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[Budget 2020] New NIRVIK scheme to provide higher export credit disbursement

FM Nirmala Sitharaman proposes allocation of Rs 27,300 crore for industry and commerce in FY21; and raises Customs Duties on number of productsRead more

[Budget 2020] Budget aims to give boost to MSME sector with number of proposals

MSMEs turnover threshold for audit increased 5 times to Rs 5 crore, proposes Rs 1000 crore for MSME funds, increase customs duties on labour-intensive products like footwear, furniture, etcRead more

[Budget 2020] FM announces new smart meters scheme; allocates Rs 22,000 crore to power and renewable sector

Smart meters scheme, which is aimed at reducing financial stress of Discoms, will help companies like Secure Meters, HPL Electric & Power Ltd, etcRead more

[Budget 2020] FM announces scheme to boost domestic manufacturing of electronic goods

Aim is to reduce reliance on Chinese imports of electronic components. FM also allocated Rs 8,000 cr for setting up National Mission on Quantum Computing to compete with US and China in this new field Read more

Govt reduces corporate tax to 22% and 15% for new manufacturing firms

Decision to expand the scope of CSR spending expected to promote PPP in R&D and help India move up the innovation ladderRead more

Budget 2019 is significant for India’s machine tools industry: IMTMA

It is a positive step towards development of MSME sector and aims to position India as an elite manufacturing hub, says Indian Machine Tool Manufacturers' Association (IMTMA)Read more

Budget 2019-20 proposes PPP model for faster development of railways

It is estimated that Rs 50 lakh crores will be needed for railway infrastructure between 2018 and 2030, while capex outlays of Indian Railways are around 1.5 to 1.6 lakh crores per annumRead more

Budget announces changes in customs duty for some products

Import of defence equipment, currently not manufactured in India, are being exempted from the basic customs duty, said Finance Minister Nirmala SitharamanRead more

Budget 2019-20 allocates Rs 350 cr under Interest Subvention Scheme for MSMEs

To provide domestic industry a level playing field, basic customs duty has been increased on items such as PVC, metal fitting, auto parts, optical fibre cable, CCTV camera, IP camera, etcRead more

IEEMA expects measures to boost electrical equipment industry growth in budget

The apex association has recommended favourable tax structure to reduce manufacturing cost, zero basic customs duty on imports of CRGO Steel and amorphous alloy ribbon, etc.Read more

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