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President's Message
Prime Minister Modi announced 12 key initiatives for MSMEs earlier this month. A few of them are substantive too. One with immediate impact would be of hiking mandatory target for central agencies to procure from MSEs from 20% to 25%. Secondly, all companies with a turnover more than Rs. 500 crore, must now compulsorily come on Trade Receivables e-Discounting System (TReDS). The latter when functional could address working capital problem of large number of MSEs. A few of the announcements, like interest subvention, simplification in labour laws etc are fine but would have little impact. But the biggest announcement, approving loan up to Rs. 1 Crore in 59 min, trivialises the whole exercise somewhat. It is true that MSMEs are starved of funds and they do face enormous hardships in accessing loans. But directing banks to sanction loans in 59 min will result in two outcomes: either nobody would follow the directive and it would remain a paper announcement where bank would handover a chit to loanee with ‘in principle sanction’ with conditions or loans would be disbursed indiscriminately putting large chunks of public money in jeopardy because due diligence is impossible in such a short time. Either way, the loser would MSME sector. What is needed is to see that markets work in a fashion that lending to MSMEs becomes a solid business case. It becomes attractive because for sound economic reason than a directive. The experience of last 50 years of priority sector lending (including to MSME sector) proves directed lending is doomed.
"
Large number of exporters from Micro, Small and Medium Enterprises (MSMEs) sector held a meeting with senior GST officials over their pending refunds due to drawback issue in Integrated Goods and Service Tax (IGST). The meeting was facilitated by Federation of Indian Micro and Small & Medium Enterprises (FISME) in the national capital.
More than 70 exporters were present in the meeting. SK Rahman, Additional Director General, Directorate of GST along with other officials were present in the meeting.
On the vex issue of refund of IGST in cases where exporters ‘erroneously’ opted for higher drawback, Rahman apprised them about a recent CBIC Circular which said “…There is no justification for re-opening the issue at this stage.”
Prime Minister Modi reviewed the spectacular progress of India’s ranking on World Bank’s Ease of Doing Business index during last four years. PM hosted at his residence the agencies and departments that were part of the ongoing exercise coordinated by DIPP, Ministry of Commerce and Industries. FISME was invited and Secretary General FISME met the Prime Minister and thanked him for a special package for MSMEs.
Only 50per cent of businesses make it to their 5th year and a staggering 70per cent fails before they reach their 10-year anniversary. A major milestone that many startups chase is making their first million in revenue or gaining the first million subscribers. This magic number holds a special elusive charm for early-stage companies. So much is to be learned about the new venture before then. After reaching this mark, however, many owners find it easier to reach their next milestone and sustain their company.
The GDP growth controversy is unlikely to die out any time soon. How otherwise do you explain such radically different growth numbers, while doing the back calculation after the new series? Especially as the National Statistical Commission calculations, which had been briefly released by accident and then were hastily withdrawn, had worked out very different growth numbers while doing the back calculation after the new series? Especially as the National Statistical Commission calculations, which had been briefly released by accident and then were hastily withdrawn, had worked out very different growth numbers.
The government has increased the Interest Equalization rate from existing 3 per cent to 5 per cent for the exports made by Micro, Small and Medium Enterprises (MSME) sector manufacturers under the Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit.
The rate has been increased with effect from November 2, 2018.The Reserve Bank of India (RBI) in a circular to all Scheduled Commercial Banks, Small Finance Banks and Primary (Urban) Cooperative Banks informed that, “…it has been decided by the Government of India to increase w.e.f November 2, 2018 Interest Equalization rate from 3% to 5% in respect of exports made by the Micro, Small and Medium Enterprises (MSME) sector manufacturers under the Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit.”
The Commerce Ministry is working with the Finance Ministry to ease flow of credit to the export sector, said Suresh Prabhu, Commerce & Industry Minister.
Interacting with media on the sidelines of a logistics event organized by Federation of Indian Exporters Organization (FIEO), Prabhu said “One big challenge for the export sector is the issue of finance. We have taken it up with the Finance Ministry. Once we have more working capital, in the export field you see more benefits.”
The Prime Minister of India Narendra Modi on Monday launched a Grand Challenge on resolving seven identified Ease of Doing Business (EODB) problems with the use of cutting edge technologies.
The objective of this Challenge is to tap the potential of young Indians, startups and other private enterprises to provide solutions to complex problems using current technology. The Prime Minister apprised CEOs of the efforts being made by the government to ensure that India consistently improves its business environment.
