Page 11 - Msmes

E-invoicing under GST pick up speed, posts 17% growth in November

Daily invoice generation has now improved to 2.5-2.7 million per day compared to an average of 1.5 million a day in October.

Tata Steel launches all-weather aluminium-zinc coated product for MSMEs

A 55% aluminium-zinc alloy coated product, Galvanova comes with superior corrosion resistance and has a distinctive white metallic sparkle

Sidbi partners with Tamil Nadu to bolster MSME ecosystem in the state

Sidbi will deploy a project management unit in the Tamil Nadu government to design training and capacity-building programmes to be taken up by the state in various areas

70,000 Indian exporters set for Black Friday, Cyber Monday sale on Amazon

Amazon's Global Selling Programme is expected to generate $10 billion in cumulative export sales by 2025 for Indian exporters enrolled in this programme

New credit guarantee scheme will help India Inc revive, expand: CEOs

Say stimulus measures will spur economic activity, especially in construction and infra sector

Over 1.1 million MSMEs registered on Udyam online system since July: Govt

Over 11 lakh MSMEs have registered on the newonline system of Udyam Registration launched in July, the government said on Saturday. Out of these, 3.72 lakh enterprises have registered under manufacturing category whereas 6.31 lakh enterprises under service sector. The share of micro enterprises is 93.17 per cent whereas small and medium enterprises are 5.62 per cent and 1.21 per cent, respectively. An official statement said 7.98 lakh enterprises are owned by male whereas 1.73 lakh enterprises by female entrepreneurs, and 11,188 enterprises are owned by divyangjan entrepreneurs. "The top five industrial sectors of registrations are food products, textile, apparel, fabricated metal products and machinery & equipment. 1,01,03,512 persons have been given employment by these registered units," the MSME ministry stated. The five leading states for Udyam registrations are Maharashtra, Tamil Nadu, Rajasthan, Uttar Pradesh and Gujarat. Registration without PAN and GST number is permitted

Pre-packaged scheme, special rules for MSMEs in amendments to IBC

Changes likely to be tabled in Winter Session of Parliament

Uttar Pradesh among Top 5 in MSME employment generators amid Covid-19

Uttar Pradesh has found place among top five states of the country for providing employment under the Micro, Small and Medium Enterprises (MSMEs) during Corona pandemic

Govt framing rules for easy foreign listing of start-ups and MSMEs

New rules will formalise an industry practice, reduce costs of transaction

India Inc needs to respond to various reforms undertaken by govt, says CEA

He said that India is the only country which utilised the opportunity provided by the current crisis to unleash the second generation reforms that are focused on factor markets

Had a strong Prime Day in India, Diwali off to a good start: Amazon CFO

The e-commerce giant will continue to invest in international markets including India, where the volumes are growing

MSMEs backbone of economy, can help in boosting exports: Nitin Gadkari

The government wants to create more employment in the backward and tribal areas, Gadkari said

Govt revises PLI scheme for bulk drugs to boost local manufacturing

Industry says revised PLI scheme will attract more MSMEs to invest as minimum investment clause done away with

Gold loan assets of NBFCs expected to grow at 15-18% in current fiscal

The demand, especially from individuals for meeting urgent personal requirements and from micro enterprises for working capital to restart businesses, would propel gold loan growth

43% small businesses plan to hire women in the next 6 months: Survey

Covid-19 has caused 78% of small businesses in India to reduce their workforce in the last 8 months, according to the LocalCircles survey

UP govt to float asset-based lending arm to ease working capital for SMBs

Will set up JV between two state-owned entities, push for developing industrial enclaves spanning 5-50 acres under PPP model

BSE joins hands with Telangana govt to help MSMEs raise equity funds

The BSE and the commerce and industries department of Telangana, along with GlobalLinker, have signed a memorandum of understanding in this regard, the exchange said in a statement

Govt may not extend Rs 3 trn credit guarantee scheme for MSMEs beyond Oct

The scheme is meant to provide financial support to businesses, primarily Micro, Small and Medium Enterprises (MSMEs), impacted by slowdown triggered by the coronavirus pandemic

ArcelorMittal-Nippon JV launches brands in HR steel, rolled plate segments

Products will be sold via the firm's hypermarkets and will largely target users in the MSME space

Next set of asset quality woes for lenders to come from MSME segment

Gross NPAs at 12.8 per cent in June are up 140 bps year-on-year, marking the sharpest surge across asset pools