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I-T Dept refunds Rs 62,361 cr to more than 20 lakh taxpayers amid COVID-19 pandemic

New Delhi, July 3 -- The Central Board of Direct Taxes (CBDT) on Friday announced that the income tax department has issued refunds of Rs 62,361 crore to more than 20 lakh taxpayers during the last 3 ... Read More


LUB alleges new MSME classification will defeat 'Atmanirbhar Bharat' campaign; seeks PMO intervention

New Delhi, July 3 -- In Month of May, the government had changed the definition of Micro, Small and Medium Enterprises (MSMEs), however, it didn't go well with the RSS-affiliated Laghu Udyog Bharati (... Read More


DFS waives off charges & fees registration for MSMEs on all three TReDS platforms

New Delhi, July 3 -- Amid crippled economy due to COVID-19 pandemic, finally Micro, Small and Medium Enterprises (MSMEs) got a chance to cheers as Department of Financial Services (DFS) has exempted t... Read More


Rights group raises concern on Assam's MSME ordinance; FINER demands developed land

Guwahati, July 3 -- Assam government's ordinance to allow conversion of land for MSMEs to set up industries on the basis of a self-declaration — without the requirement of any permission, cleara... Read More


MSMEs to be prime-tier vendors in govt's defence procurement: Defence Ministry

New Delhi, July 3 -- Micro, Small and Medium Enterprises (MSMEs) will be prime-tier vendors in the procurement of defence equipment by the government from the industry for Rs 31,130 crore approved by ... Read More


RBI asks banks, NBFCs & financial institution to reclassify MSMEs as per revised criteria

New Delhi, July 3 -- The Reserve Bank of India (RBI) has asked banks, financial institutions and Non-Banking Financial Institution (NBFCs) to reclassify Micro, Small and Medium Enterprises (MSMEs) on ... Read More


Govt mulls simplified insolvency scheme for Covid hit MSMEs

New Delhi, July 2 -- The Micro Small and Medium Enterprises (MSMEs) hit by Covid pandemic may have something to cheer at last. Insolvency and Bankruptcy Board of India (IBBI) has formulated a Specia... Read More


Uttarakhand CM lauds MSME sector, says it plays an important role in development of state

Dehradun, July 2 -- Lauding Micro, Small and Medium Enterprises (MSMEs) which nearly contributes 30 per cent of India's Gross Domestic Product (GDP), Uttarakhand Chief Minister Trivendra Singh Rawat o... Read More


Government assures steel industry to reduce logistics cost

New Delhi, July 2 -- The government has assured the steel industry that it will take all necessary steps to ensure that logistics cost in India can be reduced which will also help the end users. Spe... Read More


COVID-19 could potentially be a trend accelerator for MSMEs: Edelweiss Group

Mumbai, July 2 -- The COVID-19 pandemic has hindered the growth of the Micro, Small and Medium Enterprises (MSMEs) and brought economy to a standstill but the same could also accelerate MSMEs in the c... Read More