Page 2 - SME

31.6 million MSMEs registered between July 2020 and Dec 2023: Govt

Citing data uploaded on the Udyam Registration Portal, the Minister said all the 3,16,05,581 MSMEs included informal micro-enterprises. All the MSMEs were registered on the Udyam Assist Platform

PM Rishi Sunak's officials in Delhi to discuss India-UK FTA: Report

The Guardian' newspaper reports that while there is no official comment from either side on such a visit, Prime Minister Narendra Modi-led government is keen to finalise the FTA by the end of February

Chatroom: Individuals can get up to $250,000 forex for their foreign trips

Para 6.07(a) allows sale in DTA without any limit for EOUs in sectors other than gem and jewellery and services, so long as you achieve positive NFE

MSMEs getting greater attention in free trade agreements: Govt official

Additional Secretary in the department of commerce Rajesh Agarwal said FTAs can enable better integration of MSMEs with global value chains

HSBC India, UK Export Finance tie up for 100 mn pound financing programme

This partnership will enhance the availability of credit for Indian MSMEs and boost trade ties between the two countries, HSBC India said in a statement on Thursday

NSE ties up with Bengal govt to facilitate fund raising for SMEs in state

As part of the pact, NSE with the support of West Bengal government will conduct awareness drives through seminars, MSME (Micro, Small and Medium Enterprises)camps

CHATROOM: Merchanting trade transactions must be completed within 9 months

TNC Rajagopalan answers SME queries related to GST, export and import matters

'EPCG: Doubts persist over maintaining annual average exports of services'

TNC Rajagopalan answers SME queries related to GST, export and import matters

Increased sugar prices to lift MSMEs' margins: CRISIL SME Tracker

Lower cane availability is expected to result in reduction in cane being diverted for ethanol production from 4.5 million tonne to 4 million tonne

SMEs utilising digital technologies for various business functions: Report

Another 39 per cent respondents reported that one-fourth to half of their sales were through such online platforms, the report added

Revving up: Outlook, opportunities for auto component SMEs in 2024

The replacement market is expected to modestly increase in 2024, following its improvement in 2023, driven by higher sales in FY19

Himachal govt to provide collateral-free loan to small-scale enterprises

"The scheme aims to empower small entrepreneurs and uplift the state's economy", Chief Minister Sukhvinder Singh Sukhu said

CHATROOM: DGFT should review circular on sale of IPA from SEZ to DTA

Section 4(1) of the Competition Act, 2002 says that no enterprise or group shall abuse its dominant position

The Alternative Board forays into Tamil Nadu, sets sight on SMEs

Ramas Krishnan, managing partner of TAB India, said, "We began TAB India operations in Mumbai

Alternate financing poised to capitalise on $570 bn SME credit opportunity

India is home to 64 million micro, small and medium enterprises (MSMEs), contributing 30 per cent of the nation's GDP

CHATROOM: Second beneficiary cannot transfer LC to another, says expert

Section 143 of the CGST Rules, 2017 allows sending any inputs or capital goods, without payment of tax, to a job-worker for job work and from there subsequently to another job-worker and likewise

CHATROOM: 'Customs should reveal method used to fix value of export goods'

Rule 1.1 of the FEDAI Rules, 2019 says that the normal working hours of ADs for foreign currency to Indian rupee transactions for clients is 9 a.m. to 5 p.m. on all days, except Saturdays, Sundays

MSME influencers forum launched to promote small- medium units growth

The collaborative programme which was inaugurated on Friday is promoted by financing platform Dealplexus and SMEStreet

CHATROOM: 'CBIC should tweak legal provisions for SEZ to DTA sales'

Firstly, it is not correct to say that the B/E is filed on the basis of the proforma invoice

CHATROOM: 'DGFT should resolve contrary provisions in FTP, HBP quickly'

DGFT Policy Circular no. 11(RE-01)/2001-02 dated 1.10.2001 had clarified that the annual average exports should be maintained till the export obligation is completed