Carry your umbrellas as the Monsoon Session of Parliament is expected to rain bills. From Goods and Services Tax (GST) to MSME Development (Amendment) Bill, this hot and humid session has a lot on its plate for the MSME Sector. A total of 11 Bills are pending in the Lok Sabha and there are as [&h…
Tag: SME
GST Bill likely to pass in Monsoon session; SMEs bullish on the turn around
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…
‘Ads Jack’India’s first ever app launched to bridge gap between advertisers & viewers
E Mind Computing released India’s first ever incentive based app ‘Ads Jack’ for Android phones. It is an innovative digital marketing application, loaded with informative, innovative and interesting ads. Ads Jack is a complete user engagement platform, where viewers can browse through the product…
Consumer, SME loan market to reach $3 trillion in 10 years: Report
With the government taking various initiatives for hassle-free and cashless financial transactions, the consumer and SME loan market is expected to grow to $3,020 billion over the next decade, says a Credit Suisse report. As per the report by the Swiss brokerage, the domestic financial landscape …
Government redefines SME status for small jewellers
In a relief to SME jewellers, the government increased excise duty exemption limit for small and medium enterprise (SME) sector to Rs 10 crore from Rs 6 crore, waived the levy on sale of traded goods and relaxed various procedural norms, reports media. Accepting the recommendations of a panel, th…
UP Govt. to notify Rs.10 lakh subsidy for plant & machinery in Micro and SSI Units
UP Govt. to soon notify Rs.10 Lakh worth of subsidy for plant and machinery in Micro and SSI Units from presently Rs.2 Lakh, says Assistant Commissioner, Noida The Government of Uttar Pradesh is going to enhance the subsidy element for plant and machinery deployed in units of micro and small scal…
#SuperSMEawards salutes the Shining stars of Indian SME Sector
The inaugural edition of the‘SMEpost.com – WASME Super SME Awards 2016’ was held on July 09, at the PHD House, New Delhi. These awards have been constituted to celebrate the Success Stories of Indian SME Sector who have scored big through innovative thinking, operational efficiency, futuristic st…
SMEs need flexibility in repayment instruments & schedules | Harsh Chamria, SME Business Head, Magma Fincorp
Driven by single, purposeful goal – investing in the smallest dream – Magma Fincorp’s 26 years’ experience as financier has enabled the company to extend support to the masses that have been excluded by the traditional financial systems. When it comes to getting the business up and running, Magma…
Government mulling to start rating MSMEs on 50 parameters
The government plans to soon start rating Micro, Small and Medium Enterprises on 50 parameters and classifying them into five categories as part of an initiative that is in sync with the Make in India programme and Prime Minister Narendra Modi’s call for “zero defect” manufactur…
CAPC being formed for defaulters of loans | MSME Minister makes announcement at Super SME Awards
Micro, Small and Medium Enterprises (MSME) should stop worrying about being declared as non performing assets (NPA) if they fail to repay loan for three months. MSME Ministry in collaboration with the Finance Ministry has worked out a plan for ease of business of MSMEs. The scheme covers not only…