Mses

MSE raises ₹1,000 cr to aid revival, Latika Kundu reappointed CEO

Metropolitan Stock Exchange raised Rs 1,000 crore in fresh funding to aid revival and strengthen infrastructure as shareholders reappointed Latika Kundu as MD & CEO for three years

Dispute resolution portal to speed up delayed payment cases for MSEs: Prez

President Droupadi Murmu said the online dispute resolution portal launched on Friday will help expedite hearings and decision-making in cases related to delayed payments to micro and small enterprises (MSEs). Speaking on the occasion of World MSME Day, President Murmu outlined the key challenges faced by MSME, such as access to finance, competition with big corporations and delayed payments. She said the number of registered MSMEs has grown rapidly as a result of the government's efforts. "The online dispute resolution portal launched today (Friday) will prove significant in expeditious hearing and decision-making in cases related to delayed payments," the President said. She appealed to young women to take advantage of government schemes to establish businesses and become self-reliant. The President observed that the world today is grappling with challenges emanating from climate change and rapidly evolving technology. Asserting that India is committed to climate change and ...

CPSE procurement from MSEs declines 43% to Rs 773.39 crore in FY24

One of the main reasons is that public procurement decreased due to delays caused by elections. The Budget could only be presented in July, resulting in a loss of six months, said Anil Bhardwaj

Exporters urge exemption from 45-day payment rule for supplies from MSEs

Indian exporters have urged the government to exempt them from the 45-day payment rule for goods bought from micro and small enterprises (MSEs) as it will impact their businesses. In a letter to Prime Minister Narendra Modi, chiefs of major export promotion councils and federation of Indian export organisations have appealed to waive the export companies from section 43B(h) of the Income Tax law. The new rule, Section 43B(h) of the Income Tax Act, introduced in the Finance Act 2023, is designed to make sure small businesses get paid on time. It allows companies to get tax breaks if they pay their small business suppliers within the time limits set by the MSMED (Micro, Small and Medium Enterprises Development) Act, 2006. Especially, companies must pay within 45 days if there is an agreement, and within 15 days in the absence of such a pact. If they do not meet these deadlines, they can not deduct these expenses for tax purposes. "Our humble request is to consider the export communit

Govt eMarketplace doubles its order value to Rs 4 trillion in FY24

MSE sellers accounted for nearly 50% of the total order values on GeM, while the Ministry of Defence emerged as the top buyer in the financial year 2023-24

Disposal of delayed payment cases by micro, small industries at 5-year low

The government in the Budget announced that buyers would be allowed to claim a tax deduction for payments made to MSMEs only after they make a payment to them

MSE sentiment down for the third quarter in a row: CRISIL-SIDBI survey

The reading on the index for January-March 2019 was 122; it was 128 in the October-December 2018 quarter and 124 in the July-September 2018 quarter

Economic slowdown impact: Small biz sentiment at 1-yr low, says CriSidEx

According to the eighth edition of the CriSidEx survey, sentiment fell during Q2 to 106. It was 120 in Q1

CRISIL SME Tracker: For MSEs, men's apparel is where the money is

CRISIL-rated MSEs in men's apparel had an average operating profit margin of 9.8 per cent - a good 200 bps more compared with those in kids' and women's apparel

Credit guarantee to MSEs to double at Rs 40K cr in current fiscal: Secy

The government will also explore ways to utilise non-budgetary instruments