Page 7 of MSME Policy

section 43b, income tax act, finance act, msmes, buyers, finance ministry, cmai, clothing manufacturers, cait, traders, delayed payments, iamsmeofindia, nirmala sitharaman

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…

February 29, 2024 12:47 IST

udyam registration, msme jobs, msme employees, monthly economic report, finance ministry, department of economic affairs, nirmala sitharaman, gem portal, eclgs scheme

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…

February 26, 2024 11:36 IST

exports, trade deficit, manufacturing, international demand, oil prices, crude oil, infrastructure, logistics, PLI scheme, Make in India, corporate tax, Services Exports, GCCs, mobile exports

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…

February 25, 2024 10:13 IST

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…

February 12, 2024 11:15 IST

european union, eu, carbon tax, carbon emissions, cbam, engineering msmes, parliamentary panel, steel, cement, fertilizer, gems and jewellery, Remission of Duties and Taxes on Exported Products, rodtep, exports, logistics infrastructure, coffee players

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…

February 9, 2024 11:21 IST

construction sector, skilled workforce, engineers, technicians, vocational training, msmes, apprenticeship model, aicte, infra construction sector, on the job training, national apprenticeship act, indian railways, incoban

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,…

February 4, 2024 11:34 IST

budget 2024, nirmala sitharaman, budget for msmes, finance for msmes, technology for msmes, training for msmes, capital expenditure, Rs 1 lakh crore interest free loan

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…

February 1, 2024 13:34 IST

budget 2024, nirmala sitharaman, fisme, msme budget expectations, banks, foreclosure charges, rbi, reserve bank of india, bank loan rating, blr rating, bank guarantees, banking ombudsman, icici bank

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…

February 1, 2024 10:27 IST

cii, msme, saurabh bhardwaj, delhi, ai, aam aadmi party, technology parks, sidbi, artificial intelligence

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.

January 31, 2024 12:48 IST

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…

January 31, 2024 12:05 IST

budget 2024, union budget, budget 2024-25, nirmala sitharaman, parliament, february 1, budget expectations, assocham, pli, production linked incentive, spiritual tourism, droupadi murmu, education, health

“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…

January 30, 2024 13:12 IST

udyam portal, udyam assist platform, uap, msme ministry, informal msmes, informal micro units, udyam registration, msme jobs, msme shutdown

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,…

January 30, 2024 11:48 IST

budget 2024, interim budget, budget expectations, finance minister, Nirmala Sitharaman, Indian economy, manufacturing capacity, PLI scheme, tax reforms, Infra spending, Credit gap, service exports

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…

January 27, 2024 11:14 IST

budget 2024, apparel industry, apparel export promotion council, aepc, gst, goods and services tax, fabric, fibre, credit, msmes, export, shipping, merchant exporters, esg, budget session, droupadi murmu

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…

January 24, 2024 18:47 IST

piyush goyal, commerce minister, export, msme exports, trade connect eplatform, startups, bharat mandapam, free trade agreements, exports, merchandise and services, dgft, rodtep, ecommerce exports

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.

January 17, 2024 11:58 IST

World Earth Day, plastic alternative, plastic neutrality, sustainability, energy transition, packaged goods, packaging material, ITC Hotels

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),…

January 15, 2024 14:58 IST

goa government, cgtmse, goa credit guarantee scheme, gcgs, msme loans, credit guarantee of msme loans, msme lenders, banks, women entrepreneurs, agniveers, sc-st entrepreneurs

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…

January 15, 2024 12:55 IST

startup india, commerce ministry, fund of funds, ffs scheme, startup fund, layoffs, paytm, byju's ola, startup jobs

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…

December 26, 2023 18:34 IST

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