Page 17 - Indian Micro News Today : Breaking News, Live Updates & Top Stories | Vimarsana

UPDATED: January 17, 2021 17:29 IST In the hot seat: Finance Minister Nirmala Sitharaman at a press conference in November 2020 (Photo: Getty Images) When Finance Minister Nirmala Sitharaman presents Budget 2021 on February 1, the circumstances that she will do so in will be, without doubt, exceptional. The Covid-19 lockdown last year was an economic earthquake of sorts, comparable to the global financial crisis sparked off by the collapse of Lehman Brothers in September 2008. D.K. Joshi, chief economist at Crisil, says, "No other budget compares as closely to the upcoming one as the one that...

As a result of the COVID-19 pandemic-induced lockdown, the MSME sector has been facing a massive liquidity and supply crunch, shortage of labour and non-payment of dues.

Synopsis The FISME has also urged that offline and online sellers should be treated at par in GST to enable smaller MSMEs leverage ecommerce. In the picture: Finance minister Nirmala Sitharaman New Delhi: Companies in the micro and small and medium enterprises sector have sought easing of banking sector norms — Basel norms in particular — to facilitate lending to units that have been affected by Covid-19. Basel norms are international banking regulations issued by the Basel Committee on Banking Supervision (BCBS) to fortify the banking system. As part of its budget recommendations to th...