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SBI working on scheme to help profit making SMEs facing difficulties post demonetization

SBI working on scheme to help profit…

Mumbai, Feb 3 (KNN) The State Bank of India (SBI) is working on a scheme under which it would help the MSMEs, with turnover upto Rs 25 crore, who are now…

Surging NPAs within MSME sector – who is responsible??

Surging NPAs within MSME sector – who…

New Delhi, Feb 3 (KNN) The Economic Survey 2017 has brought out, may be inadvertently, a glaring glitch in the MSME credit policy of RBI.

The survey…

RBI asks NBFCs/ MFIs to charge interest rates based on preceding quarter

RBI asks NBFCs/ MFIs to charge interest…

Mumbai, Feb 3 (KNN) The Reserve Bank of India (RBI) has asked Non-Banking Financial Companies (NBFC) and Micro Finance Institutions (MFIs) to ensure that…

FSSAI to hold meeting on Feb 9 to discuss Roadmap on Large Scale Fortification of Milk in India

FSSAI to hold meeting on Feb 9…

New Delhi, Feb 3 (KNN) The Foods Safety and Standards Authority of India (FSSAI) will hold discussions with stakeholders on February 9 to discuss Roadmap…

Promises were not a problem during Samajwadi Party’s tenure, only implementation was: UP MSMEs

Promises were not a problem during Samajwadi…

Lucknow, Feb 3 (KNN) As battleground UP is all set for the Assembly Elections in February, KNN spoke to industry representatives across sectors…

Hand-woven products of West Bengal Handloom Clusters find place in Lakme Fashion Week

Hand-woven products of West Bengal Handloom Clusters…

New Delhi, Feb 3 (KNN) The traditional hand-woven products of West Bengal Handloom Clusters has reached all the way to the most awaited fashion show of…

Government to take concrete steps for re-energizing Capital Goods, Automotive & Heavy Industries

Government to take concrete steps for re-energizing…

New Delhi, Feb 3 (KNN) Government has assured Indian manufacturers that concrete steps would be taken for re-energizing the capital goods, automotive and…

J&K MSMEs disappointed as their plea to extend Tax Holiday to industry went unheard: BBIA

J&K MSMEs disappointed as their plea to…

Jammu, Feb 2 (KNN) The Jammu based micro, small and medium enterprises (MSMEs0 have expressed disappointment with the Union Budget stating their plea to…

Recapitalisation of Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) - a step in right direction

Recapitalisation of Credit Guarantee Trust for Micro…

New Delhi, Feb 2 (KNN) The recent decision of the Government to enhance the corpus fund of CGTMSE to Rs 7500 crore addressed a long awaiting demand of the…

Significant proportion of NPAs came from MSMEs; real loan growth to MSMEs turned negative: Economic Survey

Significant proportion of NPAs came from MSMEs;…

New Delhi, Feb 2 (KNN) The Economic Survey 2016-17 highlights that a significant proportion of increases in NPAs came from mid-size and MSMEs as smaller…

Do Economic Survey & Budget signal a movement towards labour reforms in 2017?

Do Economic Survey & Budget signal a…

New Delhi, Feb 2 (KNN) A remark made by a senior bureaucrat in the Government sums up the dilemma of all political parties when it comes to labour reforms.…

Focus on infra in the Budget will bring down logistic cost: FIEO

Focus on infra in the Budget will…

New Delhi, Feb 2 (KNN) The focus on infrastructure sector in the Union Budget will help the industry as logistic cost will come down, said Ajay Sahai, Director…

Funds allocated for textile sector will boost production, employment generation and export: Textile Association (India)

Funds allocated for textile sector will boost…

New Delhi, Feb 2 (KNN) Union Textiles Minister Smriti Irani on Wednesday said the allocation of funds for the Textile Sector will "greatly benefit"…

IIM CIP along with GIZ & Steinbeis conducting 4-day workshop on Managing Innovation in SMBs

IIM CIP along with GIZ & Steinbeis…

Kolkata, Feb 2 (KNN) IIM Calcutta Innovation Park (IIMCIP), Joka, Kolkata, in collaboration with GIZ and Steinbeis Germany is conducting a 4-day workshop…

Domestic value added manufacturing not supported by Budget; it will encourage imports: ELCINA

Domestic value added manufacturing not supported by…

New Delhi, Feb 2 (KNN) The Indian IT-Electronics sector said the Budget gives push to domestic electronics manufacturing, however, the MSMEs from the sector…

B’lore based Ujjivan Small Finance Bank starts operation

B’lore based Ujjivan Small Finance Bank starts…

Mumbai, Feb 2 (KNN) Bengaluru based Ujjivan Small Finance Bank Limited has started is operations as a small finance bank with effect from February 1, 2017.…

RBI cautions users of Virtual Currencies

RBI cautions users of Virtual Currencies

Mumbai, Feb 2 (KNN) The Reserve Bank of India has again cautioned the users, holders and traders of Virtual currencies (VCs), including Bitcoins, about…

Presumptive income scheme for audit of entities raised to Rs. 2 cr; time period for revising tax return reduced to 12 months

Presumptive income scheme for audit of entities…

New Delhi, Feb 1 (KNN) Allowing people to claim the refund expeditiously, Finance Minister Arun Jaitley, in his Budget Speech, said the time period for…

Salient Features of Direct Tax Proposals in Union Budget 2017

Salient Features of Direct Tax Proposals in…

The Union Budget 2017 was laid before the Parliament today by the Hon’ble Finance Minister of India. The salient features of Direct Tax proposals are summarised below:

Budget is neither sweet nor bitter, says Mysuru Industries Association

Budget is neither sweet nor bitter, says…

Mysuru, Feb 1 (KNN) Mysore Industries Association (MIA) has expressed mixed reaction on the 4th Union Budget presented by the Union Finance Minister Arun…

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