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Debt Restructuring: Boon Or Bane For India’s Small Businesses?
For India’s small businesses, debt restructuring can be a double-edged sword. But what options do they have?
03 Mar 2020, 08:06 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![An employee arranges bidi cigarettes into bundles at the Sarkar Bidi Factory in Kannauj, Uttar Pradesh, India. (Photographer: Udit Kulshrestha/Bloomberg) ](https://media.assettype.com/bloombergquint%2F2020-02%2F34a4c3db-70fd-4931-b9fd-ab716e8d25bb%2F1.jpg?rect=0%2C202%2C3999%2C2249&auto=format%2Ccompress&w=200)
An employee arranges bidi cigarettes into bundles at the Sarkar Bidi Factory in Kannauj, Uttar Pradesh, India. (Photographer: Udit Kulshrestha/Bloomberg)
India’s small businesses are facing fire from all sides. The economy is weak and so are sales. Large businesses are under pressure, leading to delayed payments for smaller units. The goods and services tax is adding to compliance costs.To ease some of the pain being felt by micro, small and medium enterprises, the Reserve Bank of India recently extended a provision that allows one-time restructuring of loans. Any such restructuring c...
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