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Sunday, November 24, 2024

Latest News

Finance Minister launched MSME ‘Outreach Initiative’ to Restructure Stressed Assets

Finance Ministry has released Micro Small and Medium Enterprises (MSME) 'Outreach Initiative' for the restructuring of accented standard assets. MSME Outreach Initiative: The Finance Ministry stated in a announcement that ''To deal with the operating capital needs of MSMEs resulting from...

SME Sector Pursue Higher Portion of Public Procurement Pie

Seeking a larger slice of public procurement pie, the SME sector has proposed small-ticket tenders so that they might participate within the bidding. In its Budget tips, Federation of Indian Micro and Small & Medium Enterprises (FISME) has said that...

Indian Government is striving to promote products of SMEs on E-commerce Portal

The central government is trying to increase the sale of products manufactured via SMEs in India and leveraging the popularity of eCommerce giants including Flipkart and Amazon among others. According to media reports, the Government is considering rate based...

CPSE tops minimum procurement threshold for Micro and Small Scale Enterprises

As per the information was given by MSME Minister Nitin Gadkari in Rajya Sabha, “Central Public Sector Enterprises (CPSEs) has passed the least procurement threshold of 25 % goods and services from MSEs under Public Procurement Policy till November 27...

Logistics companies assisting SMEs convey performance in the supply chain and technology

Logistics corporations generally have a pan India reach. They comprise even the hinterlands of India and are useful to the MSMEs in those regions. The Micro, Small and Medium Entrepreneurs (MSMEs) frequently have limited capital and personnel that makes the...

GST based Bill Discounting can Afford great Assistance for MSMEs

The Government and chief economists in India executed a GST based bill discounting system into reality. As per the report, the GST series in India rose via 6% to INR 1.03 lakh crore in November, reversing months of decay. ...

Indian Government is forming policy on credit ratings for MSMEs: Nitin Gadkari

While speaking at the International Women's Entrepreneurial Challenge Foundation Union Minister Nitin Gadkari said, “the government is in the technique of formulating a policy on credit score scores for micro, small and medium enterprises(MSMEs) to help investors and other...

Government’s move on changing the definition of MSMEs in terms of turnover – Reaction of Laghu Udyog Bharati (LUB)

Laghu Udyog Bharati, a national association of micro and small industries has opposed the move by the Union Government to amend the definition for micro, small, and medium scale enterprises (MSMEs) based on turn over. Reasons for opposition: If the Indian...

India decides not to join the RCEP – The great decision of Narendra Modi to benefit SMEs

The report says, India decided not to join the mega Regional Comprehensive Economic Partnership (RCEP) deal as negotiations did not deal with New Delhi’s concerns. It is reportedly stated that India’s opinion at RCEP is a robust idea of...

DC MSME plans to setup 20 new Tech Centers across India

The Ministry of Micro, Small and Medium Enterprises (MoMSME) is scheming to set up as many as 20 new tech centers across India. Determined Price: DC MSME is planning to establish as many as 20 TCs throughout India at an approximate...

Latest News

GeM Partnership with Sikkim: Boosting Digital Procurement Across India

The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....