Small and medium enterprises (SMEs) have raised a staggering Rs 660 crore through initial public offerings (IPOs) in the first half of 2017, more than three-fold jump from the preceding year’s same period. The huge fund-raising can be attributed to reforms and initiatives taken by the government …
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Simpler Insolvency & Bankruptcy Code likely to soon evolve for SMEs
The Government is keen to simplify the insolvency and bankruptcy code for partnership and proprietorship firms and evolve an efficient and low-cost code for SMEs, keeping in mind the job creation capacity of the sector. Given the increasing number of corporate loan defaulters, the Insolvency and …
Leg-up to Khadi: Raymond spins exclusive Khadi range to launch on Gandhi Jayanti
Fabric and fashion retailer Raymond has announced to launch the Khadi exclusive range ‘Khadi by Raymond’ on October 2, 2017 to mark Gandhi Jayanti. Forging a partnership with Khadi and Village Industries Commission (KVIC), the textile and apparel major is introducing the new range to promote Khad…
#MonsoonSession: PM kicks-off session with “growing stronger together” spirit of GST
Carry your umbrellas as the Monsoon Session of Parliament is going to rain bills. A total of 16 new bills will be introduced in both the houses of Parliament for consideration and passage. Apart from these, of the 21 bills pending in Lok Sabha and 42 in Rajya Sabha, many could be taken up and [&h…
RBI may revamp agriculture & MSE lending to spur employment
The Reserve Bank of India is looking to revamp the structure of State-Level Bankers’ Committees (SLBC) to facilitate agriculture, micro and small enterprises (MSEs), and other priority sectors’ lending for employment generation, said the bank’s Deputy Governor S S Mundra while addressing bankers …
Industrial township with dedicated MSME Hub likely to come up in Howrah
The hub will be a part of an upcoming industrial township in Howrah district, without disturbing any existing activity, which the government is likely to announce in coming three months, Sinha informed.
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Kalraj Mishra bats for acceleration to Khadi industry
Union MSME Minister Kalraj Mishra has expressed the willingness for Khadi products to be exempt from the new tax regime that has come into effect with the roll-out of Goods and Services Tax (GST) on July 1. The Union Minister was addressing a meeting with Khadi institution in the august presence …
Why innovation is the new SME growth stimulator
Small and medium enterprises (SMEs) need to implement policies that encourage innovation.
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DIPP inks agreement with Punjab to setup India’s first Tech & Innovation Support Centre
The Department of Industrial Policy and Promotion has inked an institutional agreement with the Punjab State Council of Science and Technology to establish India’s first Technology and Innovation Support Centre (TISC) at the Patent Information Centre of the state. The agreement is in line with th…
NSIC launches GST helpline to help MSMEs undergo transition
National Small Industries Corporation (NSIC) has launched a GST helpline to help MSMEs conduct their business under the new tax regime. The helpline comes as part of the Corporation’s earlier launched GST information campaign. The helpline comes to assist MSMEs undergo the GST transition and unde…