Exporters are facing significant shrinkage in their working capital under the new system which is restricting their ability to take in new orders, said a World Bank Report on Challenges of the Goods and Service Tax (GST) implementation in India.
The report suggested that reducing the cash flow burden on exporters and reducing cases of refunds would require immediate policy interventions.
A Goods and Services Tax in a federal structure by very nature is complex. The GST system in India tries to minimize the complexity by applying a common base and rate across the country. However, the multiple rate structure and an enforcement framework using onerous reporting requirements for businesses places a huge compliance burden on businesses especially SMEs and is having a negative impact on the economy, said the report.
After MSMEs, it is going to be the turn of retailers and traders to be showered with goodies.
A mega package is in the works to be announced soon by the Prime Minister Narendra Modi to assuage the retailers bruised by twin shocks of demonetisation and GST.
Senior Government officials have been in consultation with trade and industry bodies such as FISME and CAIT to work out a policy response to address traders’ top concerns. The package is likely to have an interest subvention scheme and an accidental insurance scheme for retailers. The government may also pick some cost to promote digital payments.
After a nine hour marathon meeting of RBI board, the board advised the Reserve Bank of India (RBI) to consider a scheme for restructuring of stressed standard assets of Micro, Small and Medium Enterprises (MSMEs) borrowers with aggregate credit facilities of up to 250 million, subject to such conditions as are necessary for ensuring financial stability.
The Reserve Bank of India’s (RBI) Central Board met in Mumbai yesterday and discussed the basel regulatory capital framework, a restructuring scheme for stressed MSMEs, bank health under Prompt Corrective Action (PCA) framework and the Economic Capital Framework (ECF) of RBI.
The Reserve Bank of India (RBI) today launched a survey on India’s startup sector (SISS) with an endeavor to create a profile of the startup sector in India and provide dimensions relating to turnover, profitability and workforce.
The SISS would also throw light on the problems faced by the startup sector, said RBI.
The survey schedule is placed in the Bank’s website www.rbi.org.in under the head ‘Forms’ (available in the ‘More Links’ at the bottom of the home page) and sub-head ‘Survey’.
It has also been mailed to all startup entities as per the details made available by the Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce and Industry, Government of India in March 2018.
The two year old, Insolvency and Bankruptcy Code (IBC) has facilitated recovery of stressed assets worth Rs 3 lakh crore from various default cases, said Injeti Srinivas, Secretary, Ministry of Corporate Affairs (MCA).
Speaking to press after an event organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) at the national capital, Srinivas declared that over the last two years, IBC has received around 9,000 cases including the cases that were transferred from the Board for Industrial and Financial Reconstruction (BIFR).
For "failing to comply" with two-year-old directive to improve air quality in Kolkata and Howrah, the National Green Tribunal (NGT) has slapped a fine worth Rs 50 million on the West Bengal Government.
The fine should be paid within two weeks of the order to the Central Pollution Control Board, failing which, the government will have to pay an additional Rs 10 million as fine for every month's delay to the CPCB, said S P Wangdi, Judge, NGT Eastern Zone principal bench and Nagin Nanda, non-judicial member.
Federation of Industries Jammu (FOIJ) has demanded opening of new cross LOC trade routes for industrial sector of Jammu and Kashmir (J&K).
Chairman of FOIJ, Lalit Mahajan, said that it is difficult for MSMEs to sell their products in the neighboring state. If an opportunity is provided to the unit holders to sell their products through cross LOC trade, it will boost the confidence of the industrial units and overall economic development of the state, he said.
Mahajan also appreciated the steps taken by the previous state government to explore the market avenues by opening the new routes for cross LOC trade for the Industrial Sector of J&K.
Gujarat government signed MoU with two esteemed textile and apparel associations, Clothing Manufacturers Association of India (CMAI) and Intimate Apparel Association of India (IAAI) to provide support to the keen investors.
The MoU were signed in the presence of Chief Minister Vijay Rupani during a roadshow for the investment summit, ‘Vibrant Gujarat 2019’ to promote garment and apparel sectors in the state. The ninth summit is being held from January 18-20, 2019, in Gandhinagar.
“We are expecting good response this year. We expect delegates from 110 countries this year,” Rupani told reporters after the event.
Chief Minister of Andhra Pradesh N Chandrababu Naidu announced the construction of Autonagar and Micro and Small Medium Enterprises (MSME) Park at Challapalli in Krishna district.
