Section 43B(h): Is Finance Ministry revising the new rule for payment to MSMEs within 45 days? The clause, to be effective from April 1, 2024, disallows expenses to buyers on invoices from micro and small enterprises… 2 years ago
MSME employee count jumped over 5x since July 2020: FinMin monthly economic report As of February 26, the total employment reported by Udyam-registered MSMEs was 15.6 crore including 3.89 women employees, as per… 2 years ago
Improved export competitiveness of MSMEs demands greater focus on dry ports in hinterland In order to ensure that the benefits of international trade are reaped by larger sections of the economy, particularly the… 2 years ago
Over 35,000 MSMEs shut so far post Covid; Maharashtra, TN, Gujarat see highest closures The closures since July 2020 were 0.09 per cent of 3.70 crore units registered on the Udyam portal, as of… 2 years ago
Parliament panel suggests govt to seek 3 years deferment on EU’s carbon tax for MSMEs The report recommended that developing a robust mechanism to support and equip MSMEs to counter the adverse effects of CBAM… 2 years ago
Leveraging apprenticeship in infra-construction: ‘Need to equip MSMEs with skills, workforce to meet sector’s growing demands’ The construction sector, anticipated to reach $1.4 trillion by 2025 and employing 71 million people, plays a crucial role. However,… 2 years ago
Budget 2024: Timely finance, tech, training for MSMEs important policy priority for govt, says Sitharaman FM Nirmala Sitharaman said that orienting the regulatory environment to facilitate MSMEs’ growth will be an important element of this… 2 years ago
Budget 2024: FISME seeks reforms to increase access to finance for MSMEs, highlighting alleged anti-competitive practices by banks According to FISME, lack of competition in the banking sector (with 75 per cent of banks being in the public… 2 years ago
Delhi to become AI city; to launch single window facility for MSMEs: Delhi Minister Saurabh Bhardwaj MSMEs have traditionally been the major part of the Indian business ecosystem ever since India became independent in 1947. 2 years ago
Budget 2024: From Angel tax to tax on ESOPs; tax reforms a key ask from startup VCs, consultants From angel tax and capital gains tax rationalisation to tax on ESOPs, tax holidays and more, experts hope the upcoming… 2 years ago
“There will be initiatives on health, education in interim budget,” says Chairman of ASSOCHAM’s National council on MSME The Budget session of Parliament, the last session before the general elections expected in April-May, will begin on January 31… 2 years ago
MSME registration: Govt’s Udyam portal crosses 3.5 crore mark The total count included 1.27 crore micro enterprises registered via the Udyam Assist Platform (UAP). Launched in January last year,… 2 years ago
Budget 2024: ‘Extend current schemes, offer tax breaks, domestic capital access and more for startups’ The budget will be one of the key milestones to set the compass in the direction of sustained growth for… 2 years ago
Interim Budget: Apparel industry seeks uniformity in GST across value chain In its submission to the central government, it requested a uniform GST of 5 per cent across the entire man-made… 2 years ago
New ‘Trade Connect’ platform in the works to help new exporters, MSMEs boost exports The platform is likely to be ready in three to four months, according to the Commerce Ministry. 2 years ago
Budget 2024: Fast-track India-ASEAN FTA renegotiation to curb Value Added Plastics import at preferential duties, says plastics export council “Value added plastics products incur a mere 5-10 per cent duty when imported under the India-ASEAN Free Trade Agreement (FTA),… 2 years ago
Goa govt notifies Rs 5 crore credit guarantee scheme for loans to micro, small enterprises Loans given to MSEs based in Goa with Udyam registration will have up to 75-85 per cent guarantee coverage from… 2 years ago
Average 11 jobs created by each startup; Rs 17,272 crore invested in 915 startups: Startup India review “Several programs have been implemented over the years under the Startup India initiative to support entrepreneurs, build a robust startup… 2 years ago
