Search For "msme"
New GST rates implementation has set the stage for consumption led growth
Updated : 5 months, 3 weeks ago IST
India's Goods and Services Tax (GST) 2.0, has been hailed as a "GST booster shot" for consumption-led growth, with major reliefs announced for sectors including FMCG, MSME, textiles, automobiles, healthcare, insurance, electronics and construction, noted a report by the Union Bank of India.
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Most PSU banks likely to report strong loan growth driven by Retail, Agri
Updated : 5 months, 3 weeks ago IST
Even as corporate loan growth continues to remain subdued, most public sector banks (PSBs) are expected to post robust loan growth in the coming quarter, primarily led by loans to retail, agriculture, and MSME segments, according to a sector update by Nuvama Institutional Equities.
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"This will provide significant relief to middle class": BJP's Tarun Chugh
Updated : 5 months, 3 weeks ago IST
The reform in the Goods and Services Tax structure, which was approved during the 56th meeting of the GST Council earlier this month, took effect from today. The current four-rate system will be replaced with a streamlined two-slab regime of 5% and 18%. A separate 40 per cent slab has been r
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"My fellow Indians, Namaskar!": PM Modi addresses citizens as new GST refo
Updated : 5 months, 3 weeks ago IST
The Prime Minister highlighted that these reforms will boost savings and directly benefit every section of society, including farmers, women, youth, the poor, middle-class individuals, traders, and MSMEs.
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"Congress cannot see happiness of people": Union Minister Hardeep Puri jib
Updated : 5 months, 3 weeks ago IST
"During that time, we should see the situation. You used to criticise it so much, called it as Gabbar Singh Tax, whatever, leave that. The situation right now is that we implemented GST, and got second generation (reforms) too, and people are benefiting from this," he added.
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XLRI Partners with Industries Department and Invest India to Launch 15 Liv
Updated : 5 months, 3 weeks ago IST
Jamshedpur (Jharkhand) [India], September 22: In a landmark initiative to strengthen governance, infrastructure, MSME competitiveness and sustainability in Jharkhand, XLRI Jamshedpur, Jharkhand Industrial Infrastructure Development Corporation (JIIDCO), Jharkhand Industrial Area Development
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ISB DLabs and HCL Foundation Launch 'DiscoverShe' to Empower Women Micro-E
Updated : 5 months, 3 weeks ago IST
Bengaluru (Karnataka) [India], September 22: DLabs at the Indian School of Business (ISB), in collaboration with the HCL Foundation, has recently launched DiscoverShe in Bengaluru with its inaugural two-day bootcamp. The initiative aims to empower 400 women micro-entrepreneurs from urban and
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GST reforms will make medicines more affordable, accessible: IPA Sudarshan
Updated : 5 months, 3 weeks ago IST
The Indian Pharmaceutical Alliance (IPA) has welcomed the launch of the Next Generation Goods and Services Tax (GST) reforms, calling it a "transformative move" that will make medicines more affordable and accessible.
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Pawan Khera says PM Modi's address has "nothing new", accuses centre of 'd
Updated : 5 months, 3 weeks ago IST
Congress leader Pawan Khera said there was "nothing new" in the Prime Minister's remarks and accused the government of devastating micro, small and medium enterprises (MSMEs) by implementing demonetisation and GST.
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Congress has long argued GST is "Growth Suppressing Tax": Jairam Ramesh sa
Updated : 5 months, 3 weeks ago IST
Congress leader also said that the current GST reforms are inadequate. According to Ramesh, Outstanding issues include, "The widespread concerns of MSMEs - the major employment generators in the economy - must be addressed meaningfully. Apart from major procedural changes, this involves f
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GST cuts to boost economy, but revenue loss could hit banking sector: Repo
Updated : 5 months, 3 weeks ago IST
While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on various products, a recent report by Systematix Research has pegged the figure much higher, at nearly Rs 1.2 trillion.
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MSME NPAs may rise slightly in export sectors amid global headwinds: Crisi
Updated : 5 months, 3 weeks ago IST
Non-performing assets (NPAs) in the Micro, Small and Medium Enterprises (MSME) sector may see a marginal uptick, particularly in select export-oriented industries, amid global trade headwinds and portfolio seasoning, according to Crisil Ratings.
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