The Autonagar will be constructed by APIIC in 10 acres and MSME park in 15 acres of land, he mentioned.
Addressing a public meeting at Challapalli, Naidu underlined the need to promote agro-based industries in the delta region.
The per capita income of Avanigadda mandal is Rs.2.09 lakh against the average per capital income of Krishna district of Rs 1.89 lakh, he said.
The Directorate General of Foreign Trade (DGFT) has granted the export excellence tag to Bhadohi district of Uttar Pradesh which is known by the name Carpet city.
In a recent notification, DGFT said “The town of Bhadohi in Uttar Pradesh has been notified as a ‘Town of Export Excellence’ for the product category ‘Carpets and other floor Coverings’.” Appreciating the DGFT's decision of notifying the Bhadohi district as a town of excellence, Vivek Baranwal, General Secretary of Eastern UP Exporters Association told KNN India, “With the declaration of town of excellence, we should be able to get better access to the funding for the infrastructure projects.”
In a bid to avoid double taxation and prevent fiscal evasion with respect to taxes on income, India and China have amended the Double Taxation Avoidance Agreement (DTAA).
Both the governments signed the protocol on November 26, 2018. Besides other changes, the protocol updates the existing provisions for exchange of information to the latest international standards.
Further, the protocol incorporates changes required to implement treaty related minimum standards under the Action reports of Base Erosion and Profit shifting (BEPS) Project, in which India had participated on an equal footing.
India and Australia on Thursday m signed five agreements to boost education and business partnership marking President Ram Nath Kovinds ongoing visit.
The President held talks with Governor-General Peter Cosgrove and Prime Minister Scott Morrison; was accorded a ceremonial reception and hosted at a luncheon banquet by the Governor-General at Admiralty House; and unveiled, along with the Australian Prime Minister, a statue of Mahatma Gandhi at the Jubilee Park in Parramatta, near Sydney.
India has signed a protocol with Kyrgyz on Trade, Economic, Scientific and Technological Cooperation at the 9th Session of the India-Kyrgyz Inter-Governmental Commission on Trade, Economic, Scientific and Technological Cooperation (IK-IGC) that was held in New Delhi.
The IK-IGC was co-chaired by Suresh Prabhu, Union Minister for Commerce & Industry and Civil Aviation, and Kosmosbek Cholponbaev, Minister of Health, Government of the Kyrgyz Republic.
As India's retail inflation eases to 3.31% in Oct, industrial output marginally rose to 4.5% in September. Do you think that the economy is coming back to the track?
As India's retail inflation eases to 3.31% in Oct, industrial output marginally rose to 4.5% in September. According to FISME factor 100 per cent of MSMEs think that the economy is coming back to the track.
Seven ways to ensure strong work relationship with employees
The relationship between an organisation and an employee is critical to business success. While organisations invest generously in engaging their people focusing on individual motivators and interests, it is also extremely crucial to foster and maintain a strong work relationship with employees.
Raising capital: A checklist for new entrepreneurs
Raising capital is very time consuming for the management team, and it always takes longer than expected for the money to hit your account.
Ideas need capital; even companies that bootstrap eventually need to raise capital in some form sooner or later. There are few things an entrepreneur should be prepared with before raising capital or facing an investor.
In today’s world, there is a lot more awareness about the importance of brands as a subject. Businesses better understand that a great brand name creates trust in the market and attracts customers. But many people have thought about building brands through superficial methods, such as attractive logos, beautiful websites, the design of stores, uniform for the staff, social media marketing, advertising campaigns, and so on. Brand creation is beyond all these things.
Govt 's CGTMSE scheme failed to provide relief to MSMEs
Micro, Small and Medium Enterprises (MSMEs) in India are in worst position and one of the main reasons for this is high lending rates by banks. The government schemes such as Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) are failed in this regard, said Badish Jindal, President of Federation of Punjab Small Industries Association (FOPSIA).
Three former IIT-Madras students launch India’s first indigenous smart air purifier
Air pollution is a silent killer claiming one percent of the world’s population every year. A report by The Lancet Commission ranked India - with 2.51 million deaths – number 1 in pollution-related deaths, in 2015. And it isn’t just the national capital where the situation is alarming. Of the 10 most polluted cities in the world, six are in India.
