Page 3 - SME

Industry body urges FM Sitharaman to continue 45-day MSME payment rule

The government in last year's Budget added a new clause under Section 43B of the Income Tax Act to address the challenge of delayed payments faced by MSMEs in the country

West Bengal sets target of bank loans worth Rs 1.53 trn for MSMEs in FY25

West Bengal is one of the leading states in terms of MSME units, with 21.5 per cent of the country's total such units located in the state

Fundraising through SME IPOs hit a new high in FY24, Rs 5,579 crore raised

Investors should not take long-term positions in SME IPOs unless they are familiar with the sector and the company, analyst cautions

MSMEs need to be future ready, foster development, says CII president

CII conference highlights MSMEs' future readiness and role in eastern region's development

Nine out of 10 MSMEs expect to make profits this year, says report

Many companies plan to increase hiring and most expect they will need loans

Chatroom: Extension for exports realisation, RBI should review instructions

You cannot amend the shipping bills and so, you may explain the error to the bank and seek write-off or closure of the entries

31.6 million MSMEs registered between July 2020 and Dec 2023: Govt

Citing data uploaded on the Udyam Registration Portal, the Minister said all the 3,16,05,581 MSMEs included informal micro-enterprises. All the MSMEs were registered on the Udyam Assist Platform

PM Rishi Sunak's officials in Delhi to discuss India-UK FTA: Report

The Guardian' newspaper reports that while there is no official comment from either side on such a visit, Prime Minister Narendra Modi-led government is keen to finalise the FTA by the end of February

Chatroom: Individuals can get up to $250,000 forex for their foreign trips

Para 6.07(a) allows sale in DTA without any limit for EOUs in sectors other than gem and jewellery and services, so long as you achieve positive NFE

MSMEs getting greater attention in free trade agreements: Govt official

Additional Secretary in the department of commerce Rajesh Agarwal said FTAs can enable better integration of MSMEs with global value chains

HSBC India, UK Export Finance tie up for 100 mn pound financing programme

This partnership will enhance the availability of credit for Indian MSMEs and boost trade ties between the two countries, HSBC India said in a statement on Thursday

NSE ties up with Bengal govt to facilitate fund raising for SMEs in state

As part of the pact, NSE with the support of West Bengal government will conduct awareness drives through seminars, MSME (Micro, Small and Medium Enterprises)camps

CHATROOM: Merchanting trade transactions must be completed within 9 months

TNC Rajagopalan answers SME queries related to GST, export and import matters

'EPCG: Doubts persist over maintaining annual average exports of services'

TNC Rajagopalan answers SME queries related to GST, export and import matters

Increased sugar prices to lift MSMEs' margins: CRISIL SME Tracker

Lower cane availability is expected to result in reduction in cane being diverted for ethanol production from 4.5 million tonne to 4 million tonne

SMEs utilising digital technologies for various business functions: Report

Another 39 per cent respondents reported that one-fourth to half of their sales were through such online platforms, the report added

Revving up: Outlook, opportunities for auto component SMEs in 2024

The replacement market is expected to modestly increase in 2024, following its improvement in 2023, driven by higher sales in FY19

Himachal govt to provide collateral-free loan to small-scale enterprises

"The scheme aims to empower small entrepreneurs and uplift the state's economy", Chief Minister Sukhvinder Singh Sukhu said

CHATROOM: DGFT should review circular on sale of IPA from SEZ to DTA

Section 4(1) of the Competition Act, 2002 says that no enterprise or group shall abuse its dominant position

The Alternative Board forays into Tamil Nadu, sets sight on SMEs

Ramas Krishnan, managing partner of TAB India, said, "We began TAB India operations in Mumbai