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Government not keen to extend credit guarantee scheme for MSMEs
The objective is to provide support to all those affected and if there are no takers for the scheme, there is no need to extend the scheme even though there is some room left. Read more
PLI Scheme to herald a new era in electronic manufacturing: Ravi Shankar Prasad
Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, notified on April 1, 2020, has evoked good response from global as well as domestic mobile phone manufacturing companies and electronic components makers. Production of Rs. 10.5 lakh crore and Exports of Rs. 6.5 lakh crore expected over next 5 years.Read more
India’s PLI Scheme draws Rs. 11.5 trillion FDI for manufacturing in India
While we get clarity on whether the government chooses to battle the retrospective tax against the order given by the Supreme Court in favour of the struggling Vodafone, India’s PLI scheme has made great headway in attracting FDI for manufacturing in India.Read more
Here’s how we can rescue MSMEs
The Supreme Court has chosen to turn a deaf ear to the pleas of the small businesses of the country wanting it to ward off the looming threat of penal action under the Ministry of Home Affairs order and the Disaster Management Act.Read more
Ministry suggest increase in credit guarantee for MSMEs to Rs 5000 bn
MSME Minister Nitin Gadkari urge industry to look upon the present crisis as opportunity especially as some countries are looking to move away their investments from China.Read more
Amid coronavirus pandemic Foreign Trade Policy extended for one year
Exemption from payment of IGST and Compensation Cess on the imports made under Advance/EPCG Authorisations and by EOUs etc has been extended up to March 31, 2021Read more
Coronavirus: A silver lining for India’s exports?
India’s exports witnessed a nominal year on year decline of 1.66 per cent to $ 25.97 billion in January 2020 due to global and domestic factors.Read more
Robotic welding techniques offer much clear and qualitative output
With many development initiatives in various sectors like infrastructure, shipping, manufacturing etc have created demand for quality welding.Read more
[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] 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