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The agreement aims to build upon the existing preferential trade pact and seeks to encompass a range of sectors, including digital services, investment promotion and MSME and critical minerals
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Khurana has previously held leadership roles at Bank of Baroda, Syndicate Bank, and Vijaya Bank, where he played a key role in digital transformation and risk management
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One industry source said that the domestic steel prices could go up by 8-10 percent due to the proposed safeguard duty, hitting MSME exporters, since the metal constitutes 60 percent of their production cost.
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Aero India 2025, Asia's largest defense and aerospace airshow, commenced at Bengaluru's Yelahanka Air Force Station with notable figures like Defence Minister Rajnath Singh and Karnataka Deputy Chief Minister DK Shivakumar attending. The five-day event showcases over 9,000 exhibitors, including 150 foreign participants, and emphasizes India’s vision of self-reliance in defense. Aircraft like the Russian Su-57 and US F-35 will perform, while strategic meetings and dialogues aim to enhance defense exports and joint technology production. Singh highlighted Aero India’s role in strengthening India’s defense preparedness and national development. The event will host a range of significant events, including a defence ministers' conclave and the ‘Manthan’ innovation summit, which focuses on startups and MSMEs in defense. A dedicated India Pavilion will display over 275 exhibits, while the iDEX Pavilion highlights innovations secured through procurement contracts worth Rs 1,560 crore. Aero India has evolved since its inception in 1996, growing into a global defense hub.
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CII also suggested reducing the excise duty on fuel and increasing in the minimum wage rate under the Mahatma Gandhi National Rural Employment Guarantee Scheme to boost consumption.
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Among other proposals, EEPC India recommended establishing a transparent and effective mechanism to ensure MSMEs can access steel at affordable price amid speculations that the government may introduce a safeguard duty on the metal.
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While it is not easy to compete with a manufacturing sector that’s 20 years ahead, the good news was that consumers across the world were getting tired and they want change, says Agrawal
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Covid presented one of the biggest challenges to small firms as funding from institutional sources dried up. However, the timely actions by the Government and the RBI by way of funding support and moratoriums on loan repayments helped these firms tide over the crisis.
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Dr Ashok Kumar, Deputy Director General of the Bureau of Energy Efficiency, emphasized MSMEs' significant impact, noting they contribute to 50% of India’s exports and provide employment to 11-12 crore people.
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India needs to put in place a holistic policy for SMEs
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The Budget provides special attention to MSMEs and manufacturing, particularly labour-intensive manufacturing, Nirmala Sitharaman said
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The idea is to design a programme that can enable the participation of the MSME sector, which has been struggling since the covid pandemic and has often complained that PLI scheme is targeted at big industry
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The tweaked Income Tax rule bars businesses from claiming tax deductions for payments beyond 45 days from MSMEs for supply of goods and services.
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CII President prescribed higher spending on health and education, GST rationalisation, focus on MSMEs and an employment-incentive scheme to create jobs
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Bank credit to MSMEs in Jan-Feb was higher than even advances to the housing sector. Brighter business prospects and a regulatory change may explain the jump
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This is in line with India's long-standing position to oppose discussions or establishment of mandates at the WTO on what the country considers non-trade issues such as MSME, environment and sustainability, and gender
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While family businesses constitute about 75% of the Indian economy a whopping 90% of them are MSMEs. The new book 'Beyond Three Generations: The Definitive Guide to Building Enduring Indian Family Businesses' profiles a dozen such enterprises, their business dimensions and what such firms should not do.
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The maximum loss was expected in Kanchipuram, Tiruvallur, Chennai and Chengalpattu districts, which account for more than 3.5 lakh industries, the Association of Indian Entrepreneurs said.
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40% of the proceeds is allocated for women borrowers, while the rest will support farmers, and MSMEs, as well as loans to purchase new two-wheeled vehicles
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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, knowledge sessions, road shows, workshops to guide corporates across the state for fundraising on its SME platform, Emerge, and handhold companies in the listing process, the bourse said in a statement.
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Gehlot said that the state government has worked for the all-round development in every area by adopting the motto of service is work, service is religion.
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Recently, CUB has appointed Boston Consulting Group (BCG) to upgrade its digital-lending processes, said MD & CEO.
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C2FO shapes inclusive sustainability road map for global economic growth
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Creating industrial hubs and implementing a single GST rate stand as imperative measures to shield these MSMEs, which collectively possess the power to drive India's growth engine, Gandhi asserted.
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Some 3 lakh shares were traded today, higher than the monthly trading average volume of 1 lakh.
