The government will set an advisory board to fix minimum wages for various sectors applicable across the country, a senior official of the labour Ministry said. “The government would constitute an Advisory Board to fix the National Minimum Wages for employees and such wages differ and vary sector…
Tag: SME News
Nasscom Product Council plans to start an education initiative with Tel Aviv University
On the sidelines of Nasscom Product Council and IT consulting major Accenture’s recent visit to Israel to form a pact with Israel Innovation Authority, the former plans to start an education initiative with Tel Aviv University, identify one accelerator partner and p…
How fintech players can help banks bridge the gap in SME lending in India
Before the Indian government liberalized the economy in 1991, the success of businesses in India depended mostly on government contacts, licenses, bureaucracy and ambition. Today, the competitive landscape is much more diverse, with family businesses having to compete with MNCs for better technol…
Maharashtra records highest growth rate of 129% in MSME registrations
Maharashtra has logged the highest growth in entrepreneur registrations, pipping Gujarat which has outperformed other industrial parameters. Maharashtra has recorded highest growth rate of over 129% in terms of registration of micro, small and medium enterprises (MSMEs) under entrepreneurs memora…
AP CM to lay foundation stone for 75 MSME companies
The land at Veerapanenigudem had already been allotted and it was done through a lottery system to 75 companies.
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Mann Ki Baat: Khadi is not a fabric, it is an idea; PM pitches to popularise it
Using his Maan ki Baat platform which had just turned 3 years, Narendra Modi urged the people of the country to buy Khadi garments on Mahatma Gandhi’s birth anniversary.
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NITI Aayog to prepare roadmap for pushing domestic manufacturing of lightweight body armours
New Delhi : The Prime Minister’s Office (PMO) has asked the Niti Aayog to set up an inter-ministerial empowered committee to prepare a roadmap to ‘encourage domestic manufacturing’ of lightweight body armours for the army and para-military forces. The committee, according to a senior governm…
TN govt plans to introduce a business facilitation Bill for ease of doing biz
The Tamil Nadu government is planning to introduce a business facilitation Bill next month that will be backed by a legislation to put the state on the investment map again. The state has slipped from the 12th to the 18th spot this year in ease of doing business rankings, rele…
DIPP to rank States & UTs on basis of measures taken to promote entrepreneurship
The DIPP with the help of World Bank already ranks states in terms of measures they are taking to promote ease of doing business.
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Easy SME loans, disinvestment can dig economy out of the slump: Arvind Subramanian
New Delhi: Putting more money into the hands of consumers this festive season, easier loans to SMEs and expediting disinvestment are among the steps being considered as part of a stimulus package to dig the economy out of its deepest slump in three years, according to officials. Also on the …