Union Budget

ACMA looks forward to a growth oriented Budget

The Automotive Component Manufacturers Association (ACMA), the apex body for the Indian auto component industry has stressed on the need for an early implementation of GST in its recommendations to the Government for the forthcoming Union Budget for the year 2016-17. The auto component sector is …

‘Zero Effect, Zero Defect’ to get Budget push

The Budget might see allocation to the Zero Effect, Zero Defect (ZED) model, which aims to rate and help one million Small and Medium Enterprises (SMEs) deliver top quality products using clean technology. This will facilitate the government’s ‘Make in India’ campaign to boost manufacturing…

MSMEs can expect a number of enabling initiatives in Budget 2016

The significance of Micro, Small & Medium Enterprises (MSMEs) to India’s economic growth and prosperity is well established.  They provide the critical depth to the manufacturing and service sectors, foster entrepreneurship and generate substantial employment.  Close to 45 per cent of the tot…

FISME pre-budget suggestions to Finance Ministry

Union Finance Minister Arun Jaitley met the representatives from the industry bodies yesterday to hold pre-budget consultation with them. Federation of Indian Micro and Small & Medium Enterprises (FISME) wanted inter-state GST should precede full-fledged roll out of the game changing indirect…