AFL boss Gillon McLachlan has announced the league will proceed with Round 1 as planned, with the first match to be played between Richmond and Carlton at the MCG tomorrow night.…
Vegetables prices went up further today despite increased arrivals of key produce in the Agricultural Produce Market Committee (APMC) Vashi, as the market decided to remain closed tomorrow in order to facilitate disinfection and protect participants from coronavirus (Covid-19).
According to Shankarsheth Laxman Pingle, Director, APMC Vashi, total vegetable arrivals in the mandi surged to 830 vehicles, holding about nine tonnes each, and 7,470 tonnes collectively. In comparison, there were 600 vehicles carrying a total of 5,400 tonnes on Tuesday.
Despite the surge in arrivals, prices of key vegetables jumped as stockists rushed to store the commodity for uninterrupted supply to retailers and consumers.’
“Arrivals of vegetables have increased today on a surge in supply from farmers. While key vegetables have reported a marginal increase in prices, overall market sentiment remained muted on bumper supply,” said Pingle.
“To avoid gathering of people, after meeting government officials yesterday, we have decided to keep fruits and vegetables section of APMC Vashi closed on Thursday and Sunday until March 31 for social distancing to prevent spread of Covid-19.
Seeking immediate intervention from state and Central governments to help exporters overcome the crisis due to Covid-19 pandemic, the Federation of Indian Export Organisations (FIEO) southern region chairman Israr Ahmed today said the situation is grave and and factories across sectors will be forced to close down or stop production.
Ahmed was referring to the possibility of a large-scale cancellation of orders, supply chain disturbance, delayed or even non-payment of bills by buyers, which according to him would seriously affect the cash flow of all exporters.
The federation has asked for a host of relaxations from the Centre for the exporters to be able to face the adverse situation. These include extension of the realisation period from 270 days to 360 days, relaxation of NPA norms to accommodate delay in getting payment, as lack of business coupled with fixed cost will force units to close if NPA norms are not relaxed, faster clearance of credit applications by banks and extending the existing credit up to 25 per cent automatically.
The exporters body also urged the government that advance tax payment be differed at least till September 30, 2020.
Merchant cash advances (MCAs) are one of the most common ways that small businesses choose to access quick capital in the modern world.
Rather than acting as a traditional loan, which requires a lengthy process of applications and credit checks, alongside typically complex and opaque repayment terms, MCAs tend to be used as a short-term bridge to keep businesses afloat and prospering in the event of any unprecedented cost they may be faced with.
The merchant cash advance system is pretty straightforward; the provider will give a business a large lump-sum payment, which will then be paid back via the lender taking a percentage of future debit or credit card sales.
The amount loaned and repaid varies significantly depending on the size and revenues of your business, but MCAs are generally viewed as an effective and easy way to address short-term cash flow issues. The industry is large and growing, so it’s important you approach an MCA equipped with the right knowledge. Here are 5 tips on how to make the most of your merchant cash advance.
Know Your Terms
The number of merchant cash advance providers is significant and all of them have different terms. For those still asking