Mundra said there are many “strong and logical” reasons to showcase the importance of the MSME sector in strengthening banking industry because big industrial loans have huge problems and banks cannot merely rely on consumer and/or retail loans.
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Tag: Policy
National Flag, temple offerings and Gandhi caps will need e-waybills under GST
The National Flag, temple prasadam, khadi fabric, and Gandhi caps may be exempt from Goods and Services Tax, but for their transportation, the Centre is considering mandating the generation of e-waybills once that system is operationalised. Transporting currency, LPG, and kerosene oil, however, w…
Mid-term foreign trade policy to be out before GST roll out: Sitharaman
New Delhi: Commerce Minister Nirmala Sitharaman has said the revised mid-term foreign trade policy (FTP) is to be announced few days ahead of July 1, the scheduled date for the Goods and Services Tax roll out. After holding a meeting with various stakeholders, including exporters as part mid-term…
उत्तर प्रदेश: नई उद्योग नीति लाएगी योगी सरकार, रोजगार बढ़ाने पर विशेष ध्यान
उत्तरप्रदेश की नई योगी सरकार की 4 अप्रैल (मंगलवार) को हुयी पहली कैबिनेट बैठक में नई उद्योग नीति बनाने का फैसला लिया गया है। सरकार का कहना है कि इससे राज्य के उद्योगों का बड़े पैमाने पर विकास होगा और युवाओं को रोजगार मिलेगा। इस घोषणा के बाद से राज्य के सूक्ष्म, लघु और मध्यम […]
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Monetary Policy: RBI keeps repo rate unchanged at 6.25%
The Reserve Bank of India (RBI) on December 7 kept its key lending rate —the repo rate—unchanged at 6.25 percent dashing hopes of lower borrowing costs arresting the demonetisation-induced slide in spending and investment. The six-member monetary policy committee (MPC) headed by RBI Governor Urji…
Investors say Angel Tax exemption will not benefit several startups
The government’s much-lauded decision to repeal the controversial ‘angel tax’ will not benefit several startups because of the riders attached in the new regulation, industry leaders said. ‘Angel tax’, or tax on investments in startups, was considered regressive by a…
Policy changes to bring more startups in medium industry
The government is considering policy changes to broaden and energise one of PM Narendra Modi’s pet initiatives, Startup India, to include a bigger number of startups under the ‘medium industry’ category that would be eligible for public procurement incentive and preferential ben…
Cutting influence of big businesses is good, but strengthen SME policies
Narendra Modi’s government is completing its two years and while several things have changed people’s expectations is that more could be done. But what is it that can be done if real change has to happen. What is needed is not always what business particularly big business wants. One thing that h…
Only 15% institutional funding for SMEs | Assocham & CRISIL Study
CRISIL in association with Associated Chambers of Commerce and Industry of India (Assocham), analysed 12,000 micro enterprises (rated between January 2010 and September 2015) to understand the scenario with regard to financial inclusion among micro enterprises – those with annual turnover o…