Soon, lands will have Aadhaar-like unique ID numbers
New Delhi: India will soon start issuing unique numbers for landholdings as part of an exercise expected to bring transparency and end dubious land ownership. The rural development ministry has started work on assigning a standardised unique number for each surveyed plot, a senior government official said. The unique number…
Govt cuts corporate tax rate to 22%, relief on buyback tax
The finance ministry lowered the corporate tax rate to 22% for firms that do not avail tax incentives. New manufacturing companies will have to pay an even lower corporate tax rate of 15% Listed companies announcing share buybacks before 5 July to be exempt from buyback tax New Delhi: The…
MSMEs need not use IBC to recover dues
Taking the route the MSMED Act provides is faster, easier and can be enforced through decree One of the most talked of laws in recent years has been the introduction of the Insolvency and Bankruptcy Code, 2016, which has given stakeholders the power to take a defaulter (company/LLP) to the…
Govt to soon decide on Sinha panel report on MSME sector: Nitin Gadkari
On UK Sinha panel report, the minister said he has spoken to the finance minister and it has been decided that finance secretary and his MSME counterpart will prepare a final report on the recommendations in the next eight days. The government will soon take a call on the recommendations…
MSME Sector Needs Out-Of-The-Box Thinking, Says Gadkari About Bharat Craft Platform
Bharat Craft is the government’s ecommerce platform modelled around the e-marketplace Nitin Gadkari earlier said the portal can bring about INR 10 Lakh Cr. turnover to MSME sector Amazon and Flipkart has also launched dedicated portals to sell Indian handicrafts India’s minister of micro, small and medium enterprises (MSMEs), Nitin…
Nitin Gadkari promises ‘concrete decision’ for timely payments to MSME
Speaking at a convention of ‘Laghu Udyog Bharti’, an RSS-linked outfit which works in MSME sector, he also promised to rid the national capital of pollution in five years. Delayed payments is a major headache for Micro, Small and Medium Enterprises, Union MSME minister Nitin Gadkari said on Saturday, adding…
Mohan Bhagwat bats for small and medium scale industries, financial freedom
“The first condition for attaining financial freedom for all is that every person should become self-sufficient. Those who are not self-sufficient do not have freedom,” he said. Small and medium scale industries can make people financial independent and not the big corporations, RSS supremo Mohan Bhagwat said here on Friday….
NITI Aayog invites nominations for Women Transforming India Awards
NITI Aayog, the premier think tank of the Government of India, has launched the Fourth Edition of Women Transforming India (WTI) Awards, in collaboration with the United Nations in New Delhi today. UN Resident Coordinator in India, Ms. Renata Lok-Dessallien, opened the nomination process for WTI Awards 2019, in the…
Gadkari, MSMEs complain of poor disbursal under 59-minute loan scheme
NEW DELHI: Micro, small and medium enterprises (MSME) minister Nitin Gadkari and small businesses on Tuesday complained about the 59-minute loan scheme being slow in disbursing loan, while asking FM Nirmala Sitharaman to ensure that their dues from the government are cleared expeditiously. Gadkari flagged both the concerns during a meeting convened by FM…
Hedge funds make a comeback in India; bet on 25 start-ups this year
Deal volumes similar to 2014, half of 2015, and thrice the deal volume in 2016 and 2018 Hedge funds, which led the start-up funding boom in 2015, are making a comeback, after taking a pause for a few years. And, it is not just Tiger Global, which has invested in…
24×7 Neft transfer from Dec ember to boost digital play
