Bhubaneswar: The International MSME Day was celebrated today jointly by Khadi & Village Industries Commission, Govt. of India and Department of MSME, Govt. of Odisha. Minister MSME, WCD & Mission Shakti, SSEPD Prafulla Samal inaugurated the said function. L.N. Gupta, Additional Chief Secr…
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Google India steps up programmes for small & medium business firms
Google India is set to expand its programmes that aimed at improving the digital penetration levels of small and medium businesses (SMB) through a range of separate initiatives. According to Google, which released a joint study with KPMG, rising penetration and greater uptake for digital solution…
Naidu launches AP MSME Development Corporation with Rs 100 cr corpus
In a bid to encourage the micro, small and medium enterprises (MSME) sector, Chief Minister N Chandrababu Naidu on June 28 launched the logo of the Andhra Pradesh MSME Development Corporation. The corporation, with a corpus of Rs 100 crore, would help the MSME entrepreneurs in marketing, branding…
Centre signs MoUs with SAP India, Intel & HMT to skill industry-ready workforce
In a bid to skill industry-ready workforce and propel the growth of MSMEs through digital empowerment, Ministry of Micro, Small and Medium Enterprises has signed three separate Memorandums of Understanding (MoUs) with SAP India, Intel and HMT on the occasion of first UN MSME Day on June 27 in New…
GST rollout: SMEs in a fix as major companies stop accepting products amid uncertainty
Ahead of the Goods and Services Tax (GST) rollout, small and medium scale enterprises (SMEs) in Pune find themselves in a tricky situation. Automobile manufacturers, the major customers of these companies, have stopped taking finished products from them amid the uncertainty over the GST slabs and…
MSME Ministry marks first UN MSME Day by launching “Digital MSME” scheme
Union MSME Minister Kalraj Mishra launched the “Digital MSME” scheme for promotion of ICT in the sector, during the celebration of first UN Micro, Small and Medium-sized Enterprises Day on June 27 in New Delhi. The scheme will be implemented with a total budget of Rs 85.705 crore alon…
Don’t wait for last day to file returns, cautions GSTN Chairman
New Delhi: Despite the GST Council giving a one-month extension in filing returns under the new indirect tax regime, businesses should start uploading invoices much earlier, says Goods and Services Tax Network (GSTN) Chairman Navin Kumar. He cautioned against delays on the portal near the deadlin…
World Bank clears $250 m loan for Skill India mission
The World Bank has cleared a $250 million loan for making Indian youth more employable through reskilling, in a move that is seen to aid the Skill India mission. The multi-lateral lender is keen to support the Indian government in its efforts to better equip the young workforce with employable sk…
Fintech start-up Stashfin raises $5 m funding from snow leopard ventures, others
Delhi-based fintech start-up Stashfin has raised $5 Mn Pre-Series A funding from Snow Leopard Ventures and Singapore-based Alto Partners. Snow Leopard Ventures is the VC arm of the Kirloskar Group. Managing Partners at executive search firm Positive Moves, Vibhav Dhawan and Praveen Malhotra; Aven…
Ahead of GST rollout, TDS for online sellers deferred
Merchants selling goods through e-Commerce platforms and companies, supplying goods and services to various government agencies, have got more time to prepare for a system of tax collected at the source with the government on June 26, deferring enforcement of this requirement under the goods and …