Union Budget

39 Clusters under SFURTI to be approved | Kalraj Mishra

Union MSME Minister Kalraj Mishra highlighted Scheme of Fund for Regeneration of Traditional Industries (SFURTI) during a press conference. He said 39 clusters under SFURTI would be approved with an approximate cost of Rs. 60 crores. It would be benefiting more than 10,000 artisans. The Scheme is…

Rs. 3000 crores for development of MSME sector | Kalraj Mishra

Union MSME Minister Kalraj Mishra has said that out of Rs. 3000 crore allocation to his Ministry, more than Rs. 1100 crore will be used for generating employment for more than 4,25,000 persons under Prime Minister Employment Generation Programme (PMEGP). He also stated that Rs. 130 crore has been…

Budget evokes mixed response from MIA

The Union Budget has evoked mixed reactions from the Mysore Industries Association (MIA). It has said that the budget provided measures for the overall economic development of the nation, but had nothing in specific for the Micro, Small and Medium Enterprises (MSME) sector. Vishwanath, MIA Presid…

Budget will boost many sectors in Goa | CM

Stating that the Union Budget would be win-win situation for Goa, Chief Minister Laxmikant Parsekar on February 29 said that each village panchayat in the state will get Rs 80 lakh, while each Municipal Council will get Rs 21 crore from the Central Government in the coming financial year. Stating…

Jewellery duty may dim start-ups’ prospects

Finance Minister Arun Jaitley’s Budget announcements were in line with the expectations of most start-ups. It was an affirmation of what had been promised by Prime Minister Narendra Modi at the ‘Startup India’ initiative in January. However, the proposed one per cent excise duty on branded jewell…

Govt contribution to Employee Pension Scheme to help MSMEs

Union Budget for 2016-17 has evoked mixed responses from MSME (Micro, Small and Medium Enterprises) sector in Dakshina Kannada district. B A Nazeer, President of Canara Plastic Manufacturers’ and Traders’ Association (CPMTA), told that the initiative to pay the Employee Pension Scheme contributio…