I FEEL ECONOMY ACTIVITY WILL BE SLOW AFTER LOCK DOWN. THEN ECONOMY WILL START WITH 30% OF CAPACITY. TO REACH TO 50% DURING THIS YEAR I FEEL SOME OF THE STEPS REQUIRED FOR ECONOMIC ACTIVITY AFTER LOCK DOWN TO ENSURE NO UNIT IS CLOSED ITS OPERATIONS, EVERY UNIT PERFORMS, PROFITABLE, SURVIVED, REVIVED:- MORITORIUM FOR LOAN […]
Read MoreIt is noticed that many of Financial Institutions like Banks, Financial Corporations are resorting to attachments and sale of assets of the Industry, Commercial Organizations and Personal properties of the borrowers, guarantors. This act is totally stopping the Industrial, Commercial activity of the Commercial Organization. The Bank, Financial Institution will not get any amount of […]
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WE THE ASSOCIATION WORKING FOR INCEPIENT SICK ‘MSME’ UNITS EXPECT THE FOLLOWING FROM THE BANKS BEFORE INITIATING RECOVERY PROCEEDINGS: GOVERNMENT INCENTIVES: CONSIDER AS INCENTIVES DECLARED, ASSURED BY THE CENTRAL, STATE GFOVERNMENTS AS SECURED RECOVERY FOR CALACULATIO OF ‘NPA’ . RE SCHEDULEMENT OF LOANS: MANY OF THE LOANS GIVEN TO ‘MSME’ UNITS ARE FULLY SECURED BY […]
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MANY OF THE ‘MIDDLCE CLASS’ INDIANS HAVE THE HABIT OF SAVINGS TO MEET THEIR, SUCCESSORS’ FUTURE NEEDS, SINCE WE ARE LIVING UNDER UNSECURE FUTURE CIRCUMSTANCES. THEY WOULD LIKE TO KEEP THEIR SAVINGS IN LIQUID FORM OF CASH, RISK FREE DEPOSITS WITH POSTAL DEPARTMENT, BANKS, FINANCIAL INSITUTIONS SO THAT THEY CAN MEET THEIR NEEDS ON TIME […]
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