Mobile gone bust? Now get it fixed at home through Mobigarage
It always happens when you least expect it to. It goes blank. Sometimes, it just hangs. Or loses a part. And brings your life to a standstill. We are talking injuries here but of a different kind. Today, a problem with your smartphone can “immobilise” your life in different ways.
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released a Press Note on National Accounts Statistics Back-Series 2004-05 to 2011-12 Base 2011-12.
FISME regularly receives monthly reports on the economies of various countries from their missions in India. These reports provide information on key economic parameters, trade related information and all news relevant for importers and exporters. In this edition you can take a look at reports on:
Write your comments on the FISME Factor. Share your views and suggestions on MSME issues. Win prize! The best mail will get a special book every fortnight.
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Prime Minister Modi announced 12 key initiatives for MSMEs earlier this month. A few of them are substantive too. One with immediate impact would be of hiking mandatory target for central agencies to procure from MSEs from 20% to 25%. Secondly, all companies with a turnover more than Rs. 500 crore, must now compulsorily come on Trade Receivables e-Discounting System (TReDS). The latter when functional could address working capital problem of large number of MSEs. A few of the announcements, like interest subvention, simplification in labour laws etc are fine but would have little impact. But the biggest announcement, approving loan up to Rs. 1 Crore in 59 min, trivialises the whole exercise somewhat. It is true that MSMEs are starved of funds and they do face enormous hardships in accessing loans. But directing banks to sanction loans in 59 min will result in two outcomes: either nobody would follow the directive and it would remain a paper announcement where bank would handover a chit to loanee with ‘in principle sanction’ with conditions or loans would be disbursed indiscriminately putting large chunks of public money in jeopardy because due diligence is impossible in such a short time. Either way, the loser would MSME sector. What is needed is to see that markets work in a fashion that lending to MSMEs becomes a solid business case. It becomes attractive because for sound economic reason than a directive. The experience of last 50 years of priority sector lending (including to MSME sector) proves directed lending is doomed.
"
Large number of exporters from Micro, Small and Medium Enterprises (MSMEs) sector held a meeting with senior GST officials over their pending refunds due to drawback issue in Integrated Goods and Service Tax (IGST). The meeting was facilitated by Federation of Indian Micro and Small & Medium Enterprises (FISME) in the national capital.
More than 70 exporters were present in the meeting. SK Rahman, Additional Director General, Directorate of GST along with other officials were present in the meeting.
On the vex issue of refund of IGST in cases where exporters ‘erroneously’ opted for higher drawback, Rahman apprised them about a recent CBIC Circular which said “…There is no justification for re-opening the issue at this stage.”
Prime Minister Modi reviewed the spectacular progress of India’s ranking on World Bank’s Ease of Doing Business index during last four years. PM hosted at his residence the agencies and departments that were part of the ongoing exercise coordinated by DIPP, Ministry of Commerce and Industries. FISME was invited and Secretary General FISME met the Prime Minister and thanked him for a special package for MSMEs.
Only 50per cent of businesses make it to their 5th year and a staggering 70per cent fails before they reach their 10-year anniversary. A major milestone that many startups chase is making their first million in revenue or gaining the first million subscribers. This magic number holds a special elusive charm for early-stage companies. So much is to be learned about the new venture before then. After reaching this mark, however, many owners find it easier to reach their next milestone and sustain their company.
The government has increased the Interest Equalization rate from existing 3 per cent to 5 per cent for the exports made by Micro, Small and Medium Enterprises (MSME) sector manufacturers under the Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit.
The rate has been increased with effect from November 2, 2018.The Reserve Bank of India (RBI) in a circular to all Scheduled Commercial Banks, Small Finance Banks and Primary (Urban) Cooperative Banks informed that, “…it has been decided by the Government of India to increase w.e.f November 2, 2018 Interest Equalization rate from 3% to 5% in respect of exports made by the Micro, Small and Medium Enterprises (MSME) sector manufacturers under the Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit.”
The Commerce Ministry is working with the Finance Ministry to ease flow of credit to the export sector, said Suresh Prabhu, Commerce & Industry Minister.
Interacting with media on the sidelines of a logistics event organized by Federation of Indian Exporters Organization (FIEO), Prabhu said “One big challenge for the export sector is the issue of finance. We have taken it up with the Finance Ministry. Once we have more working capital, in the export field you see more benefits.”
The Prime Minister of India Narendra Modi on Monday launched a Grand Challenge on resolving seven identified Ease of Doing Business (EODB) problems with the use of cutting edge technologies.
