The Union ministry of Micro, Small and Medium Enterprises (MSME) is working for Public Sector Enterprises to achieve the target of 20% procurement of their annual purchase from Micro and Small Enterprises (MSE). Inaugurating the three-day Vibrant SME 2016 Industrial Expo and Growth Forum in Chinc…
Tag: SMEs
Budget 2016 ensures ‘Small is Big’; SME tax exemption limit elevated
In view with the growing demand to push the statistically proven economy drivers of the nation, government has unveiled Budget 2016, proposing to offer tax exemptions for SMEs. Units with turnover of up to Rs. 2 crore will have the benefit of the pitch. The threshold is twice the previous limit u…
Hyperlocal firm Zopper acquires software company EasyPoS
Hyperlocal discover and buying platform for electronics Zopper has acquired point of sale (PoS) software company EasyPoS in a mixed cash and equity deal, valuing the company at Rs 33 crore ($5 million). The move is directed at raising additional revenues through the PoS solution and increasing st…
Expert sees bright scope for startups in pre, post-harvest technologies
Increased allocation to agriculture by 84 per cent and resolve to double income in five years will see lot of opportunities by technocrats and management graduates in startups in pre and post-harvesting technologies, says Executive Vice Chairman of Vizianagaram-based Vijaynagar Biotech Ltd and no…
Slew of initiatives for rain-hit MSME units | Jayalalithaa
Tamil Nadu Government on March 1 announced a series of initiatives benefiting the micro, small and medium enterprises (MSMEs) that were badly affected by torrential rainfall in December last year. Noting that her government had already announced welfare measures for MSME units affected by floods …
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…
Exporters happy with broad Budget thrust, though wanted specific steps for relief | EEPC India Chairman T S Bhasin
Welcoming the broad thrust of the Budget which realises the headwinds faced by Indian exporters in the global markets, EEPC India Chairman T S Bhasin today said emphasis on rail and road by increased investment along with better port connectivity should help the foreign trade in the long run. Eas…
Karnataka SMEs seek separate electricity tariff, urge solar use
Small and Medium Enterprises (SMEs) and Small Scale Industries (SSI) have sought separate electricity tariff. “SMEs and SSI consuming 40HP and below or 2,000 units should be brought under separate tariff plan,” KS Mallappa Gowda, Chairman (Sub-Committee, Energy), Karnataka Small Scale Industries …
Budget 2016 | Quotable Quotes
“Finance Minister spent a considerable amount of time in trying to address the rural distress and the difficulties being faced by the farmers. The emphasis on the budget on various schemes and ideas, which including for instance the linking of the MNREGA scheme to rural challenges, is very signif…
Intricacy at its peak in Surajkund Mela
Surajkund Mela, World’s largest handicrafts fair, was cynosure of all eyes this year with artists from across the country showcasing their prowess in intricate work, be it sari, ivory, brassware, wood carvings or handmade potteries. The fortnight long Mela, hosted by Haryana Government for 30 yea…