Government will soon bring all the employees both in formal and informal sectors under Social Security scheme. Indicating this, Labour Secretary Shankar Aggarwal, told a recent CII conclave government is also contemplating a new law to ensure minimum wages are paid to every worker so that there…
Policy
MSMEs major beneficiary of 3 per cent interest subsidy scheme
The Micro, Small and Medium Enterprises (MSMEs) will be the biggest beneficiary of the recently announced 3 per cent interest subsidy scheme for exporters. The scheme assumes significance for the sector as credit is the major issue which restricts growth of the segment, which contributes about 45…
Govt. evolving a comprehensive DPP to boost defense production by MSMEs – Manohar Parrikar
Defence Minister Manohar Parrikar on Saturday said government would soon come out with a comprehensive defence procurement procedure (DPP) to boost defence production by India Inc, particularly by MSMEs. Addressing a PHD chamber session on ‘Self Reliance in Defence Production, Parrikar acknowled…
MSME Ministry takes number of initiatives to go Digital
As part of Prime Minister Narendra Modi’s Digital India intiative, The Ministry of Micro, Small and Medium enterprises has taken number of steps digitalization including launching of digital employment exchange to boost job creation in view of the vast potential. The digital employment exchange…
MSME Ministry to boost Khadi, will drive employment particularly in rural India
Khadi and Village Industries Commission training centres upgraded and modernized Khadi units infrastructure modernized Clusters planned to promote Khadi units in rural areas Khadi to be made market oriented Convergence in design of Khadi products by NID and NIFT Youth centric Khadi products plann…
UP SME products hog world fame
LUCKNOW: Uttar Pradesh shelters about 4.4 million SME units – the highest in the country — with cities like Varanasi, Bhadohi, Moradabad and Aligarh carving out a niche for the world famous Banarasi saree, carpets, brassware and locks respectively. The micro, small and medium enterprise (MS…
Government to revise MSME definition
Parliament will soon amend Micro Small and Medium Enterprises Development Act to at least double the investment cap for MSMEs both in manufacturing and services sector. The amendment bill which has already been introduced Lok Sabha in April this year has been referred to Parliamentary standing co…
START-UPS MAY GET MAT EXEMPTIONS, IPR EARNING WAIVERS
The government has suggested exempting start-ups from the levy of minimum alternate tax (MAT), exemptions on earnings from intellectual property rights and a relief from the anti-abuse provisions with regards to capital gains tax, a senior official told The Indian Express. Listing out a slew of m…
RBI NOD TO THREE COMPANIES TO SET UP TRADE DISCOUNTING SYSTEM
The Reserve Bank of India on Tuesday granted an inprinciple approval to three companies to set up and operate a new Trade Receivables Discounting System (TReDS) under the Payment and Settlement System (PSS) Act 2007. A joint venture among the National Stock Exchange’s NSE Strategic Investme…
GOVT READIES NEW POLICY ON START-UPS
The government is working on a new start-up policy that will focus on manufacturing, seek to promote innovation, and also offer tax incentives to small unlisted start-ups. The aim, a government official familiar with the matter and speaking on condition of anonymity said, is to build an en…