With the Monsoon Session kicking off, small and medium business players seem enthused by the likeness of Goods and Services Tax (GST) Bill being passed by the Parliament. The NDA government has sought an all-party support in the passage of this long-pending bill, which seeks to create a uniform i…
Tag: Lok Sabha
Industrialists seek revision in investment limit for MSMEs
Even as inflation has soared to a new high, the Union government has not revised the investment limit for the Micro, Small and Medium Enterprises (MSME) for many years. Entrepreneurs say it has resulted in hindering its necessary expansion and modernisation of its machineries to compete with the …
Govt drops cap gains tax on startup shares held for 2 yrs
In a fresh boost to startups, the government on May 5 inserted an amendment to the Finance Bill to provide for capital gains tax exemption if shares of an unlisted company were held for more than two years. Currently, there is no capital gains tax on share transactions in listed companies if thos…
Trade Facilitation Agreement envisages faster clearances & transparency in trade process | Nirmala Sitharaman
The MoS for Commerce & Industry, Nirmala Sitharaman said that Trade Facilitation Agreement (TFA) envisages faster clearances and reduction of red tapism at the borders and would thereby help in the ease of doing business. She said that ratification of the TFA is bound to change the Indian tra…
Central Govt to review ceiling limit for MSMEs
The proposal to revise ceiling limits for Micro, Small and Medium Enterprises (MSMEs) is already before the Standing Committee of the Lok Sabha, said Giriraj Singh, Minister of State for Micro, Small and Medium Enterprises. He was speaking at an interaction meet held on March 11. Singh was respon…
Rs 500 crore NSDC soft loans to 157 training partners: Govt
The National Skill Development Corporation (NSDC) has disbursed soft loans worth nearly Rs 500 crore to as many as 157 training partners during the last three years, Parliament was informed today. While Rs 236.76 crore was given in 2013-14, Rs 135.78 crore and Rs 122.57 crore was given in 2014-15…
IPR awareness drive amongst MSMEs to enhance competitiveness
Ministry of Micro Small and Medium Enterprises has launched a scheme to build awareness on Intellectual Property Rights (IPRs) among MSMEs. The aim of this scheme is to enhance competitiveness of MSMEs under the National Manufacturing Competitiveness Programme (NMCP). Apparently, only one MSME h…
Govt to encourage toy making in MSME | Giriraj Singh, MoS, MSME
Stung by cheap imports of Chinese toys, the government has come out with plans to promote and develop toys in the Micro, Small and Medium Enterprises in the country. The MSME Ministry has already come out with various schemes and programmes in designing, market assistance, technology up gradation…
Over 5 lakh sick units in MSME sector as of March 2015 | Giriraj Singh
As per provisional data compiled by the Reserve Bank of India (RBI) the number of sick micro, small and medium enterprises (MSMEs) in March, 2015 was 5, 37, 286. This was informed by the Minister of State, Micro, Small and Medium Enterprises, Giriraj Singh in a written reply to a question in Lok …