New Delhi: Taking a series of steps to boost the adoption of digital payments, RBI on Wednesday said the National Electronic Funds Transfer (NEFT) facility will be available 24×7, the scope of utility bill payments will be expanded, and more players will be encouraged in the retail payment space. Beginning December, online payments…
स्टीलबर्ड कंपनी काश्मीरमध्ये फॅक्ट्री उघडणार
नवी दल्लीः जम्मू-काश्मीरला विशेष राज्याचा दर्जा देणारे कलम ३७० रद्द करण्याचा निर्णय केंद्र सरकारने घेतल्यानंतर देशभरातून या निर्णयाचे स्वागत करण्यात येत आहे. या निर्णयानंतर जम्मू-काश्मीरमध्ये जमीन खरेदी करण्याला, व्यापार करण्याला इतर राज्यातील लोकांना परवानगी मिळणार आहे. आशियातील सर्वात मोठी हेल्मेट कंपनी स्टीलबर्ड हायटेकने जम्मू-काश्मीरमध्ये कारखाना उघडण्याची इच्छा बोलून दाखवली आहे. स्टीलबर्ड…
काश्मीरमध्ये मिळणार गुंतवणुकीची संधी, बांधकाम व्यवसायिक उत्सूक
जम्मू काश्मीरला विशेष राज्याचा दर्जा देणारे कलम ‘३५ ए’ आणि ‘३७०’ हटविल्यानंतर बांधकाम क्षेत्रातील कंपन्या आता तेथे गुंतवणुकीसाठी संधी शोधत आहेत. त्याचमुळे देशातील रिअल इस्टेट क्षेत्रात कमालीचे उत्साहाचे वातावरण पसरले आहे जम्मू काश्मीरला विशेष राज्याचा दर्जा देणारे कलम ‘३५ ए’ आणि ‘३७०’ हटविल्यानंतर बांधकाम क्षेत्रातील कंपन्या आता तेथे गुंतवणुकीसाठी संधी…
कर्ज घोटाळ्यात ईडीच्या धाडी; ४८१ कोटींच्या मालमत्ता जप्त
नवी दिल्ली : कोट्यवधी रुपयांच्या कर्ज घोटाळ्याप्रकरणी अंमलबजावणी संचालनालयाने (ईडी) गुरुवारी बासमती तांदूळ प्रक्रिया उद्योगातील आघाडीची कंपनी आरईआय अ‍ॅग्रो लिमिटेडच्या तळांवर छापे मारले. या छाप्यांत कंपनीच्या ४८१ कोटी रुपयांपेक्षा जास्त किमतीच्या मालमत्ता ईडीने जप्त केल्या आहेत. ईडीने कंपनीविरुद्ध मनी लाँड्रिंग प्रतिबंधक कायद्यान्वये हंगामी जप्ती आदेश काढला होता. त्यानुसार, ही कारवाई करण्यात आल्याचे…
Ex Minister Smt. Sushma Swaraj’s last tweet: ‘I was waiting to see this day in my lifetime’
NEW DELHI: Just few hours before former foreign minister and BJP veteran leader Sushma Swaraj breathed her last on Tuesday night, she had thanked Prime Minister Narendra Modi for the Centre’s move on Jammu and Kashmir and said she had been ‘waiting to see this day in my lifetime’. “Narendra…
लघु उद्योग भारती –
रजत जयंती समारोह वर्ष – अखिल भारतीय अधिवेशन
नमस्कार सदस्यहो, लघु उद्योग भारतीचा रजत जयंती वर्ष समारोह आणि अखिल भारतीय अधिवेशन हे दिनांक १६ से १८ ऑगस्ट २०१९ नागपूर येथे राष्ट्रीय स्वयंसेवक संघाच्या मुख्यालयात आयोजित करण्यात आले आहे. महाराष्ट्रातील लघु उद्योग भारतीचे सर्व पदाधिकारी तसेच सर्व सक्रिय सदस्यांनी आवर्जून नोंदणी करणे अपेक्षित आहे. महाराष्ट्रात आयोजित होत असलेला हा…
Nirmala Sitharaman to meet stakeholders for actions proposed by U.K. Sinha Committee to boost MSMEs
Finance Minister Nirmala Sitharaman will meet with the concerned stakeholders within the next week to finalise decisions to be taken and timelines for action required with respect to the Expert Committee on MSMEs Finance Minister Nirmala Sitharaman will meet with the concerned stakeholders within the next week to finalise decisions…
Govt softens stance on time frame for transition to electric vehicles
The change in stance follows a strong opposition by automakers of the proposed government plan to ban two-wheelers (below 150cc) and three-wheelers by 2023 and 2025, respectively The government seems to have softened its stance on the time frame for transition to electric vehicles (EVs). The Ministry of Heavy Industries,…
India readies plan for $4 billion Tesla-scale battery storage plants
India will need 6 gigawatt-scale plants of 10GWh each by 2025 and 12 by 2030 Apart from EVs, such battery storages will cater to the consumer electronics industry and electricity grids, given the intermittent nature of electricity from clean energy sources New Delhi: India is putting the final shape on…
Cash-strapped developers offer barter deals to construction firms
Builders offer unfinished apartments instead of cash to contractors as liquidity crunch hurts both parties Paradigm Realty has accepted 160 flats instead of cash in Zenith Residences project, Thane MUMBAI: Barter is back in fashion in real estate as cash-strapped developers offer unfinished apartments instead of cash payment to their…
