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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] 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 amends interest subvention scheme for MSMEs to give fillip to the sector

The Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways, Nitin Gadkari has approved the changes in the Interest Subvention Scheme for MSMEs, in a meeting held to review the functioning of the scheme.Read more

Govt approves changes in interest subvention scheme for MSMEs to give fillip to the sector

Post changes, MSME units eligible for GST can now avail the benefits of the scheme with just their GST number (GSTN)Read more

New-age skills AI, robotics, IoT to be promoted: Budget 2019-20

Under Stand-Up India Scheme, which has been extended till 2025, banks will provide financial assistance for businesses, including for acquisition of scavenging machines, robotsRead more

EV buyers to get benefit of additional IT deduction of Rs 1.5 lakh: Budget 2019-20

To further incentivise e-mobility, budget 2019-20 has exempted customs duty on certain auto components (parts) of electric vehiclesRead 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

Renewable energy will create demand for new E&E products

Sharp rise in demand in Q3 & Q4 and stabilised GST helped Indian electrical and electronics (E&E) industry register a record performance in 2017-18.Read more

Tata Power-DDL joins forces with SAP and Choice Technologies to combat power theft with artificial intelligence

In a bid to curb power theft in India and give impetus to the Union Government’s UDAY scheme, SAP SE announced alliance with Tata Power Delhi Distribution Ltd to jointly launch ‘Choice Revenue Intelligence’ solution in the country. With vast experience in Aggregate Technical & Commercial (AT&C) loss reduction, Tata Power-DDL will be the exclusive country partner and system integrator of this solution for Indian distribution companies (discoms). The announcement was made at thRead more

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