#MSME #IBM #SBI
MSMEs fulfilling the National Mission
Witnessing the times when our nation still has goals to make changes to implement and evolve to ensure that the industries keep up with the times. As the world is moving towards industry 4.0, It’s being anticipated that the transition will lead to a reduced role of human power as an operator and pave the way for more interaction opportunities between machines and machines. It’s expected that India will thrive as one of the leading economies in the world over the next decade in light of a positive political and economic scenario. The Micro, Small & Medium Enterprises (MSME) segment has been playing a remarkable role in the emergence of the Indian economy. The development of the MSME segment is extremely critical to fulfill the national mission of financial inclusion and generation of significant levels of employment across all geographical areas across the country.
Internationally, the MSME segment expansion has shown mixed feedback on various policies and initiatives undertaken by developing and developed economies during their critical economic span. Many developed and developing economies have agreed upon the fact that the MSME segment constitutes the backbone for maintaining growth rates as well as employment generation rate and provides stability during economic downturns. Another highlight remained the rapid advancement in digitization which is driving changes in payment systems in transactions. Mobile phones have provided enormous opportunities for financial development and are anticipated to be a common tool for carrying out various financial transactions. This has opened doors for the financial industry to improve its services by launching internet-based services, such as mobile banking.
Today's Headline in NewsHours
0:00 Intro
2:07 #IBM acquires #Bluetab to expand #hybridcloudservice offerings
2:51 #SBI alerts users to stay a.
#MSME #IBM #SBI
MSMEs fulfilling the National Mission
Witnessing the times when our nation still has goals to make changes to implement and evolve to ensure that the industries keep up with the times. As the world is moving towards industry 4.0, It’s being anticipated that the transition will lead to a reduced role of human power as an operator and pave the way for more interaction opportunities between machines and machines. It’s expected that India will thrive as one of the leading economies in the world over the next decade in light of a positive political and economic scenario. The Micro, Small & Medium Enterprises (MSME) segment has been playing a remarkable role in the emergence of the Indian economy. The development of the MSME segment is extremely critical to fulfill the national mission of financial inclusion and generation of significant levels of employment across all geographical areas across the country.
Internationally, the MSME segment expansion has shown mixed feedback on various policies and initiatives undertaken by developing and developed economies during their critical economic span. Many developed and developing economies have agreed upon the fact that the MSME segment constitutes the backbone for maintaining growth rates as well as employment generation rate and provides stability during economic downturns. Another highlight remained the rapid advancement in digitization which is driving changes in payment systems in transactions. Mobile phones have provided enormous opportunities for financial development and are anticipated to be a common tool for carrying out various financial transactions. This has opened doors for the financial industry to improve its services by launching internet-based services, such as mobile banking.
Today's Headline in NewsHours
0:00 Intro
2:07 #IBM acquires #Bluetab to expand #hybridcloudservice offerings
2:51 #SBI alerts users to stay a
Technology video | 165 views
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Education revolution in Punjab ❤️The transformation we all deserve! #punjab #punjabgovernmentschool
News video | 2102 views
Technology across the world is changing very fast, and so are production patterns and global value chains (GVCs). All these new business paradigms call for an urgent need for technology upgradation and adoption across manufacturing processes, says Shreekant Somany, Chairman, CII National MSME Council.
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Watch Why technology adoption is critical for Indian MSMEs: CII's Shreekant Somany explains With HD Quality
News video | 371 views
State Level Defence MSMEs Conclave on Indigenisation of Critical Defence Components and Materials
News video | 226 views
The digital revolution has penetrated up to the last mile, right from the ministry to the state governments to the district to the gram panchayat to the #MSMEs. The policies formulated by the government of India are all based on digital blueprint and digital platforms. Without it, no program is implemented in the country.
The Indian MSME industry is expected to contribute approx. 50% to the country’s GDP by 2025. The industry is the second-largest employment generator in India after agriculture as of FY 2022, with more than 111 million people employed.
Most MSMEs faced issues such as having access to finance, marketing their products, and even struggling to cover expenses such as employee salaries, office rent, bills, taxes, and loans EMIs.
The segment enables the inclusion of generally neglected entrepreneurs e.g., women, marginal entrepreneurs and empowerment and wealth creation at the Grass root. In FY22 alone, 8.59 lakh women-led MSMEs got registered on Udyam portal which is 17% of the total MSME registration. As many as 63.4 million units contribute 6.11% of the manufacturing GDP and 24.63% of services GDP.
MSMEs play a critical role in Nation Building and growth of the economy. It is necessary that the support to this segment is accelerated, and the government targets its ease of doing business initiative towards MSMEs.
Several corporates and cloud providers have designed their roadmap to approach MSMEs to their growth to go digital, which will enable MSMEs to increase their overall operational efficiency, to provide better customer service using digital platforms and to enhance the overall customer experience.
