Empowering MSMEs with News & Insights

Economy

Government to initiate anti-profiteering measures against traders for not passing the GST rate cuts benefits to consumers

Government to initiate anti-profiteering measures against traders…

New Delhi, Aug 13 (KNN) The central government has decided to initiate anti-profiteering measures against the traders who are not passing the benefits of…

IMF advises India to simplify GST structure

IMF advises India to simplify GST structure

New Delhi, Aug 9 (KNN) The International Monetary Fund or IMF has advised India to simplify the GST structure as multiple rate structure and other…

India doubles import duty on more than 300 textile products to protect domestic industries

India doubles import duty on more than…

New Delhi, Aug 8 (KNN) In a bid to protect domestic textile sector from cheaper imports, government of India has announced the 20% import duty on more than…

Manish Sisodia proposes GST scheme for MSMEs with turnover of up to Rs 5 crore

Manish Sisodia proposes GST scheme for MSMEs…

New Delhi, Aug 6 (KNN) Delhi Finance Minister Manish Sisodia proposed a scheme for the MSMEs with turnover of up to Rs 5 crore per annum, in which a certain…

India’s Services PMI rose to 54.2 in July; shows 2nd straight month of growth and fastest since October 2016

India’s Services PMI rose to 54.2 in…

New Delhi, Aug 3 (KNN) The Nikkei India Services PMI rose to 54.2 in July, 2018 from 52.6 in the previous month. It was the second straight month of growth…

GST council might merge two GST rates into single slab: Sushil Modi

GST council might merge two GST rates…

New Delhi, Aug 3 (KNN) The GST Council might consider merging the rates of 12 per cent and 18 per cent into a single slab of 14-15 per cent, depending on…

CBIC withdraws circular clarifying 5% GST on catering services by Educational Mess and Railways

CBIC withdraws circular clarifying 5% GST on…

New Delhi, Aug 2 (KNN) The circular levying 5 per cent Goods and Services Tax (GST) on the catering services provided by the Mess or canteen in educational…

RBI hikes repo rate by 26 bps to 6.50%

RBI hikes repo rate by 26 bps…

Mumbai, Aug 1 (KNN) The Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC), headed by governor Urjit Patel, today hiked the policy…

India’s Mfg PMI drops to 52.3 in July from a six-month high of 53.1 in June

India’s Mfg PMI drops to 52.3 in…

New Delhi, Aug 1 (KNN) The Nikkei India Manufacturing PMI dropped to 52.3 in July of 2018 from a six-month high of 53.1 in the preceding month.

However,…

Safeguard duty imposed on imports of solar cells from China and Malaysia for two years

Safeguard duty imposed on imports of solar…

New Delhi, July 31 (KNN) In a move to protect the domestic industry from sharp rise in import of solar cells, a safeguard duty has been imposed in the imports…

SUBSCRIBE TO OUR MAILING LIST

Get the latest updates from KNN

Your e-mail will be secure with us. We will not share your information with anyone !