FM Sitharaman hints about the reconsideration of 45-Day payment rule to MSMEs
LUDHIANA : Finance Minister Smt. Nirmala Sitharaman suggested that the government is open to reconsidering the existing 45-day payment rule to (MSMEs) micro, small and medium enterprises, if the industry desires it. Sitharaman highlighted
India’s exports of medical consumables, disposables surged by 60% in 2022-23
NEW DELHI : India’s exports of medical consumables and disposables have surged by about 60 per cent to USD 1.6 billion in the fiscal year 2022-23 from USD 1.08 billion in 2019-20, according to
MSME highlight their biggest pain points and preferences, reveals Borzo data
MUMBAI : At the heart of the Indian economy lies the Micro, Small, and Medium-Sized Enterprises – MSME segment, playing a vital role in India’s overall GDP as a driving force of growth and
Supreme Court dismisses MSME plea against 45-day credit extension rule
NEW DELHI : The Supreme Court on Monday declined to hear a challenge by micro, small and medium enterprises (MSMEs) against Section 43B(h) of the Income Tax Act rule that restricts them from extending
Extension of interest subvention scheme with deeper subvention required to provide export competitiveness : President, FIEO
NEW DELHI : Interest equalization scheme (IES) is one of the most effective instruments to remove cost disability of Indian exports. The scheme provides much needed competitiveness to our exports, said Shri Ashwani Kumar,
To promote exports from India, DGFT evaluating usefulness of Interest Equalisation Scheme
NEW DELHI : The government is scrutinising the Interest Equalisation Scheme for exporters to analyse its usefulness in promoting exports so far, including from the MSME sector, to decide if it should be continued
Small exporters looking for continuation of amnesty scheme till September
NEW DELHI : Several small exporters have requested the government to continue the amnesty scheme for one-time settlement of default in export obligation till September, an industry body said on Monday. Ludhiana-based Hand Tools
MoCI may look for extension of interest equalisation for exporters
NEW DELHI : The Commerce Ministry(MoCI) is likely to seek further extension of the interest equalisation scheme on pre- and post-shipment rupee export credit for another five years to promote the country’s outbound shipments,