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Sandeep Soni

Articles By Sandeep Soni

1353 Articles

Coinbase India plan: Acquire startups, hire ‘hundreds’ of employees in 2 yrs, says incoming country head

Coinbase will be “housing some IT services, including engineering, software development, and customer support operations in India” and will “benefit from its huge pool of world-class engineering talent,” the company h

Textile MSMEs see uncertainty in production capacity ahead after recovering to near pre-Covid levels

Ease of Doing Business for MSMEs: As per Udyam Aadhaar Portal, the total textile manufacturing MSMEs registered between September 2015 and June 2020 were 6,51,512 while apparel MSMEs were 4,28,864.

Through a Rs 10,683-crore production-linked incentive (PLI) scheme, India, where cotton fibre dominates the textiles and garment value chain, intends to grab a share in this pie.

Covid: Shortage of oxygen supply for industrial use to impact revenues of SMEs, says Crisil

Ease of Doing Business for MSMEs: Home Secretary Ajay Bhalla on Sunday had asked Chief Secretaries of states and union territories to prohibit oxygen supply meant for industrial use from April 22 except for nine specified ind

oxygen stock

ECLGS: How Modi govt’s Rs 3-lakh-crore credit scheme put Covid-hit MSMEs back on recovery track

Credit and Finance for MSMEs: In March 2021, the government had announced ECLGS 3.0 to cover enterprises in hospitality, travel & tourism, leisure & sporting sectors as well under the scheme and had extended its validity till

millionaire household

Crypto exchange Bitex begins providing cryptocurrency investment disclosure following govt mandate

The government had last month announced the amendments made in schedule III of the Companies Act for exchanges to disclose profit or loss on transactions involving cryptocurrency, amount of currency held, and deposits or adva

Bitcoin, cryptocurrency, Tesla, MasterCard, Paypal, Microstrategy, Cryptocurrency and Regulation of Official Digital Currency Bill, cryptocurrency ban, Ethereum

Y Combinator-backed Cashfree to enable 3 million small merchants on Dukaan’s platform accept e-payments

Technology for MSMEs: India’s payment gateway market is likely to grow to $1.71 billion by 2025 triggered by the rise in e-commerce transactions.

retail sector

Udyam Registration: 26 lakh MSME registrations so far on Modi govt’s new portal not exciting, say experts

Ease of Doing Business for MSMEs: To improve the ease of doing business for MSMEs, the government had launched the Udyam Registration portal in July last year for paperless registration and classification of enterprises based

NBFCs, restructering MSMEs, RBI Governor Shaktikanta Das, restructuring scheme of MSME , FIDC

After blockchain test in space, JPMorgan offers solution to improve global funds transfers between banks

JPMorgan is working with 12 Taiwan banks for testing the use of blockchain technology to improve money transfers between banking institutions globally.

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Govt spent nearly 50% less to buy Covid supplies from MSMEs before second wave via Amazon of govt buying

Ease of Doing Business for MSMEs: The decline in government spending followed the drop in daily new Covid cases in the country from as high as 96,000 as of September 17, 2020, to around 9,000 as of February 15, 2021.

All the contractors in Spiti valley too have been asked to ensure Covid-19 tests for their labourers, he added.

1,000 vacancies for nearly 5 lakh jobseekers: Modi govt’s MSME job portal seems struggling to take off

Skill, Labour, Talent for MSMEs: The total recruiters registered on the platform were 6,080 while 28,746 candidates were placed till April since the portal’s launch, at a rate of around 845 placements per month.

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Covid carnage: Micro retailers see 40% monthly business loss amid fresh restrictions to curb pandemic

Ease of Doing Business for MSMEs: Ever since the second Covid wave struck India post-mid-February and gathered pace last month, state governments have been scrambling with measures to curb the rise in daily cases and stretch

CAIT, MSME sector, Confederation of All India Traders, government removed retail and wholesale traders from the MSME category, Micro Units Development & Refinance Agency Ltd, MUDRA,

PM SVANidhi: 84% sanctioned loans disbursed to street vendors since launch of scheme; SBI top lender

Credit and Finance for MSMEs: Among leading lenders, State Bank of India has led the tally with over 6 lakh loans disbursed. Union Bank of India, Bank of Baroda, Bank of India, and Canara Bank were other top lenders with 2.36

What is Dogecoin, how to buy in India and why the Elon Musk-supported crypto is no more a mere ‘joke’

While Dogecoin’s size is nowhere near Bitcoin, the ‘joke’ currency’s market cap has been catapulted from over $1 billion during early January to $47 billion on Saturday.

India Quotient-backed digital lending platform LoanTap targets Rs 1,000 crore disbursement in FY22

Credit and Finance for MSMEs: LoanTap had a default rate of less than 1 per cent before Covid which inched up to 2 per cent in terms of days past due post-pandemic.

