In a move to harness the skills of entrepreneurs, Tamil Nadu as well as Telangana governments would soon set up entrepreneurial development centres in the two states. The second such facility to come up in Tamil Nadu, a centre at Coimbatore would be set-up at an outlay of Rs. 2 crore, an official…
Interest of small businesses protected: GST Panel Chief Amit Mitra
With the Centre and states agreeing to keep traders with turnover of up to Rs 20 lakh out of the GST ambit, interest of small traders has been protected, West Bengal Finance Minister Amit Mitra said on September 23. Hailing the decisions reached at the first meeting of GST Council, he said more t…
Textile Ministry plans to promote handicrafts, tribal communities: Smriti Irani
The government, through convergence of various ministries, is working on a plan to promote tribal, handicrafts community and fill the various gaps, Union Textile Minister Smriti Irani said at an ASSOCHAM event held in New Delhi on September 23. “I had a meeting three days ago with the minister in…
Govt launches training programmes to create skilled manpower
In order to create skilled manpower in specialised sector, the Ministry of Science and Technology is launching training programmes linked to the industry. The training programme will be initiated by Council for Scientific and Industrial Research (CSIR), an arm of the ministry, and it will train p…
Even as India’s textile sector slumps, Gujarat maintains 18% growth rate
Despite an overall slump in India’s textile sector, Gujarat has performed remarkably well through policy support from both the Centre and state government. This is evident from the fact that while exports from the country’s textile sector have remained stagnant over the last two years, the state …
Ease of doing business: 12 states implement 75% of reforms
As many as a dozen states, including Uttarakhand, Rajasthan and Jharkhand, have implemented 75% of the reform initiatives under the ease of doing business programme, reflecting positive sentiments, Commerce Minister Nirmala Sitharaman said on September 22. These three states are followed by Telan…
SRam & MRam Ltd. (UK) & Kalam Media forge $100 mn joint venture
SRam & MRam Ltd. (UK), a leading diversified business conglomerate headquartered in the United Kingdom and Kalam Media, an Indian media house, announced signing of a Joint Venture to form India’s largest start-up in Media & Entertainment space. The Joint Venture Company, SRam & MRam K…
MSME led National SC/ST hub launch on Oct 8 in Ludhiana
National SC/ST Hub under the Ministry of MSME will be launched soon. This will promote the SC/ST entrepreneurs. In this regard, a National High Power Committee meeting headed by Kalraj Mishra, Union Minister for MSME was held on September 22, to review the progress of the National SC/ST Hub. Spea…
GST Council consensus emerging on April 1, 2017 rollout, Rs 25 lakh threshold
As the Goods and Services Tax (GST) Council comprising the Centre and states met here on September 22 — its first session after it was formed last week — a consensus seemed to emerge among the members to usher in the new tax from April 1, 2017. They have also resolved to fix the upper […]<…
Govt widens ambit of merchandise exports scheme
To contain a slide in outbound shipments, the government on September 22 widened the ambit of its Merchandise Exports from India Scheme (MEIS) to offer assistance on items ranging from certain varieties of garments to marine products and engineering goods, which would potentially cost the exchequ…