Banks, NBFCs are bound to adopt a restructuring process for MSMEs without following 2015 framework: SCThe Supreme Court decided that banks and NBFCs are obliged to restructure MSME loans without awaiting applications, following mandates from...
04 Aug, 2024, 09.06 PM IST
India Inc using various ploys on payments to small businesses for dodging tax impactThe new law under Section 43B(h) of the Income Tax Act, which mandates payment to micro and small enterprises (MSEs) within 45 days of deli...
12 Feb, 2024, 11.44 AM IST
To solve a Rs 5-lakh-crore problem for small businesses, India needs innovative solutionsThe challenges that MSMEs face are multi-faceted and therefore, policy makers should also embrace greater diversity in solutions that suppl...
13 Sep, 2021, 10.34 AM IST
Govt asked Central Public Sector Enterprises, firms with Rs 500 cr turnover to get on-board TReDS: Narayan RaneTrade Receivable Discounting System (TReDS) is an electronic platform for facilitating the discounting of trade receivables of MSMEs throug...
03 Aug, 2021, 09.36 AM IST
Economic Survey reveals Government’s rationale behind revising the definition of MSMEThe need for a change in definition, that's aimed at offering small firms the incentives to grow and thereby reap economies of scale was ar...
30 Jan, 2021, 10.29 AM IST
MSMEs to be classified based on new criteria from JulyThe existing criterion of definition of MSMEs is based on the MSMED Act, 2006.It was different for manufacturing and services units. It was...
05 Jun, 2020, 09.47 AM IST
Due to anomalies in IBC, corporate NPAs can lead to bankruptcy in MSMEs: FISME"The critical reforms that MSMEs need are in areas such as banking sector and labour markets," said Anil Bhardwaj, Secretary General, FISME.
28 Jun, 2019, 02.59 PM IST
Government nod to change criteria for classifying MSMEsAs per the new classification, enterprises having annual turnover less than or equal to Rs 5 crore fall under the 'micro' category.
07 Feb, 2018, 09.53 PM IST
Small Scale Industries RegistrationUsually, entrepreneurs can obtain Provisional Registration Certificate (PRC) during the entity's pre-establishment period.
17 Aug, 2017, 01.51 PM IST
PAN must for registration of companies with over Rs 20 lakh turnoverThe decision, taken at a meeting chaired by the MSME Secretary K K Jalan recently, will be implemented after two months of the Goods and Se...
15 May, 2017, 08.38 PM IST
NITI Aayog has 'nothing to show' on talent utilisation plan: House panelIt added that after a year, only partial guidelines have been framed and there is no specialised manpower to implement "this very important...
04 May, 2016, 10.33 AM IST
Khadi sales have doubled after PM Narendra Modi's appeal: Kalraj MishraAn analysis of the data revealed that during the April-June quarter, retail sales of readymade Khadi rose 50.68 per cent as against the sam...
23 Jul, 2015, 10.26 PM IST
Government introduces bill to raise investment limits for MSME unitsThese investment limits were fixed by the Micro, Small and Medium Enterprises Development (MSMED) Act in 2006.
20 Apr, 2015, 03.38 PM IST
Now, Delhi SMEs can produce sans pollution checkThe Arvind Kejriwal-led government said these steps were taken to increase 'ease of doing business' in Delhi.
18 Feb, 2015, 06.03 AM IST
Micro, small & medium enterprises meet at Guwahati on June 26A one-day meet of MSMEs across the country will be held in Guwahati on June 26 to discuss various issues faced by the industry so far.
23 Jun, 2014, 01.08 PM IST
- Govt to provide grants to industrial clusters
The government has made one more move to beef up infrastructure of industrial clusters for micro, small and medium enterprises.
15 Oct, 2007, 05.25 AM IST
- MSEs may get price preference
Micro and small enterprises (MSE) are poised to get further support from the government in marketing their products.
17 Aug, 2007, 02.39 AM IST