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Change in classification norms for MSMEs to boost growth

The Cabinet’s decision to change the criteria for classification of micro, small, and medium enterprises (MSMEs) from ‘investment in plant and machinery’ to ‘annual turnover’ is likely to give a boost to SMEs sectorRead more

Economic Survey highlights 10 new economic facts about India

The Economic Survey, tabled in the Parliament yesterday, has relied upon analysis of the new data to highlight ten new economic facts about India.Read more

Economic Survey predicts 7-7.5% GDP growth in 2018-19

As a result of a series of major reforms undertaken over the past year, India’s real GDP growth will reach 6.75% this fiscal and will rise to 7-7.5% in 2018-19Read more

Lower taxes post GST rejig to benefit plastics industry

Welcoming the reduction in GST rates across the spectrum of products from 28% to 18%, the plastics industry feels the move will give a boost to the industryRead more

Copper industry received a major boost since GST

The Government of India has undertaken initiatives such as digitalization, Housing for All, Make in India, electrification of vehicles, renewable energy capacity target of 175 GW, etc. Read more

RISE to be the first education institute in India to launch GST course

According to reports and surveys by KPMG and FICCI, India shows shortage of skilled workers. In the skills gap report commissioned by National Skill Development Corporation, most of the sectors except agriculture will require more skilled workforce in the next seven years. To fill in this gap, Renaissance Group of Institutes has launched an online GST training and certification course.Read more

DeMo & GST have considerably slowed down the economy

Demonetisation and GST have adversely affected the demand for printing and packaging machinery industry. In this interaction, S Dayaker Reddy, President of Indian Printing, Packaging and Allied Machinery Manufacturers’ Association (IPAMA), and Director, Sai Enterprises, highlights the challenges of this industry and probable solutions.Read more

Demystifying GST for SMEs

The Goods and Services Tax has been implemented to revive the Indian taxation system. The GST Act was passed in the Lok Sabha on 29th March, 2017, and came into effect from 1st July, 2017. Since law-making and implementing is a process of continuous learning and improvement, it does lead to uncertainties at times and the same is also true for GST. To clear this dust of confusion to some extent with respect to SMEs , IPF conducted a roundtable conference on 30th August at Delhi.Read more

How can SMEs be big and effective?

Ranabir Chakraborty analyses the impact of GST on SMEs in lead acid battery industry and provides probable strategies for their survival. The Indian lead acid battery market, which is around Rs 35,000 crores per year market now, can be divided in to three groups - big players, next level and small players.Read more

The prospect of material handling industry looks promising with the introduction of GST

Harsh Dhami, Managing Director, HVD Distributors Pvt Ltd, expresses a hopeful outlook for the material handling industry in an interview with IPF. India has emerged as the fastest growing major economy in the world as per the Central Statistics Organisation (CSO) and International Monetary Fund (IMF). Numerous foreign companies are setting up their facilities in India on account of various government initiatives like Make in India and Digital India would boost the manufacturing sector. Read more

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