Manufacturing sector fell sharply to 1.2 per cent from 10.7 per cent, with the predominant pressure coming from the private sector small and medium-sized enterprise (SME) segment.
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Tag: GDP
Economy sustenance lies on back of MSMEs: External Affairs MoS V K Singh
The MoS is bullish that the growth of MSME sector will play a big role in nation building
Highlights the “great push” given to start-ups by Central government to create new jobs
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India’s growth story is not inevitable: Former RBI governor D Subbarao
Former Reserve Bank of India governor Duvvuri Subbarao has said that there are several challenges that need to be addressed before the Indian economy could take off. “India’s growth story is not inevitable,” he said. He was delivering the inaugural anniversary lecture: “India: Will the Elephant s…
Payments solutions start-up Ezetap raises $16 m from Jonathan Soros, other investors
Bangalore based payments solutions company Ezetap has raised $16 million in funding from Jonathan Soros owned US-based venture capital fund JS Capital Management and other investors, taking total funding in the firm to $51 million. Chamath Palihapitiya founded Social Capital also invested in this…
New industrial policy to focus on MSME growth
Chandigarh: Signifying a drastic shift in attracting industry, the Congress government is focusing on the micro, small and medium enterprise (MSME) investors rather than the big-ticket ones. On the cards is a dedicated organisation to accelerate their growth, development of common environmen…
Entrepreneurial ambition among the workforce is highest in India: Survey
Entrepreneurial ambition among the workforce is highest in India, with 56% of respondents in a survey indicating that they are considering leaving current jobs to start their own business. According to the Randstad Workmonitor survey, 83% of the Indian workforce would like to be an entrepreneur, …
‘GSTN & UPI will extend lending hands to finance starving MSMEs’
GSTN will bring online seven million organizations and five billion invoices every month, while street-side micro-entrepreneurs will soon be able to leverage their transaction data through Unified Payment Interface (UPI) apps to access micro-loans
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NSIC launches GST helpline to help MSMEs undergo transition
National Small Industries Corporation (NSIC) has launched a GST helpline to help MSMEs conduct their business under the new tax regime. The helpline comes as part of the Corporation’s earlier launched GST information campaign. The helpline comes to assist MSMEs undergo the GST transition and unde…
Evening Post | July 10, 2017 | GST to boost MSME competitiveness | Lean manufacturing & tech are tools of manufacturing hub
GST to boost MSME competitiveness & help industry contribute $280 b to GDP by 2026: Study Industry is estimated to contribute $280 billion to India’s GDP by 2026 as a positive fall-out of the Goods and Services Tax, says a joint report titled ‘Emerging Mantras for Bankers-Borro…
GST to double GDP growth in 8-9 years: Suresh Prabhu
Implementation of the goods and services tax (GST) will double the gross domestic product (GDP) in the next 8-9 years, Union Minister for Railways Suresh Prabhu has said. He said, “The GST aims at increasing the number of taxpayers. And, as the tax revenue rises, the GDP will also increase.…