Simplified Trade Finance
Despite having posted steady growth over most of the last decade, India's rice exports are facing a hit in international trade. As geopolitical tensions, tighter trade norms and higher MSP by the government take their toll, India -- the world's largest rice exporter -- may see its rice exports on the brink of an unprecedented fall in the current fiscal.
Budget 2020 India: While the government has taken bold steps to ease the passage for payment gateways and neo-banks, SMEs need to be handheld further to adopt efficient tech-driven business practices.
Union Budget: The SMEs that the government had hoped to strengthen at the start of its second term have pinned their hopes on this budget
If the government is serious about making cheaper capital available to exporters of labor-intensive goods, mostly in the MSME sector, it needs to immediately do away with the limited-in-scope interest equalization scheme.
A widely used term online, ‘blockchain’ is already the buzzword for digital businesses who understand the extent of efficiency and transparency that it brings to the business transaction cycle. In fact, blockchain is now being touted as a must-have technology to enable digital transformation among businesses across sectors.