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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

[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

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