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Why MSMEs want a review of Section 43B(h)?
Section 43B(h) of Income Tax Act - mandating payment to micro and small enterprises (MSEs) within 45 days of supply - was welcomed when announced in Budget 2023-24. However, MSEs are now facing a peculiar problem of losing orders from large firms because of it. Rakesh Rao explores more on this issue and the road ahead.Read more
Aatmanirbhar Gujarat 2022: Boosting growth of MSMEs
The Aatmanirbhar Gujarat 2022 Scheme aims to increase investment in the MSME sector in Gujarat, boosting Gujarat's industrial landscape and contributing to Atmanirbhar India's vision. Saumil Soni and Jaideep Jain explore the scheme and its impact on MSMEs.Read more
Embedded Finance: Unlocking Working Capital for MSMEs to Propel Growth
- Embedded financing emerges as the guiding light steering businesses towards financial stability.Read more
Compliance challenges: Probable solutions for MSMEs
Rishi Agrawal, explores the myriad of compliance challenges SMEs face and solutions that can be utilised to combat the issues. Read more
MSMEs: The Fight for Financing
As India seeks to become the world’s third-largest economy by 2027, measures are afoot to resolve the funding-related challenges routinely faced by the country’s humongous MSME segment to truly transform it into a strong industrial economy backbone, says Manish Pant.Read more
DGFT partners with DHL to prepare MSMEs for export in 76 districts
DGFT has been collaborating with various e-commerce platforms and other service providers to handhold and hold capacity building and training sessions in the identified districtsRead more
TIIC promotes green investments with New ESG Cell for MSMEs
During a recent meeting of the Council of State Industrial Development and Investment Corporations (COSIDIC), hosted by TIIC, the emphasis was placed on integrating sustainability into MSMEs.Read more
ONDC and Meta forge alliance to digitally upskill 500,000 small businesses
The Meta Small Business Academy provides entrepreneurs and marketers with a certification in digital marketing skills, specifically tailored to enhance their presence on Meta's applications.Read more
BCIC advocates manufacturing growth for India's export ambitions
Bangalore Chamber of Industry and Commerce (BCIC) asserted that India's manufacturing sector must increase its contribution to the country's GDP from 16.5% to 20% to achieve the ambitious export target of $8.3 trillion by 2047.Read more
Impact of the PLI scheme on job creation
While large corporations play a pivotal role in India's economic landscape, it's the Small and Medium Enterprises (SMEs) that often act as the backbone of the nation's job market. The PLI scheme is a game-changer for these smaller organisations, as it provides them with a substantial boost, says Krishnendu ChatterjeeRead more