The objective of this Challenge is to tap the potential of young Indians, startups and other private enterprises to provide solutions to complex problems using current technology. The Prime Minister apprised CEOs of the efforts being made by the government to ensure that India consistently improves its business environment.
Exporters are facing significant shrinkage in their working capital under the new system which is restricting their ability to take in new orders, said a World Bank Report on Challenges of the Goods and Service Tax (GST) implementation in India.
The report suggested that reducing the cash flow burden on exporters and reducing cases of refunds would require immediate policy interventions.
A Goods and Services Tax in a federal structure by very nature is complex. The GST system in India tries to minimize the complexity by applying a common base and rate across the country. However, the multiple rate structure and an enforcement framework using onerous reporting requirements for businesses places a huge compliance burden on businesses especially SMEs and is having a negative impact on the economy, said the report.
After MSMEs, it is going to be the turn of retailers and traders to be showered with goodies.
A mega package is in the works to be announced soon by the Prime Minister Narendra Modi to assuage the retailers bruised by twin shocks of demonetisation and GST.
Senior Government officials have been in consultation with trade and industry bodies such as FISME and CAIT to work out a policy response to address traders’ top concerns. The package is likely to have an interest subvention scheme and an accidental insurance scheme for retailers. The government may also pick some cost to promote digital payments.
After a nine hour marathon meeting of RBI board, the board advised the Reserve Bank of India (RBI) to consider a scheme for restructuring of stressed standard assets of Micro, Small and Medium Enterprises (MSMEs) borrowers with aggregate credit facilities of up to 250 million, subject to such conditions as are necessary for ensuring financial stability.
The Reserve Bank of India’s (RBI) Central Board met in Mumbai yesterday and discussed the basel regulatory capital framework, a restructuring scheme for stressed MSMEs, bank health under Prompt Corrective Action (PCA) framework and the Economic Capital Framework (ECF) of RBI.
The Reserve Bank of India (RBI) today launched a survey on India’s startup sector (SISS) with an endeavor to create a profile of the startup sector in India and provide dimensions relating to turnover, profitability and workforce.
The SISS would also throw light on the problems faced by the startup sector, said RBI.
The survey schedule is placed in the Bank’s website www.rbi.org.in under the head ‘Forms’ (available in the ‘More Links’ at the bottom of the home page) and sub-head ‘Survey’.
It has also been mailed to all startup entities as per the details made available by the Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce and Industry, Government of India in March 2018.
The two year old, Insolvency and Bankruptcy Code (IBC) has facilitated recovery of stressed assets worth Rs 3 lakh crore from various default cases, said Injeti Srinivas, Secretary, Ministry of Corporate Affairs (MCA).
Speaking to press after an event organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) at the national capital, Srinivas declared that over the last two years, IBC has received around 9,000 cases including the cases that were transferred from the Board for Industrial and Financial Reconstruction (BIFR).
For "failing to comply" with two-year-old directive to improve air quality in Kolkata and Howrah, the National Green Tribunal (NGT) has slapped a fine worth Rs 50 million on the West Bengal Government.
The fine should be paid within two weeks of the order to the Central Pollution Control Board, failing which, the government will have to pay an additional Rs 10 million as fine for every month's delay to the CPCB, said S P Wangdi, Judge, NGT Eastern Zone principal bench and Nagin Nanda, non-judicial member.
Federation of Industries Jammu (FOIJ) has demanded opening of new cross LOC trade routes for industrial sector of Jammu and Kashmir (J&K).
Chairman of FOIJ, Lalit Mahajan, said that it is difficult for MSMEs to sell their products in the neighboring state. If an opportunity is provided to the unit holders to sell their products through cross LOC trade, it will boost the confidence of the industrial units and overall economic development of the state, he said.
Mahajan also appreciated the steps taken by the previous state government to explore the market avenues by opening the new routes for cross LOC trade for the Industrial Sector of J&K.
Gujarat government signed MoU with two esteemed textile and apparel associations, Clothing Manufacturers Association of India (CMAI) and Intimate Apparel Association of India (IAAI) to provide support to the keen investors.
The MoU were signed in the presence of Chief Minister Vijay Rupani during a roadshow for the investment summit, ‘Vibrant Gujarat 2019’ to promote garment and apparel sectors in the state. The ninth summit is being held from January 18-20, 2019, in Gandhinagar.
“We are expecting good response this year. We expect delegates from 110 countries this year,” Rupani told reporters after the event.
