Modular kitchen segment at MebelKart is seeing a growth of 75% Month on Month India’s highly preferred furniture marketplace MebelKart has announced that it is extremely optimistic about the modular kitchen category that it launched in November 2015. The company is witnessing a month-on-month gro…
Tag: MSMEs
MSMEs hail tax exemption
Micro, Small and Medium Enterprises have welcomed the move to increase the turnover limit under the presumptive taxation scheme to Rs. 2 crore in the Union Budget. The move would bring relief to a large number of assesses in the MSME category, said N. Kanagasabapathy, President, and S. Punniyamoo…
Varun Mirchandani, ONICRA ED | Budget well balanced, focuses on SMEs
With an estimate over 57.7 million, Indian MSMEs contribute 8% to the total Gross Domestic Product (GDP) and account for 40% of the total Indian exports. MSMEs lead to entrepreneurial development and diversification of the industrial sector. Budget 2016 has tried to, and has, well-balanced the ec…
Arun jaitley makes ‘room’ for Startups & SME, supporting act falls short of an Oscar
In a speech peppered with references to startups and MSMEs, Finance Minister Arun Jaitley in his Budget presentation for 2016-17 had a series of policy initiatives and schemes that aimed at easing the hurdles that startups face and ensuring MSMEs in the country get a boost. Launching the Startup …
Union budget benefit MSMEs in Gujarat
The Union Budget presented by Finance Minister Arun Jaitley on February 29 announced a string of tax sops for India’s first International Financial Services Centre (IFSC) being built at GIFT City at Gandhinagar. Tax benefits announced by the minister “to facilitate setting up of the IFSC in India…
Budget to boost MSMEs, Startups and job creating Food processing sector
Finance Minister Arun Jaitley, who presented NDA’s second full budget on February 29, seems to have realized after Bihar assembly elections debacle for BJP that it is not enough if only India grew. The growth has to be made more inclusive by enabling Bharat to grow as vast majority of 1.25 billi…
Registration for MSMEs simplified | Kalraj Mishra
The Ministry of Micro, Small & Medium Enterprises (MSME) has set up a one-man expert committee to draft a comprehensive policy for MSMEs. Assuring hassle free environment for MSMEs, Union Minister Kalraj Mishra has said that the process of registration of units has been simplified as a part o…
FIEO’s Budget Proposals envisages enabling & empowering MSMEs
Inverted duty structure in respect of various items including Electronic Goods, Toys and Chemicals may be given due consideration in the Union Budget as it not only effects exports but also the manufacturing sector and adversely hit Make in India. The actual refund mechanism for service tax is c…
Nepal to establish SEZs to facilitate trade and investment
Buoyed by success of some of India’s Special Economic Zones, Nepal has drawn up ambitious plans for SEZs and Industrial estates along Indo-Nepal border offering Indian industries opportunity to set up units there. “Investing within SEZ has multiple benefits that include flexible and investment fr…
MSME Ministry for revival of sick units
The Government will work out modalities to revive sick industry soon, Union MSME Minister Kalraj Mishra has said. At a regional conclave of MSMEs from states of Punjab, Haryana, Chandigarh, Delhi, Uttrakhand, Jammu and Kashmir and Himachal Pradesh, Mishra said “the idea behind such conclave…