At the National One District One Product (ODOP) Awards 2024 in New Delhi, Union Commerce and Industry Minister Shri Piyush Goyal announced that the Ministry is set to issue new guidelines aimed at promoting first-time exporters and targeting newer...
In a major step toward decarbonising India’s freight sector, the Ministry of Heavy Industries has launched the country’s first-ever incentive scheme for electric trucks under the PM E-DRIVE initiative. Spearheaded by Union Minister H.D. Kumaraswamy and aligned with Prime...
A new report by nonprofit accelerator Change Engine reveals that 80% of India’s top nonprofit unicorns — organisations that have positively impacted at least 1 million people or 5% of their target population — have achieved scale through strategic...
The Reserve Bank of India (RBI) has issued a directive to eliminate pre-payment charges on all floating rate loans and advances. This reform, effective from January 1, 2026, is expected to ease the financial pressure on micro and small...
A concerning digital reality is emerging for Indian small and medium enterprises (SMEs). According to recent data from the India SME Forum, CERT-In, and DSCI (2024), 74% of SMEs in India reported facing at least one cyberattack in the...
In a significant move to empower India’s micro, small and medium enterprises (MSMEs), DBS Bank India has waived all prepayment and foreclosure charges for borrowers registered under UDYAM. Announced on MSME Day, the waiver aims to improve financial agility...
Micro, Small, and Medium Enterprises (MSMEs) in Tier II and III cities have reported an average 20% increase in revenue after integrating with the Open Network for Digital Commerce (ONDC), according to EasyPay. The fintech firm, which became a...
India’s manufacturing MSMEs are grappling with an overwhelming regulatory burden, with compliance costs running as high as ₹17 lakh annually, according to a new report by TeamLease RegTech. The report, titled ‘Decoding Compliance for Manufacturing MSMEs in India’, paints...
India is steadily advancing toward becoming a $5 trillion economy within the next three years, according to Union Commerce and Industry Minister Piyush Goyal. In a recent webinar hosted by the Merchants' Chamber of Commerce and Industry (MCCI), the...
India’s next phase of digital transformation hinges not just on the scale of its platforms but on the quality of data powering them, according to a new report by NITI Aayog’s Frontier Technologies Hub. The report, released as part...