Postal dept decides to convert India Post Payments Bank to a SFB
India Post will partner with Common Service Centre to provide a suite of citizen centric services such as banking, remittance, insurance, DBT, bill and tax payments etc at post offices The postal department said it has decided to convert the India Post Payments Bank into a small finance bank, enabling…
Cogoport Adds Refrigerated Shipping Services In Major Development For India’s Burgeoning Reefer Industry
Sogoport – India’s leading digital freight logistics business – has announced a major boost for shippers with the launch of refrigerated (reefer) cargo services to and from destinations across the globe. Customers requiring cold storage shipping can now compare rates and book reefer containers through a host of partner shipping…
All parameters of Chandrayaan-2 for landing rover in lunar south pole normal: ISRO
In a giant leap for the country’s ambitious low-cost space programme, ISRO’s most powerful three-stage rocket GSLV-MkIII-M1 had launched the spacecraft into the Earth’s orbit on July 22 from the spaceport in Andhra Pradesh’s Sriharikota. Spacecraft parameters of India’s second moon mission Chandrayaan-2 aimed at landing a rover on the…
LUB apprises Dr A K Panda about challenges faced by MSMEs in Chhattisgarh; demands testing room facility
New Delhi, July 30 (KNN) Laghu Udhyog Bharti (LUB) from Chhattisgarh region have demanded a testing room facility from Ministry of Micro, Small and Medium Enterprises (MSMEs) for tool rooms in their region. In a recent meeting with Dr Arun Kumar Panda, MSME Secretary, during his Chhattisgarh visit at Circuit…
Cisco partners Google to roll out free WiFi zones in India
These locations include public spaces like bus stops, hospitals and government offices among others. Post that, it will be extended to 300 more locations in Bengaluru, and more cities in the country as well. US networking giant Cisco on Monday said it is collaborating with Google for its ‘gStation’ offering…
MSME units should take benefits of Govt schemes: Shri. Nitin Gadkari
To implement the schemes of Ministry of MSME on large scale in Vidarbha the Union minister Road Transport and MSME Nitin Gadkari recently called P M Parlewar Director MSME-DI Nagpur to take the stock of implementation of various schemes. The Minister was informed about the various development schemes being implemented…
Empowering India’s hardware startups: Qualcomm signs a technical bilateral cooperation agreement with MeitY
As Prime Minister Narendra Modi’s vision to transform India into a digitally empowered society continues to unfold, Qualcomm is glad to support the country’s technology ecosystem. In keeping with its aim to align with Digital India’s objectives, Qualcomm India, on Thursday, announced that it has signed a technical bilateral cooperation…
मोदी सरकार फक्त 59 मिनिटांत देणार 5 कोटींपर्यंत कर्ज, ‘या’ बँकांनी वाढवली कर्जाची रक्कम
सूक्ष्म, लघू आणि मध्यम (एमएसएमई) उद्योगांसाठी आता फक्त 59 मिनिटांत पाच कोटींपर्यंतचं कर्ज मिळणार आहे. नवी दिल्लीः सूक्ष्म, लघू आणि मध्यम (एमएसएमई) उद्योगांसाठी आता फक्त 59 मिनिटांत पाच कोटींपर्यंतचं कर्ज मिळणार आहे. एसबीआयसह पाच सरकारी बँकांनी कर्जाची मर्यादा वाढवली आहे. मोदी सरकारनं नोव्हेंबर 2018मध्ये एमएसएमई क्षेत्राला प्रोत्साहन देण्यासाठी या योजनेची…
‘महाउद्योग’ एमआयडीसीच्या व्यापारी मासिकाचे मुख्यमंत्री देवेंद्र फडणवीस यांच्या हस्ते प्रकाशन
मुंबई : महाराष्ट्र औद्योगिक विकास महामंडळाच्या वतीने प्रगतीचा आढावा घेणारे व्यापारी वृत्तपत्र, ‘महाउद्योग’ याचे प्रकाशन मुख्यमंत्री देवेंद्र फडणवीस यांच्या हस्ते करण्यात आले. यावेळी उद्योगमंत्री सुभाष देसाई, उद्योग विभागाचे अपर मुख्य सचिव सतिश गवई, मुख्यमंत्र्यांचे प्रधान सचिव भूषण गगराणी, महाराष्ट्र औद्योगिक विकास महामंडळाचे मुख्य कार्यकारी अधिकारी डॉ. पी. अनबलगन, ऑरिकचे सह…
Raksha Mantri approves participation of private sector industries apart from OFBs and DPSUs for RM’s Awards for exellence
