Small and medium-sized enterprises (SMEs) in South Africa continue to face a business landscape that is simultaneously full of challenges and brimming with opportunities. A still-struggling economy, rising costs, high unemployment figures and an uncertain political future have created a business backdrop against which only the most resilient and innovative businesses will thrive. At the […]
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The Bombay High Court observed that the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 (MSMED Act) has an overriding effect over Arbitration and Conciliation Act, 1996 (A&C Act) only when the disputes between MSMEs are covered under Section 17 of the MSMED Act. The Court clarified that the dispute between the parties was […]
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Reserve Bank of India (RBI) said in a circular that on review, it was found that some of the arrangements existing between the card networks and card issuers are not conducive to providing choice to the customers. RBI has directed banks to provide eligible customers the option to choose from multiple card networks, while issuing […]
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High base effect, onset of monsoon among reasons for moderation in overall output growth, say experts. Pulled down by a high base effect despite a strong show from coal and electricity sectors, the country’s eight core industries output growth slid to a 20-month low at 4% in June. This latest reading — seen by some economists […]
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Thanks to lower expenditure and record transfer from RBI. Lower expenditure because of Model Code of Conduct and record transfer from the Reserve Bank of India helped restricting fiscal deficit to low of around 8% of the Budget Estimate during April-June quarter of Fiscal Year 2024-25, data released by the Controller General of Accounts (CGA) showed. The […]
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