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,
Indian exporters urge Govt for relief from the 45-day payment rule from MSEs’ purchase
NEW DELHI : Indian exporters sought the government and requested an exemption from the 45-day payment rule for goods purchased from MSEs, emphasising that the norm will impact their businesses. The chiefs of major
MSMEs in India worry that this rule is likely to affect working relations with suppliers and buyers
NEW DELHI : As India’s small businesses continue to grapple with debt and delayed payment issues, the Union Finance Ministry is reportedly considering a deferment of the enforcement of Rule 43B (h) under the
Gujarat Govt announces New Purchase Policy with incentives for MSMEs, women-run businesses
AHMEDABAD : The Gujarat Government on Saturday announced its purchase policy 2024 with special incentives for MSMEs and women entrepreneurs in the government procurement of goods and services. The Gujarat Purchase Policy 2024, announced