News

Core sector output growth slows to 4.9 % in November

New Delhi: The eight core industries recorded a year-on-year growth in output of 4.9 per cent in November 2016, slower than the previous two months – that is, a 6.6 per cent increase in October and 5.01 per cent in September. Output in electricity and coal posted healthy growth rates of 10.…

Imphal handloom directorate to boost textile sales

The newly launched directorate of handlooms and textiles at Lamphel, Imphal will promote the sales of handloom and handicraft products produced in Manipur. The directorate was recently inaugurated by State Commerce and Industries Minister Govindas Konthoujam. The directorate will also help to enh…

CCMB signs MoUs with 4 start-ups

Four biology start-up firms have signed up with the city-based Centre for Cellular and Molecular Biology (CCMB) to incubate their companies at Innovation Hub (iHUB). The CCMB, a research establishment of the Council of Scientific and Industrial Research (CSIR), in its efforts to engage with indus…

MSME sectors in Bengal hail PM’s sops

Kolkata: The real estate and MSME industries have hailed the sops announced by Narendra Modi on December 31. Representatives of the MSME industry bodies are, though, a little apprehensive about the implementation of the enhance credit guarantee limit in the ground level. The convener of core comm…

SME lenders laud govt’s move

The central government’s decision to increase the credit guarantee for small companies would help wean away the latter’s dependence on money lenders, says lenders to the segment. In the backdrop of currency demonetisation, Prime Minister Narendra Modi had over the weekend announced some help for …

At crossroads: MSMEs feel the demonetisation squeeze

While much attention has been focused on the manner in which demonetisation has inconvenienced the general public, the sudden invalidation of 86% of Indian cash may create a short-to-medium-term impact that is brutal for small businesses. The importance of Micro, Small, and Medium Enterprises (MS…

MSME initiatives need private sector support: Kalraj Mishra

The Micro, Medium and Small Enterprises sector has seen a flurry of initiatives launched by the Government of India over the last year. Union Minister for Micro, Small and Medium Enterprises Kalraj Mishra speaks on the success of these measures so far and his vision for the New Year. Q: What were…

Bank loans may increase for SMEs

Doubling the credit guarantee on loans taken by small and medium enterprises (SMEs) and enhancing their cash credit limits is expected to increase the banking sector fund flow to the SME sector. These steps announced by Prime Minister Narendra Modi on Saturday would also lower borrowing costs of …

Start-ups likely to get tax benefits in Union Budget 2017

New Delhi: Prime Minister Narendra Modi’s key Start-up India programme may get a boost in the upcoming budget with the industry department drawing up a list of tax concessions on employee stock options, unlisted securities and convertible instruments. The union budget is expected to be announced …