Weekly Newsletter | July 5, 2020
Dear Readers,

As India is moving toward the Unlock phase, variations in the economy are visible. Businesses are gearing up to mark their space. Technology has come out favourable for the companies during the lockdown. Thus, small companies have begun investing into it to facilitate business operations.

The government has taken a move to alter the MSME classification process. MSME registration will now be done through Udyam Registration portal. Further, businesses will be subdivided on the basis of new investment and turnover. In the similar vein, the World Bank has offered $750 million as the Emergency Response Fund for the Indian MSME segment.

The government and private players are making important steps to bring back the economy to the pre-pandemic stage. A few more effective steps can help actualize this objective.

BusinessEx Bureau
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Sonali Tomar
Email: sonali.tomar@businessex.com