In a major boost to the ‘Make in India’ initiative in Defence and Aerospace sector, Raksha Mantri Shri Rajnath Singh accords approval to allow Private Sector industry compete with Ordnance Factories and Defence Public Sector Units (DPSUs) for the prestigious Raksha Mantri’s Awards for Excellence. This is a significant departure…
Lucknow to host Asia’s biggest arms show ‘DefExpo’ in February 2020
NEW DELHI: The Defence Ministry has selected Lucknow to conduct Asia’s biggest defence exhibition in 2020. The state capital of Uttar Pradesh will conduct the 11th DefExpo from February 5th to 8th next year. Making it official the Ministry of Defence on Sunday tweeted, “The 11th biennial edition of DefExpo…
MSME credit jumps Rs 14.97 lakh crore in FY19; new portal in offing on lines of Amazon, Alibaba
Cabinet Minister Shri. Nitin Gadkari said that the government has decided to set-up a web portal within a month for products made by MSMEs similar to “what Alibaba has done to China’s growth and Amazon in the US.” Bank credit to MSME has risen from Rs 10.70 lakh crore during…
Commerce & Industry Minister Shri. Piyush Goyal for making GeM portal more simple to attract MSME players
Commerce and Industry Minister Shri. Piyush Goyal has directed officials handling public procurement portal GeM to make it more simple, less time consuming and attractive to attract vendors, especially from the MSME sector. The minister’s directive came during a meeting Thursday to review and formulate an action plan for Government…
MSME Schemes: Modernizing your business through Credit Linked Capital Subsidy Scheme for Technology Upgradation
Equipping the business with cutting-edge technology is essential to ensure you stay competitive in today’s industrial environment. Technology is an essential component of every successful business. Until and unless manufacturing is aided by technology, the product does not meet the standards of modern day customers and this negatively impacts the…
Nearly half of India’s exports came from MSMEs in FY19, up from 7.5% in FY18
Share of exports of products related to India’s micro, small and medium enterprises (MSME) during the year 2018-19 stood at 48.10 per cent as per the information from Directorate General of Commercial Intelligence and Statistics. The jump in the share has been impressive from the preceding year (FY18) when MSME…
देशात तारापूर सर्वाधिक प्रदूषणकारी; राष्ट्रीय हरित लवादाकडून यादी प्रसिद्ध
हरित लवादाने अनेक प्रदूषण करणाऱ्या उद्योगांना त्यांचे उत्पादन बंद करण्याचे वेळोवेळी आदेश दिले आहेत. देशामध्ये प्रदूषण करणाऱ्या औद्योगिक वसाहतीमध्ये (क्लस्टर) तारापूर अग्रक्रमावर असून राज्यातील इतर औद्योगिक परिसरांची पर्यावरण रक्षणाची कामगिरी तुलनात्मक समाधानकारक आहे. राष्ट्रीय हरित लवादाने प्रदूषण करणाऱ्या १०० प्रमुख औद्योगिक शहरांची यादी प्रसिद्ध केली असून त्यामध्ये राज्यातील चंद्रपूर, औरंगाबाद,…
Govt looks to spend ₹5,000 crores on skilling unorganized workers
The move is being seen in sync with the Union government’s tilt towards creating more beneficiaries The govt believes that unless the informal sector is targeted, the skills mission will not be successful India’s skill mission will shift its focus from the formal to informal sector with an annual expenditure…
India’s spatial development challenge needs attention
Will India’s growth remain concentrated in mega-cities or will it shift to secondary cities and small towns? For India, a faster pace of spatial development is vital to enable the country to take full advantage of its demographic dividend afforded by its young population. With 12 million people joining the…
शेतकऱ्यांसाठी मोठी बातमी! आता थेट बँक खात्यात येणार खतांची सबसिडी
केंद्रातल्या मोदी सरकारनं मोठा निर्णय घेत 70 हजार कोटी रुपये धान्याची सबसिडी थेट शेतकऱ्यांच्या खात्यात हस्तांतरित करण्यात येणार आहे. नवी दिल्लीः केंद्रातल्या मोदी सरकारनं मोठा निर्णय घेत 70 हजार कोटी रुपये धान्याची सबसिडी थेट शेतकऱ्यांच्या खात्यात हस्तांतरित करण्यात येणार आहे. सरकारनं यासाठी तीन नव्या टेक्नॉलॉजीवर काम सुरू केलं आहे. या…
