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Embroidery of India

Embroidery in India includes dozens of regional embroidery styles that vary by region on the varied Indian clothing Styles. Designs in Indian embroidery are formed on the basis of the texture and the design of the fabric and the stitch. The dot and the alternate dot, the circle, the square, …

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With GST implementation, 51mn SMEs will go digital’ – SAP Indian subcontinent’s Marketing Head Krishnan Chatterjee.

With GST implementation, 51mn SMEs will go digital’ With implementation of Goods and Services Tax (GST), India’s 51 million small medium enterprises (SMEs) will take the digital route and this will significantly change the way of doing business across industries, said SAP Indian subcontinent’s Marketing Head Krishnan Chatterjee. “As many …

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Stock transfers in GST and how this impacts SMEs.

Our nation is on the brink of GST, a single unified indirect tax system. This is the largest taxation reform in the indirect taxation regime and it subsumes a host of indirect taxes. GST introduces the concept of seamless flow of input tax credit across the supply chain (from manufacture …

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Paying taxes: Why SMEs should comply with income tax provisions.

India’s taxation structure provides for two types of taxes: Direct and Indirect taxes. Income Tax and Wealth Tax are Direct Taxes whereas Sales Tax, Service Tax and Excise Duties are Indirect Taxes. In Budget 2015, Wealth Tax has been abolished and at present Income Tax is the only Direct Tax …

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MSME SECTOR: ACHIEVEMENT REPORT

In a first, Ministry of MSME has been awarded the ISO 9001-2008 certification. Implementation of ISO standards has enabled the Ministry to identify areas for improvement and also bring in transparency and accountability in its functioning. Source : Make in india site

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Evaluation Study on Khadi and village Industries Programme.

During the Freedom Struggle, the development of Khadi and Village Industries was an instrument to meet the twin objective of self-reliance through local production and seeking active participation of the poor in the struggle for Independence through removal of hunger and unemployment. Their potential as an instrument of poverty alleviation …

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GST to create Rs 36,000 crore software market in MSME segment.

JAIPUR: With the GST expected to be rolled out from September this year, there is a scramble among the software providers to have a bigger pie of the MSME segment whose invoicing and tax compliance IT requirements estimated to create a Rs 36000-crore market. Currently, only 90 lakh dealers out …

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Textiles and Garments updates.

REASONS TO INVEST Abundant availability of raw materials such as cotton, wool, silk, jute and manmade fibres. Comparative advantage in terms of skilled manpower and cost of production over major textile producers across globe. Focused and favorable policies instituted by the government will give the industry a fillip. Presence of …

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YES Bank, EDII to conduct workshops for MSME Associations on energy efficiency.

BENGALURU: In order to take effective actions against increasing global warming and pollution levels, a series of workshops to sensitize Ministry of Micro, Small and Medium Enterprises (MSME) on efficient use of energy has been organized by YES Bank in partnership with Entrepreneurship Development Institute of India (EDII).  These workshops …

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Plastic: Update and New Developments in the Plastic Industry

We’ve come a long way from the black Bakelite phones and radio cases. In fact, your new coffee cup may actually be made from corn-based plastics. While the origins of man-made polymers can be traced to the nineteenth century, the development of novel plastic materials and break-through applications continue at …

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