Srinagar: Jammu and Kashmir Finance Minister Haseeb Drabu criticized banks and financial institutions across India for their laziness by not lending to small enterprises thus pushing a sector that produces 45 percent of the manufactured output, backwards and discouraging entre…
Tag: SME News
GST Council meeting today, MSMEs, exporters may get relief package
New Delhi: The Goods and Services Tax Council (GST Council) chaired by Finance Minister Arun Jaitley is likely to announce on October 6 a special package for micro, small and medium enterprises (MSMEs) that will, among other things, address the concerns of exporters, as policymakers explore ways …
India’s manufacturing sector picking up the pieces after GST kicks in
Business conditions among manufacturers saw a modest improvement in September, supported by better output and new orders. The Nikkei Purchasing Managers’ Index (PMI), a monthly survey, showed that manufacturing PMI remained unchanged at 51.2 in September. With that, PMI breached the 50-mark for t…
CII offers suggestions to Indian govt on GST rules
Praising various efforts for successful transition of businesses to the goods and services tax (GST) regime, Confederation of Indian Industry (CII) director general Chandrajit Banerjee has urged the government to extend the provisional input tax credit period by six months from the current two fo…
‘To save Make in India, fix GST for small and medium businesses’
Quarterly filing and higher turnover limits need to be intertwined to stop the GST from becoming a car-wreck for the country’s SMEs
…
PurpleYo looks to raise $15 m by year-end
Mumbai: PurpleYo, an online market place for commercial real estate in India, is looking to raise $15 million for its expansion. The data and analytics firm said it is also eyeing co-working space and lending opportunities to SME players. “Our attempt was to create a marketplace model for co…
Govt & GST Council open to reconsidering decisions: Revenue Secy Hasmukh Adhia
“It appears to us that there is some amount of normalcy because destocking had happened on the manufacturer side but now restocking has started”
…
Small firms with poor financials in vulnerable position: RBI report
Bolstering funding sources for liquidity-starved small units important to arrest next NPA wave
…
Here’s why India’s small businesses are sitting ducks for cyber criminals
A survey conducted by cyber security firm ESET in the Asia Pacific region in 2016, found that Indian SMEs have been the most vulnerable to cyber attacks in the past three years
…
Charkha to provide jobs to 5 cr women in next five years: Giriraj Singh
Five pilot projects commissioned in Varanasi, Nawada and other places would ensure a regular income between Rs 6,000 and Rs 10,000 to each of the women
…