Financial advisory services provider Resurgent India, has requested the government to extend non-performing asset (NPA) recognition norms for MSMEs to 180 days from the current three months period as they have been facing difficult time. The micro, small and medium enterprises (MSMEs) have h…
Tag: MSME
MSME Ministry’s digital affair blossoms; To launch ICT scheme on Int’l MSME Day
Driving the Digital India dream is at the heartland of MSME Ministry. The ministry is lately in the process of implementing a “Digital MSME” Scheme for the promotion of Information & Communication Technology (ICT) in MSME Sector, and to motivate MSMEs to adopt ICT tools and applic…
Good news @ NE MSMEs: Assam comes up with Bamboo Technology Park
Assam has come up with a Bamboo Technology Park with an investment is Rs 62.28 crore in Chaygaon in Industrial Growth Centre in the vicinity of Guwahati. Assam Chief Minister inaugurated the park on June 22. The CM said that North East Region accounts for 66 per cent of India’s bamboo. …
Will recommend review of GST, Nirmala Sitharaman assures industries
Union Minister, Nirmala Sitharaman, has assured trade and industry that their grievances on GST would be taken up with the government and she would personally recommend having a review three months after its implementation. Responding to queries about fixing the slab for different trades and…
‘MSMEs all set to embrace GST challenges’
The CII MSME Summit titled, ‘Breaking Barriers to Excellence: Unlocking Hidden Potential,’ echoed the preparedness of MSMEs to adopt the GST regime. Alongside, the MSMEs seek support from the government for training and awareness programmes on how to implement it, which is critical fo…
EEPC India opens Tech Centre in B’luru to help MSME engineering exporters
EEPC India, the apex organisation of the country’s engineering exporters, on June 22 launched the ‘EEPC India Technology Centre’ in Bengaluru with an active support from the Ministry of Commerce and Industry, an initiative aimed at making Indian exports competitive in the world market …
Haryana govt’s power-tariff to soon boost MSMEs
To compete with the neighbouring state of Punjab, the Manohar Lal Khattar led Haryana government has decided to boost the micro, small and medium scale industries with concessions in power rates. The sector will soon get electricity at the rate of Rs 5 per unit, with a relief of Re 1 pe…
Mamata Banerjee appeals Dutch investors to invest in Bengal
West Bengal Chief Minister Mamata Banerjee on June 21, appealed to Dutch investors along with Italian and German industrialists to invest in the state. “Come to Bengal and ride the growth because the state has the sustainable development in every angle. The state has improved a lot after the 34 y…
DIPP constitutes 6 groups for preparing new industrial policy
The commerce and industry Ministry has constituted six groups for preparing a framework for the country’s new industrial policy that includes taxation, MSME and innovation, among others. The Department of industrial Policy and Promotion (DIPP), under the commerce ministry, is working on thi…
GST risky for SME lenders due to near-term uncertainty: Ambit Capital
The implementation of goods and services tax (GST) and continued impact of demonetisation in some segments are likely to be high asset quality risks for small and medium enterprise (SME) lenders, said Ambit Capital Pvt. Ltd. According to the brokerage firm, many micro, small and medium enterprise…