Union government’s Make in India programme is just a mirage for the small and medium pharma companies because drug manufacturing is capital intensive activity. Instead the sector is grappling with rigid price controls and ban on fixed dose combination (FDC) issues, said Anjan K Roy, founder, RL F…
Tag: MSME
No excuse for firms not to be ready for GST: Arun Jaitley
Finance Minister said enough time has been given for GST preparation He claimed 6.5 million firms have registered for GST He also said he expected there to be “some challenges” in the short term after the launch Companies have been allowed to file simplified, aggregate tax returns in …
India needs its MSMEs to go cashless: Report
Almost eight months after demonetisation, India is slinking back to using cash as its primary mode of financial transactions. While the government has undertaken several initiatives to induce the consumers to go digital, a report by the Boston Consulting Group (BCG) predicts that it would be far …
TIIC conducts loan mela for MSMEs
Tamil Nadu Industrial Investment Corporation (TIIC) is aiming to disburse loans to the tune of Rs1,800 crore for entrepreneurs, micro, small and medium enterprises across the State, said a top official here on June 19. Kirubakaran, General Manager, TIIC (Projects), said that the State-run financi…
View Point: ‘SME sector should get 6 months to ingest complexities of GST’
In its bid to get the maximum number of firms and individuals under the tax bracket, the Union government is boldly going ahead with the implementation of the game-changing reform of Goods and Services Tax (GST). This sort of tax disruption, virtually unprecedented in the country, might boost the…
Haryana to develop 25 clusters through mini-cluster scheme in two years
Minister of Industry and Commerce of Haryana Government, Vipul Goel has said that the state government has initiated several initiatives for the development of micro, small and medium enterprises (MSMEs). With focus on cluster development, the state will initiate tasks to provide technical suppor…
Industrial goods manufacturers not in hurry to clear pre-GST stock
They want GST roll-out to be delayed so that the MSME manufacturers can take details of the stock. Manufacturers of industrial goods, components and products such as pumpsets do not seem to be in a hurry to clear the stocks with them before GST is implemented. According to some of them here, the …
RBI working on co-origination model for MSMEs
The Reserve Bank of India is working towards a formal co-origination model to give a boost to the flow of credit to the Micro, Small and Medium Enterprises (MSME) sector, SS Mundra, Deputy Governor, said. A Co-Origination model is not about a bank financing a micro-finance institution (MFI) or no…
Haryana rolls out draft Aerospace & Defence policy; Aims to leverage MSMEs
The Haryana government has come out with a draft Aerospace and Defence Policy 2017 to provide investors in the sector with an “enabling business eco-system” in the state. The policy will also help Haryana in becoming a “thriving” aerospace and defence manufacturing hub, an…
NSDL e-Governance & Thomson Reuters ink pact to offer joint solution for GST
Thomson Reuters and NSDL e-Governance have joined hands to offer an integrated Goods and Service Tax (GST) proposition for large and mid-sized corporations in India. Based on a Memorandum of Understanding (MoU) signed on June 15, the solution will enable seamless calculation and filing of returns…