Stating that industries would be set up in the Hills in three phases, Chairman of the Gorkhaland Territorial Administration (GTA) Board of Administrators Binoy Tamang on Saturday said that the process for setting up small-scale industries would start soon after the two-day Hill Business Summit gets over on 14 March. Mr Tamang spoke to the …March 4, 2018
At least 220 students pitched their ideas for the ‘Startup India Odisha Yatra’ boot camp held at Sri Sri University which flagged off the Startup India- Odisha Yatra at its premises under the Odisha Startup Yatra, Invest India and Department of MSME on Wednesday. The inaugural ceremony of the Startup India boot camp also included …February 23, 2018
The newly formed Tribal India Commerce and Industry (TICCI), a body affiliated to FICCI, organised a seminar to sensitise tribals on opportunities available to them to be entrepreneurs. The seminar was held in association with National Small Industries Corporation (NSIC) and MSME Development Institute. Small Industry Development Bank of India (SIDB), Regional Industry Centre (RIC) …February 10, 2018
Himachal Pradesh government has welcomed the decision of the Union Government in classifying the Micro, Small and Medium Enterprises (MSME) on basis of annual turnover. Chief Minister (CM), Jai Ram Thakur said on Friday that this move will not only benefit the Micro, Small and Medium Enterprises but they could now be exactly categorised on …February 10, 2018
A state-of-the-art plastic moulding facility would be set up at plastic packaging cluster in Karnal for which a grant of Rs 10.5 Crore has been sanctioned by the Central government. The facility would benefit about 70 micro and small-scale plastic packaging units in Karnal and generate additional 500 jobs in the cluster. An official spokesperson …February 9, 2018
Finance Minister Arun Jaitley said on Saturday, 3 February, that the economy has entered into a phase of consolidation after a series of “structural reforms” which were initiated in the past two years. “… Having gone through a series of very major structural reforms in the past two years, this now also is a phase …February 3, 2018
The Sub Committee meeting of the State Level Bankers’ Committee of MSME and Skill Development held under the Chairmanship of L N Gupta, Additional chief secretary, called upon bankers not to ask for collateral security in the case of loans up to Rs.10 lakh in the MSE Sector. The sub committee noted that RBI has …January 19, 2018
The banks bad loans or non-performing assets (NPAs) will reach 10.5 per cent of the total advances by March 2018, an increase from 9.5 per cent on March this year, domestic rating agency Crisil said in a report on Thursday. About two-thirds of the overall stressed assets in the banking system has already been recognised …September 14, 2017
Country's leading lender State Bank of India (SBI) on Thursday said that the rising NPAs in the MSME sector in West Bengal was worrisome for which the bank had introduced new assessment system for these units. “It is worrisome that the level of NPAs in the MSME sector has touched 16 per cent. We are …August 10, 2017
The Prime Minister in his inaugural speech at midnight on June 30 referred to GST as a life changing instrument for the poor. The implementation of GST has the potential to transform India's economy, as for many years we had a horrendous system of multiple indirect taxes like excise duty, customs, sales tax etc. The …July 19, 2017
The IndusInd Bank has entered into an agreement with Overseas Private Investment Corporation to raise $225 million loan to support expansion of its micro, small and medium enterprise lending programmes across India. At least 25 per cent of the proposed facility will support women entrepreneurs and reach to populations who previously had no access to …June 9, 2017
In a significant decision, the Defence Acquisition Council (DAC) at a meeting chaired by Defence Minister Arun Jaitley, on Saturday finalised the broad framework of a policy aimed at engaging the Indian private sector in the manufacture of high-tech defence equipment in India in keeping with the “Make in India” policy of the government. The …May 20, 2017
The Odisha government has decided to impart entrepreneurship training to at least 10,000 youths during the current financial year, an official said on Saturday. It was decided at a high-level meeting chaired by MSME Minister Prafulla Samal here on Saturday. The training will be organised by the Institute of Entrepreneurship Development, Bhubaneswar, District Industry centres …May 13, 2017
Micro, Small and Medium Enterprises (MSME) sector as an opportunity for Odisha, Union Minister Kalraj Mishra on April 4 said the Centre will take steps to eradicate unemployment from the state by promoting small scale units and start ups.
“MSME sector has become a challenge as well as opportunity for Odisha. We will be working towards eradicating unemployment and creating Odisha a manufacturing hub,” the Union MSME minister said.
“This can only happen by promoting small scale industries and start up is the new buzz word for Odisha to focus on promoting new ideas,” Mishra said while addressing a session on four-day mega conclave and expo organised by Utkal Chamber of Commerce and Industry (UCCI).
Union Tribal Affairs Minister Jual Oram, who was present on the occasion, said, “Odisha should come up with some policy where we can promote and set up MSME industries and factories in tribal areas.”April 5, 2017
The Central Bureau of Investigations (CBI), Shimla, has arrested two officers of the MSME Development Institute, Chambaghat, Solan district, in an alleged bribery of Rs.25,000. The CBI had registered a case on February 27, following a complaint alleging that the accused Assistant director (Electricals) and Investigator/Inspector (Glass and ceramics), working in the office of Director, …March 2, 2017
The Union government has announced to formulate a policy, National MSME Policy, for micro, small and medium enterprises. The Ministry of MSME had formulated a committee on December 31, 2015 under the chairmanship of former cabinet secretary Prabhat Kumar for the policy. The committee on Friday presented its report to the Union Minister for State …January 27, 2017
The Haryana government has notified the "Investment Subsidy on VAT/ State GST" for a host of industry segments, including MSMEs, as part of steps to bring down cost of doing business in the state. Investment subsidy on VAT/SGST has been announced for ultra mega projects, mega projects, large units, Micro, Small and Medium and sectors …January 12, 2017