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Govt's delay in taking fiscal steps to help MSMEs will be fatal: Pronab Sen

New Delhi, July 14 -- Already facing the hit of COVID-19 pandemic, the Micro, Small and Medium Enterprises (MSMEs) seem to be in more trouble in the coming days, according to Former Chief Statistician... Read More


MSMEs of Dakshina Kannada seek exemption from lockdowns

Mangaluru, July 14 -- In a view of a week-long lockdown from July 16, the Mangaluru-based Kanara Industries Association (KIA) has urged the Dakshina Kannada district administration to exempt Micro, Sm... Read More


Punjab Finance Minister demands pharma park in Bathinda

Chandigarh, July 14 -- Punjab Finance Minister Manpreet Singh Badal has met Union Minister of Chemicals and Fertilizers DV Sadananda Gowda and demanded to build a national pharmaceutical park in Bathi... Read More


CBDT asks taxpayers to verify ITRs for AYs 2015-16 to 2019-20 by September 30

New Delhi, July 14 -- The Central Board of Direct Taxes (CBDT) has announced a one-time relaxation to taxpayers who have not yet verified their e-filed tax returns for AYs 2015-16 to 2019-20 and asked... Read More


MCA finalising special insolvency resolution under IBC for MSMEs

New Delhi, July 13 -- In a bid to provide relief to Micro, Small and Medium Enterprises (MSMEs), the Ministry of Corporate Affairs (MCA) is finalising a special insolvency resolution under section 240... Read More


Sanitizers reclassified as 'disinfectants' to attract 18 per cent GST; MSMEs cry foul

New Delhi, July 13 -- Laghu Udyog Bharti's (LUB)—Pharma Committee have alleged that Department of Goods and Services classifying alcohol-based hand sanitizers as 'disinfectants' to extract 18 pe... Read More


Cash withdrawal above 20 lac to attract TDS at 2 % or more

New Delhi, July 13 -- The Central Board of Direct Taxes (CBDT) has facilitated a new functionality for banks and post offices through which they can ascertain the TDS applicability rates on cash withd... Read More


Care survey says 70 per cent of MSMEs approach for collateral-free loans; MSMEs refute

New Delhi, July 13 -- Nearly 70 per cent of Micro, Small and Medium Enterprises (MSMEs) have approached banks for collateral-free loans under Emergency Credit Line Guarantee Scheme (ECLGS) to tide ove... Read More


Anti-dumping duties on raw material like Steel making MSMEs uncompetitive, allege Ludhiana Trade body

Ludhiana, July 13 -- Micro, Small and Medium Enterprises (MSMEs) in Ludhiana have demanded government support to tide over the current economic situation crises. In this regard, Upkar Singh Ahuja, p... Read More


Traders' body urges Railway minister to prohibit Chinese company CRRC from participation in Vande Bharat project

New Delhi, July 11 -- As a part of its boycott Chinese campaign launched on June 10, the Confederation of All India Traders (CAIT), on Saturday, urged Union Railways Minister Piyush Goyal not to allow... Read More