CIA welcomes Nirmala Sitharaman’s announcements with a few doubts

Consortium of Indian Associations (CIA) convenor K E Raghunathan has welcomed the announcements made by Finance Minister Nirmala Sitharaman. Continue Reading

Increase of GST collections can’t be taken as return of normalcy yet: CIA

While saying it is happy to note the increase in the October 2020 GST collections as compared to October 2019 to an extent of over 10 per cent, Consortium of Indian Associations (CIA) has however said it should have been much more if the economy and business sales had returned to normal. Continue Reading

Loan interst waiver: CIA concerned over clarity

Reacting to the Finance Ministry’s announcement on interest waiver on loans of up to Rs two crore under the RBI moratorium scheme in view of the Covid-19 pandemic, Consortium of Indian Associations (CIA) has said the proposed scheme “appears ambiguous and may not deliver the needs of a sufferer”. Continue Reading

Urgent need for revision of norms for ease of doing biz: CIA

Covid-19 has made several business entities and start-up enterprises shift from their original business plan. The uncertainty of time frame for returning to normalcy has compelled them to practice living with the new normal. Continue Reading

CIA concerned over ‘hire & fire’

While congratulating the Union government for passing the Bills on amendments in three codes on Labour Act, Consortium of Indian Associations (CIA) has said there is a feeling among workmen that as the limit of threshold eligibility is increased from 100 to 300, it will make those employed, mostly in, small scale enterprises – become victim of ‘Hire and Fire’. Continue Reading

Over 80% members unable to pay for EMI: CIA

Consortium of Indian Associations (CIA), a forum of over 30 associations, mainly comprising Micro and Small enterprises, has expressed their inability to pay for EMI obligations as moratorium which was granted and ended yesterday. Continue Reading

Moratorium should be extended till March: CIA

Consortium of Indian Associations (CIA), a forum of over 30 associations in India, has said the loan moratorium should be extended till March 2021. Continue Reading

RBI Governor’s announcements may not serve right purpose: CIA

Consortium of Indian Associations (CIA), while welcoming the recent announcements by RBI Governor Shaktikanta Das on restructuring of advances for viable MSMEs, has however said, “though on the face of it , looks a timely right decision, but on seeing the directive from RBI, it appears that it may not serve the real purpose of either supporting viable MSMEs or avoidance of NPA increase in banks.” Continue Reading

NPA will touch 30% by March: CIA

RBI has mentioned as official projection of NPA to be at 15 per cent by March. The Consortium Of Indian Associations (CIA) is of the view that NPA will touch nearly 30 per cent by March and requests for ‘right corrective steps’ be taken now. Continue Reading

Present form of ECLGS scheme needs modifications urgently: CIA

CIA – Consortium of Indian Associations , a forum for unified voice of the industry especially MSEs , across India , has been proposing to the government on various field level issues faced in availing benefits from schemes including ECLGS and also suggesting what is required at ground level to revive and survive. Continue Reading