Policy

FDI-in-defence

MSMEs can boost India’s defence exports with policy support

India is one of the largest importers of conventional defence equipment and spends about 31.1% of its total defence budget on capital acquisitions and about 60% of its defence requirements being import dependent. Between 2006-10 and 2011-15 India’s defence imports increased by almost 90 per…

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Monetary Policy: RBI keeps repo rate unchanged at 6.25%

The Reserve Bank of India (RBI) on December 7 kept its key lending rate —the repo rate—unchanged at 6.25 percent dashing hopes of lower borrowing costs arresting the demonetisation-induced slide in spending and investment. The six-member monetary policy committee (MPC) headed by RBI Governor Urji…

Govt eyes Australia, Africa to boost textile exports

Govt to review new Textile Policy

The government will soon convene a meeting to seek states’ views and inputs on the new National Textile Policy. The policy aims to achieve $300 billion textile exports by 2024-25 and create an additional 35 million jobs. “The Textile Ministry will organise a special meeting with states to seek th…

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CII lists a host of steps to make ‘Procurement Policy’ a success

Concerned about a majority of state-owned firms not meeting the norm of 20 per cent Procurement from Micro and Small Enterprises, CII has called for a strong co-ordination mechanism between the Ministry of MSME and other stakeholders. The industry body is in the process of submitting a set of sug…

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Haryana formulates public procurement policy for MSMEs

Haryana Government has formulated a public procurement policy for Micro, Small and Medium Enterprises (MSMEs), state Finance Minister Abhimanyu said on October 2nd. He said that the policy would help promote MSMEs by improving their market access and competitiveness through increased participatio…

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Start-up policy launched to set up MSME units in MP

Bhopal: First-of-its-kind start-up policy was launched by Union Minister for Micro, Small and Medium Enterprises (MSME) Kalraj Mishra and Chief Minister Shivraj Singh Chouhan during the inaugural session of two-day MSME convention on October 1. Chouhan said facilities and assistance given to set …

multi-skill

Telangana likely to announce skills policy in November

Telangana government is formulating its skills policy and may announce it in November, a senior official said. “We at Telagnana government are formulating our own skill policy. This skill policy, termed as ‘Telangana State Skill Mission’, will be launched very soon, may be in th…