MSME growth

MSME segment will continue to grow by 15%; expect lower NPA by year-end, says Capri Global MD

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MSME segment will continue to grow by 15%; expect lower NPA by year-end, says Capri Global MD

Rajesh Sharma, MD, Capri Global Capital Limited, says they have done some restructuring of the loan during the COVID time because as per the RBI circular, some of the customers have opted for the restructuring option available to them. When the restructuring book opened as a normal book, once the restructuring is over, some of … Read more

New income tax provision mandating 45-day payments hurts MSMEs: Will Union Budget 2024-25 offer relief?

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New income tax provision mandating 45-day payments hurts MSMEs: Will Union Budget 2024-25 offer relief?

Sometimes the most helpful of things can have an unintentional fallout. Take the 45-day payment rule for MSMEs for instance. With preparation underway for the Union Budget 2024-25, finance ministry officials are trying to understand the unintended impact of the new provision under the Income Tax Act that mandates payments to micro, small and medium … Read more