गॅस वितरकांची मक्तेदारी टप्प्याटप्प्याने बंद करणार
नवी दिल्ली : देशात दिल्ली, मुंबईसह ३४ शहरांतील नैसर्गिक गॅस वितरकांच्या मक्तेदारीला केंद्र सरकार टप्प्याटप्प्याने बंद करणार आहे. येत्या सहा महिन्यांत सरकार असे नियम लागू करील की त्यामुळे ही मक्तेदारी कमी कमी होत जाईल. ग्राहकांना त्यांच्या पसंतीचा पुरवठादार (सप्लायर) या नियमांमुळे निवडता येईल, असे वरिष्ठ अधिकाऱ्याने सांगितले. २००९ मध्ये पेट्रोलियम…
Here’s how to keep your money safe online and what to do in case of fraud
As more and more Indians enter the digital payments space, it is becoming increasingly important to have more awareness on issues related to online bank fraud. The increase in digital transactions in India has led to a corresponding increase in the number of people losing their money online. The report…
This startup fund will be the first to use iSAFE for investing
iSAFE, which stands for India Simple Agreement for Future Equity, is an alternative to a convertible security note. New venture capital platform 100X.VC will fund close to 20 startups between July and September. It plans to invest in 100 startups over the period of 12 months. These investments will be…
Should we have Robotics as a subject of study in schools?
Technology is what drives the world today, and students need to be in tune with the latest developments. Robotics in schools will give them a headstart Robotics as a career choice is gaining popularity among today’s students. Robots are machines that can either independently, or on command, carry out a…
Linode Expands Global Data Center Network to India
MUMBAI, India, July 17, 2019 /PRNewswire/ — Linode, the world’s largest independent open cloud provider, opened its newest data center today in Mumbai, India. The data center expands the company’s global footprint to one of the fastest growing developer and technology regions in the world. The new data center is…
MSME Ministry: SFURTI regenerating traditional coir, bamboo, and cane industries through cluster approach
MSME Minister Nitin Gadkari told the Lok Sabha yesterday how the Scheme of Fund for Regeneration of Traditional Industries (SFURTI) is making traditional industries more productive and competitive. Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises (MSME), told the Lok Sabha in a written reply yesterday that the…
ICICI Bank launches digital banking platform ‘InstaBIZ’ for MSMEs
MUMBAI: ICICI Bank announces the launch of a new digital platform curated specially for MSMEs and self-employed customers to enable them to undertake their business banking transactions digitally and instantly. Called, ‘InstaBIZ’, it allows customers to avail as many as over 115 products and services in a digital and secure…
YES BANK launches Click OD (over draft) facility for existing MSME customers
MSME customers can now avail OD up to Rs. 10 lakh, digitally Mumbai, May 30, 2019: YES BANK, India’s fourth largest private sector Bank, announced the launch of Click OD (over draft) facility for the Bank’s existing Micro, Small and Medium Enterprises (MSME) customers. Through this, an MSME can avail…
Interest equalization rate for pre & post shipment credit for MSME Textile exporters enhanced: Smriti Irani
New Delhi, July 12 (KNN) Government has enhanced interest equalization rate for pre and post shipment credit for exports done by Micro, Small and Medium Enterprises (MSMEs) of textile sector from 3% to 5% from November 2, 2018, said Smriti Zubin Irani, Union Minister of Textiles. In a written reply to…
PMEGP scheme created 5.87 lakh MSME jobs in 2018-19, says Nitin Gadkari
In a written reply to the Lok Sabha, Union Minister for MSME, Nitin Gadkari, presented datarevealing that under the Prime Minister’s Employment Generation Programme (PMEGP), 5.87 lakh micro enterprise jobs were created in 2018-19. A government release quoted him saying that this large number of employment opportunities was created with the use of relatively…