Page 11 - Msmes

MSME Day 2024: Know date, history, significance, theme and more

The United Nations declared June 27 as the MSME Day to raise awareness of the significant contribution of MSME in the growth of developing nations

Worldwide sales

Dedicated hubs will streamline e-commerce exports

4 of 5 workers in Delhi-NCR prefer flexible work location to beat the heat

Over 80 per cent of the workforce in SMEs, corporate and other enterprises across Delhi-NCR prefers flexible working locations instead of conventional offices, indicating a need to adapt to the changing climatic conditions, said a survey. According to 'Hot Summer@Work 2024' survey conducted by The Office Pass (TOP), a flexible co-working space provider, 35 per cent of respondents preferred to come to office 2-3 times a week, indicating a desire for a balanced approach between office and home. Working from home more often was preferred by 26 per cent, while 24 per cent chose to operate from a caf or co-working space near their home. Only 16 per cent preferred to work from office exclusively, it stated adding that over 80 per cent of the workforce prefers flexible working locations instead of conventional offices. The survey saw participation of over 1,000 employees from SMEs, corporates and some enterprises across Delhi-NCR. The TOP's latest survey was meant to gauge the changes in

Despite progress, MSMEs still face credit shortages: DG Swaminathan

Swaminathan said that SLBCs should conduct detailed analyses to identify the root causes of stagnant credit growth in certain jurisdictions

Most of top-level executives have positive GST perception: Survey

An increasing number of C-suite executives have a positive perception of GST with many highlighting further reforms like rationalising tax rates and effective dispute resolution process as focus areas to usher in GST 2.0, a Deloitte survey said on Wednesday. The Deloitte GST@7 survey, engaging C-suite and C-1 level executives across diverse industries through online platforms, highlights areas which have resulted in growing confidence in GST, specifically on the positive role of GST automation/ technology and consultative environment, in policy making. Reflecting growing confidence in GST, the survey found that about 84 per cent of respondents reported a positive perception of GST in 2024, up from 72 per cent in 2023 and 59 per cent in 2022. Automation of tax compliance, including e-invoicing, continues to be voted as a top performance area. Also, enhanced and continued stakeholder consultation, leading to the issuance of clarificatory circulars/instructions was considered as a ...

Mumbai fire safety check: Mills to malls caught in a tinder trap

The second part of the series revolves around Mumbai being vulnerable to fire incidents because of overcrowding and the high cost of robust fire protection equipment

Infosys ranked 74th most valuable global brand in Kantar BrandZ report

Infosys has secured a spot among the 100 most valuable brands in the world, according to Kantar, the Bengluru-headquartered IT services company said on Wednesday. In its annual 'BrandZ Most Valuable Global Brands' report, Infosys is ranked as the 74 most valuable brand in the world and ranked as the 20 most valuable global B2B (business to business) technology brand, according to a release. The Kantar BrandZ recognition is a validation of the client trust that Infosys has earned, and the relevance of its capabilities, especially in domains like enterprise AI where technologies like generative AI and cloud continue to evolve, the release added. **** CredAble raises Rs 3 crore from SIDBI * Fintech firm CredAble on Wednesday said it has raised Rs 3 crore in debt funding from SIDBI to scale up its operations and extend affordable financing solutions to MSMEs and women-led businesses in India. The funding from SIDBI will further accelerate the development of new market-leading financ

India-US CEO Forum working group launches knowledge-sharing platform

A working group of the India-US CEO Forum on Tuesday launched a bilateral knowledge-sharing platform. The group is focused on entrepreneurship, inclusive growth, and promoting small businesses. The platform was launched in partnership with United Services Institute (USI) and CyberPeace Foundation, during the dialogue on inclusive growth, unlocking trade, empowering Startups and MSMEs in the Digital Age at USI. The dialogue also saw the launch of Prakshepan, an innovation Hackathon, and Cybersecurity & AI Capacity Building and Skilling Workshops for MSMEs and startups. The workshops will focus on protecting MSMEs and startups from online threats, and provide these businesses with the knowledge and tools necessary to build resilient security structures. Subi Chaturvedi, Chief Corporate Affairs & Public Policy Officer, Global Senior Vice President, InMobi, and Sherpa, Working Group 7, said, "The dialogue and the knowledge-sharing platform will enhance the bilateral relationship ..

Limited interest, low recoveries: Prepack insolvency scheme in slow lane

In 2021 when the country was reeling from the Covid-19 pandemic, the government promulgated an ordinance and amended the insolvency law to help MSMEs avoid bankruptcy

Lok Sabha elections: Mumbai MSMEs clamour for government support

With the 2024 Lok Sabha Elections entering the fifth phase on May 20, the spotlight is on Mumbai's Thane-Bhiwandi-Kalyan region

Will end 'Inspector Raj' for all retailers: BJP's Chandni Chowk candidate

Khandelwal said that ensuring 'dignity' of the traders in his constituency will be his utmost priority

GST helped states earn 24% more than the old regime: FM Sitharaman

She praised the new tax system for being pro-poor and beneficial to 4.4 million small taxpayers and micro, small and medium enterprises (MSMEs)

MSMEs contribute 62% to employment in India: McKinsey Global Institute

MSMEs in India are only 26 per cent as productive as large companies, in other emerging economies it is 29 per cent

MSMEs protest 45-day payment rule, file appeal in apex court: Report

Small businesses say new orders from larger clients have declined after new regulation on timely payment

CRISIL SME Tracker: Equations getting better for chemicals MSMEs

Agrochemicals margins could normalise from the second quarter due to destocking of high-cost inventories

Centre decimated MSMEs across country, Aligarh is no exception, says Cong

Attacking Prime Minister Narendra Modi, the Congress on Monday alleged that the government has "decimated" MSMEs across the country and asked why is Aligarh's 100-yr old lock industry struggling under his dispensation. Congress general secretary Jairam Ramesh had posed questions to the prime minister ahead of his rally in Aligarh, and asked why has the BJP failed to deliver justice to the Hathras rape victim. Elaborating on what he said were "jumla details", Ramesh alleged that the decades-old lock industry in Aligarh has suffered under the Modi government. "This government has decimated MSMEs across the country, and Aligarh is no exception. When he campaigned in Aligarh in 2014, PM Modi had made small businesses the focus of his speech. Yet, 10 years later, Aligarh still does not have a government depot where lock makers can purchase raw materials at reasonable rates," he said. "Expensive and unreliable electricity supply is also a major issue, causing frequent delays in ...

UCB advances to priority sector up over 27% in FY23, shows RBI data

A majority of the advances of UCBs was given to MSMEs, amounting to Rs 1.3 trillion in FY23

Small businesses in Uttar Pradesh happy with GST; timely payments a concern

Apart from payment delays, the rising cost of raw materials was a worry for a brass and iron manufacturer in the city

LeapFrog investments, Aavishkaar infuse $48 mn in Electronica Finance

The fund will pave the way for EFL's expansion, specifically in financing for MSMEs in India's high-growth manufacturing sector

45-day MSME payment rule: Impact and details of Section 43B(h) explained

Starting from April 1, companies are required to pay their suppliers registered as MSMEs within 15 days, or up to 45 days under an agreement