Finance Minister Nirmala Sitharaman asked industry to shed hesitation in investing and expand capacities while partnering with the government to skill youth for faster employment
Trading activity can be gauged by the average of the number of trades executed, the companies whose shares change hands, number of shares changing hands, and the value of these transactions
The next generation GST reforms would 'absolutely' set an economy open and transparent with further reduction in compliance burden and benefiting small businesses, Union Finance Minister Nirmala Sitharaman said on Tuesday . She was speaking at the 120th Foundation Day celebrations of Tamil Nadu-based City Union Bank, where President Droupadi Murmu was the chief guest. Sitharaman said Prime Minister Narendra Modi recently announced the creation of a Task Force for next generation reforms with a clearer mandate to simplify regulations, lower compliance costs and also build a more enabling ecosystems for startups, Micro, Small and Medium enterprises and entrepreneurs. "Complementing this, the planned roll out of the next generation GST reforms with the planned Council meeting tomorrow and day after, will set an economy absolutely open and transparent in the coming months and with further reduction in compliance burden, making it easier for small businesses to thrive" Sitharaman said.
After an initial dip in Q3 and Q4 of FY25, we can now see volumes and client activity are starting to stabilise, says Gurpreet Sidana, chief executive officer at Religare Broking
Incentives in the works to build homegrown raw material suppliers for global chip firms
MSMEs contribute over 30 per cent to GDP and 45 per cent to exports, but leaders stress quality, innovation and Industry 4.0 adoption to boost competitiveness and global integration
The 50 per cent tariffs, which come into effect from August 27, have prompted officials to take proactive measures to mitigate the impact, said senior bankers
As MSME tariff woes increase, lenders have to work closely with smaller industries, even as demand for a lifeline grows, reports Raghu Mohan
After stabilising operations, Karnataka Bank aims to expand its loan book beyond Rs 85,000 crore by March 2026 with growth led by retail, agriculture and MSME lending
"PSBs have been told to focus on credit growth across loan sizes, especially in core engineering, manufacturing, agriculture, MSMEs, and startups," the official said
PM Modi announced "next generation" GST reforms to lower taxes on essentials, simplify rates to two slabs, and ease compliance, with the GST Council to take up proposals soon
The Karnataka assembly on Wednesday passed nine bills, including Karnataka Land Reforms and Certain Other Law (Amendment) Bill. Revenue Minister Krishna Byre Gowda, who piloted the Karnataka Land Reforms and Certain Other Law (Amendment) Bill for the consideration of the House said, "There will be auto-conversion." It permits the use of up to two acres of agricultural land for new micro, small, and medium enterprises (MSMEs) without the need for a formal conversion process. The bill also proposes doing away with conversion of agricultural lands if they are used for renewable energy projects. It proposes a penalty of Rs 1 lakh for selling any agricultural land for nonagricultural purposes, without getting such land converted or without obtaining prior approval of the competent authority. It has therefore removed a three-year imprisonment clause, because so far, this violation carried an imprisonment for three years and fine of Rs 10,000. The Assembly also passed the Registration .
Sundeep Mohindru, founder-director of M1xchange, interacted with Raghu Mohan via email on the issues facing MSMEs
MSMEs hopeful about first quarter performance and most don't think US tariffs will affect them
"We are looking at it very seriously and taking inputs from the MSME ministry as well," a government source said
Experts say 25% US tariff could render export-oriented firms uncompetitive
The commerce ministry said the Indian government remains committed to a fair trade deal and will take all necessary steps to protect national interests
More than 34 crore people have got jobs since 2014 in micro and medium enterprises through the Udyam and Udyam Assist portals, Union Minister Jitan Ram Manjhi informed the Rajya Sabha on Monday. The Minister of Micro, Small and Medium Enterprises gave the information while responding to supplementaries. He said there is no dearth of money, and small workers are getting financial assistance under various schemes. For Instance, he said, under the PM Vishwakarma Yojna, people such as cobblers and salon workers have received money. Manjhi also spoke on promoting digital upgrade and adopting artificial intelligence in MSMEs in Haryana to enhance productivity and competitiveness. "IndiaAI mission has been divided into seven pillars, such as IndiaAI Compute Capacity, IndiaAI Innovation Center, IndiaAI Application Development Initiative, IndiaAI Startup Financing, IndiaAI FutureSkills, IndiaAI Dataset Platform, and Safe & Trusted AI. "We have been working under these pillars for the ...
RBI Deputy Governor M Rajeshwar Rao highlights that climate risks will impact MSMEs, unorganised sectors, and unlisted corporates, stressing the need for awareness and risk assessments
E-commerce enablement platform Shiprocket on Friday launched a multimodal AI engine, Shunya.ai, for MSMEs and D2C businesses. The AI stack is developed to support multilingual commerce, regional customer experiences, and scalable automation, the company said in a statement. "Developed in partnership with Ultrasafe Inc. through a joint venture, Shunya.ai brings together voice, text, and image intelligence in 9-plus Indian languages, built, trained, and hosted entirely within India. The platform is set to reach over 1 lakh MSMEs within the first year, driving time and cost savings across cataloguing, marketing, fulfilment, and customer engagement workflows," it said. With this launch, Shiprocket looks to tap into India's USD 1 trillion MSME economy and growing digital commerce opportunity, projected to reach USD 350 billion by 2030. MSMEs account for over 30 per cent of the country's Gross Value Added (GVA). Shunya.ai, trained on Indian commerce data, is hosted entirely within the ..