MSME worst hit by GST, Demonetisation, says RBI study
(WorldNews Business)

New Delhi: A recent study by the Reserve Bank of India (RBI) has noted that the Micro, Small and Medium Enterprises (MSMEs) have been adversely hit by the Goods and Services Tax (GST) roll-out and Demonetisation, which had a significant impact on the overall credit of the sector. `The MSME sector has witnessed two major recent shocks, viz., demonetisation and introduction of goods and services tax (GST). The introduction of GST led to increase in compliance costs and other operating costs for MSMEs as most of them were brought into the tax...