The tenor of loans granted under ECLGS 3.0 would be 6 years ,including a moratorium period of 2 years.

Bitcoin is a bubble for majority fund managers globally: Bank of America survey

Bitcoin has quite exploded over the past 12 months with over 800 per cent jump in price from $6,718 as of April 16, 2020, to over $64,000 on Wednesday amid increased interest from institutions and large investors such as Tesl

bitcoin

Nitin Gadkari: Opportunity for Indian MSMEs as countries look to diversify their supplies out of China

Ease of Doing Business for MSMEs: "With global supply chain undergoing significant restructuring and companies looking to diversify their supply out of china, our MSMEs have a great opportunity of being integrated into these

He said the government was embarking on a plan to raise the village industry’s turnover from Rs 88,000 crore at present to Rs 5 lakh crore in five years.

Amazon announces $250M venture fund focusing on SMEs; aims to bring 1M offline retailers online by 2025

Credit and Finance for MSMEs: Amazon also announced a 'Spotlight North East’ programme to get 50,000 artisans, weavers, and small businesses online from the eight states in the North East region of India by 2025 and also bo

Govt overachieves annual MSE procurement target for third straight year even as YoY growth rate falls

Ease of Doing Business for MSMEs: The number of MSEs benefitting from annual procurement contracted to 1.48 lakh in FY21 from 1.57 lakh in FY20.

Coinbase on Nasdaq: What the landmark listing means for Indian crypto startups, investors, ecosystem

The milestone would also allow crypto bulls to advocate even more affirmatively for digital assets' proliferation. Among the most prominent and largest crypto exchanges, Coinbase was launched in 2012 by Brian Armstrong.

Interview | We want to double MSME loans under SIDBI’s 59-min scheme in 2021: Online PSB Loans’ Jinand Shah

Credit and Finance for MSMEs: "Around 60-65 per cent of sanctioned loan applications belong to MSMEs in the manufacturing and services sectors while trading vertical accounts for another 30-35 per cent."

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MSME jobs: Growth in small businesses’ intent to hire during Q1 FY22 drops amid Covid

Skill, Labour, Talent for MSMEs: The hiring intent among e-commerce and technology startups was high for the current quarter. From 41 per cent in Q4 FY21, the intent jumped to 51 per cent in Q1 FY22.

On a year-on-year basis, there was a notable growth of 25 per cent in hiring in March compared to the same month last year, led by sectors including IT-software, medical/ hospital and retail, the report said.

Stellaris, Omidyar Network, others back SME cashflow management startup Credflow

Credit and Finance for MSMEs: Stellaris Venture Partners had earlier backed startups including Vogo, Mamaearth, and Signzy while Omidyar had invested in enterprises such as Quikr, Dailyhunt, 1mg, Vedantu, Railyatri, Indifi, e

BIS certification: Govt offers 50% concession for micro enterprises, women entrepreneurs, startups

Ease of Doing Business for MSMEs: Existing BIS license holders including micro-enterprises and women entrepreneurs will be given an additional 10 per cent concession.

Delayed-payment cases by small businesses jump nearly 100% in 12 months; resolved cases double

Credit and Finance for MSMEs: The number of resolved delayed-payment cases has more than doubled from 3,145 involving Rs 598 crore to 6,643 involving Rs 1,075 crore.

Reserve Bank of India, RBI, RBI Policy, RBI Monetary Policy Committee, MPC meet, policy rate, Repo rate, UPI, money transfer, digital payment, NEFT, RTGS

Maharashtra: How MSMEs in India’s economic hub are left Covid-ravaged even as they stare at worst phase now

Ease of Doing Business for MSMEs: Maharashtra has been the biggest beneficiary of the Emergency Credit Line Guarantee Scheme (ECLGS) to offer loans to Covid-hit small businesses and other enterprises in the state.

Coronavirus Lockdown 2021 Live News: Maharashtra 'in beginning of second Covid wave'; Pune reports 3,574 cases

Bitcoin bombshell: Crypto king may pole vault to eye popping $400k mark this year with over 6x growth

Elon Musk’s Tesla, which recently bought $1.5 billion Bitcoin, could be an “inflection point” for Bitcoin that may mark a shift towards “risk-off”.

Bitcoin, cryptocurrency, Tesla, MasterCard, Paypal, Microstrategy, Cryptocurrency and Regulation of Official Digital Currency Bill, cryptocurrency ban, Ethereum

ECLGS: Extension of MSME refinancing scheme might add to banks’ exposure to stressed accounts, says Fitch

Credit and Finance for MSMEs: Under ECLGS, banks and non-banking financial companies (NBFCs) had already sanctioned 82 per cent or Rs 2.46 lakh crore of Rs 3 lakh crore corpus as of February 28, 2021.

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