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Tuesday, March 19, 2024

Industry Dynamics

India’s Merchandise Exports Surge, Driven by the Manufacturing Sector

March 15, 2024: India's resilience in the face of global uncertainties is exemplified by its robust merchandise exports, which have reached a historic high in the current financial year. Despite challenging economic conditions worldwide, India recorded its highest-ever goods...

Union Minister Narayan Rane: New Innovative Initiatives at Ni-MSME

Under the visionary leadership of Union Minister of MSME, Narayan Rane, the 16th Governing Council and 15th Annual General Meeting of the National Institute for MSME (Ni-MSME) convened in New Delhi, marking a significant milestone in the sector's development. Launch...

CM Yogi Adityanath Spurs Local MSMEs, Ousts Chinese Products

In a notable stride towards supporting micro, small, and medium enterprises (MSMEs), the Uttar Pradesh government, led by CM Yogi Adityanath, has announced the rollback of land conversion charges imposed on industrial activity over agricultural land. Efforts to Boost Local...

Land Conversion Policy Reforms: Relief for MSMEs in UP

In a significant step to support micro, small, and medium enterprises (MSMEs), the Uttar Pradesh government has decided to roll back land conversion charges for industrial activities on agricultural land. This move is expected to provide relief to thousands...

MSME Exports: Charting a Path to International Success

Micro, small, and medium enterprises (MSMEs) constitute a vital component of India's economic framework, contributing significantly to employment and GDP. However, despite their importance, only a fraction of enterprises are actively engaged in MSME exports, presenting a considerable untapped...

Green Tourism on The Rise: Trends in 2024

The global tourism industry has witnessed a paradigm shift towards sustainable practices, with small and medium-sized enterprises (SMEs) at the forefront of this transformative movement. Green tourism, also known as eco-tourism, has gained significant traction as environmentally conscious travelers...

SEBI Chief’s Statement Rattles SME Stock Market

Madhabi Puri Buch, the head of the Securities and Exchange Board of India (SEBI), recently highlighted concerns over potential irregularities observed within the Small and Medium Enterprises (SME) segment. During a public event, Buch acknowledged the presence of certain...

Mauritius Offers Over 8-Year Tax Holiday to Investors in Medical Sector

March 7, 2024: Mauritius is extending an enticing offer to Indian companies, providing a lucrative tax holiday exceeding eight years for investments in key sectors such as pharmaceuticals, medical device manufacturing, and biotechnology. This press release highlights the significant...

MSME Payment Rule Under Review: Finance Ministry Contemplates Delay

The Finance Ministry is deliberating a potential deferment of an MSME payment Rule 43B (h) under the Income Tax Act, which mandates payments to MSMEs within 45 days. This amendment, introduced via the Finance Act of 2023, aims to...

Approach to GST Litigation Workshop: Expert Insights

Mumbai, 23rd February 2024: Taxpayers across the country, including MSMEs and large corporate houses, are facing increasing instances of tax notices, summons, queries and investigation from the Central and State GST authorities in recent months. Ms. Anindita Chatterjee, Partner...

Latest News

India’s Merchandise Exports Surge, Driven by the Manufacturing Sector

March 15, 2024: India's resilience in the face of global uncertainties is exemplified by its robust merchandise exports, which...