The Union Ministry of Micro, Small and Medium Enterprises (MSMEs) received 4.40 lakh applications from entrepreneurs seeking assistance for setting up a business, Minister of State for MSME Haribhai Parthibhai Chaudhary said here on February 2nd. “I recently took a meeting of small entrepre…
Tag: MSME
Jaitley provides tax breaks to start-ups and SMEs, but their concerns remain
The Union Budget 2017 seeks to strengthen the push to a digital and cashless economy. It is good on intentions and takes baby steps towards a digital India, the move which was kick-started with the demonetisation drive. The Budget, which revolved around farmers, youth and affordable housing, also…
Budget 2017: Arun Jaitley announces sops for demonetisation-hit MSME
Reeling under the pressure of demonetisation, which has weeded out 86% of the country’s bank notes, Arun Jaitley, while presenting his Budget on February 1 focused on startups, and the small and medium enterprises. It meant several tax SOPs for the sector. Jaitely said that corporate tax has been…
Union Budget 2017-18 will strengthen the economic muscle of the country: Pankaj Patel, President, FICCI
“It is directionally correct, fiscally prudent and strengthens the governance fabric of the nation” Commenting on the Union Budget 2017-18, Pankaj Patel, President, FICCI said “This budget would tremendously strengthen the economic muscle of the country. It is directionally correct, fiscally prud…
Focus on rural infrastructure, small taxpayers & MSMEs to strengthen economy: PHD Chamber
While welcoming the Union Budget 2017-18, Gopal Jiwarajka, President, PHD Chamber of Commerce and Industry said the government has provided a balanced and growth-oriented budget; tax benefits to small taxpayers, MSMEs and Infra status to affordable housing are encouraging and would pave the way f…
कम नहीं हुई हैं एमएसएमई क्षेत्र की परेशानियां
बैलेंस शीट के दबाव की भरपाई के लिए बैंकों ने अपने मार्जिन में इजाफा किया है, ऐसे में अच्छे देनदार (उधार लेने वाले) बॉन्ड बाजार की ओर चले गए हैं। हालांकि इससे छोटे व मझोले देनदारों पर बैंकों की मार पड़ी है, जो उधारी के लिए बैंकों पर काफी ज्यादा निर्भर हैं। आर्थिक समीक्षा में […]
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How manufacturing units can regain lost ground
The environment for SMEs, especially those in manufacturing, is far from conducive. There is a cyclical downturn in global growth, hurting external demand and dragging down commodity prices. Domestic demand is sluggish due to slowdown in the investment cycle. India’s industrial output has fallen …
AP to come up with incubation centre & industrial parks for MSMEs
With an aim to give a fillip to the Micro Small and Medium Enterprises (MSME) sector of Andhra Pradesh, the India SME Forum has signed Memoranda of Understanding (MoU) with the State government for two industrial parks and an incubation centre in the State. As part of this, an industrial park for…
Utkarsh Micro to focus on affordable housing, MSMEs: CEO
New Delhi Newest small finance bank Utkarsh Micro Finance will focus on affordable housing and MSME segments and target more retail customers to expand its deposit base, a top company official said. Varanasi-based Utkarsh started its small finance bank (SFB) operations last week with five branche…
Note ban-hit MSME sector expects budget to provide succour
Bengaluru: The micro, small and medium industries (MSME) sector wants the Union government to come up with remedial measures in the Budget. MSMEs have been one of the worst-hit by the demonetisation move as most firms use cash to do business. They now want the government to compensate them with m…