Telangana has registered investments of Rs. 73,000 crore since the launch of TS-IPASS in 2015, the new industrial policy launched by the state government. Telangana Minister for Industries and IT K. T. Rama Rao released the Department’s Annual Report-2017. In the third year of the State of …
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‘Blockchain-based loans may rescue SMEs without other funding options’
The strength of every nation’s economy is usually a direct reflection of the viability of the small and medium scale enterprise (SME) sector. The impact of SMEs on the Gross Domestic Product (GDP) of nations cannot be over-emphasized. In most cases, especially developing countries, SMEs account f…
Modi to hold first bilateral meeting with Trump on June 26
Prime Minister Narendra Modi will on June 26 hold talks with President Donald Trump on a range of issues, including terrorism and India’s concerns over possible changes in H-1B visa rules, in their first bilateral meeting after the new administration took over in the US. The External Affairs Mini…
Alibaba cloud to open its first data centre in India by early 2018
Alibaba Cloud, the cloud computing arm of Chinese e-Commerce company Alibaba Group, has announced that it will open its first data center, in India by early 2018. Revenue from Alibaba’s cloud business is growing at twice the rate of its core e-Commerce. Sure, growth has been slowing and there are…
Lower GST on job work of textile yarn to help SMEs: CITI
Reduction in GST rates on job work of textile yarn and fabric manufacturing to 5 per cent from 18 per cent will give a leg-up to SMEs in power loom, knitting and processing sectors, said CITI. According to Chairman of the Confederation of Indian Textile Industry (CITI) J Thulasidharan, reduction …
SMEs will benefit from composition scheme, says CBEC chief
Central Board of Excise and Customs (CBEC) Chairperson Vanaja Sarna has said that small and medium enterprises engaged in trade, manufacturing and restaurants business will benefit under the new limit of the Composition Scheme for the GST. “Everybody will get the benefit, those who are already li…
Bengal MSME incentive scheme to go online soon
West Bengal incentive scheme for MSMEs is set to go online soon. “In the next 10 days we will taking the WBIS 2013 for MSMEs online. With this, now no one will be required to come physically for incentives,” said Vijay Bharti, Director, West Bengal MSME. “Application, tracking a…
Rashesh Shah to lead biz delegation to South Korea for promoting Indo-Korean Economic Partnership
A high-powered FICCI business delegation led by Rashesh Shah, Senior Vice President, FICCI, and Chairman & CEO, Edelweiss Group, is accompanying Finance Minister Arun Jaitley to South Korea from 14-15 June 2017 to enhance the bilateral economic engagement and business co-operation between the…
Indian SMEs can save themselves from getting offline-zoned, here’s how?
In quest of opportunities in the boundless space of digital arena where every business entity is striving hard to make its digital presence strong, are Indian Small and Medium Businesses (SMBs) are lagging behind in the race The MSME sector has driven its growth for years through its unaltered tr…
Sparks of another Street: SMEs outshine main companies
Mumbai: Companies listed on the exchange platform for smaller enterprises have outperformed those on the main board in the last one year as the stock market euphoria drove demand for the lesser-known names.While the BSE’s SME IPO Index -comprising shares that debuted on the Small and M…