Page 34 - Msmes

Budget Byte: Post-pandemic Budget will need to focus on ignored sectors

MSMEs, education, India's police forces might need more support in the coming year to realign their development and spending goals

FinMin backs new GST rule, says it's not for MSMEs, certain I-T payers

Asserts that the move to ask companies above a threshold to pay one per cent of GST liability in cash targets fake invoicing

MSMEs, small dealers not to be affected by 1% cash GST payment rule

Small businesses and dealers will not be impacted by the new government rule of paying at least 1 per cent of GST liability in cash

Transport costs up 12% due to farmers stir: Ficci's MSME confederation

It pegged the daily loss to the businesses at about Rs 3,000 crore, which would mount if the situation is not addressed

Not in India's DNA to be deterred by Covid, Ambani tells Zuckerberg

Crises are too precious to be wasted, as they present an opportunity for new growth, RIL chief Mukesh Ambani tells Facebook CEO Mark Zuckerberg. Read full transcript of the discussion

Temporary or permanent transfer of intellectual property attracts 12% GST

Appendix-5C of the HBP also requires the Chartered Accountant to clearly certify that the exporter has submitted e-BRC and the same have been verified

Macro situation uncertain, economy to contract by 10% in FY21: Pronab Sen

Sen said quarterly GDP numbers are still derived from some corporate accounts and corporates have not fared as badly as the non-corporate sector

SBI will prefer co-origination models of lending to MSMEs: Chairman

Dinesh Kumar Khara said banks need to have enough confidence into various models of the MSMEs and also the commitment level of such entrepreneurs

Over 5,000 employees from Walmart India joining Flipkart Wholesale

The e-commerce firm said job offers made to staff at Walmart India have been aligned to similar roles at Flipkart in terms of pay, responsibility and profiles based on industry best practices

Walmart commits to sourcing $10 bn of India-Made goods each year by 2027

To accelerate its India exports, Walmart will strengthen the development of the supply chain ecosystem in India

Govt pays MSMEs Rs 21,000-cr dues in seven months over procurements

The highest level of procurement was achieved in October (over Rs 5,100 crore) and payment of over Rs 4,1000 crore was made.

STATSGURU: What issues RBI's monetary policy addresses and what remains?

The following charts explain the current situation of the economy

E-invoicing under GST pick up speed, posts 17% growth in November

Daily invoice generation has now improved to 2.5-2.7 million per day compared to an average of 1.5 million a day in October.

Tata Steel launches all-weather aluminium-zinc coated product for MSMEs

A 55% aluminium-zinc alloy coated product, Galvanova comes with superior corrosion resistance and has a distinctive white metallic sparkle

Sidbi partners with Tamil Nadu to bolster MSME ecosystem in the state

Sidbi will deploy a project management unit in the Tamil Nadu government to design training and capacity-building programmes to be taken up by the state in various areas

70,000 Indian exporters set for Black Friday, Cyber Monday sale on Amazon

Amazon's Global Selling Programme is expected to generate $10 billion in cumulative export sales by 2025 for Indian exporters enrolled in this programme

New credit guarantee scheme will help India Inc revive, expand: CEOs

Say stimulus measures will spur economic activity, especially in construction and infra sector

Over 1.1 million MSMEs registered on Udyam online system since July: Govt

Over 11 lakh MSMEs have registered on the newonline system of Udyam Registration launched in July, the government said on Saturday. Out of these, 3.72 lakh enterprises have registered under manufacturing category whereas 6.31 lakh enterprises under service sector. The share of micro enterprises is 93.17 per cent whereas small and medium enterprises are 5.62 per cent and 1.21 per cent, respectively. An official statement said 7.98 lakh enterprises are owned by male whereas 1.73 lakh enterprises by female entrepreneurs, and 11,188 enterprises are owned by divyangjan entrepreneurs. "The top five industrial sectors of registrations are food products, textile, apparel, fabricated metal products and machinery & equipment. 1,01,03,512 persons have been given employment by these registered units," the MSME ministry stated. The five leading states for Udyam registrations are Maharashtra, Tamil Nadu, Rajasthan, Uttar Pradesh and Gujarat. Registration without PAN and GST number is permitted

Pre-packaged scheme, special rules for MSMEs in amendments to IBC

Changes likely to be tabled in Winter Session of Parliament

Uttar Pradesh among Top 5 in MSME employment generators amid Covid-19

Uttar Pradesh has found place among top five states of the country for providing employment under the Micro, Small and Medium Enterprises (MSMEs) during Corona pandemic