Articles published in The Times of India and The Economic Times, Mumbai Edition, e-paper.
Dear all,
Your association SIMA is forwarding herewith Articles published in The Times of India and The Economic Times, Mumbai Edition dated 09.12.2019.
1. Govt to push MSME-made goods through e-tailers: Times of India, Mumbai Edition.
(Plans Fee-Based Tie-Up With Likes Of Amazon, Flipkart)
The government plans fee-based arrangements with marketplaces such as Amazon and Flipkart for pushing goods produced by micro, small and medium enterprises (MSMEs) while eyeing a tie-up with a financial sector entity to boost business-to-business (B2B) sales by small enterprises.
The moves signal that the MSME ministry may have given up plans to set up its platform, which is seen to be unviable. Soon after Nitin Gadkari took charge, the ministry had approached government e-marketplace (GeM), the public procurement platform to set it up...To read the full Article PLEASE CLICK HERE.
2. Save Less, Spend More is New Social Security Mantra: The Economic Times Mumbai Edition.
(New Bill gives employees option to reduce their PF contribution, resulting in higher take-home pay)
Millions of organized sector employees may soon have the option of reducing their provident fund contribution — currently at 12% of basic salary — and therefore increase their takehome pay. Labour ministry officials said this provision is part of the Social Security Code Bill, 2019, approved by the Cabinet and expected to be tabled in Parliament this week...To read the full Article PLEASE CLICK HERE.
3. RIL in Talks for ₹5,000-cr Loan to Take over Alok Ind: The Economic Times Mumbai Edition.
(Co in talks with SBI, HDFC Bank and ICICI Bank for long-term loan facility to acquire textile company)
Reliance Industries Ltd (RIL), India’s biggest company by market value, is in negotiations with three top banks for a ₹5,000 crore long-term loan facility to fund its acquisition of textile company Alok Industries in a bankruptcy takeover.
RIL is in talks with State Bank of India (SBI), HDFC Bank and ICICI Bank for financing, four people familiar with the company's plans said...To read the full Article PLEASE CLICK HERE.
Thanking you,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
