Life is not a template and neither is mine. Like several who have worked as journalists, I am a generalist in my over two decade experience across print, global news wires and dotcom firms. But there has been one underlying theme in each phase; life gave me the chance to observe and tell a story -- from early days tracking a securities scam to terror attacks and some of India's most significant court trials. Besides writing, I have jumped fences to become an entrepreneur, as an investment advisor -- and also taught the finer aspects of business journalism to young minds. At Forbes India, I also keep an eye on some of its proprietary specials like the Rich list, GenNext and Celebrity lists. An alumnus of Xavier Institute of Communications and H.R College of Commerce and Economics in Mumbai, I have worked for organisations such as Agence France-Presse, Business Standard, The Financial Express and The Times of India prior to this.
Finance Minister Nirmala Sitharaman; Image: Prakash Singh/AFP via Getty ImagesIndia’s Finance Minister Nirmala Sitharaman on Wednesday announced a series of measures assisting micro- and small businesses who are starved for cash, steps to boost liquidity for non-banking financial companies (NBFCs) and providing tax measures for individuals and corporates. All these form part of a larger Rs 20 lakh crore support package, disclosed on Monday by Prime Minister Narendra Modi. The key measure is that the government will provide Rs 3 lakh crore in the form of collateral-free automatic loan for MSMEs (micro, small and medium enterprises) for four years. “The growth capital push is expected to help revive investment activity, as small businesses are likely to use these funds for scaling up business activity,” Barclays chief India economist Rahul Bajoria told Forbes India. “The loan facility will put cash in the hands of the businesses that need it most. It bears the stamp of Nitin Gadkari, the MSME minister who understands where businesses feel the most pain,” SKV Srinivasan, a former banker at IDBI Bank and an advisor to fintechs in the MSME space, said. The government has also altered the definition of MSMEs by narrowing down its universe, so that it will be able to provide sops to this category in a more focussed manner.