Recent News

HortiTechIndia convenant signed to upgrade India’s horticulture sector

The Netherlands and India will work together to develop Dutch solutions for the Indian horticultural sector. Last week a number of parties signed the new Partners for International Business (PIB) convenant HortiTechIndia. The convenant was signed by Ad Bischoff from the Netherlands Enterprise Agency, Davinia Lamme from Larive International and …

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PM Modi bats for IT to solve problems at Smart India Hackathon

Prime Minister Narendra Modi on Saturday pitched for enhanced use of information technology to solve day-to-day problems faced by the society and urged budding innovators to come out with solutions. Addressing over 10,000 participants in the Smart India hackathon, an HRD ministry initiative to promote innovation, especially among engineering students, …

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Civil society members recommends New Development Bank (NDB) to focus on small scale investments

The New Development Bank (NDB), also known as the BRICS Bank, should focus on small scale investments instead of large scale infrastructure projects which often bring more negative impact, the civil society members recommended. During the day-long convention on the “People’s perspectives on the New Development Bank” organised by the …

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MSME Ministry holds bilateral meets with S Korea and Canada. Bilateral meeting b/w S. Korea & India on the cooperation in MSME Sector held.

Union MSME Minister Kalraj Mishra held bilateral meet with SME Minister from South Korea over for better cooperation in MSME sector. Delegation from Indian side includes MoS MSME Hari Bhai Parthibhai Chowdhary, MSME Secretary K K Jalan and JS SME Manoj Joshi. In a tweet, Mishra wrote, “Bilateral meeting b/w …

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What is GST? Impact of GST on MSMEs and Startups.

After an eight-hour debate, the Lok Sabha has passed four GST or Goods and Services Tax-related bills putting the government on course for the launch on July 1 2017 of the country’s biggest tax reform since Independence. GST will subsume a slew of indirect taxes levied by the Centre and …

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Insolvency and Bankruptcy Code, 2016 is a key economic reform that will facilitate ease of doing business and promote economic growth – Shri Arjun Ram Meghwal, MOS (Finance &Corporate Affairs)

Shri Arjun Ram Meghwal, MOS (Finance &Corporate Affairs): Insolvency and Bankruptcy Code, 2016 is a key economic reform that will facilitate ease of doing business and promote economic growth;. Inaugurates the new Premises of Insolvency and Bankruptcy Board of India in national capital The Minister of State for Finance and …

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GST Bills passed, PM Says “it will be one nation, one tax and it will give a big boost to GDP”

The Lok Sabha on Wednesday approved four legislations — The Central GST Bill, 2017; The Integrated GST Bill, 2017; The GST (Compensation to States) Bill, 2017; and The Union Territory GST Bill, 2017. The Centre has set the target of July 1 to roll out the Goods and Services Tax …

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US cut in anti-dumping duty on shrimps to boost exports

The United States, the largest importer of Indian shrimps, has pegged its preliminary anti-dumping duty on the perishable seafood item at an average rate of 1.07 per cent. The US commerce department has announced the preliminary determinations in the ongoing 11th administrative reviews of the anti-dumping duty orders against frozen …

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A large number of WTO member countries are supporting India’s proposal for negotiating a trade facilitation agreement (TFA) in services.

A large number of WTO member countries are supporting in principle India’s proposal for negotiating a trade facilitation agreement (TFA) in services, a senior government official said on Friday. Additional Secretary in the Commerce Ministry Anup Wadhawan also said that India is pursuing this proposal in the WTO in a …

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Micro-finance platform Disha plans the formal launch of its small finance bank (SFB) in the next quarter.

Micro-finance platform Disha plans the formal launch of its small finance bank (SFB) in the next quarter, followed by 30-40 branches in the next three months. The SFB, under parent Fincare Business Services, also looks to offer products such as gold loans and micro-enterprise loans to rural customers. “The branches …

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