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Budget’s infra focus to give fillip to electrical equipment industry
With the proposed capex of Rs 100 lakh crore over the next 5 years, it will further provide an impetus to infrastructure sector (highways, airports, railways, metros, ports, housing, etc). This will result in continued growth of the electrical equipment industry.Read 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
Quarterly GST returns for businesses with Rs 5 cr turnover: Budget 2019-20
The Budget proposes to move to an electronic invoice system, to be rolled out from January 2020, wherein invoice details will be captured in a central system at the time of issuanceRead 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
To become $5 tn economy, India needs to grow at 8%: Economic Survey
The survey, presented a day before Budget 2019-20, recommends creating a virtuous cycle encompassing private investment, jobs, exports Read 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