Pvt sector capex likely to expand amid expectations of high growth: Experts

Private sector capital expenditure is likely to see a gradual expansion and private investment proposals sanctioned by banks rose by nearly Rs 1 lakh crore to Rs 3 lakh crore in the last year alone. Indian economy is expected to grow 6.8% this fiscal and gross fixed capital formation grew 10.2% in FY24, but it […]

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India’s Industrial Production Growth Slows to 4.9% in March 2024

India’s industrial production growth rate dipped to 4.9% in March 2024, down from 5.7% in February. Whereas, the manufacturing sector saw a growth of 5.2%, slightly up from 5%. Key contributors to this growth included the manufacturing of basic metals, pharmaceuticals and medicinal products and other transport equipment. Notable growth is Manufacture of basic metals, […]

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MSME jobs in India cross 19-crore mark: Govt data

This included 4.27 crore women employees and 2.15 crore employees in enterprises not covered under the Goods and Services Tax (GST) regime or exempted from the CGST Act, 2017 and the job count has grown 6.8 times. The revision in the definition of MSMEs provided ease in doing business and promoted investment and employment. Moreover, […]

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Section 43B of Income Tax Act: Expenses businesses can cover apart from payment to MSMEs

Other than clause H, there are seven other clauses — a list of expenses allowed as deductions under the heading ‘Income from Business and Profession’ — under Section 43B for businesses and professionals while computing their taxable income. A section of MSMEs and traders in India is expecting the revision or revocation of the new […]

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Europe Goes Digital: Online Schengen Visa Application Process Coming Soon!

Travelling to Europe is about to become a breeze! The European Union (EU) is revolutionizing the Schengen visa application process by taking it completely online. This means no more in-person appointments and a faster, smoother experience for frequent travellers. Certain consulates were favoured due to their perceived efficiency, contributing to uneven application distribution. The proposed […]

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Indian Passport Holders: Good News! Indian tourists can visit 5 countries without visa, know how long they can stay

Indian tourists can travel to many countries from Macau to Thailand without a visa. Let us know which are those places. You can go here this year also in the New Year. Visa Free Entry: There are many countries in the world where Indians can go without a visa. The list of countries to visit without […]

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SME INDUSTRY SUMMIT – MUMBAI

Dignitaries (L to R) Mr. Tobin Thomas Varghese – Cloud Solution Architect – Microsoft Copilot, Mr. Vishal Bhat – Vice President (SME Division), Tata Tele Business Services, Mr. Chandrakant Salunkhe, Founder and President, SME Chamber of India and Maharashtra Industry Development Association, Mr. Vinod Chandnani, CIO (Digital Transformation, Design & Systems Thinking), Patel Engineering Ltd., […]

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SME MANUFACTURERS and EXPORTERS MEET – KOLHAPUR

Mr. Maheshkumar, Director – SME Chamber of India delivering the Welcome & Introductory Address Mr. Chandrakant Salunkhe – Founder & President – SME Chamber of India and Maharashtra Industry Development Association (MIDA) addressing the delegates virtually Mr. Surendra Jain – Chairman, Shiroli Manufacturer’s Association, Kolhapur addressing the delegates Mr. Rohan Ramesh Shelar – Sales Head […]

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