Chief Minister of Andhra Pradesh N Chandrababu Naidu announced the construction of Autonagar and Micro and Small Medium Enterprises (MSME) Park at Challapalli in Krishna district.
The Autonagar will be constructed by APIIC in 10 acres and MSME park in 15 acres of land, he mentioned.
Addressing a public meeting at Challapalli, Naidu underlined the need to promote agro-based industries in the delta region.
The per capita income of Avanigadda mandal is Rs.2.09 lakh against the average per capital income of Krishna district of Rs 1.89 lakh, he said.
The Directorate General of Foreign Trade (DGFT) has granted the export excellence tag to Bhadohi district of Uttar Pradesh which is known by the name Carpet city.
In a recent notification, DGFT said “The town of Bhadohi in Uttar Pradesh has been notified as a ‘Town of Export Excellence’ for the product category ‘Carpets and other floor Coverings’.” Appreciating the DGFT's decision of notifying the Bhadohi district as a town of excellence, Vivek Baranwal, General Secretary of Eastern UP Exporters Association told KNN India, “With the declaration of town of excellence, we should be able to get better access to the funding for the infrastructure projects.”
In a bid to avoid double taxation and prevent fiscal evasion with respect to taxes on income, India and China have amended the Double Taxation Avoidance Agreement (DTAA).
Both the governments signed the protocol on November 26, 2018. Besides other changes, the protocol updates the existing provisions for exchange of information to the latest international standards.
Further, the protocol incorporates changes required to implement treaty related minimum standards under the Action reports of Base Erosion and Profit shifting (BEPS) Project, in which India had participated on an equal footing.
India and Australia on Thursday m signed five agreements to boost education and business partnership marking President Ram Nath Kovinds ongoing visit.
The President held talks with Governor-General Peter Cosgrove and Prime Minister Scott Morrison; was accorded a ceremonial reception and hosted at a luncheon banquet by the Governor-General at Admiralty House; and unveiled, along with the Australian Prime Minister, a statue of Mahatma Gandhi at the Jubilee Park in Parramatta, near Sydney.
India has signed a protocol with Kyrgyz on Trade, Economic, Scientific and Technological Cooperation at the 9th Session of the India-Kyrgyz Inter-Governmental Commission on Trade, Economic, Scientific and Technological Cooperation (IK-IGC) that was held in New Delhi.
The IK-IGC was co-chaired by Suresh Prabhu, Union Minister for Commerce & Industry and Civil Aviation, and Kosmosbek Cholponbaev, Minister of Health, Government of the Kyrgyz Republic.
As India's retail inflation eases to 3.31% in Oct, industrial output marginally rose to 4.5% in September. According to FISME factor 100 per cent of MSMEs think that the economy is coming back to the track. 
The relationship between an organisation and an employee is critical to business success. While organisations invest generously in engaging their people focusing on individual motivators and interests, it is also extremely crucial to foster and maintain a strong work relationship with employees.
Raising capital is very time consuming for the management team, and it always takes longer than expected for the money to hit your account.
Ideas need capital; even companies that bootstrap eventually need to raise capital in some form sooner or later. There are few things an entrepreneur should be prepared with before raising capital or facing an investor.
In today’s world, there is a lot more awareness about the importance of brands as a subject. Businesses better understand that a great brand name creates trust in the market and attracts customers. But many people have thought about building brands through superficial methods, such as attractive logos, beautiful websites, the design of stores, uniform for the staff, social media marketing, advertising campaigns, and so on. Brand creation is beyond all these things.
Micro, Small and Medium Enterprises (MSMEs) in India are in worst position and one of the main reasons for this is high lending rates by banks. The government schemes such as Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) are failed in this regard, said Badish Jindal, President of Federation of Punjab Small Industries Association (FOPSIA).
Air pollution is a silent killer claiming one percent of the world’s population every year. A report by The Lancet Commission ranked India - with 2.51 million deaths – number 1 in pollution-related deaths, in 2015. And it isn’t just the national capital where the situation is alarming. Of the 10 most polluted cities in the world, six are in India.
It always happens when you least expect it to. It goes blank. Sometimes, it just hangs. Or loses a part. And brings your life to a standstill. We are talking injuries here but of a different kind. Today, a problem with your smartphone can “immobilise” your life in different ways.
“
If you want excellence, you must aim at perfection. It has its drawbacks but being finicky is essential.
”
