In the last 10 months, about 5,070 Micro, Small and Medium Enterprises (MSMEs) in Nashik district have been registered online for Udyog Adhaar. The district is still only in sixth in online registrations as compared to Pune, which topped with a total of 11,012 registrations so far. After Pune, Th…
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SMEs attracting women with offers of greater flexibility
A mix of greater flexibility, more mentoring and a personalised management style is attracting more and more women, especially those who are restarting their career after a break, to smaller organisations, experts say. “Women have begun working in smaller organisations in order to obtain gr…
Chhattisgarh gets a MSME centre in Durg district
A Micro Small and Medium Enterprises (MSME) technology center will be set up at Borai Industrial area in Durg district of Chhattisgarh. Union Minister for MSME Kalraj Mishra on August 12 laid foundation stone for the MSME center or a tool room at village Rasmada. This MSME centre is the 12th in c…
RBI eases priority sector norms to boost cash flow to MSMEs
Reserve Bank has included factoring transactions under priority sector lending with an aim to increase cash flow to small and medium enterprises. “To increase liquidity support for the MSME sector, it has been decided that factoring transactions on ‘with recourse’ basis shall be…
Amendment to Companies Act will help boost fund flow for MSMEs: Arun Jaitley
Finance Minister Arun Jaitley has said amendments to the Companies Act 2013 being considered by Parliament will help ease institutional fund flow to small businesses, acknowledging this has been an issue with the MSME sector that has also not received adequate policy attention. “There were …
Handicraft exports see 8.46% increase in 2015-16: Smriti Irani
India’s handicraft exports have increased by more than 8 per cent during the last fiscal, touching nearly Rs 31,000 crore, Textiles Minister Smriti Irani said in Lok Sabha. “According to the provisional data available, the exports of handicrafts have shown an increase of Rs 2,414.79 c…
GST to improve ease of doing business: Jaitley
Union Finance and Corporate Affairs Minister Arun Jaitley said that the Goods and Services Tax regime, once implemented, will improve the ease of doing business in the country. Jaitley, who was speaking after launching two new initiatives for entrepreneurs by the Ministry of Micro, Small and Medi…
Textile industry awaits GST rate
The textile industry is watching to see what the final rate of tax under the proposed goods and service tax (GST) regime would be. This is because of the tax implications the new law will have on major input goods going into the textile production process such as cotton and man-made fibres. Accor…
IIT-Indore & IIM-Indore to host i5 Summit to foster entrepreneurship
Start-ups, entrepreneurs, students, investors and others experts to congregate at i5 Summit, an event hosted by IIT-Indore and IIM-Indore to foster the spirit of entrepreneurship in the country and support young entrepreneurs by connecting them with investors and mentors to take their ideas to th…
‘Skill India’ digital meet in Nagaland
The Department of Information Technology and Communication in association with National Institute of Smart Government (NISG) is holding a week-long training programme on ‘Champions Skill Enhancement Programme’ under the ‘Skill India’ project in Nagaland capital. “The agend…