Technological upgradation of the MSMEs minimises external risks and encourages corporatisation of the MSME sector. Cloud is critical for MSMEs and digital-native startups which are coming of age very quickly.
This in turn will help MSMEs to face competition from other players, to expand th
Technology video | 184 views
Universal Acceptance: A Key to Unlocking Growth Opportunities for Startups and MSMEs
News video | 911 views
The SMEs & MSMEs have suffered tremendously due to Covid-19 and need the strongest support from the Government in coming years like a specific five-year plan for their revival and growth as they are the major contributor to India’s economy and social development. In India, the sector has gained significant importance due to its contribution to the Gross Domestic Product of the country, approximately 30% and exports, approximately 49%. This sector has also contributed immensely concerning entrepreneurship development especially in semi-urban and rural areas of India. Most importantly they generate large-scale employment for an unskilled or semi-skilled workforce of India. The digital adoption trend in India is going strong, and most of the FinTechs are working closely with MSMEs. The MSME ecosystem has been more resilient in 2021. Digital adoption, phased lockdowns, and MSME preparedness seem to have contributed to business strength. With lockdowns and restrictions being a constant reality in the pandemic world, the MSMEs are paying more attention to their cash flow and financial management. 2022 seems to be a growth year for MSME. Within MSME, segments like retail have struggled a bit more with the recovery while Pharma has grown during the Pandemic. But overall, the MSME is almost back to full recovery. In the last couple of years, we saw tremendous digital adoption by this segment. Small businesses transitioned from their offline workflows to digital platforms.
MSMEs is now the second-largest employment provider segment in India. In India, the sector has gained significant importance due to its contribution to the Gross Domestic Product of the country and exports. Fintech will play an integral part in boosting MSMEs. MSMEs are being encouraged to market their products on the e-commerce site, especially through Government e-Marketplace, owned and run by the government, wherefrom Ministries and public sector undertakings source their procurement. As on
Technology video | 182 views
The #NationalQuantumMission received cabinet approval at a total cost of Rs. 6003.65 crore, to scale up scientific and industrial R&D, for accelerating Quantum Technology led economic growth and to leverage India into a leading nation in the area. The mission is expected to benefit communication, health, finance, and energy as well as drug design and Space applications.
In the past, India had adopted technologies developed abroad and implemented them here, but the National Quantum Mission has a distinction. The National Quantum Mission is the only mission, so far, wherein Indian scientists will develop its own technology. Though India will need international cooperation, it will be mainly for knowledge exchange. The establishment of the National Quantum Mission, with investments in infrastructure, labs and test-beds, will enable Indian industry and academia to take IP leadership in a technology area of strategic importance. The new mission targets developing intermediate scale quantum computers with 50-1000 physical qubits in 8 years in various platforms like superconducting and photonic technology. With this the Satellite based secure quantum communications between ground stations over a range of 2000 kilometres within India, long distance secure quantum communications with other countries, inter-city quantum key distribution over 2000 km as well as multi-node Quantum network with quantum memories are also some of the deliverables of the Mission.
Today's Headline in NewsHours
0:00 Intro
3:00 Amazon to shut down Halo division
3:30 #PhonePe to waive off $18 mn loan extended to ZestMoney
4:00 Alibaba Cloud cuts prices by up to 50% for core, storage products
4:30 #OpenAI rolls out 'incognito mode' for ChatGPT
5:02 #Microsoft’s Phone Link app allows iPhone users to access iMessage on Windows PC
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PM Modi gives National Awards to MSMEs & distribute 500 wooden Charkhaa to women in Ludhiana
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PEG क्या है, इसे PEG क्यों कहा जाता है? | What Is Peg
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What is Wheat Beer? | व्हीट बीयर क्या है?
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If you love homestyle cocktails, reviews of Alcohol, Drink knowledge, Bartending and many more then this channel is for you. India is the biggest alcohol consumer in th
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भारत में पहला BAR कौन सा है? Which is the First BAR in India? Do you know?
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Disclaimer:
The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
About The Channel:-
If you love homestyle cocktails, reviews of Alcohol, Drink knowledge, Bartending and many more then this channel is for you. India is the biggest alcohol consumer in the world. We buy and consume more whiskey in the world than anyone else. This channel helps give information about your favorite drink. How to make fantastic cocktails at ho
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एक Wine की बोतल की सेल्फ लाइफ क्या होती है? What is the shelf-life of a bottle of wine?
#wine #Wineshelflife #cocktailsindia #dadabartender
Join Our Bartending School The Spirit Vidyalaya, Call us on 7558204535
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Disclaimer:
The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
About The Channel:-
If you love homestyle cocktails, reviews of Alcohol, Drink kn
Cooking video | 1239 views