Sunday, July 25

Tag: MSME

20 Lakh Crore Package by Prime Minister Mr. Modi
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20 Lakh Crore Package by Prime Minister Mr. Modi

Prime Minister Narendra Modi yesterday i.e. May 12, chose to announce a mega fiscal package of Rs. 20 lakh crore(20 Trillion) and planned 'Lockdown 4.0' for an indefinite number of weeks from May 17. The economic package is equivalent to around 10 percent of India's GDP, aimed to revive the economy. Aatma Nirbhar Bharat  The main component of the package would be "Aatma Nirbhar Bharat" or self-reliant India, Prime Minister Modi stated, addressing the country for the third time on Tuesday evening since the total lockdown in late March. Corona has already taken around 3 lakh lives worldwide and s till doesn't seems to end soon. It will be with us for a long time, and we will have to wear masks, following doh gaj doori (six-foot distance) as told by our honourable Prime Mini
Reliance Jio-Facebook Partnership
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Reliance Jio-Facebook Partnership

Indian new commerce battle was never so cut-throat as it is now with the entry of JioMart with the partnership of Facebook. Facebook is a big giant in the social media industry with enormous users on Facebook, Instagram, and WhatsApp. Facebook announces $5.7 billion of investment in Reliance Jio, and the news had come upon a time when other e-commerce companies were facing difficulties to ramp up with the supply. The partnership would be a game-changer for India’s Kirana store and other MSMEs. It will be exciting to see how the dual combo would make use of 388 million Jio and around 328 million Facebook users to battle against Amazon and Walmart. However, small retailers can look for digital empowerment with a new commerce platform that can serve the neighborhood customers remotely