The Goods and Services Tax (GST) will boost the competitiveness of micro, small and medium enterprises (MSMEs), noted a recent joint study by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Ashvin Parekh Advisory Services (APAS). “From a MSM…
Tag: ASSOCHAM
GST to bring thrust to country’s economy: India Inc
Tax revenues of the government would go up with expanded tax net, and fiscal deficit would remain under control. Further, exports would emerge as more competitive in global markets, while FDI is likely to be encouraged,
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RBI working on co-origination model for MSMEs
The Reserve Bank of India is working towards a formal co-origination model to give a boost to the flow of credit to the Micro, Small and Medium Enterprises (MSME) sector, SS Mundra, Deputy Governor, said. A Co-Origination model is not about a bank financing a micro-finance institution (MFI) or no…
Laghu Udyog Bharti demands sops for sick units in UP’s industrial policy
The proposed industrial policy of the Uttar Pradesh government has not gone down well with Laghu Udyog Bharti, which has demanded that certain points in the draft be reconsidered. Throwing a spanner in the policy, Laghu Udyog Bharti, associated with small scale industries and having a network of …
‘India’s SMEs need to be empowered with access to funds, not mere provisions of accounts & subsidies’
If India is to sustain its onward march of 7 percent-8 percent of annual economic growth, the 50-million strong Small and Medium Enterprises (SME) sector has a vital role to play. However, in their quest for growth, SMEs find working capital and timely access to it as serious concerns. A survey t…
Govt to operationalise 4 mega food parks in 3 months
The government on May 30 said it is working on a rapid pace for the development of the food processing sector and about four mega food parks will be made operational in the next three months. The industry is taking interest in the food processing sector as the government has received 300 proposal…
GST: जीएसटी का क्रियान्वयन उद्योगों के लिए चुनौती, कुछ तिमाहियों के लिए जुर्माने के प्रावधान में ढील दे सरकार : एसोचैम
वस्तु एवं सेवा कर (जीएसटी) का एक जुलाई से क्रियान्वयन उद्योग के लिए चुनौती है। उद्योग मंडल एसोचैम का मानना है कि सरकार को कुछ तिमाहियों के लिए जुर्माने के प्रावधान में ढील देनी चाहिए, जिससे लोगों को इस नई कर व्यवस्था के अनुपालन में मदद मिल सकेगी। सरकार जीएसटी को एक जुलाई से लागू […]
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GST: मोदी सरकार की अब तक की सबसे बड़ी उपलब्धि है जीएसटी | एसोचैम
उद्योग संगठन एसोचैम ने मोदी सरकार की कई उपलब्धियों में वस्तु एवं सेवा कर (जीएसटी) को सबसे बड़ी उपलब्धि बताया है। एनडीए सरकार ने अपने तीन सील के कार्यकाल को पूरा कर लिया है। एसोचैम ने सरकार के अब तक के कार्यकाल पर किये गए सर्वे में कहा है कि जीएसटी बिल जिसे एक देश […]
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Assocham urges Punjab government to announce comprehensive industrial policy for SME
Chandigarh: Apex industry body Assocham has mooted a proposal to the newly elected Government of Punjab for announcement of comprehensive industrial policy for the small medium enterprise (SMEs) and value addition to agri products. Assocham and Thought Arbitrage Research Institute (TARI) releas…
UP aims at job creation through venture capital funding of MSMEs
Lucknow: The state government has prepared a strategy to give fresh impetus to the small and medium scale industrial sector which is credited to play an important role in providing job opportunities and remove regional imbalances. The department of small-scale industries and export promotion is i…