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Strong case for anti-dumping duty on 124 products: Steel secretary

Strong case for anti-dumping duty on 124 products: Steel secretary  India has a strong case for imposing long-term anti-dumping duties on up to 124 steel products in the next two months, Steel Secretary Aruna Sharma said, as part of efforts to curb cheaper imports and protect local firms. Indian steelmakers …

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TReDS can boost MSMEs’ liquidity, with some tweaks

TReDS can boost MSMEs’ liquidity, with some tweaks The Trade Receivables Discounting System (TReDS) proposed by the RBI is expected to provide much-needed liquidity to micro, small and medium enterprises (MSMEs). Lack of adequate working capital has been a major issue for MSMEs. Institutional lenders are typically obsessed with immovable collateral and credit history, …

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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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