, the financing gap is largest for the women-owned ‘very small enterprises’ (WVSE) segment in India, which banks and microfinance institutions have been unable to address.

Digital payments: What tokenisation solution has in store for India’s vast base of merchants, retailers

Technology for MSMEs: Card tokenisation forayed into India with Samsung's launch of its Samsung Pay service, which had tokenisation as one of its security layers, back in March 2017 for its device customers to make payments a

Bitcoin slips below $60,000 after record surge; Ethereum, other altcoins also see double-digit drop

All other top altcoins as well including Binance Coin, Solana, Cardano, XRP, Polkadot, Dogecoin, and Shiba Inu have recorded a double-digit decline except USD Coin and Tether.

Logistics startup Freightwalla launches AI-backed cargo tracker for MSMEs amid global container crisis

Logistics for MSMEs: Limited visibility into the movement of goods, making shipment tracking cumbersome and time-consuming has pushed managers and cargo owners to consolidate data from different sources through process-intens

MSMEs in pharma: Why revenue growth for the sector in FY22 may dip despite Covid vaccine opportunity

Ease of Doing Business for MSMEs: Before pausing Covid vaccine exports in April to meet domestic requirements, India had exported close to 66 million doses under the Vaccine Maitri Programme to 95 countries.

Crypto inflows surge to record $9 billion in 2021 so far; total AUM crosses $80 billion

Among all digital assets, Bitcoin recorded the majority of inflows $98 million, pushing its AUM to a record $56 billion. The YTD Bitcoin inflows stood at $6.5 billion.

NBFC NPAs: What impact asset classification norms by RBI will have on bad loans in MSME, other segments

Credit and Finance for MSMEs: As per RBI, loan accounts can be upgraded to ‘standard from NPA only if all the arrears of interest and principal are paid by the borrower. This, RBI said is to avoid any ambiguity as "some len

Parliamentary panel meet on crypto: Consensus emerges on regulating cryptocurrency in India

In March 2020, the Supreme Court had quashed the April 2018 circular by RBI that banned banks and financial institutions from providing services related to cryptocurrencies.

Explained: What does India’s coal shortage mean for MSMEs recovering from Covid impact

Ease of Doing Business for MSMEs: India had reduced the import of non-coking coal, which is used as thermal coal for power generation, during the first five months of FY22 by around 16.09 per cent as it looked to ramp up dome

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