India’s textile industry is not only several centuries old, but has also been one of the largest contributors to the country’s exports (around 11%) and provided employment to millions. Indirect taxes, being transaction-based, play an important role in the growth of any industry. The government ha…
TPP to have serious implications for pharma industry: Study
The mega trade deal TPP, which includes the US and 11 other countries, is likely to have “serious implications” on the growth of domestic pharma industry, particularly the generic market, a study said. According to the report ‘Indian Pharmaceutical Industry: Challenges and Prosp…
Paradip to be developed as a hub for MSMEs
The Shipping Ministry on September 2 said that it is planning to develop Paradip as a world class, global competitive and smart industrial port city. The rationale behind developing Paradip as a smart city is that it already has a major port and strong mineral resource presence in the region, the…
MSMEs fail to benefit from IC Scheme
In order to avail subsidised foreign trips under the International Cooperation (IC) Scheme, industrialists are becoming members of various organisations and misuse of the scheme goes unchecked. Under the scheme, the government gives 100 per cent subsidy on air fare and the leader of the group als…
MRSS India files for FPO – the 1st ever on BSE SME platform
MRSS India, Indias 1st and only listed Market Research Company has filed a Draft Red Herring Prospectus dated September 1, 2016 (DRHP) with the Securities and Exchange Board of India (SEBI) for raising up to Rs. 100 million through Further Public Offering (FPO) of equity shares subject to requisi…
Small is Big as startups look for a space in booming SMEs
The sheer number of SMEs in India has made them an attractive community for startups to target for business, with many companies increasingly focusing their attention on them and working to rope them in through incentives and value-added services. Online marketplace ShopClues, which hosts half a …
3 small banks set to start operations
Three out of the 10 provisionally licensed small banks are set to begin operations in the next few months as they have met the regulatory requirements and put in place the systems needed. The Reserve Bank of India has issued the final licence to Capital Local Area Bank, Suryodaya and newly listed…
Govt plans single policy for retail, FMCG & e-commerce
To provide a level-playing field to stakeholders, there is a move in government to harmonise policies of retail, FMCG and e-commerce within a single policy framework, NITI Aayog CEO Amitabh Kant said. Interacting with CEOs at FICCI’s annual Retail, FMCG and E-Commerce convention, he said th…
India to sustain 8-10% growth rate for next few years: Subramanian
Despite registering the slowest growth rate in the last six quarters in April-June period, India has the potential to sustain 8 to 10 per cent growth rate during the next two to three years, said Arvind Subramanian, Chief Economic Advisor. “First quarter GDP growth number came out yesterday. GDP …
Rudy to inaugurate Telangana skill development programme
Union Minister of State for Skill Development and Entrepreneurship (independent charge) Rajiv Pratap Rudy will inaugurate Telangana Jagruthi Skill Development programme on September 3. “Telangana Jagruthi is an NGO which is running in the state for the past 10 years. We have taken up skill …