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SUFI board meets Steel Minister Chaudhary Birendra Singh

A delegation of Steel Users Federation of India (SUFI) recently met Chaudhary Birendra Singh, the Minister of Steel, Government of India, to acquaint him of various challenges faced by the steel fraternity.Read more

GST provided a much required boost to Indian SMEs

Small and medium enterprises (SMEs), considered to be the backbone of the country’s economy, still face a plethora of roadblocks in India.Read more

Warehousing sector creating new growth avenues

Policy initiatives such as introduction of GST and giving infrastructure status to logistics have created new avenues for the growth of warehousing equipment.Read more

YES Bank introduces an industry first GST backed OD facility for MSMEs through ‘YES GST’

YES Bank, India’s fourth largest private sector bank, announced the launch of ‘YES GST’, an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs). Through this first-of-its-kind, industry first initiative, an MSME can avail OD up to Rs 10 million, based on their annual turnover, backed by GST returns.Read more

Vehicle scrappage new policy, unlikely to perk up demand significantly says CRISIL

The much-awaited vehicle scrappage policy has received a go-ahead from the Prime Minister’s Office and is awaiting approval from the Goods and Services Tax (GST) Council. As per the draft policy released by the Ministry of Road Transport and Highways (MORTH) on May 26, 2016, vehicles older than 15 years were eligible for benefits under the scrappage scheme.Read more

Humans and robots – side by side

Robots are moving closer to people, taking over even more tasks from humans and supporting them in carrying out certain difficult jobs. For humans, they are more like colleagues.Read more

Relief for MSME borrowers registered under Goods and Services Tax (GST)

Presently, banks and NBFCs in India generally classify a loan account as Non-Performing Asset (NPA) based on 90 day and 120 day delinquency norms, respectively. Read more

GST had a positive impact on the businesses' logistics, observed FICCI

FICCI conducted a survey of enterprises post the implementation of GST in the months of November 2017 to January 2018 to have a reality check of various issues being faced by the industry with the transition to GST regime. Both MSME and large corporates have participated in the survey and shared their first-hand experiences with GST implementation in the first six months since its implementation.Read more

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

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