In a bid to promote the state’s Micro Small and Medium Enterprises (MSME) and highlight the work of handloom weavers and craftsmen, the West Bengal government has decided to construct a shopping mall in Kolkata. “The Bengal government has decided to construct a Biswa Bangla Mall on EM Bypass,” so…
Tag: MSME sector
Note ban kills MSME sector’s window before going cashless for GST
Hyderabad: What has demonetisation done to the struggling and attention-sought Micro, Small and Medium Enterpises (MSMEs)? These industries which were directed to go cashless before the implementation of Goods and Service Tax (GST), expected in about four more months, have been forced to go digit…
3-day vendor development program to connect MSMEs with major buyers
The 5th Edition of National Vendor Development Programme 2016, will be held here from December 14, which would act as a platform to connect PSUs, major buyers with MSMEs. About 60 vendors will exhibit their machining facilities and capability and 20 outsourcing firms and PSUs such as HAL, BHEL, R…
Demonetisation | Steps to boost spending needed on urgent basis, waiting till budget may prove futile
Demonetisation is not just causing hardships for the common man it is also shifting the focus of the economic policy maker from the future to the near term. Finance Ministry officials are reacting almost every day to address the demonetisation challenges. In the process, they may be losing the pl…
New GST rates likely to hit silk fabrics, garments exports
According to Rajendra Kumar Kapoor, President of the Silk Association of India, most of the manufacturers and exporters in this sector belong are most micro, small and medium enterprises (or MSMEs) and unless necessary exemptions are introduced, exports would suffer. Cumbersome process Kapoor, du…
World is waiting for us, we are not small anymore: PM at National MSME Awards
Small is turning big! It was evident when Prime Minister Narendra Modi gave away National MSME Awards to 227 industrialists from across the country in Ludhiana, on 18 October. Modi also launched the two most awaited schemes, National SC/ST hub and Zero Defect Zero Effect (ZED). Earlier, Modi reac…
Banking on the South
Even as public sector banks continue to be weighed by weak credit growth and poor asset quality, a few small regional private banks that continue to deliver healthy growth in loans and earnings offer a good opportunity for investors. City Union Bank that has a strong foothold in South India has b…
RBL Bank, NeoGrowth & OPIC sign pact for SME financing in India
RBL Bank Limited, NeoGrowth Credit Pvt. Ltd and Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance Institution have jointly committed to provide financing for small and medium enterprises (SMEs) in the Indian retail space. RBL Bank, one of India’s fastest g…
GST to provide MSMEs level playing field
Ahmedabad: The Goods and Services Tax (GST) Bill will boost the competitiveness of MSMEs and create a level playing field for organized and unorganized sectors, said experts at a manufacturing conclave held by Confederation of Indian Industries (CII) on September 27. “One of the major benef…
Furnishing details on the data bank is compulsory for all MSMEs: MSME Secy
K K Jalan, Secretary, Ministry of Micro, Small and Medium Enterprises (MSME), on September 19 urged the Micro, Small and Medium Enterprises (MSMEs) in the country to update the details of their enterprises on the MSME data bank. This, he said was mandatory, the updated data would be used for evol…