Prime Minister Narendra Modi will be the chief guest of the MSME national awards program to be held at Punjab Agricultural Univeristy, Ludhiana on 27th September. This was confirmed by Minister of State for Micro Small and Medium Enterprises (MSME) Giriraj Singh, who himself will visit Ludhiana o…
Tag: Narendra Modi
Cabinet approves exchange of tariff concessions under the fourth round of negotiations APTA
The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the exchange of tariff concessions, on Margin of Preference basis, under the Fourth Round of Negotiations under the Asia Pacific Trade Agreement and related amendments. The Asia Pacific Trade Agreement or APTA (formerly …
Govt rule on Chinese reflectors hampers 8k cr bicycle industry
Bicycle came to India in 1890 and complete ban on imports of bicycle was announced by the Government in July, 1953 but now this industry might have to depend on import once again. Yes, Bicycle Industry in India is in new trouble, thanks to an order issued by government. Department of Industrial P…
Small businessmen wary of retro tax demand under GST mechanism
The Goods and Services Tax (GST) has been heralded as India’s biggest reform since the 1991 liberalisation but one aspect of it has made certain small businesses nervous. Given that it will be virtually impossible to escape the tax net once the new levy is implemented, will this make them f…
Cabinet approves recent changes in FDI policy
Cabinet on August 31 gave its approval to the “radical” changes in the foreign direct investment regime that had sought to increased FDI to 100 percent in defence and liberalised the policy for several other sectors. On June 20, the government had “radically liberalised” t…
Khadi can generate employment opportunities: Agri Minister
Motihari: Inaugurating the Khadi Kamgar Sammelan organized by the Khadi Gramodyog Commission on August 22 at the local town hall, Union Minister Radha Mohan Singh said Khadi has power to generate employment to crores of people. “Khadi has now become a brand and the fabric is now popular amo…
Thrust on MSME sector for creating job opportunities: Amit Shah
BJP President Amit Shah, who was in the city on August 19, 2016 for a ground-breaking ceremony of the MSME Development Institute in Ahmedabad, said that post-independence the BJP government took a “holistic view” of industries and framed policies for “Khadi” as well as for big companies in India…
DIPP to set credit fund norms for startups
Startups are one step closer to being able to borrow money, with the Department of Industrial Policy & Promotion (DIPP) given charge of framing guidelines for a credit guarantee fund for them. “Earlier, the matter was being dealt with by the department of finance. We have started the wo…
Chhattisgarh gets a MSME centre in Durg district
A Micro Small and Medium Enterprises (MSME) technology center will be set up at Borai Industrial area in Durg district of Chhattisgarh. Union Minister for MSME Kalraj Mishra on August 12 laid foundation stone for the MSME center or a tool room at village Rasmada. This MSME centre is the 12th in c…
GST to cut red tape, help SME sector, says West Bengal Finance Minister
The uniform Goods and Services Tax (GST) is going to benefit Small and Medium Enterprises (SME) the most by way of cutting down bureaucracy and the existing layered tax structure, West Bengal Finance Minister Amit Mitra said. Mitra said SMEs feed large industries and that this is the most labour-…